145 Derby Street # 3, Salem MA 01970

Salem, MA 01970

$845,000

Beds

3.5

Baths

1,463

Sq Ft

$578

Price/Sq Ft

2024

Year Built

Garage Space

Condominium

Type

228

Days on Market

Sold Listed May 8, 2024 • MLS# 73235274 Copied! • Updated Jan 31, 2025

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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 24 similar properties sold within 0.5 miles in the last 90 days

This Property

$578/sq ft

Area Median

$493/sq ft

Difference

+17.3%

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!

Public Records & Permits

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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

Date	Event	Price	Change	$/sqft	Details
01/31/2025	✓ Sold	$845,000	-	-	Property sold
05/08/2024	🏠 Listed for Sale	$849,900	-	-	Original listing

Tax History

Year	Taxes	Assessment
2024	$0	$0

Financial Details

Annual Property Tax

Tax Year 2024

HOA Fee

$361

Monthly

Assessed Value

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

Parking

Garage Spaces 1

Has Garage Yes

Features Attached, Garage Door Opener, Deeded, Off Street, Paved, Exclusive Parking

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

HOA & Community

HOA Fee $361 Monthly

Fee Includes Water, Sewer, Insurance

Amenities None

Optional Fee Includes None

MA Disclosures

Seller Disclosures Draft Docs On Paperclip. Taxes Tbd

Additional Details

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

Sold

Year Built

2024

Bedrooms

Full Bathrooms

Half Bathrooms

Living Area

1,463 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

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

Nearby Schools

School information not available for this location.

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.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

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