40 Norwood Road, Salem, NH, 03079 | $499,900

Rare opportunity to build your DREAM WATERFRONT ESTATE on 1. 67 PRIVATE ACRES in highly desirable NORTH SALEM. Tucked away in a serene setting within a RURAL ZONING DISTRICT, this READY-TO-BUILD PARCEL offers the perfect blend of PRIVACY, NATURE, WILDLIFE, AND CONVENIENCE. Imagine waking up to peaceful water views and enjoying KAYAKING, PADDLEBOARDING, AND WINTER ICE SKATING right from your own backyard. PENDING FINAL TOWN APPROVAL, this lot is anticipated to abut a stunning new 10-ACRE CONSERVATION AREA featuring WALKING TRAILS, SCENIC OVERLOOKS, AND DIRECT ACCESS TO NATURE. With ample space for a LUXURY CUSTOM HOME, the possibilities are endless. SHOWING REQUEST TO ACCESS THE PROPERTY. Whether you're a builder, investor, or someone looking to create a one-of-a-kind waterfront residence, this exceptional parcel offers a rare combination of location, lifestyle, and potential. Don't miss the chance to bring your vision to life in one of Southern New Hampshire's most sought-after communities. Ideally located just minutes from Interstate 93 and the vibrant Tuscan Village, you'll enjoy easy access to premier shopping, dining, and entertainment while still embracing the tranquility of a secluded retreat. Electricity is already underground, and the property was previously surveyed by a developer in 1988/1989 and approved for construction, with plans on file at Town Hall. Buyer to pay current use taxes and it will be coming off current use status.   Buyer and Buyer's Agent are responsible for conducting their own independent due diligence and verification of all information related to the property, including but not limited to zoning, permitted uses, wetlands, utilities, approvals, dimensions, frontage, buildability, and any other matters of importance. Neither Seller nor Broker makes any representations or warranties regarding the accuracy of information provided.

Features

  • Zoning: RUR
  • Lot Desc: Abuts Conservation,Neighborhood,Pond,Waterfront,Wooded,Private
  • Water Front: Yes
  • Elem. School: North Salem Elementary
  • Middle School: Woodbury School
  • High School: Salem High School
  • School District: North Salem Central School District
  • MLS#: 5092784
  • Website: https://www.raveis.com
    /prop/5092784/40norwoodroad_salem_nh?source=qrflyer
©2026 New England Real Estate Network, Inc. All rights reserved.This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/6/2026
Listing courtesy of Coldwell Banker Realty Andover MA   Phone: 978-296-8435
Listing Agent: Jennifer Mason

William Raveis Family of Services

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Joanne O'KeefeVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 38342

978.314.1072

Joanne.OKeefe@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance

978-337-3053

Paul.Berrios@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

40 Norwood Road, Salem, NH, 03079

$499,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Joanne O'Keefe

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 978.314.1072

Joanne.OKeefe@raveis.com

NMLS Mortgage Loan Originator ID 38342

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $399,920 $399,920 $399,920
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.370% 6.615% 5.952%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,395 $2,525 $3,321
Total Monthly Payment $2,470 $2,600 $3,396

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.