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131 Derby St, Salem MA 01970

Salem, MA 01970
$499,900
Est. $3,505/month
2
Beds
1
Baths
800
Sq Ft
$625
Price/Sq Ft
0.23
Acres
1912
Year Built
Condominium
Type
9 hours 37 minutes
Time on Market
Active Listed Jan 21, 2026 • MLS# 73470335 Copied!

About this home

Experience effortless downtown living at 131 Derby St, Unit 3-Front, ideally located in the heart of Salem’s iconic waterfront district. This stylish 2-bedroom condo places you moments from the Salem Maritime Historic Site, Pickering Wharf, PEM, fine dining, shops, taverns,The Common, and commuter options- the ferry and rail to Boston. Thoughtfully maintained, the home offers a bright open layout w/ 9’ ceilings, hardwood floors, granite countertops, stainless steel appliances including a new dishwasher, and a generous kitchen island w/ seating for 3-4. Enjoy the rare luxury of your own private covered deck-perfect for relaxing, entertaining, or electric grilling. Additional highlights include in-unit laundry, custom Hunter Douglas blinds w/ blackout shades in the primary bedroom, & exceptional storage w/ an oversized basement space. 2-car tandem covered parking adds unbeatable convenience rarely found downtown. Pet-friendly building. Fully renovated in 2005 and truly move-in ready.

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1912
Bedrooms
2
Full Bathrooms
1
Living Area
800 sq ft
Total Rooms
4
Stories
1
Entry Level
3

Facts & Features

2 Car Garage

Home Facts

Type Residential
Style Condominium
Year Built 1912
Living Area 800 sq ft
Lot Size 0.23 acres
Bedrooms 2
Full Baths 1
Total Rooms 4

Interior

Heating Baseboard, Natural Gas
Cooling Window Unit(s)
Flooring Tile, Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry Gas Dryer Hookup, Washer Hookup, First Floor, In Unit
Features Storage

Exterior

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

Parking

Garage Spaces 2
Has Garage Yes
Features Detached, Carport, Assigned, Off Street, Tandem, Paved, Exclusive Parking
Total Spaces 2

Utilities

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

Financial

Annual Tax $4,825
Assessed Value $425,500

Interior Features

Flooring: Tile, Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Storage
Windows: Insulated Windows
Basement: Y
Laundry: Gas Dryer Hookup, Washer Hookup, First Floor, In Unit
Security: Intercom

Construction & Materials

Year Built: 1912
Effective Year (Renovated): 2005
Structure Type: 2/3 Family
Exterior Materials: Frame
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Garage Spaces: 2
Total Parking Spaces: 2
Parking Features: Detached, Carport, Assigned, Off Street, Tandem, Paved, Exclusive Parking

Location

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Neighborhood

131 Derby St, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School District
Salem School District local
B-
⚠ School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
↓ 1.9% below state avg
E

Elementary Schools

9 schools
The Phoenix School
1.3 mi
Grades PK-08
The Greenhouse School
1.7 mi
Grades PK-08
C+
Bentley Academy Innovation School
0.5 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
0.5 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Saltonstall School
0.7 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
B-
Carlton School
0.7 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
B+
Bates School
1.4 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
C-
Horace Mann Laboratory School
1.6 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.8 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
M

Middle Schools

1 school
C+
Collins Middle School
1.2 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
0.4 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.7 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

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

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $402
Homeowners Insurance $200
HOA Fee $375/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
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+0.5% Rate
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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

Property Timeline

🏠
Listed for Sale
Jan 21, 2026
$499,900
Original listing
Agent: The Lopes Group Office: J. Barrett & Company

Price & Status History

Date Event Price Change
Jan 21, 2026 New Listing Added $499,900 —

Market Statistics

Time on Market
9 hours 37 minutes
Price per Sq Ft
$625

Tax History

Year Taxes Assessment
2025 $4,825 $425,500

Financial Details

Annual Property Tax
$4,825
Tax Year 2025
HOA Fee
$375
Monthly
Assessed Value
$425,500

Listing Information

Listing Agent The Lopes Group
Listing Office J. Barrett & Company
Agent MLS ID TM326374
Office MLS ID AC2087
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

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