1 month on rocket

11 Hancock St, Salem, MA, 01970

$1,175,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Full Baths
2,974 SqFt
$395/SqFt
Multi

Location

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11 Hancock St, Salem$1,175,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingAssigned
Year Built1917
HeatingNatural Gas
CoolingWindow Unit(s)
BasementYes
MLS #73294342
Lot Size0.09 Acres
StatusActive

About 11 Hancock St

This 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.

Property Details

Property Features

Property Information:

  • Year Built: 1917
  • Living Area: 2,974 SqFt

Listing Office:

  • Office Name: Herrick Lutts Realty Partners
  • Office Phone: (978) 927-1959
  • Listing Agent: Herrick Lutts Realty Partners

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Living Room, Kitchen

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: Assigned

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: Please use GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,175,000
  • Price Per SqFt: $395/SqFt

Tax Information:

  • Annual Amount: $8,486
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Salem, MA.

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Salem, MA

City

Med. Sold Price

$595.5K

Med. Price/SqFt

$383

Avg. Days On Market

26

# of Sold Homes

44

11 Hancock St vs Salem

53 DAYS ON ROCKET

+27 Days

$1,175,000

+$579.5K More

$395/SqFt

+$12 More

KEY TAKEAWAY

This property is $579.5K more than the Median Sold Price and $12/SqFt more than other homes in Salem, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73294342

Listing Office:

  • Office Name: Herrick Lutts Realty Partners
  • Office Phone: (978) 927-1959
  • Listing Agent: Herrick Lutts Realty Partners

IDX Disclaimer: The property listing data and information 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 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 set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 10:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 01, 2011Home Sold
$380,000
Oct 15, 1998Home Sold
$175,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,486$614,900
2020$7,781$538,500
2019$7,446$493,100
2018$6,740$438,200
2017$6,480$408,600

History based on county public records data.

Payment Calculator

$5,932

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,589

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-393934
1
/10

  • Horace Mann Laboratory

  • 79 Willson St

  • 0.89 miles

  • Public District Grades KG-5

school-card-donut-393935
3
/10

  • Bentley Academy Innovation School

  • 25 Memorial Dr

  • 1.28 miles

  • Public District Grades KG-5

school-card-donut-393936
4
/10

  • Carlton

  • 10 Skerry St

  • 1.34 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,375. The most common annual income of people living in Salem, MA is less than $35k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Essex County›Salem›01970›11 Hancock St

This home is located at 11 Hancock St in Salem, MA and zip code 01970. This 2,974 square foot home, which was built in 1917, sits on a 0.09 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $1,175,000.

Over 24 listings were sold over their listed price in October 2024 in Salem, MA. In the same period over 12 listings were sold below the listed price and 8 listings were sold for the listed price. The inventory of homes for sale in Salem, MA between September 2024 and October 2024 decreased by 3%. Listings spent 26 days on the market in October 2024, and had a median list price of $595,500 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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