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51 Lafayette St # 207, Salem MA 01970

Salem, MA 01970
$355,000
Est. $2,818/month
2
Beds
2
Baths
1,527
Sq Ft
$232
Price/Sq Ft
0.48
Acres
2004
Year Built
96
Days on Market
Closed Listed Mar 26, 2015 • MLS# 71807150 Copied!

About this home

Chic and sophisticated living in desirable Derby Lofts! This freshly painted 2 bedroom, 2 bath loft style condominium offers an open and spacious floor plan, hardwood floors, soaring ceilings, in-unit laundry, plenty of storage and a master walk-in closet. Brand new high efficiency gas hot water heater and new windows. Stroll outside to nearby parks, restaurants, shopping, museums, and all that downtown Salem has to offer. Minutes to Salem commuter rail.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2004
Bedrooms
2
Full Bathrooms
2
Living Area
1,527 sq ft
Total Rooms
4
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $369,000
Final Sale Price: $355,000
Difference: $14,000 (-3.8%)
Performance Metrics
96.2%
List to Sale Ratio
Sold below asking price
96
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $242
Sale $/sq ft: $232
This property sold for $232 per square foot
Sale Summary

This property sold for 3.8% below the original asking price.

At 96 days on market, this property took longer than average to sell.

Nearby Sales Comparison

Based on 21 similar properties sold within 0.5 miles in the last 90 days

This Property
$232/sq ft
Area Average
$357/sq ft
Difference
35.0%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2004
Living Area 1,527 sq ft
Lot Size 0.48 acres
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Wood
Appliances Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry Flooring - Wood, Second Floor, In Unit, Gas Dryer Hookup, Washer Hookup
Features None

Exterior

Construction None
Architecture None
Roof None
Features City View(s)
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 1
Has Garage Yes
Features Detached, Rented
Total Spaces 2

Utilities

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

Financial

Annual Tax $4,560
Assessed Value $277,900

Interior Features

Flooring: Wood
Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: Flooring - Wood, Second Floor, In Unit, Gas Dryer Hookup, Washer Hookup
Security: Concierge, Security System

Construction & Materials

Year Built: 2004
Structure Type: Garden, Mid-Rise
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: City View(s)
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 2
Parking Features: Detached, Rented

Special Features

View: Yes
View Type: City
Community Amenities: Public Transportation, Shopping, Park, Medical Facility, House of Worship, Public School, T-Station, University

Location

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Neighborhood

51 Lafayette St # 207, 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
0.9 mi
Grades PK-08
The Greenhouse School
1.5 mi
Grades PK-08
B-
Saltonstall School
0.5 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
0.8 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
C+
Bentley Academy Innovation School
0.9 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
0.9 mi
106 students Diverse
Diverse Student Body
Grades PK
C-
Horace Mann Laboratory School
1.2 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+
Bates School
1.2 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
B
Witchcraft Heights School
1.4 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
0.7 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
1.3 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 $380
Homeowners Insurance $200
HOA Fee $443/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

38.7%
Price Range
97
Total Days on Market
2
Previous Sales

Property Timeline

Current Active Listing - MLS #73508113
Full transaction history available when tracking began
🏡
Currently Listed
Apr 28, 2026
$579,000
MLS #73508113 - Active
Previous Transaction - MLS #73187515
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 8, 2024
$569,000
MLS #73187515
Previous Transaction - MLS #72171502
Full transaction history available when tracking began
🏷️
Previously Sold
Jul 31, 2017
$399,000
MLS #72171502
Sold
Jul 20, 2015
$355,000
Property sold
Days on Market: 97
🏠
Listed for Sale
Mar 26, 2015
$359,900
Original listing
Agent: Crowell & Frost Realty Group Office: J. Barrett & Company

Price & Status History

Date Event Price Change
Apr 28, 2026 Sold $579,000
Mar 8, 2024 Sold $569,000
Jul 31, 2017 Sold $399,000
Mar 26, 2015 New Listing Added $359,900

Market Statistics

Days on Market
96 days
Price per Sq Ft
$232

Tax History

Year Taxes Assessment
2015 $4,560 $277,900

Financial Details

Annual Property Tax
$4,560
Tax Year 2015
HOA Fee
$443
Monthly
Assessed Value
$277,900

Listing Information

Listing Agent Crowell & Frost Realty Group
Listing Office J. Barrett & Company
Agent MLS ID TEAM0492
Office MLS ID AC2087
Listing Data Updated Jul 20, 2015 2:56 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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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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