51 Lafayette St # 610, Salem MA 01970

Salem, MA 01970

$485,000

Beds

Baths

1,000

Sq Ft

$485

Price/Sq Ft

0.48

Acres

2003

Year Built

Parking

Condominium

Type

135

Days on Market

Sold Listed May 14, 2024 • MLS# 73237685 Copied! • Updated Oct 16, 2024

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

This Property

$485/sq ft

Area Median

$439/sq ft

Difference

+10.5%

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!

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

44.7%

Price Range

137

Total Days on Market

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

View Listing →

Date	Event	Price	Change	$/sqft	Details
10/16/2024	✓ Sold	$485,000	-	-	Property sold
05/14/2024	🏠 Listed for Sale	$484,900	-	-	Original listing
12/15/2015	🏷️ Previously Sold	$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

Parking

Features Common, Leased

Total Spaces 1

Utilities

Electric Circuit Breakers

Water Public

Sewer Public Sewer

Gas None

Other None

Financial

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

MA Disclosures

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.

Additional Details

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

Sold

Year Built

2003

Bedrooms

Full Bathrooms

Living Area

1,000 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

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

Nearby Schools

School information not available for this location.

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.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

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