51 Lafayette St # 609, Salem MA 01970
Salem, MA 01970
$725,000
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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 36 similar properties sold within 0.5 miles in the last 90 days
This Property
$477/sq ft
Area Median
$439/sq ft
Difference
+8.7%
This property sold slightly above the area median for similar homes.
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.
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Public Records & Permits
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Recently Sold Nearby
Property History
Market Insights
43.3%
Price Range
21
Total Days on Market
1
Previous Sales
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
Previous Transaction - MLS #71958414
Full transaction history available when tracking began
Previously Sold
Sep 8, 2016
$425,000
MLS #71958414
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/17/2025 | ✓ Sold | $725,000 | - | - | Property sold |
| 09/06/2025 | 🏠 Listed for Sale | $749,000 | - | - | Original listing |
| 09/08/2016 | 🏷️ Previously Sold | $425,000 | - | - | MLS #71958414 |
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
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
HOA & Community
HOA Fee
$559 Monthly
Fee Includes
Water, Sewer, Insurance, Security, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities
Elevator(s)
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Exclusions
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["High-Rise"]
Unit/Building
609
Sq Ft Source
Public Record
Documents
Master Deed, Unit Deed, Rules & Regs, Management Association Bylaws, Association Financial Statements (5)
County
Essex
Total market time (incl. prior listings)
21 days
Property Overview
Property Type
Condominium
Listing Type
Sold
Year Built
2003
Bedrooms
2
Full Bathrooms
2
Living Area
1,520 sq ft
Total Rooms
4
Stories
1
Entry Level
6
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,520 sq ft above grade
FeaturesYes
Display Options
Outdoor Areas
Patio & porchDeck
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:
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
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
1.5 mi
Grades PK-08
B-
Saltonstall School
0.5 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-
Carlton School
0.8 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
0.9 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
0.9 mi
106 students
Diverse
Diverse Student Body
Grades PK
C-
Horace Mann Laboratory School
1.2 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+
Bates School
1.2 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
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
Middle Schools
1 school
C+
Collins Middle School
0.7 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
0.4 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
1.3 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
51 Lafayette St # 609, 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 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.
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