225 Derby St # 503, Salem MA 01970

Salem, MA 01970
$610,000
Est. $3,247/month
1
Beds
1.5
Baths
1,151
Sq Ft
$530
Price/Sq Ft
0.91
Acres
2004
Year Built
Condominium
Type
146
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73188067

About this home

Welcome Home! Enjoy luxury living with this sun-drenched, open, spacious condo boasting panoramic harbor views atop the Salem Waterfront Hotel and Suites. Your reserved parking spot is close to the lobby and elevator. Experience the charm of Downtown Salem and the convenience of Pickering Wharf's shops and restaurants right at your doorstep. The one-bedroom, one-and-a-half-bath condo features central air, granite countertops, an in-unit washer and dryer, and power shades. Your residence includes access to hotel amenities, including a heated pool. Revel in the mesmerizing water views that extend over Salem Harbor to the South Channel and beyond. Immerse yourself in the best of Salem's offerings within arm's reach. Seize the opportunity to make this remarkable condo and Salem living your own. Schedule your visit now to experience it firsthand.

Sale Statistics

Sale Overview
Original List Price: $639,000
Final Sale Price: $610,000
Difference: $29,000 (-4.5%)
Performance Metrics
95.5%
List to Sale Ratio
Sold below asking price
146
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $555
Sale $/sq ft: $530
This property sold for $530 per square foot
Sale Summary

This property sold for 4.5% below the original asking price.

At 146 days on market, this property took longer than average to sell.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
2004
Bedrooms
1
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,151 sq ft
Total Rooms
3
Stories
1
Entry Level
5

Interior Features

Flooring
Tile, Carpet, Hardwood
Heating
Forced Air, Natural Gas
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Laundry Features
In Unit
Basement Details
N

Exterior & Structure

Construction Materials
Stone
Has Spa
No
Pool Features
Association, Indoor
Waterfront Features
Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.91 acres
Lot Size
39,648 sq ft
Lot Size Area
0.9100

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Off Street, Assigned

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Security Features
Intercom, TV Monitor, Security System
Energy Efficient Features
Thermostat

Community & HOA

Community Features
Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Bike Path, Marina, Public School, T-Station
HOA Fee
$413
HOA Fee Frequency
Monthly
Association Amenities
Pool, Elevator(s)
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$7,220
Tax Year
2023
Tax Assessed Value
$577,100
Parcel Number
M:34 L:0446 S:904,4638809
Zoning
B5

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Building Name
The Salem Waterfront Hotel And Suites
Attached Property
Yes
Disclosures
Buyers and Buyer's agents need to perform their own due diligence. Audio / Video recording on premises.

Location

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Neighborhood

225 Derby St # 503, 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 $602
Homeowners Insurance $200
HOA Fee $413
PMI $0

Property History

Market Insights

3.8%
Price Range
147
Total Days on Market

Property Timeline

Sold
May 30, 2024
$610,000
Property sold
Days on Market: 147
🏠
Listed for Sale
Dec 18, 2023
$634,000
Original listing
Agent: Chris LeVasseur Office: Keller Williams Realty Evolution

Price & Status History

Date Event Price Change
Dec 18, 2023 New Listing Added $634,000

Market Statistics

Days on Market
146 days
Price per Sq Ft
$530

Tax History

Year Taxes Assessment
2023 $7,220 $577,100

Financial Details

Annual Property Tax
$7,220
Tax Year 2023
HOA Fee
$413
Monthly
Assessed Value
$577,100

Listing Information

Listing Agent Chris LeVasseur
Listing Office Keller Williams Realty Evolution
Agent MLS ID CN241382
Office MLS ID C95098

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