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143 Derby Street # 2, Salem MA 01970

Salem, MA 01970
$875,000
Est. $4,928/month
2
Beds
2.5
Baths
1,535
Sq Ft
$570
Price/Sq Ft
2024
Year Built
52
Days on Market
Closed Listed May 8, 2024 • MLS# 73235273 Copied!

About this home

Located on Derby Street in historic Salem, MA, this beautifully appointed condominium offers modern living in a prime downtown location. The sunlit, open concept living space boasts hardwood floors and high ceilings, leading to a gourmet kitchen with stainless steel appliances, quartz countertops, and ample cabinetry. Spacious bedrooms feature generous closet space, and the primary bedroom has a private walk-out exclusive deck, perfect for enjoying the fresh air and views. Designer bathrooms provide sleek fixtures and spa-like finishes off both bedrooms. Just steps from the waterfront, shops, restaurants, landmarks, this home has an attached 2 car garage. Experience the best of Salem's charm and culture right at your doorstep! Exclusive ROOFTOP DECK.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2024
Bedrooms
2
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,535 sq ft
Total Rooms
5
Stories
2
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $939,000
Final Sale Price: $875,000
Difference: $64,000 (-6.8%)
Performance Metrics
93.2%
List to Sale Ratio
Sold below asking price
52
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $612
Sale $/sq ft: $570
This property sold for $570 per square foot
Sale Summary

This property sold for 6.8% below the original asking price.

The property spent 52 days on market before selling.

Nearby Sales Comparison

Based on 17 similar properties sold within 0.5 miles in the last 90 days

This Property
$570/sq ft
Area Average
$333/sq ft
Difference
+71.4%

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

Facts & Features

2 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2024
Living Area 1,535 sq ft
Bedrooms 2
Full Baths 2
Half Baths 1
Total Rooms 5

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Tile
Appliances Oven, Microwave, Range, Refrigerator
Fireplace None
Basement Y
Laundry Second Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle, Other
Features Deck - Roof + Access Rights, City View(s)
Pool None
Spa None
Fencing None
Patio/Porch Deck - Roof + Access Rights

Parking

Garage Spaces 2
Has Garage Yes
Features Attached, Garage Door Opener, Off Street
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax 0.00
Assessed Value 0.00

Interior Features

Flooring: Wood, Tile
Appliances: Oven, Microwave, Range, Refrigerator
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: Second Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 2024
Structure Type: Townhouse
Exterior Materials: Frame
Roof: Shingle, Other
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 2
Cooling: Central Air
Cooling Zones: 2
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Deck - Roof + Access Rights, City View(s)
Patio & Porch: Deck - Roof + Access Rights
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 2
Garage Type: Attached
Total Parking Spaces: 2
Parking Features: Attached, Garage Door Opener, Off Street

Special Features

View: Yes
View Type: City
Community Amenities: Public Transportation, Walk/Jog Trails, T-Station

Location

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Neighborhood

143 Derby Street # 2, 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
0.6 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
0.6 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
1.1 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
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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 $0
Homeowners Insurance $200
HOA Fee $303/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

2.7%
Price Range
54
Total Days on Market

Property Timeline

Sold
Aug 1, 2024
$875,000
Property sold
Days on Market: 54
🏠
Listed for Sale
May 8, 2024
$899,000
Original listing
Agent: Herrick Lutts Realty Partners Office: Herrick Lutts Realty Partners

Price & Status History

Date Event Price Change
May 8, 2024 New Listing Added $899,000

Market Statistics

Days on Market
52 days
Price per Sq Ft
$570

Tax History

Year Taxes Assessment
2024 $0 $0

Financial Details

Annual Property Tax
$0
Tax Year 2024
HOA Fee
$303
Monthly
Assessed Value
$0

Listing Information

Listing Agent Herrick Lutts Realty Partners
Listing Office Herrick Lutts Realty Partners
Agent MLS ID TM312527
Office MLS ID AN6507
Listing Data Updated Aug 2, 2024 8:39 AM 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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