Dimensions10 x 6
FeaturesBathroom - Full, Flooring - Stone/Ceramic Tile
LevelFirst
51 Lafayette Street # 606, Salem MA 01970
Salem, MA 01970
$649,000
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Sale Statistics
Sale Overview
Original List Price:
$649,000
Final Sale Price:
$649,000
Difference:
+$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
17
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:
$519
Sale $/sq ft:
$519
This property sold for $519 per square foot
Sale Summary
This property sold exactly at the asking price.
With only 17 days on market, this was a quick sale compared to typical market conditions.
Nearby Sales Comparison
Based on 47 similar properties sold within 0.5 miles in the last 90 days
This Property
$519/sq ft
Area Median
$467/sq ft
Difference
+11.1%
This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.
About this home
Perched above the heart of Historic Salem in the desirable Derby Lofts, you will find this exceptional penthouse unit with stunning water views. This sophisticated residence showcases 2 spacious bedrooms and 2 full baths, soaring ceilings, exposed ductwork, an airy open-concept design living space, with walls of windows that fill the home with incredible natural light. The stylish urban feel blends perfectly with the warmth & comfort of this unique residence. Updates include a New Top of the line Bosch HVAC system and Navien high efficiency tankless water heater in 2023. Step outside onto the expansive private balcony, take in the incredible view while enjoying morning coffee or evening cocktails, a great spot to unwind! Derby Lofts is a pet friendly, elevator equipped building. Just moments from the Waterfront, Peabody Essex Museum, boutique shopping, exceptional restaurants, MBTA commuter rail and so much more! This fabulous Penthouse delivers the ultimate downtown coastal lifestyle!
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Property History
Market Insights
17.4%
Price Range
19
Total Days on Market
1
Previous Sales
Property Timeline
Sold
Jul 24, 2026
$649,000
Property sold
Days on Market: 19
Status: Active under contract
Jun 9, 2026
Active → Active Under Contract
Pending Sale
Jun 9, 2026
Offer accepted, sale pending
Listed for Sale
Jun 4, 2026
$649,000
Original listing
Agent: The Stead Team
Office: Gibson Sotheby's International Realty
Listed for Sale
Jun 4, 2026
$649,000
Original listing
Agent: The Stead Team
Office: Gibson Sotheby's International Realty
Previous Transaction - MLS #72917923
Full transaction history available when tracking began
Previously Sold
Jan 7, 2022
$536,000
MLS #72917923
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/24/2026 | ✓ Sold | $649,000 | - | - | Property sold |
| 06/09/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 06/09/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 06/04/2026 | 🏠 Listed for Sale | $649,000 | - | - | Original listing |
| 06/04/2026 | 🏠 Listed for Sale | $649,000 | - | - | Original listing |
| 01/07/2022 | 🏷️ Previously Sold | $536,000 | - | - | MLS #72917923 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $5,976 | $527,000 |
Financial Details
Annual Property Tax
$5,976
Tax Year 2025
HOA Fee
$636
Monthly
Assessed Value
$527,000
Facts & Features
Central AC
Home Facts
Type
Residential
Style
Condominium
Year Built
2003
Living Area
1,250 sq ft
Bedrooms
2
Full Baths
2
Total Rooms
4
Interior
Heating
Forced Air, Natural Gas, Unit Control
Cooling
Central Air
Flooring
Tile, Hardwood, Flooring - Hardwood
Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace
None
Basement
N
Laundry
First Floor, In Unit
Features
Closet, Entrance Foyer
Exterior
Construction
Stone
Architecture
None
Roof
Tar/gravel, Rubber
Features
Balcony
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Leased
Total Spaces
2
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$5,976
Assessed Value
$527,000
HOA & Community
HOA Fee
$636 Monthly
Fee Includes
Water, Sewer, Insurance, Maintenance Structure, Snow Removal
Amenities
Elevator(s)
