51 Lafayette Street # 304, Salem MA 01970

Salem, MA 01970 • Downtown
$589,000
Est. $3,135/month
2
Beds
2
Baths
1,620
Sq Ft
$364
Price/Sq Ft
0.48
Acres
2003
Year Built
Condominium
Type
82
Days on Market
Pending Listed Sep 27, 2025 • MLS# 73387368

About this home

Fabulous sunny, southeast side, corner unit with water views! Experience modern luxury living at its finest at the Derby Lofts Condos located on Lafayette Street in beautiful historic Salem. Enjoy easy living with two bedrooms, two bathrooms in an open layout with new appliances and an updated primary bath. Walls of glass and picture window overlook Derby Street and the South River Canal. The building provides two high-speed elevators for convenience and specialty shops, boutiques, and restaurants on the first floor, but there’s also plenty of shopping and dining options nearby. For commuters, the complex is in close proximity to commuter rail and the Boston Harbor Ferry. Unit comes with two parking passes to the municipal Harbor Street garage.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
2003
Bedrooms
2
Full Bathrooms
2
Living Area
1,620 sq ft
Total Rooms
4
Stories
1
Entry Level
3

Interior Features

Flooring
Wood, Tile
Heating
Forced Air, Natural Gas
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features
Elevator
Laundry Features
Third Floor, In Unit
Basement Details
N

Exterior & Structure

Construction Materials
Stone
Roof
Shingle
Exterior Features
City View(s)
Has Spa
No
View
City
Has View
Yes
Waterfront Features
Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.48 acres
Lot Size
20,752 sq ft
Lot Size Area
0.4800

Parking & Garage

Garage Spaces
2
Has Garage
Yes
Attached Garage
No
Has Carport
No
Total Non-Garage Parking Spaces
2
Parking Features
Detached
Covered Parking Spaces
2

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation, Shopping, Park, Bike Path, Highway Access, House of Worship, Marina, Public School, T-Station, University
HOA Fee
$501
HOA Fee Frequency
Monthly
Association Amenities
Elevator(s)
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$5,855
Tax Year
2025
Tax Assessed Value
$516,300
Parcel Number
M:34 L:0485 S:815,4631572
Zoning
B5

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Building Name
Derby Lofts
Common Walls
Corner
Attached Property
Yes
Disclosures
Unit comes with 2 parking passes for the South Harbor Garage @ a cost of $270 each / year, $200 for Seniors. Spots are first come first serve. Current assessment to be paid by owner.
Exclusions
None

Location

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Neighborhood

Downtown

51 Lafayette Street # 304, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $488
Homeowners Insurance $200
HOA Fee $501
PMI $0

Property History

Property Timeline

🏠
Listed for Sale
Jun 7, 2025
$589,000
Original listing
Agent: Sophie Soman Office: LandVest, Inc., Manchester -by-the-Sea

Price & Status History

Date Event Price Change
Jun 7, 2025 New Listing Added $589,000

Market Statistics

Days on Market
82 days
Price per Sq Ft
$364

Tax History

Year Taxes Assessment
2025 $5,855 $516,300

Financial Details

Annual Property Tax
$5,855
Tax Year 2025
HOA Fee
$501
Monthly
Assessed Value
$516,300

Listing Information

Listing Agent Sophie Soman
Listing Office LandVest, Inc., Manchester -by-the-Sea
Agent MLS ID C8000597
Office MLS ID AN4825

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