225 Derby St # 503, Salem MA 01970

Salem, MA 01970
$610,000
Est. $3,247/month
1
Beds
1.5
Baths
1,151
Sq Ft
$530
Price/Sq Ft
0.91
Acres
2004
Year Built
Condominium
Type
146
Days on Market
Closed Listed Sep 30, 2025 • MLS# 73188067 Copied!

About this home

Welcome Home! Enjoy luxury living with this sun-drenched, open, spacious condo boasting panoramic harbor views atop the Salem Waterfront Hotel and Suites. Your reserved parking spot is close to the lobby and elevator. Experience the charm of Downtown Salem and the convenience of Pickering Wharf's shops and restaurants right at your doorstep. The one-bedroom, one-and-a-half-bath condo features central air, granite countertops, an in-unit washer and dryer, and power shades. Your residence includes access to hotel amenities, including a heated pool. Revel in the mesmerizing water views that extend over Salem Harbor to the South Channel and beyond. Immerse yourself in the best of Salem's offerings within arm's reach. Seize the opportunity to make this remarkable condo and Salem living your own. Schedule your visit now to experience it firsthand.

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

Sale Statistics

Sale Overview
Original List Price: $639,000
Final Sale Price: $610,000
Difference: $29,000 (-4.5%)
Performance Metrics
95.5%
List to Sale Ratio
Sold below asking price
146
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $555
Sale $/sq ft: $530
This property sold for $530 per square foot
Sale Summary

This property sold for 4.5% below the original asking price.

At 146 days on market, this property took longer than average to sell.

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 Tile, Carpet, Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Fireplaces 1
Basement N
Laundry In Unit
Features None

Exterior

Construction Stone
Architecture None
Roof None
Features None
Pool Association, Indoor
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Assigned
Total Spaces 1

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $7,220
Assessed Value $577,100

Location

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Neighborhood

225 Derby St # 503, 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 $602
Homeowners Insurance $200
HOA Fee $413
PMI $0

Property History

Market Insights

3.8%
Price Range
147
Total Days on Market

Property Timeline

Sold
May 30, 2024
$610,000
Property sold
Days on Market: 147
🏠
Listed for Sale
Dec 18, 2023
$634,000
Original listing
Agent: Chris LeVasseur Office: Keller Williams Realty Evolution

Price & Status History

Date Event Price Change
Dec 18, 2023 New Listing Added $634,000

Market Statistics

Days on Market
146 days
Price per Sq Ft
$530

Tax History

Year Taxes Assessment
2023 $7,220 $577,100

Financial Details

Annual Property Tax
$7,220
Tax Year 2023
HOA Fee
$413
Monthly
Assessed Value
$577,100

Listing Information

Listing Agent Chris LeVasseur
Listing Office Keller Williams Realty Evolution
Agent MLS ID CN241382
Office MLS ID C95098

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