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145 Derby Street # 3, Salem MA 01970

Salem, MA 01970
$845,000
3
Beds
3.5
Baths
1,463
Sq Ft
$578
Price/Sq Ft
2024
Year Built
1
Garage Space
228
Days on Market
Closed Listed May 8, 2024 • MLS# 73235274 Copied! • Updated Jan 31, 2025

Sale Statistics

Sale Overview
Original List Price: $1,015,000
Final Sale Price: $845,000
Difference: $170,000 (-16.7%)
Performance Metrics
83.3%
List to Sale Ratio
Sold below asking price
228
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $694
Sale $/sq ft: $578
This property sold for $578 per square foot
Sale Summary

This property sold for 16.7% below the original asking price.

At 228 days on market, this property took longer than average to sell.

Nearby Sales Comparison

Based on 7 similar properties sold within 0.5 miles in the last 90 days

This Property
$578/sq ft
Area Average
$296/sq ft
Difference
+95.0%

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

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. A private rooftop deck on the top floor provides stunning views and an ideal setting for relaxation. Just steps from the waterfront, shops, restaurants, and iconic landmarks, this condo community includes secured entry, with both garage and dedicated parking, and additional storage. Experience the best of Salem's charm and culture right at your doorstep!

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Recently Sold Nearby

Property History

Market Insights

0.6%
Price Range
180
Total Days on Market

Property Timeline

Sold
Jan 31, 2025
$845,000
Property sold
Days on Market: 180
🏠
Listed for Sale
May 8, 2024
$849,900
Original listing
Agent: Herrick Lutts Realty Partners Office: Herrick Lutts Realty Partners

Tax History

Year Taxes Assessment
2024 $0 $0

Financial Details

Annual Property Tax
$0
Tax Year 2024
HOA Fee
$361
Monthly
Assessed Value
$0

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2024
Living Area 1,463 sq ft
Bedrooms 3
Full Baths 3
Half Baths 1
Total Rooms 6

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Tile
Appliances Oven, Dishwasher, Microwave, Range, Refrigerator, Range Hood
Fireplace None
Basement Y
Laundry In Unit
Features None

Exterior

Construction Frame
Architecture None
Roof Rubber, Other
Features Deck - Roof + Access Rights, Decorative Lighting, City View(s), Screens, Rain Gutters, Professional Landscaping
Pool None
Spa None
Fencing None
Patio/Porch Deck - Roof + Access Rights
Garage Spaces 1
Has Garage Yes
Features Attached, Garage Door Opener, Deeded, Off Street, Paved, Exclusive Parking
Total Spaces 2
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range
Annual Tax 0.00
Assessed Value 0.00

HOA & Community

HOA Fee $361 Monthly
Fee Includes Water, Sewer, Insurance
Amenities None
Optional Fee Includes None
Seller Disclosures Draft Docs On Paperclip. Taxes Tbd
Possession None
Accepted Financing None
Structure Type ["Townhouse","Rowhouse"]
Unit/Building 3
Sq Ft Source Unit Floor Plan
Documents None
County Essex
Total market time (incl. prior listings) 180 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2024
Bedrooms
3
Full Bathrooms
3
Half Bathrooms
1
Living Area
1,463 sq ft
Total Rooms
6
Stories
3
Entry Level
1

Room Details

First Floor

Bathroom1
Bathroom - Full, Bathroom - Tiled With Shower Stall
Bedroom3
Closet, Flooring - Hardwood

Second Floor

Dining Room
Flooring - Hardwood, Open Floorplan, Recessed Lighting
Kitchen
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Kitchen Island, Open Floorplan, Stainless Steel Appliances, Crown Molding
Bathroom2
Bathroom - Half, Dryer Hookup - Electric, Washer Hookup
Living Room
Flooring - Hardwood, Open Floorplan

Third Floor

Bedroom2
Bathroom - Full, Bathroom - Double Vanity/Sink
Bathroom3
Bathroom - Full, Bathroom - Tiled With Shower Stall
Master Bedroom
Bathroom - Full, Walk-In Closet(s), Recessed Lighting

Other Floor

Bedroom5
Bedroom4
Office
Family Room
Master Bathroom
Yes

Interior Features

Flooring: Wood, Tile
Appliances: Oven, Dishwasher, Microwave, Range, Refrigerator, Range Hood
Interior Features:
Windows: Insulated Windows, Screens
Basement: Y
Laundry: In Unit
Security:

Construction & Materials

Year Built: 2024
Structure Type: Townhouse, Rowhouse
Exterior Materials: Frame
Roof: Rubber, Other
Foundation:
Stories: 3

Heating, Cooling & Utilities

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

Exterior & Lot

Exterior Features: Deck - Roof + Access Rights, Decorative Lighting, City View(s), Screens, Rain Gutters, Professional Landscaping
Patio & Porch: Deck - Roof + Access Rights
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 2
Parking Features: Attached, Garage Door Opener, Deeded, Off Street, Paved, Exclusive Parking

Special Features

View: Yes
View Type: City
Community Amenities: Public Transportation, Walk/Jog Trails, T-Station
School District
Salem School District local
B-
School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
1.9% below state avg
E

Elementary Schools

9 schools
The Phoenix School
1.3 mi
Grades PK-08
The Greenhouse School
1.7 mi
Grades PK-08
C+
Bentley Academy Innovation School
0.6 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
0.6 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Saltonstall School
0.7 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
B-
Carlton School
0.7 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
B+
Bates School
1.4 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
C-
Horace Mann Laboratory School
1.6 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.8 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
M

Middle Schools

1 school
C+
Collins Middle School
1.1 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
0.4 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.7 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
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Location

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Neighborhood

145 Derby Street # 3, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Herrick Lutts Realty Partners
Listing Office Herrick Lutts Realty Partners
Office Phone 978-927-1959
Agent MLS ID TM312527
Office MLS ID AN6507
Listing Data Updated Jan 31, 2025 3:25 PM EST
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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