Investment Analysis — 13 Phillips St

Welcome to 13 Phillips Street, a charming 1890 Colonial tucked into one of North Salem’s most appealing residential neighborhoods. Full of architectural character and surrounded by beautifully tiered grounds, this is a home that deserves a closer look. Inside, original-era charm meets thoughtful updates. The main level features an inviting open layout with ~9 foot ceilings, a sun-filled cozy kitchen with recessed lighting and stainless-steel appliances, and a distinctive bay window that brings character and natural light to the spacious living room. A graceful curved staircase, a standout architectural feature, leads upstairs to two generous bedrooms joined by a versatile foyer that works beautifully as a home office, plus a spacious full bath with a jacuzzi tub and oversized double closet. But the real showstopper may just be outside. The property’s terraced landscape creates a series of intimate outdoor spaces, with lush plantings, mature greenery and scenic elevation changes giving the grounds a private, idyllic feel. Step from the kitchen onto the large rear deck, continue down through the tiered decking to a slate patio, and discover plenty of room for grilling, entertaining, gardening or simply enjoying a quiet Salem afternoon. A paved driveway and two-car parking add everyday convenience, while the wooded, sloping lot gives the property a sense of depth and privacy that is increasingly hard to find. And the location? Hard to beat. Set in North Salem, 13 Phillips Street is close to neighborhood parks including Mack, McGlew, and Patten, while downtown Salem’s restaurants, cafés, bars, shops and waterfront are just minutes away. Public transportation, the commuter rail, bike paths and area beaches are all within easy reach. The homeowner has taken meticulous care of the home with many recent updates: water heater (2020); exterior paint (full house- 2020; back of house- 2026); fully insulated (2024); roof (2025); solar panels - seller owned (2025); heat pump/air handler (2025). Historic architecture. Layered gardens. Multiple outdoor spaces. A truly distinctive Salem setting. This is the kind of home that feels both connected to the character of Salem and wonderfully its own.