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225 Derby St # 503, Salem MA 01970

Salem, MA 01970
$610,000
Est. $4,326/month
1
Beds
1.5
Baths
1,151
Sq Ft
$530
Price/Sq Ft
0.91
Acres
2004
Year Built
Condominium
Type
8 hours 32 minutes
Time on Market
Active Open House Listed Mar 3, 2026 • MLS# 73481755 Copied!

About this home

Experience a luxury lifestyle in this sun-drenched, spacious 1 bedroom, 1-1/2 bath condo featuring mesmerizing harbor & ocean views atop the Salem Waterfront Hotel & Suites. Ideally set on Salem Harbor adjacent to the elegant boutiques & world-class eateries at Pickering Wharf & Marina. Includes access to hotel amenities, including a heated pool. Open layout features a living/dining area w/ gas fireplace, Juliet balcony, & large windows showcasing water views. The kitchen gleams w/ brand-new stainless LG appliances & granite countertops. Central air, in-unit washer/dryer, elevator & parking just steps from the entrance add convenience. Pets allowed w/ approval. Salem residents enjoy free admission to Peabody Essex Museum & The House of Seven Gables. A fast commute to Boston by MBTA Commuter Rail & Salem Ferry. Getting around Salem is easy by Bluebikes, & Salem Skipper rideshare. Walk to historic downtown, Salem Maritime National Park, Essex Street Pedestrian Mall, & Salem Common.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2004
Bedrooms
1
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,151 sq ft
Total Rooms
3
Stories
1
Entry Level
5

Open House Schedule

08
Mar
Sunday, March 8
12:30 PM - 2:15 PM EDT

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2004
Living Area 1,151 sq ft
Lot Size 0.91 acres
Bedrooms 1
Full Baths 1
Half Baths 1
Total Rooms 3

Interior

Heating Forced Air, Natural Gas
Cooling Central Air, Unit Control
Flooring Carpet, Marble, Hardwood
Appliances Range, Dishwasher, Disposal, Trash Compactor, Microwave, Refrigerator, Washer, Dryer
Fireplace Dining Room
Fireplaces 1
Basement N
Laundry In Unit, Electric Dryer Hookup, Washer Hookup
Features Elevator

Exterior

Construction None
Architecture None
Roof None
Features None
Pool Association, Indoor
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Assigned
Total Spaces 1

Utilities

Electric Circuit Breakers
Water Individual Meter
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $6,305
Assessed Value $580,100

Interior Features

Flooring: Carpet, Marble, Hardwood
Appliances: Range, Dishwasher, Disposal, Trash Compactor, Microwave, Refrigerator, Washer, Dryer
Interior Features: Elevator
Windows: Insulated Windows
Basement: N
Laundry: In Unit, Electric Dryer Hookup, Washer Hookup
Security: Intercom

Construction & Materials

Year Built: 2004
Structure Type: High-Rise
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Cooling: Central Air, Unit Control
Hot Water:
Water Source: Individual Meter
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

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

Special Features

Fireplaces: 1
Fireplace Type: Dining Room
Waterfront: Yes
Waterfront Type: Waterfront, Ocean, Harbor, Marina, Public, Ocean, 1 to 2 Mile To Beach
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Marina, Public School, T-Station, University

Location

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Neighborhood

225 Derby St # 503, Salem MA 01970

Salem, MA 01970

Walkability

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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
E

Elementary Schools

9 schools
The Phoenix School
1.1 mi
Grades PK-08
The Greenhouse School
1.6 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
C+
Bentley Academy Innovation School
0.8 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
0.8 mi
106 students Diverse
Diverse Student Body
Grades PK
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
B+
Bates School
1.3 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
1.4 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
1.6 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
0.9 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
0.3 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
1.5 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
Learn about these ratings
School data provided by BMN Schools

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 $525
Homeowners Insurance $200
HOA Fee $516/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
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Current Rate
$0/mo
+0.5% Rate
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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

1
Previous Sales

Property Timeline

🏠
Listed for Sale
Mar 3, 2026
$610,000
Original listing
Office: RE/MAX Real Estate Center
Previous Transaction - MLS #73188067
Full transaction history available when tracking began
🏷️
Previously Sold
May 30, 2024
$610,000
MLS #73188067
View Listing →

Price & Status History

Date Event Price Change
Mar 3, 2026 New Listing Added $610,000 —
May 30, 2024 Sold $610,000 —

Market Statistics

Time on Market
8 hours 32 minutes
Price per Sq Ft
$530

Tax History

Year Taxes Assessment
2026 $6,305 $580,100

Financial Details

Annual Property Tax
$6,305
Tax Year 2026
HOA Fee
$516
Monthly
Assessed Value
$580,100

Listing Information

Listing Agent Ed Abrams
Listing Office RE/MAX Real Estate Center
Agent MLS ID BB806904
Office MLS ID AN8908
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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Market Analytics for Salem, MA

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