127 Derby St # 1, Salem MA 01970

Salem, MA 01970
$425,000
Est. $2,262/month
1
Beds
1
Baths
763
Sq Ft
$557
Price/Sq Ft
1786
Year Built
Condominium
Type
10
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73381675

About this home

Don’t miss this incredible opportunity to own a piece of Salem’s rich history in one of its most desirable neighborhoods. Located on picturesque and highly sought-after Derby Street, this spacious and inviting first-floor condo offers 763 square feet of thoughtfully designed living space. Featuring one large bedroom and one full bathroom, this unit perfectly blends old-world charm with modern updates.The interior boasts gorgeous original wide pine floors & two stunning ornamental fireplaces that add warmth and character. The kitchen is both stylish and functional, offering updated finishes, ample cabinetry & room for casual dining or entertaining. Additional highlights include an in-unit washer/dryer, excellent closet space and a private outdoor deck area that provides the perfect spot for morning coffee. A true rarity in this area, the unit comes with its own private garage parking space—nearly unheard of in the neighborhood.Set within close proximity to vibrant downtown & waterfront.

Sale Statistics

Sale Overview
Original List Price: $409,000
Final Sale Price: $425,000
Difference: +$16,000 (+3.9%)
Performance Metrics
103.9%
List to Sale Ratio
Sold above asking price
10
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $536
Sale $/sq ft: $557
This property sold for $557 per square foot
Sale Summary

This property sold for 3.9% above the original asking price, indicating strong buyer demand.

With only 10 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
1786
Bedrooms
1
Full Bathrooms
1
Living Area
763 sq ft
Total Rooms
4
Stories
3
Entry Level
1
Main Level Bedrooms
1

Interior Features

Flooring
Wood, Tile, Carpet
Heating
Baseboard, Oil
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Fireplace Features
Dining Room, Living Room
Has Fireplace
Yes
Number of Fireplaces
2
Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features
High Speed Internet
Laundry Features
First Floor, In Unit
Basement Details
Y
Window Features
Screens

Exterior & Structure

Roof
Shingle
Exterior Features
Porch, Garden, Screens
Patio/Porch Features
Porch
Has Spa
No
Waterfront Features
Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Attached Garage
No
Has Carport
No
Parking Features
Detached, Off Street
Covered Parking Spaces
1

Utilities & Systems

Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, House of Worship, Marina, Public School, T-Station, University
HOA Fee
$200
HOA Fee Frequency
Monthly
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$4,198
Tax Year
2025
Tax Assessed Value
$370,200
Parcel Number
M:41 L:0315 S:801,2138132
Zoning
B1

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Common Walls
No One Below
Disclosures
Any and all offers due by 4pm on Monday 6/2.

Location

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Neighborhood

127 Derby St # 1, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $350
Homeowners Insurance $200
HOA Fee $200
PMI $0

Property History

Market Insights

3.8%
Price Range
12
Total Days on Market

Property Timeline

Sold
Jul 1, 2025
$425,000
Property sold
Days on Market: 12
🏠
Listed for Sale
May 29, 2025
$409,000
Original listing
Agent: Jennifer Crowe Office: Atlantic Coast Homes,Inc

Price & Status History

Date Event Price Change
May 29, 2025 New Listing Added $409,000

Market Statistics

Days on Market
10 days
Price per Sq Ft
$557

Tax History

Year Taxes Assessment
2025 $4,198 $370,200

Financial Details

Annual Property Tax
$4,198
Tax Year 2025
HOA Fee
$200
Monthly
Assessed Value
$370,200

Listing Information

Listing Agent Jennifer Crowe
Listing Office Atlantic Coast Homes,Inc
Agent MLS ID C8000685
Office MLS ID AC1991

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