Welcome to life at waterfront Pickering Wharf condominiums! Introducing this 5 room, 2 bedroom townhouse featuring hardwood floors, fireplaced living room with beamed ceiling, skylit main bedroom, in-unit laundry and pull-down attic for storage!! Great condition with replacement window overlooking historic Derby Street. Convenient assigned parking behind unit. You will enjoy all the amenities at Pickering Wharf - fun shops, fabulous restaurants, waterfront activities and right next to the Maritime National Park (July 4th fireworks!!)!! Just a few minutes from downtown Salem and the commuter rail too! These units make a great investment too. Pets allowed with approval (one <40 lbs dog). Unfortunately, this will not qualify for conventional financing, but portfolio loans are available with a minimum of 25-30% down payment. This is a not-to-be-missed opportunity in a very sought after neighborhood in the incredible city of Salem! Photos with furniture are virtually staged.
Sale Statistics
Sale Overview
Original List Price:$409,000
Final Sale Price:$435,000
Difference:
+$26,000 (+6.4%)
Performance Metrics
106.4%
List to Sale Ratio
Sold above asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$385
Sale $/sq ft:$410
This property sold for $410 per square foot
Sale Summary
This property sold for 6.4% above the original asking price, indicating strong buyer demand.
With only 18 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
1980
Bedrooms
2
Full Bathrooms
1
Living Area
1,061 sq ft
Total Rooms
5
Stories
2
Entry Level
2
Interior Features
Flooring
Wood, Tile
Heating
Forced Air, Natural Gas
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Fireplace Features
Living Room
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Washer/Dryer, Range Hood
Laundry Features
Third Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Basement Details
N
Window Features
Insulated Windows
Exterior & Structure
Construction Materials
Frame
Roof
Shingle
Has Spa
No
Waterfront Features
Waterfront, 0 to 1/10 Mile To Beach
Waterfront Property
Yes
Lot & Land
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Assigned
Utilities & Systems
Utilities Available
for Electric Range, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Community Features
Public Transportation, Shopping, Park, Marina, T-Station
HOA Fee
$239
HOA Fee Frequency
Monthly
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$4,681
Tax Year
2024
Tax Assessed Value
$402,800
Parcel Number
2135912
Zoning
B5
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Building Name
Pickering Wharf Condominiums
Common Walls
Corner
Disclosures
Seller has never lived in property. Property sold AS IS. Will NOT qualify for conventional financing-Portfolio loans available with minimum of 25-30% down payment. One dog <40 lbs with mgt approval. Parking is assigned behind unit. Master policy includes Flood insurance.
Location
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Neighborhood
199 Derby Street # F1, 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$390
Homeowners Insurance$200
HOA Fee$239
PMI$0
Property History
Market Insights
6%
Price Range
19
Total Days on Market
Property Timeline
✓
Sold
Apr 3, 2024
$435,000
Property sold
Days on Market: 19
🏠
Listed for Sale
Mar 5, 2024
$409,000
Original listing
Agent: Pamela McKeeOffice: Keller Williams Realty Evolution
