114 Derby St # 2, Salem MA 01970

Salem, MA 01970
$855,000
Est. $4,551/month
2
Beds
2.5
Baths
1,342
Sq Ft
$637
Price/Sq Ft
0.29
Acres
1950
Year Built
Condominium
Type
18
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73405795

About this home

Welcome to 114 Derby Street Unit 2, a beautifully renovated 2-bed, 2.5-bath condo in one of Salem’s most desirable waterfront neighborhoods. Located in a restored Federal-style mansion, this home offers stylish single-level living with a perfect mix of modern finishes and historic charm. The open-concept layout features a sleek kitchen with quartz countertops and stainless appliances, flowing into a comfortable living and dining space with a cozy gas fireplace. Central A/C ensures year-round comfort. The spacious primary suite includes a walk-in closet and a well-appointed en suite bath. A second bedroom, full guest bath, and half bath offer great flexibility. Front and rear private entrances add convenience, and there's just enough outdoor space for a grill or bistro table. A spacious unfinished basement offers excellent storage and future living space. Enjoy vibrant, historic Salem in your own backyard—Showings begin at the open house. See offer instructions.

Sale Statistics

Sale Overview
Original List Price: $799,900
Final Sale Price: $855,000
Difference: +$55,100 (+6.9%)
Performance Metrics
106.9%
List to Sale Ratio
Sold above asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $596
Sale $/sq ft: $637
This property sold for $637 per square foot
Sale Summary

This property sold for 6.9% above the original asking price, indicating strong buyer demand.

With only 18 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1950
Bedrooms
2
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,342 sq ft
Total Rooms
5
Stories
2
Entry Level
1
Main Level Bedrooms
1

Interior Features

Flooring
Tile, Hardwood
Heating
Forced Air, Natural Gas
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Laundry Features
In Unit
Basement Details
Y
Window Features
Insulated Windows
Door Features
Insulated Doors

Exterior & Structure

Construction Materials
Brick
Exterior Features
Deck
Patio/Porch Features
Deck
Has Spa
No
Waterfront Features
0 to 1/10 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.29 acres
Lot Size
12,589 sq ft
Lot Size Area
0.2900

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Off Street, Deeded

Utilities & Systems

Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Energy Efficient Features
Thermostat

Community & HOA

Community Features
Public Transportation, Shopping
HOA Fee
$331
HOA Fee Frequency
Monthly
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$8,546
Tax Year
2025
Tax Assessed Value
$753,600
Tax Lot
0014
Tax Map Number
41
Parcel Number
M:41 L:0014 S:805,5000231
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Building Name
114 Derby St Condominium
Common Walls
End Unit
Exclusions
Chandelier Over Dinning Table

Location

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Neighborhood

114 Derby St # 2, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

High School
Shs
Rating information coming soon

Monthly Payment Calculator

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%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $712
Homeowners Insurance $200
HOA Fee $331
PMI $0

Property History

Market Insights

6.4%
Price Range
19
Total Days on Market

Property Timeline

Sold
Aug 29, 2025
$855,000
Property sold
Days on Market: 19
🏠
Listed for Sale
Jul 17, 2025
$799,900
Original listing
Agent: Joyce Sullivan Office: Keller Williams Realty Evolution

Price & Status History

Date Event Price Change
Jul 17, 2025 New Listing Added $799,900

Market Statistics

Days on Market
18 days
Price per Sq Ft
$637

Tax History

Year Taxes Assessment
2025 $8,546 $753,600

Financial Details

Annual Property Tax
$8,546
Tax Year 2025
HOA Fee
$331
Monthly
Assessed Value
$753,600

Listing Information

Listing Agent Joyce Sullivan
Listing Office Keller Williams Realty Evolution
Agent MLS ID C8001298
Office MLS ID AN6886

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