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225 Derby St # 503, Salem MA 01970

Salem, MA 01970
$610,000
1
Beds
1.5
Baths
1,151
Sq Ft
$530
Price/Sq Ft
0.91
Acres
2004
Year Built
1
Parking
9
Days on Market
Closed Listed Mar 3, 2026 • MLS# 73481755 Copied! • Updated May 14, 2026

Sale Statistics

Sale Overview
Original List Price: $610,000
Final Sale Price: $610,000
Difference: +$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
9
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $530
Sale $/sq ft: $530
This property sold for $530 per square foot
Sale Summary

This property sold exactly at the asking price.

With only 9 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 15 similar properties sold within 0.5 miles in the last 90 days

This Property
$530/sq ft
Area Average
$233/sq ft
Difference
+127.5%

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

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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Recently Sold Nearby

Property History

Market Insights

6.6%
Price Range
10
Total Days on Market
2
Previous Sales

Property Timeline

Sold
May 14, 2026
$610,000
Property sold
Days on Market: 10
Pending Sale
Mar 13, 2026
Offer accepted, sale pending
🏠
Listed for Sale
Mar 3, 2026
$610,000
Original listing
Agent: Ed Abrams Office: RE/MAX Real Estate Center
🏠
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
Previous Transaction - MLS #72967968
Full transaction history available when tracking began
🏷️
Previously Sold
Nov 22, 2022
$570,000
MLS #72967968

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

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
Features Off Street, Assigned
Total Spaces 1
Electric Circuit Breakers
Water Individual Meter
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Dryer, Washer Hookup
Annual Tax $6,305
Assessed Value $580,100

HOA & Community

HOA Fee $516 Monthly
Fee Includes Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities Pool, Elevator(s)
Optional Fee Includes None
Pets Yes w/ Restrictions
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type ["High-Rise"]
Unit/Building 503
Sq Ft Source Master Deed
Documents Master Deed, Unit Deed, Floor Plans, Association Financial Statements (4)
County Essex
Total market time (incl. prior listings) 10 days

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

Room Details

First Floor

Bathroom1
Bathroom - Full, Bathroom - Tiled With Tub & Shower
Dining Room
12 x 20
Closet, Flooring - Hardwood, Window(s) - Picture, Slider
Kitchen
12 x 14
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Stainless Steel Appliances, Gas Stove
Bathroom2
Bathroom - Half, Dryer Hookup - Electric, Washer Hookup
Living Room
12 x 20
Flooring - Hardwood, Window(s) - Picture, Cable Hookup, Open Floorplan, Slider, Lighting - Overhead
Master Bedroom
13 x 20
Bathroom - Full, Closet, Flooring - Wall to Wall Carpet, Cable Hookup

Other Floor

Bedroom5
Bedroom4
Bedroom3
Bedroom2
Bathroom3
Office
Family Room
Master Bathroom
Yes

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

Nearby Schools

School information not available for this location.

Location

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Neighborhood

225 Derby St # 503, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Office RE/MAX Real Estate Center
Office Phone 617-576-3800
Agent MLS ID BB806904
Office MLS ID AN8908
Listing Data Updated May 14, 2026 3:14 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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Market Analytics for Salem, MA

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