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51 Lafayette St # 610, Salem MA 01970

Salem, MA 01970
$485,000
2
Beds
1
Baths
1,000
Sq Ft
$485
Price/Sq Ft
0.48
Acres
2003
Year Built
1
Parking
135
Days on Market
Closed Listed May 14, 2024 • MLS# 73237685 Copied! • Updated Oct 16, 2024

Sale Statistics

Sale Overview
Original List Price: $516,000
Final Sale Price: $485,000
Difference: $31,000 (-6.0%)
Performance Metrics
94.0%
List to Sale Ratio
Sold below asking price
135
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $516
Sale $/sq ft: $485
This property sold for $485 per square foot
Sale Summary

This property sold for 6.0% below the original asking price.

At 135 days on market, this property took longer than average to sell.

Nearby Sales Comparison

Based on 13 similar properties sold within 0.5 miles in the last 90 days

This Property
$485/sq ft
Area Average
$222/sq ft
Difference
+118.5%

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

About this home

Penthouse living in the heart of Downtown Salem at Derby Lofts, be just steps away from the picturesque waterfront, museums, restaurants, shops, cafes & nightlife. As you enter this open-concept loft you are greeted with soaring ceilings, oversized windows and hardwood flrs that effortlessly blend the perfect living space with spectacular views and westward sunsets. Granite and SS Kitchen, Central Air, In-unit laundry and ample storage are all included in this great opportunity. Professionally managed building with elevator access, Drive-thru exclusive drop off for residents only & a welcoming pet friendly association make you feel right at home!

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Recently Sold Nearby

Property History

Market Insights

44.7%
Price Range
137
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Oct 16, 2024
$485,000
Property sold
Days on Market: 137
🏠
Listed for Sale
May 14, 2024
$484,900
Original listing
Agent: Zoe Karademos Office: Coldwell Banker Realty - Beverly
Previous Transaction - MLS #71824809
Full transaction history available when tracking began
🏷️
Previously Sold
Dec 15, 2015
$268,000
MLS #71824809

Tax History

Year Taxes Assessment
2024 $4,804 $413,400

Financial Details

Annual Property Tax
$4,804
Tax Year 2024
HOA Fee
$406
Per month
Assessed Value
$413,400

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2003
Living Area 1,000 sq ft
Lot Size 0.48 acres
Bedrooms 2
Full Baths 1
Total Rooms 3

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Hardwood, Wood Laminate
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry First Floor, In Unit
Features None

Exterior

Construction Brick
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Common, Leased
Total Spaces 1
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $4,804
Assessed Value $413,400

HOA & Community

HOA Fee $406
Fee Includes Water, Sewer, Insurance, Security, Snow Removal, Trash, Reserve Funds
Amenities Elevator(s)
Optional Fee Includes None
Seller Disclosures A Wall Was Put Up By A Previous Owner To Create A 2nd Bedroom. Condo Docs/public Record List It As A One Bedroom. Garage Parking Pass Is At South Harbor Garage. Pass Is Deeded To The Unit, $270/year.
Possession None
Accepted Financing None
Structure Type ["Garden","Mid-Rise"]
Unit/Building 610
Sq Ft Source Other
Sq Ft Disclosures A wall was put up by a previous owner to create a 2nd bedroom. Condo docs list it as a one bedroom.
Documents None
County Essex
Total market time (incl. prior listings) 137 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2003
Bedrooms
2
Full Bathrooms
1
Living Area
1,000 sq ft
Total Rooms
3
Stories
1
Entry Level
6

Room Details

First Floor

Bathroom1
Bathroom - Full, Flooring - Stone/Ceramic Tile
Kitchen
Dining Area, Countertops - Stone/Granite/Solid, Open Floorplan, Stainless Steel Appliances, Gas Stove
Bedroom2
Closet, Flooring - Hardwood
Living Room
Open Floorplan
Master Bedroom
Closet, Flooring - Hardwood

Other Floor

Bedroom5
Bedroom4
Bedroom3
Dining Room
Bathroom2
Bathroom3
Office
Family Room
Master Bathroom

Interior Features

Flooring: Hardwood, Wood Laminate
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: First Floor, In Unit
Security: Intercom, Security Gate

Construction & Materials

Year Built: 2003
Structure Type: Garden, Mid-Rise
Exterior Materials: Brick
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

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

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Common, Leased
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

3 schools
B-
Saltonstall School
0.4 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
0.8 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
The Phoenix School
0.9 mi
Grades PK-08
M

Middle Schools

3 schools
C+
Collins Middle School
0.7 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
B+
Village School
1.8 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
A-
Marblehead Veterans Middle School
2.2 mi | #83 of 352 | Score: 51.5
Dropped 30 spots from last year
-6.7 below state avg
411 students Less Diverse
Grades 07-08
H

High Schools

3 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
1.3 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
Bishop Fenwick High School
1.7 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
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Location

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Neighborhood

51 Lafayette St # 610, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Zoe Karademos
Listing Office Coldwell Banker Realty - Beverly
Office Phone 978-927-1111
Agent MLS ID C8000311
Office MLS ID AN6191
Listing Data Updated Oct 16, 2024 3:13 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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