Awesome Derby Lofts unit in Downtown Historic Salem! This bright & airy 2nd floor condo w/massive windows boasting great downtown views epitomizes loft living. Enjoy the cosmopolitan lifestyle this location affords with museums, gourmet shops, bakeries, boutiques, fabulous restaurants and fun nightlife right outside your door!! The open layout kitchen boasts Brand New quartz countertops added to abundant maple cabinetry plus peninsula seating for 4+. The spacious living area w/exposed brick wall allows for a dining area as well. Newly refinished maple floors lighten the space as well as the freshly painted interior-creating a blank canvas for your creativity! The renovated main bath features an oversized glass shower & quartz vanity while the 2nd full bath features a pedestal sink - both w/tiled floors. BONUS: Pro closet organizers, enormous in-unit storage room w/laundry, shelving units, updated hvac & htwtr plus natural gas appliances & utilities. Commuter rail & ferry minutes away!!
Sale Statistics
Sale Overview
Original List Price:$589,000
Final Sale Price:$589,000
Difference:
+$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
28
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$362
Sale $/sq ft:$362
This property sold for $362 per square foot
Sale Summary
This property sold exactly at the asking price.
With only 28 days on market, this was a quick sale compared to typical market conditions.
Dryer Hookup - Electric, Washer Hookup, Second Floor, In Unit
Basement Details
Y
Exterior & Structure
Construction Materials
Brick
Has Spa
No
Waterfront Features
3/10 to 1/2 Mile To Beach
Waterfront Property
No
Lot & Land
Parking & Garage
Garage Spaces
1
Has Garage
Yes
Attached Garage
No
Has Carport
No
Parking Features
Detached, Leased
Covered Parking Spaces
1
Utilities & Systems
Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Community Features
Public Transportation, Shopping, Park, Marina, T-Station
HOA Fee
$446
HOA Fee Frequency
Monthly
Association Amenities
Elevator(s)
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$5,679
Tax Year
2024
Tax Assessed Value
$488,700
Parcel Number
4592011
Zoning
B1
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Building Name
Derby Lofts
Common Walls
2+ Common Walls
Attached Property
Yes
Disclosures
Parking is leased through condo assoc in city garage-seller will supply through 4/2025-then $270/yr (or Sr citiz rate) Special Assessment will be paid by SELLER prior to closing. Pet friendly! Leasing limited to 1 yr minimum lease. Mixed use building:54 residential & 6 commercial units
Location
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Neighborhood
51 Lafayette Street # 209, 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$473
Homeowners Insurance$200
HOA Fee$446
PMI$0
Property History
Market Insights
66
Total Days on Market
Property Timeline
✓
Sold
Dec 20, 2024
$589,000
Property sold
Days on Market: 66
🏠
Listed for Sale
Nov 6, 2024
$589,000
Original listing
Agent: Pamela McKeeOffice: Keller Williams Realty Evolution
