NOT LISTED FOR SALE

111 Derby St Unit 1 Salem, MA 01970

Derby Street Neighborhood

Estimated Value: $438,000 - $484,000

2 Beds
1 Bath
870 Sq Ft
$164/mo HOA Fee

Last Sold September 02, 2022

Last sale price $414,000 $476 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,903/month

4 Days on Market

Highlights

  • Marina
  • Medical Services
  • Property is near public transit and schools
  • Golf Course Community
  • Open Floorplan
  • 1-minute walk to Swiniuch Park

About This Home

As of September 2022

Historic Derby Street, Salem, MA. C.1771 Georgian Colonial, an Architectural Gem, splendid condition. 2 bdrm w/ ss washer/dryer- laundry rm in unit. 3 unit bldg. Pets ok (breed restrictive). Private entrance 1st fl was Harbor Realty 1985-2021. Prior, Gables Variety (Pharmacy) for 50+ yrs. Just renovated to the studs w/ brand new 9" wide, engineered white oak flooring, ss quartz kitchen, shaker soft close cab, quartz Island. Separate room w/ ss washer & dryer, Gas HVAC, electric panel/wiring, plumbing, insulation, new Marvin double hung windows. Roof 2-3 yrs old. Exterior in superb condition. Pet friendly (breed restricted). Deeded bsmnt storage (9.6x11.6). Stable $164 condo fee was $ 135 in 1985. Down the street from the Harbor, House of 7 Gables, Pickering Wharf, Downtown, Ferry & T stop. Collins Cove Beach nearby. Sweet location. Resident sticker pkg (Salem has allowed pkg @ Salem Ferry ). Open houses Thurs (5-6:30), Sat/Sund (1-2:30). Offers if any due 8.8 6PM. Seller reply 24 hrs

Last Agent to Sell the Property

Gary Blattberg

RE/MAX Beacon Listed on: 08/03/2022

RE/MAX Beacon

Last Buyer's Agent

Amanda Brawley

RE/MAX Beacon

RE/MAX Beacon

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,175

Year Built

  • Built in 1771 | Remodeled

Lot Details

  • 2,178

HOA Fees

  • $164 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 870 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Crown Molding
  • Beamed Ceilings
  • Recessed Lighting
  • Light Fixtures
  • Picture Window
  • Basement

Kitchen

  • Stove
  • Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Flooring

  • Engineered Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

Parking

  • On-Street Parking
  • Open Parking

Utilities

  • Forced Air Heating and Cooling System
  • 1 Cooling Zone
  • 1 Heating Zone
  • Heating System Uses Natural Gas
  • Heat Pump System
  • 100 Amp Service
  • Natural Gas Connected
  • Gas Water Heater

Additional Features

  • Energy-Efficient Thermostat
  • Walking Distance to Water
  • Property is near public transit and schools

Listing and Financial Details

  • Assessor Parcel Number M:41 L:0290 S:801,2138097

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, reserve funds
  • 3 Units
  • Mid-Rise Condominium
  • 1771 Ropes House Condominium Community

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Park
  • Jogging Path

Pet Policy

  • Call for details about the types of pets allowed

Additional Features

  • Medical Services
  • Storm Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,175

Year Built

Built in 1771 | Remodeled

Lot Details

2,178 Sq Ft Lot

HOA Fees

$164 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 1771
  • Buyer Agency Type: %
  • Entry Level: 1
  • Transaction Broker Type: %
  • Year Built Details: Approximate,Certified Historic
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Wood, Tile, Engineered Hardwood
  • Entry Location: Unit Placement(Street,Walkout)
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer, Gas Water Heater,Tank Water Heater, Plumbed For Ice Maker, Utility Connections for Gas Range, Utility Connections for Gas Dryer, Utility Connections for Electric Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: Main
  • Room Bedroom2 Features: Closet, Remodeled, Crown Molding
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Main Level Bathrooms: 1
  • Room Master Bedroom Features: Beamed Ceilings, Closet, Remodeled, Lighting - Overhead, Crown Molding
  • Room Master Bedroom Level: Main
  • Master Bathroom Features: No
  • Bathroom 1 Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Cabinets - Upgraded, Remodeled
  • Bathroom 1 Level: Main
  • Room Kitchen Level: Main
  • Room Kitchen Features: Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove, Lighting - Overhead, Crown Molding
  • Laundry Features: Electric Dryer Hookup, Remodeled, Washer Hookup, Lighting - Overhead, First Floor, In Unit
  • Room Living Room Level: Main
  • Room Living Room Features: Window(s) - Picture, Open Floorplan, Remodeled, Lighting - Overhead, Crown Molding
  • Basement: Y
  • Accessibility Features: No
  • Living Area: 870
  • Stories Total: 1
  • Window Features: Storm Window(s)
  • MAIN LO: AN4305
  • MAIN SO: AN4305

Exterior Features

  • Construction Materials: Frame
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront Features: Beach Front, Beach Access, Harbor, Ocean, Walk to, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street, None

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Dryer, for Electric Dryer, Icemaker Connection
  • Cooling: Central Air, Unit Control
  • Heating: Central, Forced Air, Heat Pump, Natural Gas
  • Cooling Y N: Yes
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: SESD
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Fee: 164
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, House of Worship, Marina, Public School, T-Station, University
  • Senior Community YN: No
  • MANAGEMENT: Developer Control, Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Reserve Funds

Lot Info

  • Parcel Number: M:41 L:0290 S:801,2138097
  • Zoning: B1
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.05
  • Lot Size Sq Ft: 2350
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4175.25

Multi Family

  • Number Of Units Total: 3
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2022
Closed on
Sep 1, 2022
Sold by
Mo Marr Rt
Bought by
Ab Derby Street Ret
Seller's Agent
Gary Blattberg
RE/MAX Beacon
Buyer's Agent
Amanda Brawley
RE/MAX Beacon
List Price
$399,000
Sold Price
$414,000
Premium/Discount to List
$15,000
3.76%
Views
12
Current Estimated Value
$458,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,903
Avg. Annual Appreciation
3.03%

Purchase Details

Closed on
Sep 3, 1985
Bought by
Mo Marr Rt
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ab Derby Street Ret $414,000 None Available
Mo Marr Rt $67,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2022 09/02/22 Sold $414,000 +3.8% $476 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
08/03/2022 08/03/22 For Sale $399,000 -- $459 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,502 $397,000 $0 $397,000
2024 $4,405 $379,100 $0 $379,100
2023 $4,058 $324,400 $0 $324,400
2022 $3,683 $140,000 $0 $140,000
2021 $3,864 $140,000 $0 $140,000
2020 $3,459 $121,700 $0 $121,700
2019 $3,188 $107,900 $0 $107,900
2018 $3,234 $107,900 $0 $107,900
2017 $3,236 $107,900 $0 $107,900
2016 $3,188 $107,900 $0 $107,900
2015 $3,201 $103,300 $0 $103,300
Source: Public Records

Agents Affiliated with this Home

  • Gary Blattberg

    Seller's Agent in 2022

    Gary Blattberg

    RE/MAX

    (978) 882-4469

    3 in this area

    125 Total Sales

    Gary Blattberg
    Section Image
  • Amanda Brawley

    Buyer's Agent in 2022

    Amanda Brawley

    RE/MAX

    (617) 966-6652

    2 in this area

    28 Total Sales

    Amanda Brawley
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73020811

MLS Property Information Network (MLS PIN)

APN: SALE-000041-000000-000290-000801-000801

Massachusetts Essex County Salem 01970 Derby Street

111 Derby St Unit 1, Salem, MA

Not Listed for Sale

Condos

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