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51 Lafayette St # 304, Salem MA 01970

Salem, MA 01970
$440,000
2
Beds
2
Baths
1,620
Sq Ft
$272
Price/Sq Ft
0.48
Acres
2003
Year Built
2
Garage Spaces
46
Days on Market
Closed Listed May 17, 2018 • MLS# 72329814 Copied! • Updated Aug 14, 2018

Sale Statistics

Sale Overview
Original List Price: $449,000
Final Sale Price: $440,000
Difference: $9,000 (-2.0%)
Performance Metrics
98.0%
List to Sale Ratio
Sold below asking price
46
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $277
Sale $/sq ft: $272
This property sold for $272 per square foot
Sale Summary

This property sold for 2.0% below the original asking price.

The property spent 46 days on market before selling.

Nearby Sales Comparison

Based on 13 similar properties sold within 0.5 miles in the last 90 days

This Property
$272/sq ft
Area Average
$222/sq ft
Difference
+22.5%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

About this home

Sunny, Water View, Corner Unit in Derby Lofts - 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, ample closets, 2 Full Baths (1 Ensuite), cherry kitchen cabinets, granite counters, stainless steel finish kitchen appliances, high efficiency HVAC, in unit Washer & Dryer. BUILDING - Two high speed elevators, gated drivethrough and entrances on two streets. Easy living at its best, central sky lit atrium and meeting space. FIRST FLOOR SHOPS cheese & wine shop, curios 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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Recently Sold Nearby

Property History

Market Insights

25.3%
Price Range
49
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73387368
Full transaction history available when tracking began
🏷️
Previously Sold
Oct 1, 2025
$589,000
MLS #73387368
Sold
Aug 13, 2018
$440,000
Property sold
Days on Market: 49
🏠
Listed for Sale
May 17, 2018
$449,000
Original listing
Agent: Thomas Costagliola Office: Experience Real Estate

Tax History

Year Taxes Assessment
2018 $5,368 $349,000

Financial Details

Annual Property Tax
$5,368
Tax Year 2018
HOA Fee
$501
Monthly
Assessed Value
$349,000

Facts & Features

2 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2003
Living Area 1,620 sq ft
Lot Size 0.48 acres
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Forced Air, Natural Gas
Cooling Central Air, Individual
Flooring Tile, Hardwood, Engineered Hardwood, Flooring - 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, Closet - Linen, Entry Hall, Finish - Sheetrock

Exterior

Construction Stone
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Garage Spaces 2
Has Garage Yes
Features Common, Paved, Leased
Total Spaces 4
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
Annual Tax $5,368
Assessed Value $349,000

HOA & Community

HOA Fee $501 Monthly
Fee Includes Water, Sewer, Insurance, Maintenance Structure, Snow Removal, Trash, Reserve Funds
Amenities Elevator(s)
Optional Fee Includes None
Pets Yes
Seller Disclosures Building Had $374, 685 Of Reserves As Of 3/31/18. Unit Comes With 2 Parking Passes For The South Harbor Garage @ A Cost Of $270 Each / Year, $200 For Seniors. Listing Agent Was Senior Project Manager For The Development Team And Lives In The Building. The Developer Of 2003 Is The Seller.
Possession None
Accepted Financing None
Structure Type ["High-Rise"]
Unit/Building 304
Sq Ft Source Master Deed
Documents None
County Essex
Total market time (incl. prior listings) 49 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2003
Bedrooms
2
Full Bathrooms
2
Living Area
1,620 sq ft
Total Rooms
4
Stories
1
Entry Level
3

Room Details

Other Floor

Bathroom1
5 x 10
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Bedroom5
Bedroom4
Bedroom3
Dining Room
13 x 14
Flooring - Hardwood, Open Floorplan
Kitchen
9 x 11
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Open Floorplan, Gas Stove, Peninsula
Bathroom2
5 x 8
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Bedroom2
9 x 12
Closet, Flooring - Hardwood
Living Room
17 x 20
Flooring - Hardwood, Cable Hookup, High Speed Internet Hookup, Open Floorplan
Bathroom3
Master Bedroom
10 x 17
Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood
Office
Family Room
Master Bathroom
Yes

Interior Features

Flooring: Tile, Hardwood, Engineered Hardwood, Flooring - Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Interior Features: Closet, Closet - Linen, Entry Hall, Finish - Sheetrock
Windows:
Basement: N
Laundry: Gas Dryer Hookup, Washer Hookup, In Unit
Security: Intercom, TV Monitor, Security Gate

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air, Individual
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: 2
Total Parking Spaces: 4
Parking Features: Common, Paved, Leased
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

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
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
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Location

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Neighborhood

51 Lafayette St # 304, Salem MA 01970

Salem, MA 01970

Listing Information

Agent MLS ID CT003167
Office MLS ID AC1814
Listing Data Updated Aug 14, 2018 6:02 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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