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225 Derby St # 503, Salem MA 01970

Salem, MA 01970
$570,000
1
Beds
1.5
Baths
1,151
Sq Ft
$495
Price/Sq Ft
0.91
Acres
2004
Year Built
1
Parking
175
Days on Market
Closed Listed Apr 19, 2022 • MLS# 72967968 Copied! • Updated Nov 23, 2022

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 15 similar properties sold within 0.5 miles in the last 90 days

This Property
$495/sq ft
Area Average
$233/sq ft
Difference
+112.4%

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

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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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

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
Features Off Street
Total Spaces 1
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None
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
Seller Disclosures Pre Qualified Offers Only.
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
For Sale
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

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

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
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
0.5 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
C+
Bentley Academy Innovation School
0.8 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
0.8 mi
106 students Diverse
Diverse Student Body
Grades PK
M

Middle Schools

3 schools
C+
Collins Middle School
0.9 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
1.6 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
B+
Marblehead Community Charter Public School
2.0 mi | #115 of 352 | Score: 48.0
Improved 94 spots from last year
-10.2 below state avg
192 students Moderate
Rising School Strong Attendance
Grades 04-08
H

High Schools

3 schools
B+
Salem Academy Charter School
0.3 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
1.5 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
1.9 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
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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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