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225 Derby St # 503, Salem MA 01970

Salem, MA 01970
$610,000
1
Beds
1.5
Baths
1,151
Sq Ft
$530
Price/Sq Ft
0.91
Acres
2004
Year Built
1
Parking
146
Days on Market
Closed Listed Dec 18, 2023 • MLS# 73188067 Copied! • Updated May 30, 2024

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.

Nearby Sales Comparison

Based on 15 similar properties sold within 0.5 miles in the last 90 days

This Property
$530/sq ft
Area Average
$233/sq ft
Difference
+127.5%

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

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.

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Recently Sold Nearby

Property History

Market Insights

10.1%
Price Range
147
Total Days on Market
2
Previous Sales

Property Timeline

Previous Transaction - MLS #73481755
Full transaction history available when tracking began
🏷️
Previously Sold
May 14, 2026
$610,000
MLS #73481755
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
Previous Transaction - MLS #72967968
Full transaction history available when tracking began
🏷️
Previously Sold
Nov 22, 2022
$570,000
MLS #72967968

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

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
Features Off Street, Assigned
Total Spaces 1
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $7,220
Assessed Value $577,100

HOA & Community

HOA Fee $413 Monthly
Fee Includes Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities Pool, Elevator(s)
Optional Fee Includes None
Seller Disclosures Buyers And Buyers Agents Need To Perform Their Own Due Diligence. Audio / Video Recording On Premises.
Possession None
Accepted Financing None
Structure Type ["High-Rise"]
Unit/Building 503
Sq Ft Source Public Record
Documents Master Deed, Management Association Bylaws (2)
County Essex
Total market time (incl. prior listings) 147 days

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

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Tile, Carpet, Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: N
Laundry: In Unit
Security: Intercom, TV Monitor, Security System

Construction & Materials

Year Built: 2004
Structure Type: High-Rise
Exterior Materials: Stone
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Assigned

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Bike Path, Marina, Public School, T-Station

Nearby Schools

School information not available for this location.

Location

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Neighborhood

225 Derby St # 503, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Office Keller Williams Realty Evolution
Office Phone 978-927-8700
Agent MLS ID CN241382
Office MLS ID C95098
Listing Data Updated May 30, 2024 5:08 PM EDT
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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