David Brown
Coldwell Banker Realty - Beverly
(339) 666-1240
62 Total Sales
2 in South Salem
$535K - $775K Price Range
7 Hancock St Salem, MA 01970
South Salem Neighborhood
10
Beds
4
Baths
5,548
Sq Ft
6,120
Sq Ft Lot
About This Home
As of January 2025*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!
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,159
Year Built
- Built in 1917
Lot Details
- 6,120 Sq Ft Lot
Home Design
- Shingle Roof
- Rubber Roof
- Marble or Granite Building Materials
Interior Spaces
- 5,548 Sq Ft Home
- Basement Fills Entire Space Under The House
- Washer and Dryer Hookup
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 10 Bedrooms
- 4 Full Bathrooms
Parking
- 5 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Listing and Financial Details
- Home warranty included in the sale of the property
- Total Actual Rent $9,350
- Rent includes unit 1(water)
- Assessor Parcel Number M:33 L:0263,2134817
Community Details
Overview
- 4 Units
- Property has 2 Levels
Building Details
- Net Operating Income $112,200
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
Nov 14, 2024
Closed on
Jan 16, 2025
Sold by
Bought by
Seller's Agent
Shannon McInnis
Lyv Realty
Buyer's Agent
Ted Richard
J. Barrett & Company
List Price
$1,499,900
Sold Price
$1,505,000
Premium/Discount to List
$5,100
0.34%
Views
28
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Outstanding Balance
$1,107,575
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Aug 6, 2021
Closed on
Sep 17, 2021
Sold by
Bought by
Seller's Agent
Ryan McDonald
Boston Realty Advisors
Buyer's Agent
Joshua Green
Lyv Realty
List Price
$980,000
Sold Price
$1,100,039
Premium/Discount to List
$120,039
12.25%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.87%
Original Mortgage
$825,029
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 3, 1995
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Salem, MA
-
David Brown
-
Nicole Bettano
Nicole Bettano
Lantern Residential
(781) 755-3931
69 Total Sales
2 in South Salem
$505K - $700K Price Range
-
Tracey Cleversey
Tracey Cleversey
Hive Property Group
(339) 444-2143
53 Total Sales
2 in South Salem
$382K - $605K Price Range
-
Hans Nagrath
Hans Nagrath
Compass
(888) 604-7140
165 Total Sales
1 in South Salem
$600,000 Price
-
Juan Lopera-Martinez
Juan Lopera-Martinez
eXp Realty LLC
(339) 338-4961
86 Total Sales
1 in South Salem
$1,100,000 Price
-
Phillip Napolitano
Phillip Napolitano
StartPoint Realty
(781) 731-1473
13 Total Sales
1 in South Salem
$295,000 Price
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 |
|---|---|---|---|
| $1,500,000 | None Available | ||
| $1,100,039 | None Available | ||
| $180,000 | -- |
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 |
|---|---|---|---|
| Open | $1,125,000 | ||
| Previous Owner | $825,029 | ||
| Previous Owner | $185,000 | ||
| Previous Owner | $175,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 01/16/2025 01/16/25 | Sold | $1,505,000 | +0.3% | $271 / Sq Ft | |
| 11/27/2024 11/27/24 | Pending | -- | -- | -- | |
| 11/05/2024 11/05/24 | For Sale | $1,499,900 | +36.3% | $270 / Sq Ft | |
| 09/20/2021 09/20/21 | Sold | $1,100,039 | +12.2% | $202 / Sq Ft | View Prior Sale |
| 08/17/2021 08/17/21 | Pending | -- | -- | -- | |
| 08/05/2021 08/05/21 | For Sale | $980,000 | -- | $180 / 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 | $16,339 | $1,440,800 | $175,800 | $1,265,000 |
| 2024 | $14,159 | $1,218,500 | $166,500 | $1,052,000 |
| 2023 | $13,841 | $1,106,400 | $154,200 | $952,200 |
| 2022 | $8,590 | $648,300 | $144,900 | $503,400 |
| 2021 | $8,490 | $615,200 | $144,900 | $470,300 |
| 2020 | $8,257 | $571,400 | $125,200 | $446,200 |
| 2019 | $7,826 | $518,300 | $119,000 | $399,300 |
| 2018 | $6,989 | $454,400 | $113,500 | $340,900 |
| 2017 | $6,315 | $398,200 | $92,500 | $305,700 |
| 2016 | $6,163 | $393,300 | $87,600 | $305,700 |
| 2015 | $6,164 | $375,600 | $79,000 | $296,600 |
Source: Public Records
Agents Affiliated with this Home
-
Shannon McInnis
Seller's Agent in 2025
Shannon McInnis
Lyv Realty
(508) 531-3822
5 in this area
90 Total Sales
-
Ted Richard
Buyer's Agent in 2025
Ted Richard
J. Barrett & Company
(978) 921-1117
4 in this area
67 Total Sales
-
R
Seller's Agent in 2021
Ryan McDonald
Boston Realty Advisors
-
Joshua Green
Buyer's Agent in 2021
Joshua Green
Lyv Realty
(978) 210-9226
4 in this area
27 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73312820
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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