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51 Lafayette Street # 606, Salem MA 01970

Salem, MA 01970
$536,000
2
Beds
2
Baths
1,250
Sq Ft
$429
Price/Sq Ft
2003
Year Built
1
Garage Space
11
Days on Market
Closed Listed Nov 9, 2021 • MLS# 72917923 Copied! • Updated Jan 7, 2022

Sale Statistics

Sale Overview
Original List Price: $549,000
Final Sale Price: $536,000
Difference: $13,000 (-2.4%)
Performance Metrics
97.6%
List to Sale Ratio
Sold below asking price
11
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $439
Sale $/sq ft: $429
This property sold for $429 per square foot
Sale Summary

This property sold for 2.4% below the original asking price.

With only 11 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 20 similar properties sold within 0.5 miles in the last 90 days

This Property
$429/sq ft
Area Average
$266/sq ft
Difference
+61.0%

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

About this home

Sometimes a picture says it all, and in this case that is true! The private deck with the water views says it all! Well, maybe not all but it sure puts this Penthouse unit above and beyond others. Soaring ceilings, exposed ducts, open concept, and TONS of LIGHT throughout. Derby Lofts is a pet friendly building with an elevator in the heart of downtown Salem. Literally stroll out the front door to a wine and cheese shop, restaurants and more. Venture just minutes and you have the ocean, PEM and MBTA commuter rail. Come see this fabulous unit with a breath taking view!

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Recently Sold Nearby

Property History

Market Insights

2.4%
Price Range
12
Total Days on Market

Property Timeline

Sold
Jan 7, 2022
$536,000
Property sold
Days on Market: 12
🏠
Listed for Sale
Nov 9, 2021
$549,000
Original listing
Agent: Merry Fox Team Office: MerryFox Realty

Tax History

Year Taxes Assessment
2021 $5,826 $422,200

Financial Details

Annual Property Tax
$5,826
Tax Year 2021
HOA Fee
$568
Monthly
Assessed Value
$422,200

Facts & Features

1 Car Garage
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
Cooling Central Air
Flooring Wood, Tile
Appliances Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry First Floor, In Unit
Features None

Exterior

Construction Stone
Architecture None
Roof Rubber
Features Deck
Pool None
Spa None
Fencing None
Patio/Porch Deck
Garage Spaces 1
Has Garage Yes
Features Detached, Rented
Total Spaces 1
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $5,826
Assessed Value $422,200

HOA & Community

HOA Fee $568 Monthly
Fee Includes Water, Sewer, Insurance, Security, Maintenance Structure, Snow Removal
Amenities Elevator(s)
Optional Fee Includes None
Pets Yes
Seller Disclosures Parking Is In City Garage And Rented.
Possession None
Accepted Financing None
Structure Type ["Garden"]
Unit/Building 606
Sq Ft Source Public Record
Documents Master Deed (1)
County Essex
Total market time (incl. prior listings) 12 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2003
Bedrooms
2
Full Bathrooms
2
Living Area
1,250 sq ft
Total Rooms
4
Stories
1
Entry Level
6

Room Details

First Floor

Bathroom1
Kitchen
Bathroom2
Bedroom2
Living Room
Master Bedroom

Other Floor

Bedroom5
Bedroom4
Bedroom3
Dining Room
Bathroom3
Office
Family Room
Master Bathroom
Yes

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: N
Laundry: First Floor, In Unit
Security: Intercom

Construction & Materials

Year Built: 2003
Structure Type: Garden
Exterior Materials: Stone
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Deck
Patio & Porch: Deck
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

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

9 schools
The Phoenix School
0.9 mi
Grades PK-08
The Greenhouse School
1.5 mi
Grades PK-08
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
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
M

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
H

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
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Location

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Neighborhood

51 Lafayette Street # 606, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Merry Fox Team
Listing Office MerryFox Realty
Office Phone 978-808-8064
Agent MLS ID TEAM0226
Office MLS ID C95279
Listing Data Updated Jan 7, 2022 12:10 PM 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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