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Salem 01970 South Salem
39 Gallows Hill Rd
Photo of 39 Gallows Hill Rd
Sold on Dec 11, 2025

34

Map

Photo of 39 Gallows Hill Rd
Photo of 39 Gallows Hill Rd
$620,000
● House - Off Market

39 Gallows Hill Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,950 Ft²
$3,727
Est. Monthly

About This Property

Opportunity awaits in the desirable Witchcraft Heights neighborhood! This beautifully maintained home features a remodeled open-concept kitchen, gleaming hardwood floors, a spacious dining room, and a bright living room. The main floor offers two comfortable bedrooms and a stunning full bath complete with a tub and tiled walls.The remodeled family room on the lower level provides a perfect bonus space-ideal for quiet relaxation, a home office, or entertaining guests. Enjoy the expansive yard with patio, perfect for gatherings and outdoor fun. Additional highlights include an updated heating system, easy access to major highways, and a prime location just 10 minutes from the commuter rail and historic downtown Salem. Don't miss this wonderful opportunity to make Witchcraft Heights your new home!
Unit Size
1,950 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$333
Property Type
House
Property Taxes
$540
HOA Dues
-
Year Built
1968

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 10 months ago (MLSPIN #73446785)

Price History

Date / Event Date Event Price
Dec 11, 2025 Sold
Premium
Sold
Nov 4, 2025 In contract -
In contract
Oct 22, 2025 Listed by CDG Realty Group $649,000
Listed by CDG Realty Group
Dec 11, 2020 Sold
Premium
Sold
Oct 28, 2020 Listed by CDG Realty Group $419,900
Listed by CDG Realty Group
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,999
  • Total Building Area: 1,470
  • Gross Building Area: 2,022
  • Building Area: 1,470
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,470
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000253
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 204702

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:09 L:0222
  • Lot: 222
  • Municipality: SALEM
  • Latitude: 42.513
  • Longitude: -70.9193

    Address

  • Full Address: 39 Gallows Hill Rd
  • Address - House Number: 39
  • Address - Street Name: Gallows Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C098
  • 4-Digit Zip Code: 1241
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $645,100

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 629,417
  • High Value: 745,474
  • Low Value: 513,360

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $555,200
  • Assessed Land Value: $231,200
  • Assessed Improvements Value: $324,000

    Sales

  • Current Sale Contract Date: Dec 10, 2020
  • Current Sale Recording Date: Dec 11, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201211005430
  • Previous Sale Recording Date: Jan 01, 1968
  • Previous Sale Amount: $19,900
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Salem

Stats & Trends

Median Asking:

$620,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2207 ft²

Average Home Age

89.3 years

Currently For Sale

47 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 10 months ago
Data Source: MLS PIN, MLS# 73446785

Frequently Asked Questions

When was property at 39 Gallows Hill Road built and last sold?
The property at 39 Gallows Hill Road was built in 1968 and last sold on Dec 10, 2020 for $460,000.
How much is this home worth?
The estimated value of the home located at 39 Gallows Hill Road is $0.
What are some comparable homes to 39 Gallows Hill Road?
There are currently no comparable homes to 39 Gallows Hill Road.
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