225 Derby St # 503, Salem MA 01970
Salem, MA 01970
$610,000
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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 36 similar properties sold within 0.5 miles in the last 90 days
This Property
$530/sq ft
Area Median
$467/sq ft
Difference
+13.6%
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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Public Records & Permits
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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
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/14/2026 | 🏷️ Previously Sold | $610,000 | - | - | MLS #73481755 |
| 05/30/2024 | ✓ Sold | $610,000 | - | - | Property sold |
| 12/18/2023 | 🏠 Listed for Sale | $634,000 | - | - | Original listing |
| 11/22/2022 | 🏷️ Previously Sold | $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
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
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
MA Disclosures
Seller Disclosures
Buyers And Buyers Agents Need To Perform Their Own Due Diligence. Audio / Video Recording On Premises.
Additional Details
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
Sold
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
Floor Layout
Interactive room guide
Floor Layout
Display Options
Outdoor Areas
PoolAssociation, Indoor
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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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