LevelThird
51 Lafayette Street # 304, Salem MA 01970
Salem, MA 01970 • Downtown
$589,000
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Sale Statistics
Sale Overview
Original List Price:
$589,000
Final Sale Price:
$589,000
Difference:
+$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
82
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft:
$364
Sale $/sq ft:
$364
This property sold for $364 per square foot
Sale Summary
This property sold exactly at the asking price.
The property spent 82 days on market before selling.
Nearby Sales Comparison
Based on 34 similar properties sold within 0.5 miles in the last 90 days
This Property
$364/sq ft
Area Median
$422/sq ft
Difference
13.8%
This property sold below the area median, potentially representing good value for the buyer.
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.
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Public Records & Permits
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Recently Sold Nearby
Property History
Market Insights
25.3%
Price Range
83
Total Days on Market
1
Previous Sales
Property Timeline
Sold
Oct 1, 2025
$589,000
Property sold
Days on Market: 83
Listed for Sale
Jun 7, 2025
$589,000
Original listing
Agent: Sophie Soman
Office: LandVest, Inc., Manchester -by-the-Sea
Previous Transaction - MLS #72329814
Full transaction history available when tracking began
Previously Sold
Aug 13, 2018
$440,000
MLS #72329814
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/01/2025 | ✓ Sold | $589,000 | - | - | Property sold |
| 06/07/2025 | 🏠 Listed for Sale | $589,000 | - | - | Original listing |
| 08/13/2018 | 🏷️ Previously Sold | $440,000 | - | - | MLS #72329814 |
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
Facts & Features
2 Car Garage
Central AC
Home Facts
Type
Residential
Style
Condominium
Year Built
2003
Living Area
1,620 sq ft
Lot Size
0.48 acres
Bedrooms
2
Full Baths
2
Total Rooms
4
Interior
Heating
Forced Air, Natural Gas
Cooling
Central Air
Flooring
Wood, Tile
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Fireplace
None
Basement
N
Laundry
Third Floor, In Unit
Features
Elevator
Exterior
Construction
Stone
Architecture
None
Roof
Shingle
Features
City View(s)
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Garage Spaces
2
Has Garage
Yes
Features
Detached
Total Spaces
4
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$5,855
Assessed Value
$516,300
HOA & Community
HOA Fee
$501 Monthly
Fee Includes
Water, Sewer, Insurance, Maintenance Structure, Snow Removal, Trash, Reserve Funds
Amenities
Elevator(s)
Optional Fee Includes
None
MA Disclosures
Seller 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
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["High-Rise"]
Unit/Building
304
Sq Ft Source
Public Record
Documents
Master Deed, Unit Deed, Rules & Regs, Management Association Bylaws, Floor Plans (5)
County
Essex
Total market time (incl. prior listings)
83 days
Property Overview
Property Type
Condominium
Listing Type
Sold
Year Built
2003
Bedrooms
2
Full Bathrooms
2
Living Area
1,620 sq ft
Total Rooms
4
Stories
1
Entry Level
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,620 sq ft above grade
LevelThird
LevelThird
LevelThird
LevelThird
LevelThird
LevelThird
FeaturesYes
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Tile
Appliances:
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Elevator
Windows:
Basement:
N
Laundry:
Third Floor, In Unit
Security:
Construction & Materials
Year Built:
2003
Structure Type:
High-Rise
Exterior Materials:
Stone
Roof:
Shingle
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:
City View(s)
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
4
Parking Features:
Detached
Special Features
View:
Yes
View Type:
City
Community Amenities:
Public Transportation, Shopping, Park, Bike Path, Highway Access, House of Worship, Marina, Public School, T-Station, University
Nearby Schools
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
Elementary Schools
9 schools
The Phoenix School
0.9 mi
Grades PK-08
The Greenhouse School
1.3 mi
Grades PK-08
B-
Saltonstall School
0.2 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
C-
Horace Mann Laboratory School
1.0 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-
Carlton School
1.1 mi
|
#468 of 824
|
Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students
Diverse
Grades K-05
C+
Bentley Academy Innovation School
1.1 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
1.1 mi
106 students
Diverse
Diverse Student Body
Grades PK
B
Witchcraft Heights School
1.4 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
B+
Bates School
1.5 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
Middle Schools
1 school
C+
Collins Middle School
0.6 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
High Schools
2 schools
B+
Salem Academy Charter School
0.3 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
1.1 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
Downtown
51 Lafayette Street # 304, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Office
LandVest, Inc., Manchester -by-the-Sea
Office Phone
617-529-1258
Agent MLS ID
C8000597
Office MLS ID
AN4825
Listing Data Updated
Oct 1, 2025 9:19 AM 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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