Salem, MA 01970 • Historic Derby Street Neighborhood
$650,000
Est. $3,460/month
3
Beds
2.5
Baths
1,238
Sq Ft
$525
Price/Sq Ft
0.05
Acres
1800
Year Built
Single Family Residence
Type
8
Days on Market
Closed
Listed Sep 28, 2025 • MLS# 73160956
About this home
Here's your chance to own a single family in the Historic Derby Street Neighborhood! This move-in ready 3 bedroom/2 1/4 bath antique has undergone recent updates including new white shaker cabinetry, quartz countertops, new dishwasher, and vinyl plank flooring in the kitchen, beautiful refinished hardwood flooring, freshly skimmed walls and ceilings. This property, once part of the Cook Estate, has off-street parking for one car, a small backyard patio and perimeter garden space. Steps from Salem Common, Pickering Wharf, Peabody Essex Museum, and numerous shops, restaurants and bars. Approximately 1/2 mile to train to Boston and points north. Let this home be your oasis in a prime downtown location!
Sale Statistics
Sale Overview
Original List Price:$599,000
Final Sale Price:$650,000
Difference:
+$51,000 (+8.5%)
Performance Metrics
108.5%
List to Sale Ratio
Sold above asking price
8
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$484
Sale $/sq ft:$525
This property sold for $525 per square foot
Sale Summary
This property sold for 8.5% above the original asking price, indicating strong buyer demand.
With only 8 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
Single Family Residence
Property Category
Residential
Year Built
1800
Bedrooms
3
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,238 sq ft
Total Rooms
6
Interior Features
Flooring
Vinyl, Hardwood
Heating
Steam, Natural Gas
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Appliances
Gas Water Heater, Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Interior Features
Mud Room
Laundry Features
In Basement, Electric Dryer Hookup, Washer Hookup
Basement Details
Interior Entry, Unfinished
Window Features
Insulated Windows, Storm Window(s)
Door Features
Storm Door(s)
Exterior & Structure
Construction Materials
Frame
Architectural Style
Antique
Roof
Shingle
Foundation
Stone
Exterior Features
Patio, Covered Patio/Deck, Fenced Yard, Garden
Patio/Porch Features
Patio, Covered
Fencing
Fenced/Enclosed, Fenced
Has Spa
No
Waterfront Features
Harbor, Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No
Lot & Land
Lot Size
0.05 acres
Lot Size
2,039 sq ft
Lot Size Area
0.0500
Lot Features
Level
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Off Street, On Street, Driveway
Utilities & Systems
Utilities Available
for Gas Range, for Electric Dryer, Washer Hookup, Icemaker Connection
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Subdivision
Historic Derby Street Neighborhood
Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Marina, Public School, T-Station, University
HOA
No
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$5,072
Tax Year
2023
Tax Assessed Value
$405,400
Parcel Number
2136722
Zoning
R2
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate,Renovated Since
Attached Property
No
Disclosures
Property deleaded in 2011. Built-in closet-shelving in primary bedroom. 3rd bedroom closet is in 2nd floor landing. Seller has not lived in property for over 40 years.
Location
Loading map...
Neighborhood
Historic Derby Street Neighborhood
7 Herbert St., Salem MA 01970
Salem, MA 01970
Walkability
Loading Walk Score...
Schools
School information not available
Monthly Payment Calculator
%
%
Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$423
Homeowners Insurance$200
PMI$0
Property History
Market Insights
7.8%
Price Range
9
Total Days on Market
Property Timeline
✓
Sold
Nov 8, 2023
$650,000
Property sold
Days on Market: 9
🏠
Listed for Sale
Sep 19, 2023
$599,000
Original listing
Agent: Julie AndrewsOffice: Keller Williams Realty Evolution
