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Value-packed equity opportunity in one of Salem's most sought-after locations! Priced competitively at $560, 000, this spacious home is perfectly situated in the heart of town, offering unbeatable convenience just minutes from top-rated schools, major commuter routes, and the shopping, dining, and entertainment of Tuscan Village. Whether you're commuting to Massachusetts or enjoying everything Salem has to offer, this prime location is hard to beat. Inside, you'll find a sprawling 14' x 20' structural rear addition featuring an updated kitchen with premium granite countertops. The home offers approximately 1, 520 square feet of above-grade living space, plus an additional 960 square feet of finished lower-level space, providing endless possibilities for extended living, recreation, or a home office. Outside, the expansive 27' x 22' carport easily accommodates multiple vehicles, while the 17-panel solar system installed in 2023 helps offset electricity costs and adds long-term energy efficiency. Additional solar information is available upon request. Bring your vision, favorite paint colors, and personal finishing touches to unlock this home's full potential and build instant equity in one of Salem's most desirable and centrally located neighborhoods. Being sold strictly As-Is. Tax records reflect 1, 240 square feet above grade; buyer to verify all dimensions.
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 7/3/2026Our 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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Our Executive Mortgage Banker:
Our Insurance Division:
$560,000
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 | $448,000 | $448,000 | $448,000 |
| 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 | $581 | $581 | $581 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,683 | $2,829 | $3,720 |
| Total Monthly Payment | $3,356 | $3,502 | $4,393 |
* 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.