20 Hersey St, Salem MA 01970

Salem, MA 01970
$1,100,000
Est. $5,855/month
8
Beds
4
Baths
3,084
Sq Ft
$357
Price/Sq Ft
0.11
Acres
1930
Year Built
Multi Family
Type
11
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73327227

About this home

All offers are due Monday 1/20 at noon time. Discover a beautifully renovated 2-family home in the heart of Salem, MA! This versatile property features two spacious units, perfect for investors or multi-generational living. First Floor Unit: 3 bedrooms, 1.5 baths, and thoughtfully updated living spaces. Second Floor Unit: 5 bedrooms, 2.5 baths, with ample room to accommodate larger households. Both units boast modern finishes, updated kitchens with stainless steel appliances, and stylish bathrooms. Enjoy the convenience of 6-8 off-street parking spaces—a rare find in Salem! Located near Salem's vibrant downtown, this home is just minutes from the historic sites, waterfront attractions, trendy restaurants, and public transportation, offering easy access to Boston.Don't miss this opportunity to own a stunning, move-in-ready property in one of the most desirable neighborhoods in Salem, perfect for homeowners and savvy investors alike!

Sale Statistics

Sale Overview
Original List Price: $1,000,000
Final Sale Price: $1,100,000
Difference: +$100,000 (+10.0%)
Performance Metrics
110.0%
List to Sale Ratio
Sold above asking price
11
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $324
Sale $/sq ft: $357
This property sold for $357 per square foot
Sale Summary

This property sold for 10.0% above the original asking price, indicating strong buyer demand.

With only 11 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Multi Family
Property Category
Residential Income
Year Built
1930
Bedrooms
8
Full Bathrooms
3
Half Bathrooms
2
Living Area
3,084 sq ft
Total Rooms
17
Stories
3
Levels
3

Interior Features

Flooring
Hardwood
Has Fireplace
No
Basement Details
Full, Unfinished

Exterior & Structure

Foundation
Stone
Has Spa
No
Waterfront Features
Ocean, Unknown To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.11 acres
Lot Size
4,901 sq ft
Lot Size Area
0.1100
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
6
Parking Features
Paved Drive, Off Street

Utilities & Systems

Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer

Community & HOA

Senior Community
No

Financial & Tax Information

Annual Tax Amount
$7,002
Tax Year
2024
Tax Assessed Value
$602,600
Parcel Number
M:33 L:0039,2134559
Zoning
B4

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
First floor lease will end 5/31/2025, Second floor lease will end 6/30/2025

Location

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Neighborhood

20 Hersey St, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $584
Homeowners Insurance $200
PMI $0

Property History

Market Insights

9.1%
Price Range
12
Total Days on Market

Property Timeline

Sold
Feb 21, 2025
$1,100,000
Property sold
Days on Market: 12
🏠
Listed for Sale
Jan 17, 2025
$1,000,000
Original listing
Agent: Juan Lopera-Martinez Office: eXp Realty

Price & Status History

Date Event Price Change
Jan 17, 2025 New Listing Added $1,000,000

Market Statistics

Days on Market
11 days
Price per Sq Ft
$357

Tax History

Year Taxes Assessment
2024 $7,002 $602,600

Financial Details

Annual Property Tax
$7,002
Tax Year 2024
Assessed Value
$602,600

Listing Information

Listing Agent Juan Lopera-Martinez
Listing Office eXp Realty
Agent MLS ID CN232887
Office MLS ID AN6820

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