BMN Boston

Get our mobile app!

Download on the App Store

51 Lafayette St # 610, Salem MA 01970

Salem, MA 01970
$485,000
Est. $3,459/month
2
Beds
1
Baths
1,000
Sq Ft
$485
Price/Sq Ft
0.48
Acres
2003
Year Built
135
Days on Market
Closed Listed May 14, 2024 • MLS# 73237685 Copied!

About this home

Penthouse living in the heart of Downtown Salem at Derby Lofts, be just steps away from the picturesque waterfront, museums, restaurants, shops, cafes & nightlife. As you enter this open-concept loft you are greeted with soaring ceilings, oversized windows and hardwood flrs that effortlessly blend the perfect living space with spectacular views and westward sunsets. Granite and SS Kitchen, Central Air, In-unit laundry and ample storage are all included in this great opportunity. Professionally managed building with elevator access, Drive-thru exclusive drop off for residents only & a welcoming pet friendly association make you feel right at home!

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
2003
Bedrooms
2
Full Bathrooms
1
Living Area
1,000 sq ft
Total Rooms
3
Stories
1
Entry Level
6

Sale Statistics

Sale Overview
Original List Price: $516,000
Final Sale Price: $485,000
Difference: $31,000 (-6.0%)
Performance Metrics
94.0%
List to Sale Ratio
Sold below asking price
135
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $516
Sale $/sq ft: $485
This property sold for $485 per square foot
Sale Summary

This property sold for 6.0% below the original asking price.

At 135 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
$485/sq ft
Area Average
$344/sq ft
Difference
+41.1%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2003
Living Area 1,000 sq ft
Lot Size 0.48 acres
Bedrooms 2
Full Baths 1
Total Rooms 3

Interior

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

Exterior

Construction Brick
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Common, Leased
Total Spaces 1

Utilities

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

Financial

Annual Tax $4,804
Assessed Value $413,400

Interior Features

Flooring: Hardwood, Wood Laminate
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: First Floor, In Unit
Security: Intercom, Security Gate

Construction & Materials

Year Built: 2003
Structure Type: Garden, Mid-Rise
Exterior Materials: Brick
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Cooling: Central Air
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

Total Parking Spaces: 1
Parking Features: Common, Leased

Location

Loading map...

Neighborhood

51 Lafayette St # 610, Salem MA 01970

Salem, MA 01970

Walkability

Loading Walk Score...

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
0.4 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
Learn about these ratings

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 $400
Homeowners Insurance $200
HOA Fee $406/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%
Price Range
137
Total Days on Market

Property Timeline

Sold
Oct 16, 2024
$485,000
Property sold
Days on Market: 137
🏠
Listed for Sale
May 14, 2024
$484,900
Original listing
Agent: Zoe Karademos Office: Coldwell Banker Realty - Beverly

Price & Status History

Date Event Price Change
May 14, 2024 New Listing Added $484,900

Market Statistics

Days on Market
135 days
Price per Sq Ft
$485

Tax History

Year Taxes Assessment
2024 $4,804 $413,400

Financial Details

Annual Property Tax
$4,804
Tax Year 2024
HOA Fee
$406
Per month
Assessed Value
$413,400

Listing Information

Listing Agent Zoe Karademos
Listing Office Coldwell Banker Realty - Beverly
Agent MLS ID C8000311
Office MLS ID AN6191
Listing Data Updated Oct 16, 2024 3:13 PM EDT
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

51 Lafayette St # 610, Salem MA 01970 - Photo 1 51 Lafayette St # 610, Salem MA 01970 - Photo 2 51 Lafayette St # 610, Salem MA 01970 - Photo 3 51 Lafayette St # 610, Salem MA 01970 - Photo 4 51 Lafayette St # 610, Salem MA 01970 - Photo 5 51 Lafayette St # 610, Salem MA 01970 - Photo 6 51 Lafayette St # 610, Salem MA 01970 - Photo 7 51 Lafayette St # 610, Salem MA 01970 - Photo 8 51 Lafayette St # 610, Salem MA 01970 - Photo 9 51 Lafayette St # 610, Salem MA 01970 - Photo 10 51 Lafayette St # 610, Salem MA 01970 - Photo 11 51 Lafayette St # 610, Salem MA 01970 - Photo 12 51 Lafayette St # 610, Salem MA 01970 - Photo 13 51 Lafayette St # 610, Salem MA 01970 - Photo 14 51 Lafayette St # 610, Salem MA 01970 - Photo 15 51 Lafayette St # 610, Salem MA 01970 - Photo 16 51 Lafayette St # 610, Salem MA 01970 - Photo 17 51 Lafayette St # 610, Salem MA 01970 - Photo 18 51 Lafayette St # 610, Salem MA 01970 - Photo 19 51 Lafayette St # 610, Salem MA 01970 - Photo 20 51 Lafayette St # 610, Salem MA 01970 - Photo 21 51 Lafayette St # 610, Salem MA 01970 - Photo 22 51 Lafayette St # 610, Salem MA 01970 - Photo 23 51 Lafayette St # 610, Salem MA 01970 - Photo 24 51 Lafayette St # 610, Salem MA 01970 - Photo 25 51 Lafayette St # 610, Salem MA 01970 - Photo 26 51 Lafayette St # 610, Salem MA 01970 - Photo 27 51 Lafayette St # 610, Salem MA 01970 - Photo 28 51 Lafayette St # 610, Salem MA 01970 - Photo 29 51 Lafayette St # 610, Salem MA 01970 - Photo 30 51 Lafayette St # 610, Salem MA 01970 - Photo 31 51 Lafayette St # 610, Salem MA 01970 - Photo 32 51 Lafayette St # 610, Salem MA 01970 - Photo 33 51 Lafayette St # 610, Salem MA 01970 - Photo 34
BMN Boston Real Estate

BMN Boston Real Estate

Douglas Elliman

Your message will be sent to BMN Boston Real Estate.

Schedule a Tour