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114 Derby St # 2, Salem MA 01970

Salem, MA 01970
$855,000
2
Beds
2.5
Baths
1,342
Sq Ft
$637
Price/Sq Ft
0.29
Acres
1950
Year Built
1
Parking
18
Days on Market
Closed Listed Jul 17, 2025 • MLS# 73405795 Copied! • Updated Aug 29, 2025

Sale Statistics

Sale Overview
Original List Price: $799,900
Final Sale Price: $855,000
Difference: +$55,100 (+6.9%)
Performance Metrics
106.9%
List to Sale Ratio
Sold above asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $596
Sale $/sq ft: $637
This property sold for $637 per square foot
Sale Summary

This property sold for 6.9% above the original asking price, indicating strong buyer demand.

With only 18 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 6 similar properties sold within 0.5 miles in the last 90 days

This Property
$637/sq ft
Area Average
$345/sq ft
Difference
+84.4%

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

About this home

Welcome to 114 Derby Street Unit 2, a beautifully renovated 2-bed, 2.5-bath condo in one of Salem’s most desirable waterfront neighborhoods. Located in a restored Federal-style mansion, this home offers stylish single-level living with a perfect mix of modern finishes and historic charm. The open-concept layout features a sleek kitchen with quartz countertops and stainless appliances, flowing into a comfortable living and dining space with a cozy gas fireplace. Central A/C ensures year-round comfort. The spacious primary suite includes a walk-in closet and a well-appointed en suite bath. A second bedroom, full guest bath, and half bath offer great flexibility. Front and rear private entrances add convenience, and there's just enough outdoor space for a grill or bistro table. A spacious unfinished basement offers excellent storage and future living space. Enjoy vibrant, historic Salem in your own backyard—Showings begin at the open house. See offer instructions.

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Recently Sold Nearby

Property History

Market Insights

6.4%
Price Range
19
Total Days on Market

Property Timeline

Sold
Aug 29, 2025
$855,000
Property sold
Days on Market: 19
🏠
Listed for Sale
Jul 17, 2025
$799,900
Original listing
Agent: Joyce Sullivan Office: Keller Williams Realty Evolution

Tax History

Year Taxes Assessment
2025 $8,546 $753,600

Financial Details

Annual Property Tax
$8,546
Tax Year 2025
HOA Fee
$331
Monthly
Assessed Value
$753,600

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1950
Living Area 1,342 sq ft
Lot Size 0.29 acres
Bedrooms 2
Full Baths 2
Half Baths 1
Total Rooms 5

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Tile, Hardwood
Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Fireplaces 1
Basement Y
Laundry In Unit
Features None

Exterior

Construction Brick
Architecture None
Roof None
Features Deck
Pool None
Spa None
Fencing None
Patio/Porch Deck
Features Off Street, Deeded
Total Spaces 1
Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range
Annual Tax $8,546
Assessed Value $753,600

HOA & Community

HOA Fee $331 Monthly
Fee Includes Water, Sewer, Insurance, Maintenance Structure, Snow Removal, Reserve Funds
Amenities None
Optional Fee Includes None
Seller Disclosures None
Exclusions Chandelier Over Dinning Table
Possession None
Accepted Financing None
Structure Type ["Townhouse"]
Unit/Building 2
Sq Ft Source Public Record
Sq Ft Disclosures Does not include lower level
Documents Master Deed, Unit Deed, Rules & Regs, Floor Plans (4)
County Essex
Total market time (incl. prior listings) 19 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1950
Bedrooms
2
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,342 sq ft
Total Rooms
5
Stories
2
Entry Level
1
Main Level Bedrooms
1

Room Details

First Floor

Bathroom1
9 x 9
Bathroom - Full
Bathroom2
5 x 7
Bathroom - Full
Bathroom3
6 x 4
Bathroom - Half
Master Bedroom
13 x 14
Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood
Family Room

Other Floor

Bedroom5
Bedroom4
Bedroom3
Office
Master Bathroom
Yes

Main,First Floor

Dining Room
11 x 12
Flooring - Hardwood, Open Floorplan, Lighting - Overhead
Kitchen
10 x 14
Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Exterior Access, Open Floorplan, Recessed Lighting
Bedroom2
10 x 13
Closet, Flooring - Hardwood
Living Room
16 x 15
Flooring - Hardwood, Deck - Exterior, Exterior Access, Open Floorplan

Interior Features

Flooring: Tile, Hardwood
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: In Unit
Security:

Construction & Materials

Year Built: 1950
Effective Year (Renovated): 2016
Structure Type: Townhouse
Exterior Materials: Brick
Roof:
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Deeded

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Public Transportation, Shopping
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

9 schools
The Phoenix School
1.3 mi
Grades PK-08
The Greenhouse School
1.8 mi
Grades PK-08
C+
Bentley Academy Innovation School
0.5 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
0.5 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Carlton School
0.7 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
B-
Saltonstall School
0.7 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+
Bates School
1.4 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
C-
Horace Mann Laboratory School
1.7 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
Witchcraft Heights School
1.9 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
M

Middle Schools

1 school
C+
Collins Middle School
1.2 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
H

High Schools

2 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
1.8 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

114 Derby St # 2, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Joyce Sullivan
Listing Office Keller Williams Realty Evolution
Office Phone 978-887-3995
Agent MLS ID C8001298
Office MLS ID AN6886
Listing Data Updated Aug 29, 2025 4:51 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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