Dimensions6 x 9
FeaturesBathroom - Tiled With Tub
51 Lafayette Street # 609, Salem MA 01970
Salem, MA 01970
$425,000
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Sale Statistics
Sale Overview
Original List Price:
$445,000
Final Sale Price:
$425,000
Difference:
$20,000 (-4.5%)
Performance Metrics
95.5%
List to Sale Ratio
Sold below asking price
186
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft:
$293
Sale $/sq ft:
$280
This property sold for $280 per square foot
Sale Summary
This property sold for 4.5% below the original asking price.
At 186 days on market, this property took longer than average to sell.
Nearby Sales Comparison
Based on 37 similar properties sold within 0.5 miles in the last 90 days
This Property
$280/sq ft
Area Median
$443/sq ft
Difference
36.8%
This property sold below the area median, potentially representing good value for the buyer.
About this home
Derby Lofts – Rare to market corner penthouse unit, 1520 SF +161 SF balcony / deck - Experience Modern Sophisticated Loft Living in Downtown Salem only 5 blocks to commuter rail & 11 to Boston Harbor Ferry. Experience sweeping city views with 10'+ ceilings, tons of light & 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 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 shop, curios shop, pizza parlor, cosmetics store, hair salon/spa, coffee house within A&J artisan bakery. NEIGHBORHOOD - 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. - Fresh paint, newly sanded floors
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Recently Sold Nearby
Property History
Market Insights
41.4%
Price Range
117
Total Days on Market
1
Previous Sales
Property Timeline
Previous Transaction - MLS #73426999
Full transaction history available when tracking began
Previously Sold
Oct 17, 2025
$725,000
MLS #73426999
Sold
Sep 8, 2016
$425,000
Property sold
Days on Market: 117
Listed for Sale
Feb 12, 2016
$449,000
Original listing
Agent: Thomas Costagliola
Office: Experience Real Estate
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/17/2025 | 🏷️ Previously Sold | $725,000 | - | - | MLS #73426999 |
| 09/08/2016 | ✓ Sold | $425,000 | - | - | Property sold |
| 02/12/2016 | 🏠 Listed for Sale | $449,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2016 | $5,691 | $363,200 |
Financial Details
Annual Property Tax
$5,691
Tax Year 2016
HOA Fee
$559
Monthly
Assessed Value
$363,200
Facts & Features
2 Car Garage
Central AC
Home Facts
Type
Residential
Style
Condominium
Year Built
2003
Living Area
1,520 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, Plumbed For Ice Maker
Fireplace
None
Basement
N
Laundry
In Unit, Gas Dryer Hookup, Washer Hookup
Features
Closet, Entrance Foyer, Finish - Sheetrock
Exterior
Construction
Stone
Architecture
None
Roof
Rubber
Features
Deck, Balcony
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck
Parking
Garage Spaces
2
Has Garage
Yes
Features
Common, Leased
Total Spaces
4
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
$5,691
Assessed Value
$363,200
HOA & Community
HOA Fee
$559 Monthly
Fee Includes
Water, Sewer, Insurance, Maintenance Structure, Snow Removal, Trash, Reserve Funds
Amenities
Elevator(s)
Optional Fee Includes
None
Pets
Yes
MA Disclosures
Seller Disclosures
Listing Agent Was Senior Project Manager For The Development Team And Lives In The Building. The Developer Of 2003 Is The Seller.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["High-Rise"]
Unit/Building
609
Sq Ft Source
Master Deed
Sq Ft Disclosures
does not include balcony
Documents
Master Deed, Rules & Regs (2)
County
Essex
Total market time (incl. prior listings)
117 days
Property Overview
Property Type
Condominium
Listing Type
Sold
Year Built
2003
Bedrooms
2
Full Bathrooms
2
Living Area
1,520 sq ft
Total Rooms
4
Stories
1
Entry Level
6
Floor Layout
Interactive room guide
Floor Layout
Dimensions12 x 10
FeaturesFlooring - Hardwood, Window(s) - Picture, Countertops - Stone/Granite/Solid, Open Floorplan, Gas Stove
Dimensions5 x 8
FeaturesBathroom - Tiled With Tub
Dimensions10 x 14
FeaturesCloset, Flooring - Hardwood, Window(s) - Picture
Dimensions20 x 17
FeaturesFlooring - Hardwood, Window(s) - Picture, Balcony / Deck, Balcony - Exterior, High Speed Internet Hookup, Open Floorplan
Dimensions14 x 14
FeaturesBathroom - Full, Walk-In Closet(s), Flooring - Hardwood
FeaturesYes
Display Options
Outdoor Areas
Patio & porchDeck
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (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:
Wood, Tile, Hardwood, Engineered Hardwood
Appliances:
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Plumbed For Ice Maker
Interior Features:
Closet, Entrance Foyer, Finish - Sheetrock
Windows:
Basement:
N
Laundry:
In Unit, Gas Dryer Hookup, Washer Hookup
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:
Deck, Balcony
Patio & Porch:
Deck
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
4
Parking Features:
Common, 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
3 schools
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
The Phoenix School
0.9 mi
Grades PK-08
Middle Schools
3 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
A-
Marblehead Veterans Middle School
2.2 mi
|
#83 of 352
|
Score: 51.5
Dropped 30 spots from last year
-6.7 below state avg
411 students
Less Diverse
Grades 07-08
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
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Location
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Neighborhood
51 Lafayette Street # 609, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Office
Experience Real Estate
Office Phone
617-293-8293
Agent MLS ID
CT003167
Office MLS ID
AC1814
Listing Data Updated
Sep 9, 2016 3:44 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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