51 Lafayette Street # 207, Salem MA 01970

Salem, MA 01970
$569,000
Est. $3,028/month
2
Beds
2
Baths
1,527
Sq Ft
$373
Price/Sq Ft
0.48
Acres
2003
Year Built
Condominium
Type
56
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73187515

About this home

Open House CANCELLED. Welcome to urban sophistication in the heart of historic downtown Salem! Situated within 1/2 mile from the commuter rail, restaurants, shops, and the Peabody Essex Museum! This stunning condo offers the perfect blend of modern luxury and historic charm, providing an unparalleled living experience. As you step into the residence, you'll be captivated by the seamless open floor plan that effortlessly combines the living, dining, and kitchen areas. The spacious layout is enhanced by the presence of exposed brick, adding a touch of character and warmth to the contemporary design. Escape to the primary suite, you'll find a full bathroom and the walk-in closet which adds a practical touch, ensuring ample storage space for your wardrobe and personal belongings. Brand new HVAC system installed in 2022, in-unit laundry, and professionally managed association that’s pet friendly! Come home to Derby Lofts!

Sale Statistics

Sale Overview
Original List Price: $569,000
Final Sale Price: $569,000
Difference: +$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
56
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $373
Sale $/sq ft: $373
This property sold for $373 per square foot
Sale Summary

This property sold exactly at the asking price.

The property spent 56 days on market before selling.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
2003
Bedrooms
2
Full Bathrooms
2
Living Area
1,527 sq ft
Total Rooms
4
Stories
1
Entry Level
2

Interior Features

Flooring
Tile, Hardwood
Heating
Forced Air, Natural Gas
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features
Entrance Foyer
Laundry Features
In Unit
Basement Details
N

Exterior & Structure

Construction Materials
Brick
Roof
Rubber
Has Spa
No
Waterfront Features
Ocean
Waterfront Property
No

Lot & Land

Lot Size
0.48 acres
Lot Size
20,752 sq ft
Lot Size Area
0.4800

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Leased

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, 200+ Amp Service
Security Features
Intercom

Community & HOA

Community Features
Public Transportation, Park, Golf, Medical Facility, Laundromat, Public School, T-Station, University
HOA Fee
$443
HOA Fee Frequency
Monthly
Association Amenities
Elevator(s)
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$5,743
Tax Year
2023
Tax Assessed Value
$459,100
Tax Lot
807
Tax Block
0485
Tax Map Number
34
Parcel Number
M:34 L:0485 S:807,4533462
Zoning
B5

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Building Name
Derby Lofts
Attached Property
Yes
Disclosures
Buyers and buyers agents to perform due diligence. Special Assessment of $21, 000 will be paid by sellers before closing. One car garage parking pass comes with the unit and paid by the HOA $270 annually.

Location

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Neighborhood

51 Lafayette Street # 207, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $479
Homeowners Insurance $200
HOA Fee $443
PMI $0

Property History

Market Insights

37
Total Days on Market

Property Timeline

Sold
Mar 8, 2024
$569,000
Property sold
Days on Market: 37
🏠
Listed for Sale
Dec 14, 2023
$569,000
Original listing
Agent: Diane Mayo Office: Lamacchia Realty, Inc.

Price & Status History

Date Event Price Change
Dec 14, 2023 New Listing Added $569,000

Market Statistics

Days on Market
56 days
Price per Sq Ft
$373

Tax History

Year Taxes Assessment
2023 $5,743 $459,100

Financial Details

Annual Property Tax
$5,743
Tax Year 2023
HOA Fee
$443
Monthly
Assessed Value
$459,100

Listing Information

Listing Agent Diane Mayo
Listing Office Lamacchia Realty, Inc.
Agent MLS ID C8001361
Office MLS ID AN6314

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