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51 Lafayette St # 304, Salem MA 01970

Salem, MA 01970
$440,000
Est. $3,373/month
2
Beds
2
Baths
1,620
Sq Ft
$272
Price/Sq Ft
0.48
Acres
2003
Year Built
46
Days on Market
Closed Listed May 17, 2018 • MLS# 72329814 Copied!

About this home

Sunny, Water View, Corner Unit in Derby Lofts - Modern Sophisticated Loft Living in Downtown Salem only 5 blocks to commuter rail & 11 to Boston Harbor Ferry. Experience 12' coffered ceilings, tall windows, maple floors, 2 Bedrooms, ample closets, 2 Full Baths (1 Ensuite), cherry kitchen cabinets, granite counters, stainless steel finish kitchen appliances, high efficiency HVAC, in unit Washer & Dryer. BUILDING - Two high speed elevators, gated drivethrough and entrances on two streets. Easy living at its best, central sky lit atrium and meeting space. FIRST FLOOR SHOPS cheese & wine shop, curios shop, pizza parlor, cosmetics store, chocolate shop, hair salon/spa, coffee house within A&J artisan bakery. NEIGHBORHOOD - 70 restaurants, museums Peabody Essex, national landmarks, Arts & Music Venues, 1 mile river and harbor walk along water's edge to Derby Wharf Light. Experience Derby Lofts in the center of Destination Salem. Excellently maintained.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2003
Bedrooms
2
Full Bathrooms
2
Living Area
1,620 sq ft
Total Rooms
4
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $449,000
Final Sale Price: $440,000
Difference: $9,000 (-2.0%)
Performance Metrics
98.0%
List to Sale Ratio
Sold below asking price
46
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $277
Sale $/sq ft: $272
This property sold for $272 per square foot
Sale Summary

This property sold for 2.0% below the original asking price.

The property spent 46 days on market before selling.

Nearby Sales Comparison

Based on 15 similar properties sold within 0.5 miles in the last 90 days

This Property
$272/sq ft
Area Average
$331/sq ft
Difference
17.7%

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

Facts & Features

2 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2003
Living Area 1,620 sq ft
Lot Size 0.48 acres
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Forced Air, Natural Gas
Cooling Central Air, Individual
Flooring Tile, Hardwood, Engineered Hardwood, Flooring - Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Fireplace None
Basement N
Laundry Gas Dryer Hookup, Washer Hookup, In Unit
Features Closet, Closet - Linen, Entry Hall, Finish - Sheetrock

Exterior

Construction Stone
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 2
Has Garage Yes
Features Common, Paved, Leased
Total Spaces 4

Utilities

Electric 110 Volts, Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven, For Gas Dryer, Washer Hookup, Icemaker Connection

Financial

Annual Tax $5,368
Assessed Value $349,000

Interior Features

Flooring: Tile, Hardwood, Engineered Hardwood, Flooring - Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Interior Features: Closet, Closet - Linen, Entry Hall, Finish - Sheetrock
Windows:
Basement: N
Laundry: Gas Dryer Hookup, Washer Hookup, In Unit
Security: Intercom, TV Monitor, Security Gate

Construction & Materials

Year Built: 2003
Structure Type: High-Rise
Exterior Materials: Stone
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

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

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 2
Total Parking Spaces: 4
Parking Features: Common, Paved, Leased

Location

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Neighborhood

51 Lafayette St # 304, Salem MA 01970

Salem, MA 01970

Walkability

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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 $447
Homeowners Insurance $200
HOA Fee $501/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

25.3%
Price Range
49
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73387368
Full transaction history available when tracking began
🏷️
Previously Sold
Oct 1, 2025
$589,000
MLS #73387368
Sold
Aug 13, 2018
$440,000
Property sold
Days on Market: 49
🏠
Listed for Sale
May 17, 2018
$449,000
Original listing
Agent: Thomas Costagliola Office: Experience Real Estate

Price & Status History

Date Event Price Change
Oct 1, 2025 Sold $589,000
May 17, 2018 New Listing Added $449,000

Market Statistics

Days on Market
46 days
Price per Sq Ft
$272

Tax History

Year Taxes Assessment
2018 $5,368 $349,000

Financial Details

Annual Property Tax
$5,368
Tax Year 2018
HOA Fee
$501
Monthly
Assessed Value
$349,000

Listing Information

Agent MLS ID CT003167
Office MLS ID AC1814
Listing Data Updated Aug 14, 2018 6:02 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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