7 Hamilton St # 3, Salem MA 01970
Salem, MA 01970
$860,000
$765,000
Est. $5,167/month
About this home
In 1898, Henry Benson, a prominent textile manufacturer, built the impressive gambrel-roofed Colonial Revival home at 7 Hamilton Street. That same year, he became Salem’s first owner of an electric vehicle, which he stored in the carriage house behind the main residence. Designed by his architect brother, John Benson, the home was filled with Impressionist works by his celebrated artist brother, Frank Benson. Today, this beautifully restored landmark has been thoughtfully converted into four condominiums. With 1,750 square feet on two levels, unit 3 features corner living & dining rooms, eat-in kitchen with lovely views of Hamilton St, and a deck overlooking the garden and neighboring 18th and 19th century homes. Upstairs are 2 bedrooms, another full bath, and an open office or den. Nestled in the McIntire District, one of the most architecturally significant neighborhoods in New England and minutes from the Salem Athenaeum, the PEM, the train station, and the buzz of downtown Salem.
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Recently Sold Nearby
Property History
Market Insights
2
Price Changes
11%
Price Range
Property Timeline
Status: Active under contract
Jul 29, 2026
Active → Active Under Contract
Pending Sale
Jul 27, 2026
Offer accepted, sale pending
Price Reduced
Jul 21, 2026
$765,000
$60,000
(-7.27%)
From $825,000 to $765,000 (-7.3%)
Price Reduced
Jul 16, 2026
$825,000
$35,000
(-4.07%)
From $860,000 to $825,000 (-4.1%)
Showing Instructions Updated
Jul 11, 2026
New showing requirements
Listed for Sale
Jun 9, 2026
$860,000
Original listing
Agent: Michael Selbst
Office: Gibson Sotheby's International Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/29/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 07/27/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 07/21/2026 | ↓ Price Reduced | $765,000 | $60,000 | - | From $825,000 to $765,000 (-7.3%) |
| 07/16/2026 | ↓ Price Reduced | $825,000 | $35,000 | - | From $860,000 to $825,000 (-4.1%) |
| 07/11/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 06/09/2026 | 🏠 Listed for Sale | $860,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $6,460 | $569,700 |
Financial Details
Annual Property Tax
$6,460
Tax Year 2025
HOA Fee
$560
Monthly
Assessed Value
$569,700
Facts & Features
Home Facts
Type
Residential
Style
Condominium
Year Built
1900
Living Area
1,750 sq ft
Lot Size
0.14 acres
Bedrooms
2
Full Baths
2
Total Rooms
5
Interior
Heating
Forced Air, Oil
Cooling
Window Unit(s)
Flooring
None
Appliances
None
Fireplace
None
Fireplaces
2
Basement
Y
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Total Spaces
1
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$6,460
Assessed Value
$569,700
HOA & Community
HOA Fee
$560 Monthly
Fee Includes
Sewer, Insurance
Amenities
None
Optional Fee Includes
None
Owner-Occupied Units
4
MA Disclosures
Seller Disclosures
Unit Owners May Have One Pet, Not To Exceed 25lbs. 3 Window Units Offered As Gifts To The Buyer
Exclusions
Mirror In Dining Room And Entrance Hall
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["Detached"]
Unit/Building
3
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
57 days
Property Overview
Property Type
Condominium
Listing Type
Sale Pending
Year Built
1900
Bedrooms
2
Full Bathrooms
2
Living Area
1,750 sq ft
Total Rooms
5
Stories
2
Entry Level
2
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,750 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Y
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Detached
Exterior Materials:
Roof:
Foundation:
Stories:
2
Heating, Cooling & Utilities
Heating:
Forced Air, Oil
Heating Zones:
1
Cooling:
Window Unit(s)
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
1
Parking Features:
Special Features
Fireplaces:
2
Fireplace Type:
Community Amenities:
Nearby Schools
School District
Salem School District local
B-
School Safety
2024-25
3.6%
Above Average
2.3%
Suspensions
0.8%
In-School
1.3%
Emergency
1.9% below state avg
Elementary Schools
9 schools
The Phoenix School
0.5 mi
Grades PK-08
The Greenhouse School
1.6 mi
Grades PK-08
B-
Saltonstall School
0.7 mi
|
#460 of 824
|
Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students
Diverse
Rising School
Grades K-05
B-
Carlton School
1.0 mi
|
#468 of 824
|
Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students
Diverse
Grades K-05
C-
Horace Mann Laboratory School
1.0 mi
|
#671 of 824
|
Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.0 mi
|
#388 of 824
|
Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students
Diverse
Rising School
Diverse Student Body
Grades K-05
B+
Bates School
1.1 mi
|
#325 of 824
|
Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
C+
Bentley Academy Innovation School
1.2 mi
|
#568 of 824
|
Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students
Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.2 mi
106 students
Diverse
Diverse Student Body
Grades PK
Middle Schools
1 school
C+
Collins Middle School
0.4 mi
|
#219 of 352
|
Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
2 schools
B+
Salem Academy Charter School
0.8 mi
|
#139 of 346
|
Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B
Salem High School
1.1 mi
|
#144 of 346
|
Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
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Loan Amount
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Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$538
Homeowners Insurance
$200
HOA Fee
$560/mo
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Total interest paid
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Rate Impact
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
7 Hamilton St # 3, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Michael Selbst
Listing Office
Gibson Sotheby's International Realty
Office Phone
978-526-0243
Agent MLS ID
BB804690
Office MLS ID
AN6133
Listing Data Updated
Aug 5, 2026 11:30 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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