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51 Lafayette Street # 207, Salem MA 01970

Salem, MA 01970
$569,000
Est. $3,998/month
2
Beds
2
Baths
1,527
Sq Ft
$373
Price/Sq Ft
0.48
Acres
2003
Year Built
56
Days on Market
Closed Listed Dec 14, 2023 • MLS# 73187515 Copied!

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!

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Property Overview

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

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.

Nearby Sales Comparison

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

This Property
$373/sq ft
Area Average
$337/sq ft
Difference
+10.8%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2003
Living Area 1,527 sq ft
Lot Size 0.48 acres
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Tile, Hardwood
Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry In Unit
Features Entrance Foyer

Exterior

Construction Brick
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Leased
Total Spaces 1

Utilities

Electric Circuit Breakers, 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $5,743
Assessed Value $459,100

Interior Features

Flooring: Tile, Hardwood
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features: Entrance Foyer
Windows:
Basement: N
Laundry: In Unit
Security: Intercom

Construction & Materials

Year Built: 2003
Structure Type: Mid-Rise
Exterior Materials: Brick
Roof: Rubber
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: Leased

Location

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Neighborhood

51 Lafayette Street # 207, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

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
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
The Phoenix School
0.9 mi
Grades PK-08
M

Middle Schools

2 schools
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
B+
Village School
1.8 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
H

High Schools

3 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
Bishop Fenwick High School
1.7 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $479
Homeowners Insurance $200
HOA Fee $443/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

38.7%
Price Range
37
Total Days on Market
2
Previous Sales

Property Timeline

Current Active Listing - MLS #73508113
Full transaction history available when tracking began
🏡
Currently Listed
Apr 28, 2026
$579,000
MLS #73508113 - Active
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.
Previous Transaction - MLS #72171502
Full transaction history available when tracking began
🏷️
Previously Sold
Jul 31, 2017
$399,000
MLS #72171502
Previous Transaction - MLS #71807150
Full transaction history available when tracking began
🏷️
Previously Sold
Jul 20, 2015
$355,000
MLS #71807150

Price & Status History

Date Event Price Change
Apr 28, 2026 Sold $579,000
Dec 14, 2023 New Listing Added $569,000
Jul 31, 2017 Sold $399,000
Jul 20, 2015 Sold $355,000

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
Listing Data Updated Mar 9, 2024 11:39 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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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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