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Gallows Hill Home for Sale

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    $399,900

    • 3 Beds
    • 1 Bath
    • 1,197 Sq Ft

    12 Varney St, Salem, MA 01970

    This home sits on an approximately 8,200 square foot lot and is being sold strictly AS-IS. Renovation or possible tear-down. Ideal for investors, contractors, or buyers seeking a value-add project. Three off-street parking spaces and large yard. Located minutes from downtown Salem, commuter routes, and historic attractions. Excellent opportunity in a high-demand area.

    Nick Musto Tinkham Realty, Inc.

    12 Varney St, Salem, MA 01970

Why Live in Gallows Hill

Gallows Hill in Salem offers a suburban-style atmosphere with a mix of Colonial Revival and Cape Cod homes, many of which were built between the 1850s and 1950s. There are also two-family houses and townhomes. Although it's within a couple of miles of downtown, Gallows Hill has a more suburban feel. Gallows Hill Park, the largest green space in the area, includes a playground, baseball diamonds, a basketball court and the Ryan Brennan Memorial Skate Park. Splaine Park's unique playground is integrated into the hilly terrain. Dining and shopping are conveniently close by. Favorites include the Black Cat Diner and Far From The Tree, a cider house. A Stop & Shop grocery store and Hawthorne Square shopping center are less than 2 miles away. Since it's not far to downtown, Gallows Hill residents may participate in annual events such as the Halloween Happenings Grand Parade and the city's Christmas tree lighting. Main roads include Highland Avenue, and the Salem Station downtown, offers Massachusetts Bay Transportation Authority (MBTA) commuter rail. Boston Logan International Airport is 18 miles away.

Frequently Asked Questions

Is Gallows Hill a good place to live?
Gallows Hill is a good place to live. Gallows Hill is considered fairly walkable and somewhat bikeable with some transit options. Gallows Hill is a neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. Gallows Hill has 4 parks for recreational activities. It has a median age of 39. The average household income is $88,616 which is below the national average. College graduates make up 42.1% of residents. A majority of residents in Gallows Hill are home owners, with 48% of residents renting and 52% of residents owning their home. A local real estate agent serving Gallows Hill can help you decide if this neighborhood is the right one for you. Learn more on our Gallows Hill neighborhood guide.
Is Gallows Hill, MA a safe neighborhood?
Gallows Hill, MA is safer than the average neighborhood in the United States. It received a crime score of 2 out of 10.
How much do you need to make to afford a house in Gallows Hill?
The median home price in Gallows Hill is $585,000. If you put a 20% down payment of $117,000 and had a 30-year fixed mortgage with an interest rate of 6%, your estimated principal and interest payment would be $2,810 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $120K a year to afford the median home price in Gallows Hill. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Gallows Hill is $89K.
What are the best public schools in Gallows Hill?
The best public schools that serve Gallows Hill are:
What are the best private schools in Gallows Hill?
The best private schools that serve Gallows Hill are:
What are the most popular zip codes in Gallows Hill, Salem, MA?
The most popular zip codes in Gallows Hill, Salem, MA include 01970, 01960, 01915, 01923 and 01945.
What are the most popular neighborhoods near Gallows Hill, Salem, MA?
The most popular neighborhoods near Gallows Hill, Salem, MA are Gallows Hill, North Salem, Peabody Town Center, Downtown Salem and Witchcraft Heights.

Home Trends in Gallows Hill, MA

Housing Trends

Median Sale Price
$544,950
Median Single Family Sale Price
$599,500
Median 2 Bedroom Sale Price
$415,000
Median 1 Bedroom Sale Price
$289,900
Average Price Per Sq Ft
$389
Number of Homes for Sale
1
Last 12 months Home Sales
14
Months of Supply
0.90
Median List Price
$585,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
0%
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