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51 Lafayette Street # 209, Salem MA 01970

Salem, MA 01970
$589,000
Est. $4,098/month
2
Beds
2
Baths
1,627
Sq Ft
$362
Price/Sq Ft
2003
Year Built
28
Days on Market
Closed Listed Nov 6, 2024 • MLS# 73310118 Copied!

About this home

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!!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2003
Bedrooms
2
Full Bathrooms
2
Living Area
1,627 sq ft
Total Rooms
5
Stories
1
Entry Level
2

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.

Nearby Sales Comparison

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

This Property
$362/sq ft
Area Average
$344/sq ft
Difference
+5.3%

This property sold slightly above the area average for similar homes.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2003
Living Area 1,627 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Forced Air, Natural Gas, Hydro Air
Cooling Central Air
Flooring Wood, Tile
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer
Fireplace None
Basement Y
Laundry Dryer Hookup - Electric, Washer Hookup, Second Floor, In Unit
Features Closet/cabinets - Custom Built

Exterior

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

Parking

Garage Spaces 1
Has Garage Yes
Features Detached, Leased
Total Spaces 1

Utilities

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

Financial

Annual Tax $5,679
Assessed Value $488,700

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer
Interior Features: Closet/Cabinets - Custom Built
Windows:
Basement: Y
Laundry: Dryer Hookup - Electric, Washer Hookup, Second Floor, In Unit
Security:

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas, Hydro Air
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

Garage Spaces: 1
Total Parking Spaces: 1
Parking Features: Detached, Leased

Location

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Neighborhood

51 Lafayette Street # 209, 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

3 schools
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
The Phoenix School
0.9 mi
Grades PK-08
M

Middle Schools

2 schools
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
B+
Village School
1.8 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
H

High Schools

3 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
Bishop Fenwick High School
1.7 mi
17 sports • 1,390 athletes
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 $473
Homeowners Insurance $200
HOA Fee $446/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

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 McKee Office: Keller Williams Realty Evolution

Price & Status History

Date Event Price Change
Nov 6, 2024 New Listing Added $589,000

Market Statistics

Days on Market
28 days
Price per Sq Ft
$362

Tax History

Year Taxes Assessment
2024 $5,679 $488,700

Financial Details

Annual Property Tax
$5,679
Tax Year 2024
HOA Fee
$446
Monthly
Assessed Value
$488,700

Listing Information

Listing Office Keller Williams Realty Evolution
Agent MLS ID CT009727
Office MLS ID C95098
Listing Data Updated Dec 23, 2024 10:03 AM EST
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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