Optional Fee Includes
None
Pets
Yes
MA Disclosures
Seller Disclosures
Parking Is In City Garage And Rented. 2 In/out Passes- $540/year. Buyers To Do Their Own Due Diligence To Verify All Information. Listing Agent Is Related To Seller.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["Garden"]
Unit/Building
606
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
19 days
Property Overview
Property Type
Condominium
Listing Type
Sold
Year Built
2003
Bedrooms
2
Full Bathrooms
2
Living Area
1,250 sq ft
Total Rooms
4
Stories
1
Entry Level
6
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,250 sq ft above grade
Dimensions11 x 8
FeaturesFlooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island
LevelFirst
Dimensions9 x 5
FeaturesBathroom - Full, Flooring - Stone/Ceramic Tile
LevelFirst
Dimensions13 x 11
FeaturesCloset, Flooring - Hardwood
LevelFirst
Dimensions23 x 13
FeaturesFlooring - Hardwood, Deck - Exterior
LevelFirst
Dimensions18 x 13
FeaturesBathroom - Full, Closet, Flooring - Hardwood
LevelFirst
FeaturesYes
Display Options
Room Markers
BABathroom (3)
KKitchen (1)
BRBedroom (2)
LLiving (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Tile, Hardwood, Flooring - Hardwood
Appliances:
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Closet, Entrance Foyer
Windows:
Basement:
N
Laundry:
First Floor, In Unit
Security:
Intercom
Construction & Materials
Year Built:
2003
Structure Type:
Garden
Exterior Materials:
Stone
Roof:
Tar/Gravel, Rubber
Foundation:
Stories:
1
Heating, Cooling & Utilities
Heating:
Forced Air, Natural Gas, Unit Control
Cooling:
Central Air
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
2
Parking Features:
Leased
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
Elementary Schools
9 schools
The Phoenix School
0.9 mi
Grades PK-08
The Greenhouse School
1.5 mi
Grades PK-08
C+
Saltonstall School
0.5 mi
|
#526 of 825
|
Score: 43.9
Improved 42 spots from last year
-14.3 below state avg
267 students
Diverse
Rising School
Diverse Student Body
Strong Attendance
Grades K-05
B-
Carlton School
0.8 mi
|
#470 of 825
|
Score: 45.5
Dropped 49 spots from last year
-12.7 below state avg
249 students
Diverse
Diverse Student Body
Grades K-05
C+
Bentley Academy Innovation School
0.9 mi
|
#532 of 825
|
Score: 43.7
Improved 179 spots from last year
-14.5 below state avg
277 students
Moderate
Rising School
Grades PK-05
Salem Early Childhood School
0.9 mi
107 students
Diverse
Diverse Student Body
Grades PK
C
Horace Mann Laboratory School
1.2 mi
|
#653 of 825
|
Score: 38.1
Improved 68 spots from last year
-20.1 below state avg
320 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B+
Bates School
1.2 mi
|
#318 of 825
|
Score: 50.0
Improved 261 spots from last year
-8.2 below state avg
415 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.4 mi
|
#339 of 825
|
Score: 49.4
Improved 211 spots from last year
-8.8 below state avg
465 students
Diverse
Rising School
Diverse Student Body
Grades K-05
Middle Schools
1 school
B-
Collins Middle School
0.7 mi
|
#203 of 352
|
Score: 40.3
Improved 76 spots from last year
-17.9 below state avg
753 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
2 schools
B+
Salem Academy Charter School
0.4 mi
|
#141 of 346
|
Score: 57.0
Improved 95 spots from last year
-1.2 below state avg
477 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B+
Salem High School
1.3 mi
|
#124 of 346
|
Score: 58.3
Dropped 4 spots from last year
+0.1 above state avg
960 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
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Location
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Neighborhood
51 Lafayette Street # 606, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
The Stead Team
Listing Office
Gibson Sotheby's International Realty
Office Phone
978-255-3569
Agent MLS ID
TM340632
Office MLS ID
AN7944
Listing Data Updated
Jul 24, 2026 4:24 PM 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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