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114 Derby St # 2, Salem MA 01970

Salem, MA 01970
$855,000
Est. $5,567/month
2
Beds
2.5
Baths
1,342
Sq Ft
$637
Price/Sq Ft
0.29
Acres
1950
Year Built
18
Days on Market
Closed Listed Jul 17, 2025 • MLS# 73405795 Copied!

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.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
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

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.

Nearby Sales Comparison

Based on 16 similar properties sold within 0.5 miles in the last 90 days

This Property
$637/sq ft
Area Average
$330/sq ft
Difference
+93.1%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1950
Living Area 1,342 sq ft
Lot Size 0.29 acres
Bedrooms 2
Full Baths 2
Half Baths 1
Total Rooms 5

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Tile, Hardwood
Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Fireplaces 1
Basement Y
Laundry In Unit
Features None

Exterior

Construction Brick
Architecture None
Roof None
Features Deck
Pool None
Spa None
Fencing None
Patio/Porch Deck

Parking

Features Off Street, Deeded
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $8,546
Assessed Value $753,600

Interior Features

Flooring: Tile, Hardwood
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: In Unit
Security:

Construction & Materials

Year Built: 1950
Effective Year (Renovated): 2016
Structure Type: Townhouse
Exterior Materials: Brick
Roof:
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Deck
Patio & Porch: Deck
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Deeded

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Public Transportation, Shopping

Location

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Neighborhood

114 Derby St # 2, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $712
Homeowners Insurance $200
HOA Fee $331/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

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
Listing Data Updated Aug 29, 2025 4:51 PM 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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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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