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5 Rice St, Salem MA 01970

Salem, MA 01970
$516,000
Est. $2,746/month
2
Beds
1
Baths
1,074
Sq Ft
$480
Price/Sq Ft
0.07
Acres
1870
Year Built
Single Family Residence
Type
7
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73167190

About this home

Please submit offers by Oct 10th Tues 12 noon. Why live in a condo when you can live in your own home with no HOA fees or rules?...especially one that was lovingly cared for, renovated down to the studs, & has very little maintenance! Outdoor features include a fully fenced in Beacon Hill style, patio backyard & 2 car garage, presently used as workshop and storage space, & plenty of parking for you and your friends...or to rent during the bustling Halloween season! A short stroll to downtown and yet in close proximity to the Beverly bridge for easy access at all times of the year! A mudroom with laundry welcomes you inside to enjoy the well laid out eat-in kitchen open to dining room, currently used as home office. The living room has an abundance of natural light & eco friendly bamboo floors. Most windows have been replaced as have the water heater, boiler, & back roof. These conscientious sellers have even added a Brand new 200 Amp electric service for you! Dry LL = storage & gym!

Sale Statistics

Sale Overview
Original List Price: $465,000
Final Sale Price: $516,000
Difference: +$51,000 (+11.0%)
Performance Metrics
111.0%
List to Sale Ratio
Sold above asking price
7
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $433
Sale $/sq ft: $480
This property sold for $480 per square foot
Sale Summary

This property sold for 11.0% above the original asking price, indicating strong buyer demand.

With only 7 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Single Family Residence
Property Category
Residential
Year Built
1870
Bedrooms
2
Full Bathrooms
1
Living Area
1,074 sq ft
Total Rooms
5

Interior Features

Flooring
Wood, Tile
Heating
Baseboard, Natural Gas
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Has Fireplace
No
Appliances
Gas Water Heater, Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Laundry Features
Flooring - Stone/Ceramic Tile, Main Level, Electric Dryer Hookup, Exterior Access, Recessed Lighting, Remodeled, First Floor, Washer Hookup
Basement Details
Full, Interior Entry, Concrete, Unfinished
Window Features
Insulated Windows, Screens
Door Features
Insulated Doors

Exterior & Structure

Construction Materials
Frame
Architectural Style
Colonial
Roof
Shingle
Foundation
Stone
Exterior Features
Patio, Screens, Fenced Yard
Patio/Porch Features
Patio
Fencing
Fenced/Enclosed, Fenced
Has Spa
No
Waterfront Features
Bay, Harbor, Ocean, Walk to
Waterfront Property
No

Lot & Land

Lot Size
0.07 acres
Lot Size
3,180 sq ft
Lot Size Area
0.0700
Lot Features
Level
Road Frontage Type
Public

Parking & Garage

Garage Spaces
2
Has Garage
Yes
Attached Garage
No
Has Carport
No
Total Non-Garage Parking Spaces
4
Parking Features
Detached, Off Street, Driveway, Paved
Covered Parking Spaces
2

Utilities & Systems

Utilities Available
for Gas Range, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
200+ Amp Service
Energy Efficient Features
Thermostat

Community & HOA

Community Features
Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$3,348
Tax Year
2023
Tax Assessed Value
$267,600
Parcel Number
M:36 L:0195,2137320
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Renovated Since
Attached Property
No
Disclosures
Please TEXT when emailing offers by Tuesday 12pm. We will hold offers until then. Sellers prefer a quick closing. Basement used as home gym is unheated. Verbal agreement with neighbor to the left allowing neighbor to use a small area belonging to 5 Rice for the benefit of the neighbors parking spot.
Exclusions
Please Ask. (Basement Freezer, Work Benches And Tool Holders In Garage And Basement.)
Listing Terms
Contract

Location

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Neighborhood

5 Rice St, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

Elementary School
Carlton
Rating information coming soon
Middle School
Collins
Rating information coming soon
High School
Salem High
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $279
Homeowners Insurance $200
PMI $0

Property History

Market Insights

9.9%
Price Range
8
Total Days on Market

Property Timeline

✓
Sold
Nov 15, 2023
$516,000
Property sold
Days on Market: 8
🏠
Listed for Sale
Oct 5, 2023
$465,000
Original listing
Agent: Tracey Hutchinson Office: Churchill Properties

Price & Status History

Date Event Price Change
Oct 5, 2023 New Listing Added $465,000 —

Market Statistics

Days on Market
7 days
Price per Sq Ft
$480

Tax History

Year Taxes Assessment
2023 $3,348 $267,600

Financial Details

Annual Property Tax
$3,348
Tax Year 2023
Assessed Value
$267,600

Listing Information

Listing Agent Tracey Hutchinson
Listing Office Churchill Properties
Agent MLS ID CN206055
Office MLS ID AN3418

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