51 Lafayette Street # 606, Salem MA 01970

Salem, MA 01970

$649,000

Beds

Baths

1,250

Sq Ft

$519

Price/Sq Ft

2003

Year Built

Parking

Condominium

Type

Days on Market

Sold Listed Jun 4, 2026 • MLS# 73529994 Copied! • Updated Jul 24, 2026

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Sale Statistics

Sale Overview

Original List Price: $649,000

                            Final Sale Price:
                            $649,000
                        

Difference: +$0 (+0.0%)

Performance Metrics

100.0%

List to Sale Ratio

Sold at asking price

Days on Market

Quick sale

Price per Square Foot Analysis

Original $/sq ft: $519

                            Sale $/sq ft:
                            $519
                        

This property sold for $519 per square foot

Sale Summary

This property sold exactly at the asking price.

With only 17 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 35 similar properties sold within 0.5 miles in the last 90 days

This Property

$519/sq ft

Area Median

$435/sq ft

Difference

+19.4%

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

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!

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

17.4%

Price Range

Total Days on Market

Previous Sales

Property Timeline

✓

Sold

Jul 24, 2026

$649,000

Property sold

Days on Market: 19

📋

Status: Active under contract

Jun 9, 2026

Active → Active Under Contract

⏳

Pending Sale

Jun 9, 2026

Offer accepted, sale pending

🏠

Listed for Sale

Jun 4, 2026

$649,000

Original listing

Agent: The Stead Team Office: Gibson Sotheby's International Realty

🏠

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

View Listing →

Date	Event	Price	Change	$/sqft	Details
07/24/2026	✓ Sold	$649,000	-	-	Property sold
06/09/2026	📋 Status: Active under contract	-	-	-	Active → Active Under Contract
06/09/2026	⏳ Pending Sale	-	-	-	Offer accepted, sale pending
06/04/2026	🏠 Listed for Sale	$649,000	-	-	Original listing
06/04/2026	🏠 Listed for Sale	$649,000	-	-	Original listing
01/07/2022	🏷️ Previously Sold	$536,000	-	-	MLS #72917923

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

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

HOA & Community

HOA Fee $636 Monthly

Fee Includes Water, Sewer, Insurance, Maintenance Structure, Snow Removal

Amenities Elevator(s)

Optional Fee Includes None

Pets Yes

MA Disclosures

Seller Disclosures Parking Is In City Garage And Rented. 2 In/out Passes- $540/year. Buyers To Do Their Own Due Diligence To Verify All Information. Listing Agent Is Related To Seller.

Additional Details

Possession None

Accepted Financing None

Structure Type ["Garden"]

Unit/Building 606

Sq Ft Source Public Record

Documents None

County Essex

Total market time (incl. prior listings) 19 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

2003

Bedrooms

Full Bathrooms

Living Area

1,250 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

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

Nearby Schools

School information not available for this location.

Location

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Neighborhood

51 Lafayette Street # 606, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent The Stead Team

Listing Office Gibson Sotheby's International Realty

Office Phone 978-255-3569

Agent MLS ID TM340632

Office MLS ID AN7944

Listing Data Updated Jul 24, 2026 4:24 PM EDT

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

Ask about this property — free, no obligation.