BMN Boston

Get our mobile app!

Download on the App Store

51 Lafayette St # 609, Salem MA 01970

Salem, MA 01970
$725,000
Est. $4,978/month
2
Beds
2
Baths
1,520
Sq Ft
$477
Price/Sq Ft
0.48
Acres
2003
Year Built
19
Days on Market
Closed Listed Sep 6, 2025 • MLS# 73426999 Copied!

About this home

Derby Lofts rare 1,520± SF corner penthouse with 161± SF private balcony in Downtown Salem, just 5 blocks to commuter rail and minutes to the Boston Harbor Ferry. Enjoy the best sunsets in Salem from soaring 10’+ ceilings, dramatic windows, and sweeping city views. A 2024 kitchen renovation features new appliances, maple butcher block counters, a soapstone wet zone with custom sink, open shelving, custom cabinetry with pull-outs, exposed brick, and industrial lighting. Living/dining area with floor-to-ceiling custom bookcase and ladder. Primary suite with 2023 spa-inspired bath—walk-in shower, marble hex tile, new vanity, fixtures, and lighting—plus lime-washed brick accent, chandelier reading nook, and electric fireplace. Balcony with new decking. Building amenities include 2 elevators, skylit atrium, and secure entry. Two covered garage parking spaces available by lease (first-come, first-served). Shops, dining, PEM, waterfront, and arts venues at your doorstep.

View in the App

Save this property, schedule tours instantly, and get alerts when the price drops

Scan to download BMN Boston app Scan with phone
Get the full experience in the BMN Boston app

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2003
Bedrooms
2
Full Bathrooms
2
Living Area
1,520 sq ft
Total Rooms
4
Stories
1
Entry Level
6

Sale Statistics

Sale Overview
Original List Price: $749,000
Final Sale Price: $725,000
Difference: $24,000 (-3.2%)
Performance Metrics
96.8%
List to Sale Ratio
Sold below asking price
19
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $493
Sale $/sq ft: $477
This property sold for $477 per square foot
Sale Summary

This property sold for 3.2% below the original asking price.

With only 19 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 21 similar properties sold within 0.5 miles in the last 90 days

This Property
$477/sq ft
Area Average
$344/sq ft
Difference
+38.8%

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

Facts & Features

2 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2003
Living Area 1,520 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 In Unit, Gas Dryer Hookup, Washer Hookup
Features Internet Available - Unknown, Elevator

Exterior

Construction Stone
Architecture None
Roof Rubber
Features Deck, Balcony, City View(s)
Pool None
Spa None
Fencing None
Patio/Porch Deck

Parking

Garage Spaces 2
Has Garage Yes
Features Deeded, Common, Leased
Total Spaces 2

Utilities

Electric 110 Volts, Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Oven, For Gas Dryer, Washer Hookup

Financial

Annual Tax $6,635
Assessed Value $585,100

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features: Internet Available - Unknown, Elevator
Windows:
Basement: N
Laundry: In Unit, Gas Dryer Hookup, Washer Hookup
Security: Intercom, TV Monitor, Security Gate

Construction & Materials

Year Built: 2003
Structure Type: High-Rise
Exterior Materials: Stone
Roof: Rubber
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: Deck, Balcony, City View(s)
Patio & Porch: Deck
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 2
Total Parking Spaces: 2
Parking Features: Deeded, Common, Leased

Special Features

View: Yes
View Type: City
Community Amenities: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, House of Worship, Marina, Public School, T-Station, University

Location

Loading map...

Neighborhood

51 Lafayette St # 609, Salem MA 01970

Salem, MA 01970

Walkability

Loading Walk Score...

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $553
Homeowners Insurance $200
HOA Fee $559/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

3.2%
Price Range
21
Total Days on Market

Property Timeline

Sold
Oct 17, 2025
$725,000
Property sold
Days on Market: 21
🏠
Listed for Sale
Sep 6, 2025
$749,000
Original listing
Agent: Sophie Soman Office: LandVest, Inc., Manchester -by-the-Sea

Price & Status History

Date Event Price Change
Sep 6, 2025 New Listing Added $749,000

Market Statistics

Days on Market
19 days
Price per Sq Ft
$477

Tax History

Year Taxes Assessment
2025 $6,635 $585,100

Financial Details

Annual Property Tax
$6,635
Tax Year 2025
HOA Fee
$559
Monthly
Assessed Value
$585,100

Listing Information

Listing Agent Sophie Soman
Listing Office LandVest, Inc., Manchester -by-the-Sea
Agent MLS ID C8000597
Office MLS ID AN4825
Listing Data Updated Oct 17, 2025 12:18 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

51 Lafayette St # 609, Salem MA 01970 - Photo 1 51 Lafayette St # 609, Salem MA 01970 - Photo 2 51 Lafayette St # 609, Salem MA 01970 - Photo 3 51 Lafayette St # 609, Salem MA 01970 - Photo 4 51 Lafayette St # 609, Salem MA 01970 - Photo 5 51 Lafayette St # 609, Salem MA 01970 - Photo 6 51 Lafayette St # 609, Salem MA 01970 - Photo 7 51 Lafayette St # 609, Salem MA 01970 - Photo 8 51 Lafayette St # 609, Salem MA 01970 - Photo 9 51 Lafayette St # 609, Salem MA 01970 - Photo 10 51 Lafayette St # 609, Salem MA 01970 - Photo 11 51 Lafayette St # 609, Salem MA 01970 - Photo 12 51 Lafayette St # 609, Salem MA 01970 - Photo 13 51 Lafayette St # 609, Salem MA 01970 - Photo 14 51 Lafayette St # 609, Salem MA 01970 - Photo 15 51 Lafayette St # 609, Salem MA 01970 - Photo 16 51 Lafayette St # 609, Salem MA 01970 - Photo 17 51 Lafayette St # 609, Salem MA 01970 - Photo 18 51 Lafayette St # 609, Salem MA 01970 - Photo 19 51 Lafayette St # 609, Salem MA 01970 - Photo 20 51 Lafayette St # 609, Salem MA 01970 - Photo 21
BMN Boston Real Estate

BMN Boston Real Estate

Douglas Elliman

Your message will be sent to BMN Boston Real Estate.

Schedule a Tour