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51 Lafayette Street # 207, Salem MA 01970

Salem, MA 01970
$399,000
Est. $3,088/month
2
Beds
2
Baths
1,527
Sq Ft
$261
Price/Sq Ft
0.48
Acres
2003
Year Built
3
Days on Market
Closed Listed May 27, 2017 • MLS# 72171502 Copied!

About this home

Derby Lofts – 2nd floor south facing unit - Experience 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, 2 Full Baths (1 Ensuite), maple kitchen cabinets, granite counters, stainless steel finish kitchen appliances, high efficiency HVAC, in-unit Washer & Dryer. BUILDING - Two high speed elevators, gated drive-through and entrances on two streets. Easy living at its best, central sky lit atrium and meeting space. FIRST FLOOR SHOPS - cheese-wine 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
1,527 sq ft
Total Rooms
4
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $399,000
Final Sale Price: $399,000
Difference: +$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
3
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $261
Sale $/sq ft: $261
This property sold for $261 per square foot
Sale Summary

This property sold exactly at the asking price.

With only 3 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 19 similar properties sold within 0.5 miles in the last 90 days

This Property
$261/sq ft
Area Average
$332/sq ft
Difference
21.4%

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 2003
Living Area 1,527 sq ft
Lot Size 0.48 acres
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Central, Forced Air, Natural Gas, Energy Star Qualified Equipment
Cooling Central Air, Energy Star Qualified Equipment
Flooring Wood, Tile, Hardwood, Engineered 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, Entrance Foyer, Finish - Sheetrock

Exterior

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

Parking

Garage Spaces 1
Has Garage Yes
Features Common, Leased
Total Spaces 2

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 $5,129
Assessed Value $323,400

Interior Features

Flooring: Wood, Tile, Hardwood, Engineered Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Interior Features: Closet, Entrance Foyer, Finish - Sheetrock
Windows: Insulated Windows
Basement: N
Laundry: Gas Dryer Hookup, Washer Hookup, In Unit
Security: Intercom

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Central, Forced Air, Natural Gas, ENERGY STAR Qualified Equipment
Heating Zones: 1
Cooling: Central Air, ENERGY STAR Qualified Equipment
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: 1
Total Parking Spaces: 2
Parking Features: Common, Leased

Location

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Neighborhood

51 Lafayette Street # 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
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 $427
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
5
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
Sold
Jul 31, 2017
$399,000
Property sold
Days on Market: 5
🏠
Listed for Sale
May 27, 2017
$399,000
Original listing
Agent: Thomas Costagliola Office: Experience Real Estate
Previous Transaction - MLS #71807150
Full transaction history available when tracking began
🏷️
Previously Sold
Jul 20, 2015
$355,000
MLS #71807150

Price & Status History

Date Event Price Change
Apr 28, 2026 Sold $579,000
Mar 8, 2024 Sold $569,000
May 27, 2017 New Listing Added $399,000
Jul 20, 2015 Sold $355,000

Market Statistics

Days on Market
3 days
Price per Sq Ft
$261

Tax History

Year Taxes Assessment
2017 $5,129 $323,400

Financial Details

Annual Property Tax
$5,129
Tax Year 2017
HOA Fee
$443
Monthly
Assessed Value
$323,400

Listing Information

Listing Agent Thomas Costagliola
Listing Office Experience Real Estate
Agent MLS ID CT003167
Office MLS ID AC1814
Listing Data Updated Aug 3, 2017 11:02 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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