BMN Boston

Get our mobile app!

Download on the App Store

145 Derby Street # 3, Salem MA 01970

Salem, MA 01970
$845,000
Est. $4,834/month
3
Beds
3.5
Baths
1,463
Sq Ft
$578
Price/Sq Ft
2024
Year Built
228
Days on Market
Closed Listed May 8, 2024 • MLS# 73235274 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, while designer bathrooms provide sleek fixtures and spa-like finishes. A private rooftop deck on the top floor provides stunning views and an ideal setting for relaxation. Just steps from the waterfront, shops, restaurants, and iconic landmarks, this condo community includes secured entry, with both garage and dedicated parking, and additional storage. Experience the best of Salem's charm and culture right at your doorstep!

View in the App

Save this property, schedule tours instantly, and get alerts when the price drops

Scan to download BMN Boston app Scan with phone
Get the full experience in the BMN Boston app

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2024
Bedrooms
3
Full Bathrooms
3
Half Bathrooms
1
Living Area
1,463 sq ft
Total Rooms
6
Stories
3
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $1,015,000
Final Sale Price: $845,000
Difference: $170,000 (-16.7%)
Performance Metrics
83.3%
List to Sale Ratio
Sold below asking price
228
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $694
Sale $/sq ft: $578
This property sold for $578 per square foot
Sale Summary

This property sold for 16.7% below the original asking price.

At 228 days on market, this property took longer than average to sell.

Nearby Sales Comparison

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

This Property
$578/sq ft
Area Average
$333/sq ft
Difference
+73.8%

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

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2024
Living Area 1,463 sq ft
Bedrooms 3
Full Baths 3
Half Baths 1
Total Rooms 6

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Tile
Appliances Oven, Dishwasher, Microwave, Range, Refrigerator, Range Hood
Fireplace None
Basement Y
Laundry In Unit
Features None

Exterior

Construction Frame
Architecture None
Roof Rubber, Other
Features Deck - Roof + Access Rights, Decorative Lighting, City View(s), Screens, Rain Gutters, Professional Landscaping
Pool None
Spa None
Fencing None
Patio/Porch Deck - Roof + Access Rights

Parking

Garage Spaces 1
Has Garage Yes
Features Attached, Garage Door Opener, Deeded, Off Street, Paved, Exclusive Parking
Total Spaces 2

Utilities

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

Financial

Annual Tax 0.00
Assessed Value 0.00

Interior Features

Flooring: Wood, Tile
Appliances: Oven, Dishwasher, Microwave, Range, Refrigerator, Range Hood
Interior Features:
Windows: Insulated Windows, Screens
Basement: Y
Laundry: In Unit
Security:

Construction & Materials

Year Built: 2024
Structure Type: Townhouse, Rowhouse
Exterior Materials: Frame
Roof: Rubber, Other
Foundation:
Stories: 3

Heating, Cooling & Utilities

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

Exterior & Lot

Exterior Features: Deck - Roof + Access Rights, Decorative Lighting, City View(s), Screens, Rain Gutters, Professional Landscaping
Patio & Porch: Deck - Roof + Access Rights
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 2
Parking Features: Attached, Garage Door Opener, Deeded, Off Street, Paved, Exclusive Parking

Special Features

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

Location

Loading map...

Neighborhood

145 Derby Street # 3, Salem MA 01970

Salem, MA 01970

Walkability

Loading Walk Score...

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 $0
Homeowners Insurance $200
HOA Fee $361/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

0.6%
Price Range
180
Total Days on Market

Property Timeline

Sold
Jan 31, 2025
$845,000
Property sold
Days on Market: 180
🏠
Listed for Sale
May 8, 2024
$849,900
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 $849,900

Market Statistics

Days on Market
228 days
Price per Sq Ft
$578

Tax History

Year Taxes Assessment
2024 $0 $0

Financial Details

Annual Property Tax
$0
Tax Year 2024
HOA Fee
$361
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 Jan 31, 2025 3:25 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

145 Derby Street # 3, Salem MA 01970 - Photo 1 145 Derby Street # 3, Salem MA 01970 - Photo 2 145 Derby Street # 3, Salem MA 01970 - Photo 3 145 Derby Street # 3, Salem MA 01970 - Photo 4 145 Derby Street # 3, Salem MA 01970 - Photo 5 145 Derby Street # 3, Salem MA 01970 - Photo 6 145 Derby Street # 3, Salem MA 01970 - Photo 7 145 Derby Street # 3, Salem MA 01970 - Photo 8 145 Derby Street # 3, Salem MA 01970 - Photo 9 145 Derby Street # 3, Salem MA 01970 - Photo 10 145 Derby Street # 3, Salem MA 01970 - Photo 11 145 Derby Street # 3, Salem MA 01970 - Photo 12 145 Derby Street # 3, Salem MA 01970 - Photo 13 145 Derby Street # 3, Salem MA 01970 - Photo 14 145 Derby Street # 3, Salem MA 01970 - Photo 15 145 Derby Street # 3, Salem MA 01970 - Photo 16 145 Derby Street # 3, Salem MA 01970 - Photo 17 145 Derby Street # 3, Salem MA 01970 - Photo 18 145 Derby Street # 3, Salem MA 01970 - Photo 19 145 Derby Street # 3, Salem MA 01970 - Photo 20 145 Derby Street # 3, Salem MA 01970 - Photo 21 145 Derby Street # 3, Salem MA 01970 - Photo 22 145 Derby Street # 3, Salem MA 01970 - Photo 23 145 Derby Street # 3, Salem MA 01970 - Photo 24 145 Derby Street # 3, Salem MA 01970 - Photo 25 145 Derby Street # 3, Salem MA 01970 - Photo 26 145 Derby Street # 3, Salem MA 01970 - Photo 27 145 Derby Street # 3, Salem MA 01970 - Photo 28 145 Derby Street # 3, Salem MA 01970 - Photo 29 145 Derby Street # 3, Salem MA 01970 - Photo 30 145 Derby Street # 3, Salem MA 01970 - Photo 31
BMN Boston Real Estate

BMN Boston Real Estate

Douglas Elliman

Your message will be sent to BMN Boston Real Estate.

Schedule a Tour