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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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314 Essex St , Salem, MA 01970
$1,895,000
Est. Payment: $4,211.11/mo
6 Bed
6 Bath
4670 Sqft
Status: Active | Days on site: 30
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AN7000 - TM356376
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House Description

Older than the country itself and standing directly beside Salem’s iconic Witch House, the Lindall-Gibbs-Osgood House presents a rare opportunity for an exceptional historic residence or intimate, owner-occupied bed-and-breakfast in the heart of downtown Salem. Built c.1755, this Georgian-style gambrel offers approximately 4,670 square feet across three finished levels.The current owners purchased the property in 2012 and undertook an extensive three-and-a-half-year restoration and renovation, completed in 2016. Original floors, four working fireplaces and centuries-old architectural details were carefully preserved while modern systems, multiple heating and cooling zones and high-end amenities were introduced throughout.Following the renovation, the owners operated three guest rooms as a bed-and-breakfast. The layout is particularly well suited to owner-occupied hospitality, with three spacious en-suite bedrooms arranged around a generous second-floor landing and private owner’s quarters occupying the entire third level. The primary retreat includes a spa-like bath, walk-in closet, kitchenette, den, gym and office. The property may also offer potential to create additional guest rooms. A gracious reception foyer anchors the main level, flanked by two formal parlors with wood-burning fireplaces, an elegant dining room and a true chef’s kitchen. An original cooking hearth is paired with commercial-scale appliances, a steam wall oven and ample space for cooking, entertaining and gathering with guests.The partially finished lower level already includes a bathroom and offers additional flexibility and buildout potential. Outside, a beautifully maintained fenced garden provides unexpected privacy, complemented by two coveted off-street parking spaces.Located within Salem’s historic McIntire District, the property is moments from restaurants, museums, shops, the waterfront and commuter rail. Its en-suite accommodations, generous common areas, commercial-scale kitchen and separation between guest rooms and owner’s quarters create a compelling foundation for a distinctive Salem B&B. Its scale, private garden and thoughtful renovation make it equally appealing as a remarkable single-family residence. Furnishings may also be available by negotiation.

Highlights

Listed by The Bakhtiari Group , 603-560-5357 Compass , 978-248-8081.

Property Type

Residential

Lot/Acreage
0.11

Year Built

1755

County

Essex

Neighborhood

McIntire Historic District

Listing ID

73564359

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:6
  • Full Bathrooms:4
  • 1/2 Bathrooms:2
Appliances:Electric Water Heater, Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer
Air Cond:Central Air,Heat Pump,Ductless
Fireplaces:
Floor:Wood,Tile
Water:Public

Exterior Features

Lot:Level
Garage Capacity:2
Zoning:B1
Roof:Shingle
Others:
  • Additional:Patio, Fenced Yard, Garden
Sewer:Public Sewer
Parking Features:Off Street,Paved,Parking Spaces: 2
Principal Interest
$4,211
Taxes
$1,606

Home Price

$1,895,000

Loan Details

30 yrs
%

Down Payment

20%
$379,000
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Monthly Price:
$4,211.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,211.11 $1,606.25 $0.00 $5,817.36
Yearly $50,533.33 $19,275.00 $0.00 $69,808.33
Total $1,516,000.00 $578,250.00 $0.00 $2,094,250.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Salem, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.