new - 2 days on rocket

7 Hancock St, Salem, MA, 01970

$1,499,900

Home List Price

$10,000*

Closing Credit

10 Bedrooms
4 Full Baths
5,548 SqFt
$270/SqFt
Multi

Location

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7 Hancock St, Salem$1,499,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved Drive, Off Street
Year Built1917
BasementYes
MLS #73312820
Lot Size0.14 Acres
StatusActive
(New)

About 7 Hancock St

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! Don't miss your chance to own a piece of historic Salem!

Property Details

Property Features

Property Information:

  • Year Built: 1917
  • Living Area: 5,548 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Evolution
  • Office Phone: (978) 927-8700
  • Listing Agent: Shannon McInnis

Interior Features

Interior Information:

  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
  • Basement: Yes
  • Flooring Type: Wood, Tile, Vinyl, Carpet

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 10

Exterior Features

Parking Information:

  • Parking: Paved Drive, Off Street

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Other

Directions Information:

  • Directions: Lafayette or Canal to Hancock

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,499,900
  • Price Per SqFt: $270/SqFt

Tax Information:

  • Annual Amount: $8,490
  • 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

7 Hancock St vs Salem

2 DAYS ON ROCKET

-24 Days

$1,499,900

+$904.4K More

$270/SqFt

-$113 Less

KEY TAKEAWAY

This property is $904.4K more than the Median Sold Price and $113/SqFt less 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: #73312820

Listing Office:

  • Office Name: Keller Williams Realty Evolution
  • Office Phone: (978) 927-8700
  • Listing Agent: Shannon McInnis

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: 11/16/2024, 11:55:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 20, 2021Home Sold
$1,100,039
Jul 03, 1995Home Sold
$180,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,490$615,200
2020$8,257$571,400
2019$7,826$518,300
2018$6,989$454,400
2017$6,315$398,200

History based on county public records data.

Payment Calculator

$7,553

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,563

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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-388342
1
/10

  • Horace Mann Laboratory

  • 79 Willson St

  • 0.91 miles

  • Public District Grades KG-5

school-card-donut-388343
3
/10

  • Bentley Academy Innovation School

  • 25 Memorial Dr

  • 1.27 miles

  • Public District Grades KG-5

school-card-donut-388344
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›7 Hancock St

This home is located at 7 Hancock St in Salem, MA and zip code 01970. This 5,548 square foot home, which was built in 1917, sits on a 0.14 acre lot. Features: 10 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $1,499,900.

While more than 24 listings in Salem, MA in October 2024 were sold above asking price, there were more than 8 listings sold at asking price, and more than 12 were sold below. Between September 2024 and October 2024, Salem, MA real estate market has seen decrease in the number of listings by 3%. The median list price of listings available in October 2024 was $595,500, while the average time on the real estate market was 26 days.

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

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