**Price Reduced** Welcome to a rare opportunity to own a private estate property in desirable Salem, NH. Set on 4.73 acres behind the historic Searles walls, this distinctive 2-story Colonial offers a unique blend of character, space, and versatility. Originally built in 1940, the home features timeless Colonial charm with generous living areas, hardwood floors, and abundant natural light throughout. A thoughtfully designed in-law addition provides flexible living options ideal for extended family, guests, or multi-generational living. The expansive lot offers exceptional privacy while remaining conveniently located near shopping, dining, schools, and major commuter routes. A certified plot plan showing potential subdivision has been prepared for future development. Open yard space, and the secluded setting create a peaceful retreat rarely found in Southern New Hampshire. Whether you are seeking a spacious family home, multi-generational living arrangement, or a property with room to grow, 56 Pond Street presents endless potential in a highly sought-after location. Private setting. Historic surroundings. Endless possibilities.