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143 Derby Street # 1, Salem MA 01970

Salem, MA 01970
$820,000
Est. $4,658/month
3
Beds
2.5
Baths
1,441
Sq Ft
$569
Price/Sq Ft
2024
Year Built
50
Days on Market
Closed Listed May 8, 2024 • MLS# 73235270 Copied!

About this home

Located on Derby Street in historic Salem, MA, this beautifully appointed condominium offers modern living in a prime downtown location. The sunlit, open-concept living space boasts hardwood floors and high ceilings, leading to a gourmet kitchen with stainless steel appliances, quartz countertops, and ample cabinetry. Spacious bedrooms feature generous closet space, while designer bathrooms provide sleek fixtures and spa-like finishes. Just steps from the waterfront, shops, restaurants, and iconic landmarks, this condo community includes secured entry, deeded 2 car garage parking, and additional storage. Exclusive use patio. Experience the best of Salem's charm and culture right at your doorstep! This Newly constructed 5-unit complex offers a rare opportunity to live near it all!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2024
Bedrooms
3
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,441 sq ft
Total Rooms
6
Stories
2
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $899,000
Final Sale Price: $820,000
Difference: $79,000 (-8.8%)
Performance Metrics
91.2%
List to Sale Ratio
Sold below asking price
50
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $624
Sale $/sq ft: $569
This property sold for $569 per square foot
Sale Summary

This property sold for 8.8% below the original asking price.

The property spent 50 days on market before selling.

Nearby Sales Comparison

Based on 17 similar properties sold within 0.5 miles in the last 90 days

This Property
$569/sq ft
Area Average
$333/sq ft
Difference
+71.1%

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

Facts & Features

2 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2024
Living Area 1,441 sq ft
Bedrooms 3
Full Baths 2
Half Baths 1
Total Rooms 6

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Tile
Appliances Range, Dishwasher, Refrigerator, Range Hood
Fireplace None
Basement Y
Laundry Electric Dryer Hookup, Washer Hookup, First Floor
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle, Other
Features Screens, Rain Gutters
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 2
Has Garage Yes
Features Attached, Off Street
Total Spaces 2

Utilities

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

Financial

Annual Tax 0.00
Assessed Value 0.00

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Refrigerator, Range Hood
Interior Features:
Windows: Insulated Windows, Screens
Basement: Y
Laundry: Electric Dryer Hookup, Washer Hookup, First Floor
Security:

Construction & Materials

Year Built: 2024
Structure Type: Townhouse
Exterior Materials: Frame
Roof: Shingle, Other
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 2
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Screens, Rain Gutters
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 2
Garage Type: Attached
Total Parking Spaces: 2
Parking Features: Attached, Off Street

Location

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Neighborhood

143 Derby Street # 1, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $0
Homeowners Insurance $200
HOA Fee $312/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

3.4%
Price Range
52
Total Days on Market

Property Timeline

Sold
Jul 19, 2024
$820,000
Property sold
Days on Market: 52
🏠
Listed for Sale
May 8, 2024
$849,000
Original listing
Agent: Herrick Lutts Realty Partners Office: Herrick Lutts Realty Partners

Price & Status History

Date Event Price Change
May 8, 2024 New Listing Added $849,000

Market Statistics

Days on Market
50 days
Price per Sq Ft
$569

Tax History

Year Taxes Assessment
2024 $0 $0

Financial Details

Annual Property Tax
$0
Tax Year 2024
HOA Fee
$312
Monthly
Assessed Value
$0

Listing Information

Listing Agent Herrick Lutts Realty Partners
Listing Office Herrick Lutts Realty Partners
Agent MLS ID TM312527
Office MLS ID AN6507
Listing Data Updated Jul 19, 2024 6:36 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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