7 Hancock St, Salem MA 01970

Salem, MA 01970
$1,505,000
Est. $8,010/month
10
Beds
4
Baths
5,548
Sq Ft
$271
Price/Sq Ft
0.14
Acres
1917
Year Built
4 Family
Type
25
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73312820

About this home

*Group showing Monday Nov 25 3pm sharp* This exceptional multi-family home in the heart of historic Salem is located on a peaceful street, just moments away from Salem State, Pickering Wharf, Forest River Park, and all the magic of downtown Salem. This property is a rare gem with endless potential! Inside, discover 4 townhouse-style units: Two spacious 3-bedroom units, one charming and styled 2-bedroom unit, and a 4-bedroom unit. Each unit exudes historic charm, featuring original hardwood floors, built-in china cabinets, intricate moldings, and elegant French doors. Thoughtful updates include new appliances, chic lighting fixtures, beautiful tile work, and refinished hardwood floors in two units—a perfect blend of classic elegance and modern comfort. Enjoy five off-street parking spaces, a shared fenced yard, and a basement. Whether you’re an investor adding a timeless property to your portfolio or an owner-occupant seeking a special home, this property has it all!

Sale Statistics

Sale Overview
Original List Price: $1,499,900
Final Sale Price: $1,505,000
Difference: +$5,100 (+0.3%)
Performance Metrics
100.3%
List to Sale Ratio
Sold above asking price
25
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $270
Sale $/sq ft: $271
This property sold for $271 per square foot
Sale Summary

This property sold for 0.3% above the original asking price, indicating strong buyer demand.

With only 25 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
4 Family
Property Category
Residential Income
Year Built
1917
Bedrooms
10
Full Bathrooms
4
Living Area
5,548 sq ft
Total Rooms
26
Stories
8
Levels
8

Interior Features

Flooring
Wood, Tile, Vinyl, Carpet
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator
Laundry Features
Washer & Dryer Hookup
Basement Details
Full

Exterior & Structure

Roof
Shingle, Rubber
Foundation
Granite
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.14 acres
Lot Size
6,120 sq ft
Lot Size Area
0.1400

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
5
Parking Features
Paved Drive, Off Street

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

Senior Community
No

Financial & Tax Information

Annual Tax Amount
$14,159
Tax Year
2024
Tax Assessed Value
$1,218,500
Parcel Number
M:33 L:0263,2134817
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Please note one unit has a 4th bedroom that must be accessed through the third bedroom.
Exclusions
Tenants Personal Belongings

Location

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Neighborhood

7 Hancock 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 $1,180
Homeowners Insurance $200
PMI $0

Property History

Market Insights

0.3%
Price Range
27
Total Days on Market

Property Timeline

Sold
Jan 16, 2025
$1,505,000
Property sold
Days on Market: 27
🏠
Listed for Sale
Nov 14, 2024
$1,499,900
Original listing
Agent: Shannon McInnis Office: Keller Williams Realty Evolution

Price & Status History

Date Event Price Change
Nov 14, 2024 New Listing Added $1,499,900

Market Statistics

Days on Market
25 days
Price per Sq Ft
$271

Tax History

Year Taxes Assessment
2024 $14,159 $1,218,500

Financial Details

Annual Property Tax
$14,159
Tax Year 2024
Assessed Value
$1,218,500

Listing Information

Listing Agent Shannon McInnis
Listing Office Keller Williams Realty Evolution
Agent MLS ID CN254155
Office MLS ID C95098

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