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131 Derby St # F, Salem MA 01970

Salem, MA 01970
$500,000
2
Beds
1
Baths
800
Sq Ft
$625
Price/Sq Ft
0.23
Acres
1912
Year Built
2
Garage Spaces
50
Days on Market
Closed Listed Jan 21, 2026 • MLS# 73470335 Copied! • Updated Apr 6, 2026

Sale Statistics

Sale Overview
Original List Price: $499,900
Final Sale Price: $500,000
Difference: +$100 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold above asking price
50
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $625
Sale $/sq ft: $625
This property sold for $625 per square foot
Sale Summary

This property sold for 0.0% above the original asking price, indicating strong buyer demand.

The property spent 50 days on market before selling.

Nearby Sales Comparison

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

This Property
$625/sq ft
Area Average
$345/sq ft
Difference
+81.0%

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

About this home

Experience effortless downtown living at 131 Derby St, Unit 3-Front, ideally located in the heart of Salem’s iconic waterfront district. This stylish 2-bedroom condo places you moments from the Salem Maritime Historic Site, Pickering Wharf, PEM, fine dining, shops, taverns,The Common, and commuter options- the ferry and rail to Boston. Thoughtfully maintained, the home offers a bright open layout w/ 9’ ceilings, hardwood floors, granite countertops, stainless steel appliances including a new dishwasher, and a generous kitchen island w/ seating for 3-4. Enjoy the rare luxury of your own private covered deck-perfect for relaxing, entertaining, or electric grilling. Additional highlights include in-unit laundry, custom Hunter Douglas blinds w/ blackout shades in the primary bedroom, & exceptional storage w/ an oversized basement space. 2-car tandem covered parking adds unbeatable convenience rarely found downtown. Pet-friendly building. Fully renovated in 2005 and truly move-in ready.

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Recently Sold Nearby

Property History

Market Insights

0%
Price Range
161
Total Days on Market

Property Timeline

Sold
Apr 6, 2026
$500,000
Property sold
Days on Market: 161
📋
Status: Active under contract
Mar 8, 2026
Active → Active Under Contract
Pending Sale
Mar 3, 2026
Offer accepted, sale pending
🏠
Listed for Sale
Jan 21, 2026
$499,900
Original listing
Agent: The Lopes Group Office: J. Barrett & Company
🏠
Listed for Sale
Jan 21, 2026
$499,900
Original listing
Agent: The Lopes Group Office: J. Barrett & Company

Tax History

Year Taxes Assessment
2025 $4,825 $425,500

Financial Details

Annual Property Tax
$4,825
Tax Year 2025
HOA Fee
$375
Monthly
Assessed Value
$425,500

Facts & Features

2 Car Garage

Home Facts

Type Residential
Style Condominium
Year Built 1912
Living Area 800 sq ft
Lot Size 0.23 acres
Bedrooms 2
Full Baths 1
Total Rooms 4

Interior

Heating Baseboard, Natural Gas
Cooling Window Unit(s)
Flooring Tile, Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry Gas Dryer Hookup, Washer Hookup, First Floor, In Unit
Features Storage

Exterior

Construction Frame
Architecture None
Roof Rubber
Features Deck
Pool None
Spa None
Fencing None
Patio/Porch Deck
Garage Spaces 2
Has Garage Yes
Features Detached, Carport, Assigned, Off Street, Tandem, Paved, Exclusive Parking
Total Spaces 2
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range
Annual Tax $4,825
Assessed Value $425,500

HOA & Community

HOA Fee $375 Monthly
Fee Includes Heat, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
Amenities None
Optional Fee Includes None
Pets Yes
Seller Disclosures Seller/sellers Agents Make No Warranties/representations, Buyer/buyers Agent To Do Own Due Diligence. Sold As-is Condition. Appliances Left As Gifts. Rm Size Approximate. Yr Built Listed As 1912 Based On Historic Salem Inc. Plaque On Property, Public Record Reflects 1900. Condo Fee Includes Heat.
Exclusions Electric Grill On Deck
Possession None
Accepted Financing Contract
Structure Type ["2\/3 Family"]
Unit/Building 3 F
Sq Ft Source Public Record
Documents Master Deed, Unit Deed, Rules & Regs (3)
County Essex
Total market time (incl. prior listings) 161 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1912
Bedrooms
2
Full Bathrooms
1
Living Area
800 sq ft
Total Rooms
4
Stories
1
Entry Level
3

Room Details

First Floor

Bathroom1
5.083333333 x 9.166666666
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Kitchen
14.166666666 x 19.75
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Stainless Steel Appliances, Lighting - Overhead
Bedroom2
8.75 x 14.416666666
Ceiling Fan(s), Closet, Flooring - Hardwood, Lighting - Overhead
Living Room
12.666666666 x 16.333333333
Ceiling Fan(s), Flooring - Hardwood, Deck - Exterior, Exterior Access, Open Floorplan, Lighting - Overhead
Master Bedroom
12.333333333 x 12.583333333
Ceiling Fan(s), Closet, Flooring - Hardwood, Lighting - Overhead

Other Floor

Bedroom5
Bedroom4
Bedroom3
Dining Room
Bathroom2
Bathroom3
Office
Family Room
Master Bathroom
No

Interior Features

Flooring: Tile, Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Storage
Windows: Insulated Windows
Basement: Y
Laundry: Gas Dryer Hookup, Washer Hookup, First Floor, In Unit
Security: Intercom

Construction & Materials

Year Built: 1912
Effective Year (Renovated): 2005
Structure Type: 2/3 Family
Exterior Materials: Frame
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Garage Spaces: 2
Total Parking Spaces: 2
Parking Features: Detached, Carport, Assigned, Off Street, Tandem, Paved, Exclusive Parking

Nearby Schools

School information not available for this location.

Location

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Neighborhood

131 Derby St # F, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent The Lopes Group
Listing Office J. Barrett & Company
Office Phone 978-922-3683
Agent MLS ID TM326374
Office MLS ID AC2087
Listing Data Updated Apr 6, 2026 12:32 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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