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51 Lafayette Street # 606, Salem MA 01970

Salem, MA 01970
$649,000
Est. $4,616/month
2
Beds
2
Baths
1,250
Sq Ft
$519
Price/Sq Ft
2003
Year Built
7 hours 40 minutes
Time on Market
Active Open House Listed Jun 4, 2026 • MLS# 73529994 Copied!

About this home

Perched above the heart of Historic Salem in the desirable Derby Lofts, you will find this exceptional penthouse unit with stunning water views. This sophisticated residence showcases 2 spacious bedrooms and 2 full baths, soaring ceilings, exposed ductwork, an airy open-concept design living space, with walls of windows that fill the home with incredible natural light. The stylish urban feel blends perfectly with the warmth & comfort of this unique residence. Updates include a New Top of the line Bosch HVAC system and Navien high efficiency tankless water heater in 2023. Step outside onto the expansive private balcony, take in the incredible view while enjoying morning coffee or evening cocktails, a great spot to unwind! Derby Lofts is a pet friendly, elevator equipped building. Just moments from the Waterfront, Peabody Essex Museum, boutique shopping, exceptional restaurants, MBTA commuter rail and so much more! This fabulous Penthouse delivers the ultimate downtown coastal lifestyle!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2003
Bedrooms
2
Full Bathrooms
2
Living Area
1,250 sq ft
Total Rooms
4
Stories
1
Entry Level
6

Open House Schedule

07
Jun
Sunday, June 7
12:00 PM - 2:00 PM EDT
06
Jun
Saturday, June 6
12:00 PM - 2:00 PM EDT

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2003
Living Area 1,250 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Forced Air, Natural Gas, Unit Control
Cooling Central Air
Flooring Tile, Hardwood, Flooring - Hardwood
Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry First Floor, In Unit
Features Closet, Entrance Foyer

Exterior

Construction Stone
Architecture None
Roof Tar/gravel, Rubber
Features Balcony
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Leased
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $5,976
Assessed Value $527,000

Interior Features

Flooring: Tile, Hardwood, Flooring - Hardwood
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features: Closet, Entrance Foyer
Windows:
Basement: N
Laundry: First Floor, In Unit
Security: Intercom

Construction & Materials

Year Built: 2003
Structure Type: Garden
Exterior Materials: Stone
Roof: Tar/Gravel, Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

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

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 2
Parking Features: Leased

Location

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Neighborhood

51 Lafayette Street # 606, 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
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
M

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
H

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
Learn about these ratings

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 $498
Homeowners Insurance $200
HOA Fee $636/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

17.4%
Price Range
1
Previous Sales

Property Timeline

🏠
Listed for Sale
Jun 4, 2026
$649,000
Original listing
Agent: The Stead Team Office: Gibson Sotheby's International Realty
Previous Transaction - MLS #72917923
Full transaction history available when tracking began
🏷️
Previously Sold
Jan 7, 2022
$536,000
MLS #72917923

Price & Status History

Date Event Price Change
Jun 4, 2026 New Listing Added $649,000
Jan 7, 2022 Sold $536,000

Market Statistics

Time on Market
7 hours 40 minutes
Price per Sq Ft
$519

Tax History

Year Taxes Assessment
2025 $5,976 $527,000

Financial Details

Annual Property Tax
$5,976
Tax Year 2025
HOA Fee
$636
Monthly
Assessed Value
$527,000

Listing Information

Listing Agent The Stead Team
Listing Office Gibson Sotheby's International Realty
Agent MLS ID TM340632
Office MLS ID AN7944
Listing Data Updated Jun 4, 2026 9:20 AM 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

Real-time market trends and pricing data for this area

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