51 Lafayette Street # 207, Salem MA 01970

Salem, MA 01970
$569,000
2
Beds
2
Baths
1,527
Sq Ft
$373
Price/Sq Ft
0.48
Acres
2003
Year Built
1
Parking
56
Days on Market
Sold Listed Dec 14, 2023 • MLS# 73187515 Copied! • Updated Mar 9, 2024

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

This Property
$373/sq ft
Area Median
$439/sq ft
Difference
15.0%

This property sold below the area median, potentially representing good value for the buyer.

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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Recently Sold Nearby

Property History

Market Insights

37.6%
Price Range
37
Total Days on Market
3
Previous Sales

Property Timeline

Previous Transaction - MLS #73508113
Full transaction history available when tracking began
🏷️
Previously Sold
Jun 17, 2026
$560,000
MLS #73508113
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

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

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
Features Leased
Total Spaces 1
Electric Circuit Breakers, 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $5,743
Assessed Value $459,100

HOA & Community

HOA Fee $443 Monthly
Fee Includes Water, Sewer, Insurance, Security, Maintenance Structure, Snow Removal, Trash, Reserve Funds
Amenities Elevator(s)
Optional Fee Includes None
Pets Yes
Seller 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.
Possession None
Accepted Financing None
Structure Type ["Mid-Rise"]
Unit/Building 207
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 37 days

Property Overview

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

Floor Layout

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

Nearby Schools

School information not available for this location.

Location

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Neighborhood

51 Lafayette Street # 207, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Diane Mayo
Listing Office Lamacchia Realty, Inc.
Office Phone 978-993-3600
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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