225 Derby St # 503, Salem MA 01970
Salem, MA 01970
$570,000
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Sale Statistics
Sale Overview
Original List Price:
$599,900
Final Sale Price:
$570,000
Difference:
$29,900 (-5.0%)
Performance Metrics
95.0%
List to Sale Ratio
Sold below asking price
175
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft:
$521
Sale $/sq ft:
$495
This property sold for $495 per square foot
Sale Summary
This property sold for 5.0% below the original asking price.
At 175 days on market, this property took longer than average to sell.
Nearby Sales Comparison
Based on 36 similar properties sold within 0.5 miles in the last 90 days
This Property
$495/sq ft
Area Median
$467/sq ft
Difference
+6.1%
This property sold slightly above the area median for similar homes.
About this home
Sunny and spacious luxury condo with expansive harbor views from atop the Salem Harborside Waterfront Hotel and Suites. Private elevator to the fifth floor just a few feet from your private parking spot. Downtown Salem is a short walk and Pickering Wharf right downstairs. Hotel amenities are included with your 1151 square feet of living area that includes central air, granite counter tops, Hunter Douglas power shades, and water views that stretch out over Salem Harbor to the South Channel and beyond. Come and enjoy the best of Salem at your fingertips for yourself or make it a great investment with a potential collected rent of $2500-2800/month.
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Public Records & Permits
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Recently Sold Nearby
Property History
Market Insights
6.6%
Price Range
176
Total Days on Market
2
Previous Sales
Property Timeline
Previous Transaction - MLS #73481755
Full transaction history available when tracking began
Previously Sold
May 14, 2026
$610,000
MLS #73481755
Previous Transaction - MLS #73188067
Full transaction history available when tracking began
Previously Sold
May 30, 2024
$610,000
MLS #73188067
Sold
Nov 22, 2022
$570,000
Property sold
Days on Market: 176
Listed for Sale
Apr 19, 2022
$599,900
Original listing
Agent: Brian Carey
Office: J. Barrett & Company
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/14/2026 | 🏷️ Previously Sold | $610,000 | - | - | MLS #73481755 |
| 05/30/2024 | 🏷️ Previously Sold | $610,000 | - | - | MLS #73188067 |
| 11/22/2022 | ✓ Sold | $570,000 | - | - | Property sold |
| 04/19/2022 | 🏠 Listed for Sale | $599,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2022 | $6,946 | $524,200 |
Financial Details
Annual Property Tax
$6,946
Tax Year 2022
HOA Fee
$413
Monthly
Assessed Value
$524,200
Facts & Features
Central AC
Home Facts
Type
Residential
Style
Condominium
Year Built
2004
Living Area
1,151 sq ft
Lot Size
0.91 acres
Bedrooms
1
Full Baths
1
Half Baths
1
Total Rooms
3
Interior
Heating
Forced Air, Natural Gas
Cooling
Central Air
Flooring
None
Appliances
Range, Oven, Dishwasher, Disposal, Trash Compactor, Microwave, Refrigerator, Washer, Dryer
Fireplace
None
Fireplaces
1
Basement
N
Laundry
None
Features
None
Exterior
Construction
Stone
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Off Street
Total Spaces
1
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$6,946
Assessed Value
$524,200
HOA & Community
HOA Fee
$413 Monthly
Fee Includes
Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal
Amenities
Pool, Elevator(s), Recreation Facilities, Fitness Center
Optional Fee Includes
None
Owner-Occupied Units
8
MA Disclosures
Seller Disclosures
Pre Qualified Offers Only.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["Garden"]
Unit/Building
503
Sq Ft Source
Master Deed
Sq Ft Disclosures
Master Deed
Documents
Master Deed, Unit Deed (2)
County
Essex
Total market time (incl. prior listings)
176 days
Property Overview
Property Type
Condominium
Listing Type
Sold
Year Built
2004
Bedrooms
1
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,151 sq ft
Total Rooms
3
Stories
1
Entry Level
5
Floor Layout
Interactive room guide
Floor Layout
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:
Appliances:
Range, Oven, Dishwasher, Disposal, Trash Compactor, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement:
N
Laundry:
Security:
Intercom
Construction & Materials
Year Built:
2004
Structure Type:
Garden
Exterior Materials:
Stone
Roof:
Foundation:
Stories:
1
Heating, Cooling & Utilities
Heating:
Forced Air, Natural Gas
Cooling:
Central Air
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
Total Parking Spaces:
1
Parking Features:
Off Street
Special Features
Fireplaces:
1
Fireplace Type:
Community Amenities:
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School
Nearby Schools
School information not available for this location.
Location
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Neighborhood
225 Derby St # 503, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Office
J. Barrett & Company
Office Phone
978-282-1315
Agent MLS ID
BB981637
Office MLS ID
C80006
Listing Data Updated
Nov 23, 2022 8:47 AM 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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