Dimensions5 x 10
FeaturesBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
51 Lafayette St # 304, Salem MA 01970
Salem, MA 01970
$440,000
Track this home for price, status, and open-house alerts.
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 37 similar properties sold within 0.5 miles in the last 90 days
This Property
$272/sq ft
Area Median
$443/sq ft
Difference
38.6%
This property sold below the area median, potentially representing good value for the buyer.
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.
View in the App
Save this property, schedule tours instantly, and get alerts when the price drops
Scan with phone
Public Records & Permits
Log in to view assessor & tax records, ownership history, and recent building permits for this property.
BMN Estimate
Get the number an algorithm can't give you
A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.
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
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/01/2025 | 🏷️ Previously Sold | $589,000 | - | - | MLS #73387368 |
| 08/13/2018 | ✓ Sold | $440,000 | - | - | Property sold |
| 05/17/2018 | 🏠 Listed for Sale | $449,000 | - | - | Original listing |
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
Parking
Garage Spaces
2
Has Garage
Yes
Features
Common, Paved, 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
$5,368
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
MA Disclosures
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.
Additional Details
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
Sold
Year Built
2003
Bedrooms
2
Full Bathrooms
2
Living Area
1,620 sq ft
Total Rooms
4
Stories
1
Entry Level
3
Floor Layout
Interactive room guide
Floor Layout
Dimensions13 x 14
FeaturesFlooring - Hardwood, Open Floorplan
Dimensions9 x 11
FeaturesFlooring - Hardwood, Countertops - Stone/Granite/Solid, Open Floorplan, Gas Stove, Peninsula
Dimensions5 x 8
FeaturesBathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Dimensions9 x 12
FeaturesCloset, Flooring - Hardwood
Dimensions17 x 20
FeaturesFlooring - Hardwood, Cable Hookup, High Speed Internet Hookup, Open Floorplan
Dimensions10 x 17
FeaturesBathroom - Full, Walk-In Closet(s), Flooring - Hardwood
FeaturesYes
Display Options
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:
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
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
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
C+
Bentley Academy Innovation School
0.9 mi
|
#568 of 824
|
Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students
Moderate
Rising School
Grades PK-05
Salem Early Childhood School
0.9 mi
106 students
Diverse
Diverse Student Body
Grades PK
C-
Horace Mann Laboratory School
1.2 mi
|
#671 of 824
|
Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B+
Bates School
1.2 mi
|
#325 of 824
|
Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.4 mi
|
#388 of 824
|
Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students
Diverse
Rising School
Diverse Student Body
Grades K-05
Middle Schools
1 school
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
High Schools
2 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
Learn about these ratings
Location
Loading map...
Neighborhood
51 Lafayette St # 304, 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
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.
Contact Us
Ask about this property — free, no obligation.
Similar Homes for Sale
Comparable Properties
Customize Comparable Search
Finding comparable properties...
Loading market insights for Salem.