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CondominiumResidential
Last sold for $860,000 on Nov 17, 2023

3 SPRING ST

SALEM, MA 01970
1920
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
Built 19202 units1,183–1,193 ft²
$1.1M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$544K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$458
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

+28.0%vs the Salem ZIP median sale $/ft² ($358)

Sales Performance

—
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
—
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
0
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
0.0%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.

9 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

1 bed
1 unit
2 bed
1 unit

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.0%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.100%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.2.8 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.0%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.0%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$535,029
Median tax billThe middle annual property tax bill among the building's units.$3,951
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 2Nov 17, 2023$860,000Unit 1Nov 17, 2023$860,000BuildingNov 17, 2023$860,000Unit 2Dec 16, 2021$1,000,000Unit 1Dec 16, 2021$1,000,000BuildingDec 16, 2021$1,000,000Unit 2Jun 24, 2021$5,525,000Unit 1Jun 24, 2021$5,525,000BuildingJun 24, 2021$5,525,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,895 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$343,500 (2025)
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$343,500
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$574,180

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.12 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.26%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyESSEX
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Electric
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(3)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
CarltonC
Elementary · Grades KG–5 · 0.3 mi
H
Salem Preparatory High School
High · Grades 9–12 · 0.4 mi
M
Saltonstall SchoolC+
Middle · Grades KG–8 · 0.9 mi

District: Salem School District

Neighborhood · ZIP 01970These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.116
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.93
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.87

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.29%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.11%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.44,728
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.4,443 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$85,271
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$107,638
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.46 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

3 Spring St
1 bd · 1 ba · 1,145 ft²
$516K
3 Spring St # 1
2 bd · 1 ba · 1,193 ft²
$546K
3 Spring St # 2
1 bd · 1 ba · 1,183 ft²
$542K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 3 Spring St

How many units are in 3 Spring St, Salem, MA?

3 Spring St, Salem, MA has 2 residential units across built in 1920, according to county assessor records.

What is a unit at 3 Spring St, Salem, MA worth?

The median TopHap Estimate across the 2 units at 3 Spring St, Salem, MA is $544,227. That works out to $458 per square foot. Units run from 1,183 to 1,193 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 3 Spring St, Salem, MA expensive for Salem?

Units at 3 Spring St, Salem, MA carry a median of $458 per square foot, 28% above the Salem median of $358 per square foot.

How often do units sell at 3 Spring St, Salem, MA?

0 units at 3 Spring St, Salem, MA sold in the last 12 months, out of 9 recorded arms-length sales all time. That is a turnover rate of 0.0% of the building per year.

Have units at 3 Spring St, Salem, MA appreciated?

Across 3 repeat sales of the same unit, 3 Spring St, Salem, MA returned a median -7.6% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 1.9 years.

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