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58 Derby St, Salem MA 01970

Salem, MA 01970
$670,000
Est. $3,566/month
3
Beds
2.5
Baths
1,417
Sq Ft
$473
Price/Sq Ft
0.03
Acres
1807
Year Built
Single Family Residence
Type
48
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73234347

About this home

Located on the quietest stretch of Derby St and sited amongst late 18th & 19th century homes sits this well-maintained circa 1800 Gambrel. The first floor is delightfully laid-out with a comfortably-sized living room with a working fireplace. The large recently renovated kitchen with lovely antique beams overlooks the garden. A convenient half bath is tucked-in next to the stairs. On the second level you will find 2 large BRs (each fits a queen bed) and a shared new (2021) full bath. The 3rd floor is dedicated to the sunny main bedroom suite, with copious closet space, a spacious bathroom with convenient washer/dryer...and the vaulted ceilings! What a surprise! Seasonal views of the Salem Harbor from the second and third floors! The patio behind the house is an oasis...quiet & secluded with plenty of room to entertain or relax. 58 Derby feels a world apart from downtown, yet is minutes away AND on the bike path & moments from the water and the ferry to Boston!

Sale Statistics

Sale Overview
Original List Price: $725,000
Final Sale Price: $670,000
Difference: $55,000 (-7.6%)
Performance Metrics
92.4%
List to Sale Ratio
Sold below asking price
48
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $512
Sale $/sq ft: $473
This property sold for $473 per square foot
Sale Summary

This property sold for 7.6% below the original asking price.

The property spent 48 days on market before selling.

Facts & Features

Property Overview

Property Type
Single Family Residence
Property Category
Residential
Year Built
1807
Bedrooms
3
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,417 sq ft
Total Rooms
5

Interior Features

Flooring
Wood
Heating
Forced Air, Natural Gas
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Electric Water Heater, Range, Dishwasher, Refrigerator, Freezer, Washer, Dryer
Window Features
Storm Window(s)
Accessibility Features
No

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Exterior Features
Patio
Patio/Porch Features
Patio
Has Spa
No
Waterfront Features
Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.03 acres
Lot Size
1,329 sq ft
Lot Size Area
0.0300
Lot Features
Level

Parking & Garage

Has Garage
No

Utilities & Systems

Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Electric
100 Amp Service

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, Marina, Public School
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$5,738
Tax Year
2024
Tax Assessed Value
$493,800
Parcel Number
M:41 L:0138,2137925
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Attached Property
No

Location

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Neighborhood

58 Derby St, 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 $478
Homeowners Insurance $200
PMI $0

Property History

Market Insights

7.6%
Price Range
49
Total Days on Market

Property Timeline

✓
Sold
Aug 2, 2024
$670,000
Property sold
Days on Market: 49
🏠
Listed for Sale
May 7, 2024
$725,000
Original listing
Agent: Michael Selbst Office: Gibson Sotheby's International Realty

Price & Status History

Date Event Price Change
May 7, 2024 New Listing Added $725,000 —

Market Statistics

Days on Market
48 days
Price per Sq Ft
$473

Tax History

Year Taxes Assessment
2024 $5,738 $493,800

Financial Details

Annual Property Tax
$5,738
Tax Year 2024
Assessed Value
$493,800

Listing Information

Listing Agent Michael Selbst
Listing Office Gibson Sotheby's International Realty
Agent MLS ID BB804690
Office MLS ID AN6133

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