FeaturesFlooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting, Stainless Steel Appliances, Washer Hookup, Lighting - Pendant
LevelFirst
131 Derby St # 1R, Salem MA 01970
Salem, MA 01970
$469,900
Est. $3,346/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
Adjust the payment calculatorTrack this home for price, status, and open-house alerts.
Open House Schedule
19
Sep
Saturday, September 19
11:30 AM - 1:00 PM EDT
20
Sep
Sunday, September 20
11:00 AM - 12:30 PM EDT
About this home
Location, location, location! This beautiful two-bedroom condo puts you right in the heart of historic downtown Salem, just steps from the Harbor, the House of the Seven Gables, the Peabody Essex Museum, fabulous restaurants, coffee shops, ice cream and gelato shops and an inviting mix of unique boutiques, specialty shops and local businesses. Enjoy the best of both worlds, where Salem’s rich history uniquely meets the energy and convenience of modern downtown living. Move-in ready and filled with charm, this inviting home features two bedrooms with ample closet space, a recently renovated full bath, and beautiful hardwood floors throughout. High ceilings add to the light and airy feel as well as the spacious, updated eat-in kitchen offering abundant cabinetry, granite countertops, stainless steel appliances, an island for additional prep space and a spot to enjoy a meal as well as an open flow into the living area. Additional amenities include a fire sprinkler system for added peace of mind, basement laundry and dedicated storage, plus the option for laundry hookups in the kitchen. Pets are welcome! T he reasonable condo fee includes heat, water, and sewer, and convenient on-street permit parking is available for owners. With a quick closing possible, you could be enjoying everything downtown Salem has to offer just in time for the Halloween festivities! Any offers are due by September 22, 2026 at 5 pm.
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Public Records & Permits
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Recently Sold Nearby
Property History
Market Insights
42.5%
Price Range
2
Previous Sales
Property Timeline
Listed for Sale
Sep 17, 2026
$469,900
Original listing
Agent: Rita Patriarca
Office: RE/MAX Encore
Previous Transaction - MLS #72766901
Full transaction history available when tracking began
Previously Sold
Jan 29, 2021
$362,000
MLS #72766901
Previous Transaction - MLS #71996107
Full transaction history available when tracking began
Previously Sold
Aug 12, 2016
$270,000
MLS #71996107
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/17/2026 | 🏠 Listed for Sale | $469,900 | - | - | Original listing |
| 01/29/2021 | 🏷️ Previously Sold | $362,000 | - | - | MLS #72766901 |
| 08/12/2016 | 🏷️ Previously Sold | $270,000 | - | - | MLS #71996107 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $4,738 | $439,500 |
Financial Details
Annual Property Tax
$4,738
Tax Year 2026
HOA Fee
$375
Monthly
Assessed Value
$439,500
Facts & Features
Home Facts
Type
Residential
Style
Condominium
Year Built
1900
Living Area
813 sq ft
Lot Size
0.23 acres
Stories
1
Bedrooms
2
Full Baths
1
Total Rooms
4
Interior
Heating
Baseboard, Natural Gas
Cooling
Window Unit(s)
Flooring
Tile, Hardwood
Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace
None
Basement
Y
Laundry
Electric Dryer Hookup, Washer Hookup, In Basement, In Building, In Unit
Features
Internet Available - Unknown
Exterior
Construction
None
Architecture
None
Roof
Rubber
Features
Porch
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
On Street
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Electric Dryer, Washer Hookup
Financial
Annual Tax
$4,738
Assessed Value
$439,500
HOA & Community
HOA Fee
$375 Monthly
Fee Includes
Heat, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
Amenities
None
Optional Fee Includes
None
Pets
Yes
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
All Appliances Left As Gifts. Two Window Air Conditioners Are Negotiable As Well As Decorative Shelving In The Living Room And Bedroom. Main Bedroom Door Can Be Replaced (modified For Cats).
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
["Garden"]
Unit/Building
1R
Sq Ft Source
Public Record
Documents
None
County
Essex
Property Overview
Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
2
Full Bathrooms
1
Living Area
813 sq ft
Total Rooms
4
Stories
1
Entry Level
1
Floor Layout
Interactive room guide
Floor Layout
Finished Area
813 sq ft above grade
FeaturesCeiling Fan(s), Closet, Flooring - Hardwood
LevelFirst
FeaturesBathroom - Full, Flooring - Stone/Ceramic Tile
LevelFirst
FeaturesCeiling Fan(s), Flooring - Hardwood, Open Floorplan
LevelFirst
FeaturesCeiling Fan(s), Closet, Flooring - Hardwood
LevelFirst
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Tile, Hardwood
Appliances:
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Internet Available - Unknown
Windows:
Insulated Windows
Basement:
Y
Laundry:
Electric Dryer Hookup, Washer Hookup, In Basement, In Building, In Unit
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Garden
Exterior Materials:
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:
Porch
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
On Street
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
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
|
#532 of 825
|
Score: 43.7
Improved 179 spots from last year
-14.5 below state avg
277 students
Moderate
Rising School
Grades PK-05
Salem Early Childhood School
0.5 mi
107 students
Diverse
Diverse Student Body
Grades PK
C+
Saltonstall School
0.7 mi
|
#526 of 825
|
Score: 43.9
Improved 42 spots from last year
-14.3 below state avg
267 students
Diverse
Rising School
Diverse Student Body
Strong Attendance
Grades K-05
B-
Carlton School
0.7 mi
|
#470 of 825
|
Score: 45.5
Dropped 49 spots from last year
-12.7 below state avg
249 students
Diverse
Diverse Student Body
Grades K-05
B+
Bates School
1.4 mi
|
#318 of 825
|
Score: 50.0
Improved 261 spots from last year
-8.2 below state avg
415 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
C
Horace Mann Laboratory School
1.6 mi
|
#653 of 825
|
Score: 38.1
Improved 68 spots from last year
-20.1 below state avg
320 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.8 mi
|
#339 of 825
|
Score: 49.4
Improved 211 spots from last year
-8.8 below state avg
465 students
Diverse
Rising School
Diverse Student Body
Grades K-05
Middle Schools
1 school
B-
Collins Middle School
1.2 mi
|
#203 of 352
|
Score: 40.3
Improved 76 spots from last year
-17.9 below state avg
753 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
2 schools
B+
Salem Academy Charter School
0.4 mi
|
#141 of 346
|
Score: 57.0
Improved 95 spots from last year
-1.2 below state avg
477 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B+
Salem High School
1.7 mi
|
#124 of 346
|
Score: 58.3
Dropped 4 spots from last year
+0.1 above state avg
960 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
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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
$395
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
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Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
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.
Location
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Neighborhood
131 Derby St # 1R, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Rita Patriarca
Listing Office
RE/MAX Encore
Office Phone
978-988-0028
Agent MLS ID
B9500799
Office MLS ID
B95079
Listing Data Updated
Sep 17, 2026 2:19 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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