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Welcome to 155 Lancaster Farm Road, a thoughtfully renovated 3-bedroom cottage-style ranch offering turnkey comfort, flexible living space, and a convenient Salem location close to I-93, Tuscan Village, the Salem Bike-Ped Corridor/Rail Trail, shopping, dining, and everyday services. Set on a usable lot with mature landscaping, open lawn, a backyard patio, and a wooded backdrop, this home blends modern updates with easy indoor-outdoor living. The open-concept main level is anchored by a beautifully remodeled kitchen with Showplace soft-close cabinetry, quartz countertops, Bosch appliances, pot-filler plumbing, oversized windows, and an unobstructed backyard view that keeps the space bright, clean, and open. Enjoy dining at the custom kitchen table island as the next owner too! Major 2019 updates include the kitchen and baths, flooring, solid-core interior doors, trim, and an 8-foot slider to the patio. Each bedroom has its own high-efficiency Mitsubishi ductless mini-split for personalized comfort. The fully renovated lower level was gutted and rebuilt to add premium finished space, including a family room, full bath, laundry/utility area, mudroom, and welcoming entry, with updated insulation, drywall, engineered hardwood plank flooring, plumbing, and electrical systems. Additional highlights include a 50-amp EV charger, shed with loft storage, Pet Stop invisible fence, irrigation system, metered water, private septic, and fresh 2026 exterior paint, bedroom carpeting, and interior paint. A polished, move-in-ready home with quality updates, modern systems, and a welcoming backyard setting in one of Salem’s most convenient commuter and lifestyle locations. Private appts Friday & OPEN HOUSES- Sat & Sun, June 13 &14 (10-12).
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 7/13/2026Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$675,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.314.1072
Joanne.OKeefe@raveis.com
NMLS Mortgage Loan Originator ID 38342
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $540,000 | $540,000 | $540,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.972% |
| Monthly Tax Payment | $651 | $651 | $651 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,281 | $3,410 | $4,484 |
| Total Monthly Payment | $4,024 | $4,153 | $5,227 |
* 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.