H
Seller's Agent in 2025
Herrick Lutts Realty Partners
Herrick Lutts Realty Partners
9 in this area
202 Total Sales
11 Hancock St Salem, MA 01970
South Salem Neighborhood
4
Beds
4
Baths
2,974
Sq Ft
3,707
Sq Ft Lot
Highlights
- Medical Services
- Corner Lot
- Window Unit Cooling System
- Property is near golf course and public transit
- Jogging Path
- Living Room
About This Home
As of January 2025This well-maintained four-family property consists of four 1-bedroom units, perfectly situated near Salem's commuter rail and Salem State University. Each unit features hardwood floors and abundant natural light. The property includes on-site laundry and off-street parking, rare amenities in this sought-after area.Located just minutes from Salem’s historic downtown, with its rich culture, dining, and entertainment options. With stable rental income and significant potential for growth, this property is an investor's dream. The proximity to major transportation and educational hubs ensures consistent demand year-round. Don't miss your chance to own this exceptional investment in one of Salem’s most desirable locations.
Last Agent to Sell the Property
Herrick Lutts Realty Partners Listed on: 09/24/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,167
Year Built
- Built in 1917
Lot Details
- 3,707 Sq Ft Lot
- Corner Lot
Home Design
- Stone Foundation
- Frame Construction
- Slate Roof
Interior Spaces
- 2,974 Sq Ft Home
- Property has 1 Level
- Living Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 5 Car Parking Spaces
- Assigned Parking
Location
- Property is near golf course and public transit
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Separate Meters
- 200+ Amp Service
Listing and Financial Details
- Total Actual Rent $3,900
- Assessor Parcel Number M:33 L:0265,2134819
Community Details
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
Additional Features
- 4 Units
- Net Operating Income $46,800
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 24, 2024
Closed on
Jan 22, 2025
Sold by
Bought by
Seller's Agent
Herrick Lutts Realty Partners
Herrick Lutts Realty Partners
Buyer's Agent
Chris Blasczak
Real Broker MA, LLC
List Price
$1,199,900
Sold Price
$1,197,000
Premium/Discount to List
-$2,900
-0.24%
Views
53
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$879,750
Interest Rate
0.066%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 27, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
0.0296%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 23, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
0.0296%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 2, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,000
Interest Rate
0.0399%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 17, 2014
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,000
Interest Rate
0.0399%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 1, 2011
Sold by
Bought by
Purchase Details
Closed on
Oct 15, 1998
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,197,000 | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | -- | ||
| -- | -- | ||
| $380,000 | -- | ||
| $175,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $879,750 | ||
| Closed | $450,000 | ||
| Closed | $287,000 | ||
| Closed | $250,000 | ||
| Closed | $235,200 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/22/2025 01/22/25 | Sold | $1,197,000 | +1.9% | $402 / Sq Ft |
| 11/20/2024 11/20/24 | Pending | -- | -- | -- |
| 11/04/2024 11/04/24 | Price Changed | $1,175,000 | -2.1% | $395 / Sq Ft |
| 09/24/2024 09/24/24 | For Sale | $1,199,900 | -- | $403 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,223 | $901,500 | $165,500 | $736,000 |
| 2024 | $9,167 | $788,900 | $156,800 | $632,100 |
| 2023 | $8,957 | $716,000 | $145,100 | $570,900 |
| 2022 | $8,549 | $645,200 | $136,400 | $508,800 |
| 2021 | $8,486 | $614,900 | $136,400 | $478,500 |
| 2020 | $7,781 | $538,500 | $117,900 | $420,600 |
| 2019 | $7,446 | $493,100 | $112,100 | $381,000 |
| 2018 | $6,740 | $438,200 | $106,800 | $331,400 |
| 2017 | $6,480 | $408,600 | $87,100 | $321,500 |
| 2016 | $6,329 | $403,900 | $82,400 | $321,500 |
| 2015 | $6,338 | $386,200 | $74,300 | $311,900 |
Source: Public Records
Agents Affiliated with this Home
-
Herrick Lutts Realty Partners
-
Nick Zolotas
Seller Co-Listing Agent in 2025
Nick Zolotas
Herrick Lutts Realty Partners
(978) 969-3427
2 in this area
36 Total Sales
-
Chris Blasczak
Buyer's Agent in 2025
Chris Blasczak
Real Broker MA, LLC
(978) 490-0906
2 in this area
72 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73294342
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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