131 Derby St Unit 3R Salem, MA 01970
Derby Street NeighborhoodEstimated payment $3,307/month
Highlights
- Harbor Views
- Solid Surface Countertops
- Porch
- Wood Flooring
- 1 Car Detached Garage
- 1-minute walk to Swiniuch Park
About This Home
Step into quintessential Salem living at this bright and airy third-floor condo. Perched on historic Derby Street, this home blends classic charm with modern convenience. Sunlight streams through the windows, illuminating the 9-foot ceilings and open-concept layout. Glimpses of Salem Harbor add a touch of coastal magic. The inviting living room flows into a stunning kitchen with granite countertops, a center island, and stainless-steel appliances. This home offers two spacious bedrooms and a full bath. Enjoy the convenience of in-unit laundry, a covered porch, and a dedicated covered tandem parking space. The included heat in your condo fee adds to the appeal. Situated in the heart of Salem, you're just steps from the vibrant waterfront, renowned museums, eclectic restaurants, and unique shops. Commuting is a breeze with access to the MBTA commuter rail and Boston ferry. The sale is contingent on the seller purchasing an identified property. Please do not park in the driveway.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,974
Year Built
- Built in 1900
HOA Fees
- $375 Monthly HOA Fees
Parking
- 1 Car Detached Garage
- Carport
- Tandem Parking
- Open Parking
- Off-Street Parking
- Deeded Parking
Home Design
- Garden Home
- Entry on the 3rd floor
- Frame Construction
- Rubber Roof
Interior Spaces
- 823 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Insulated Windows
- Wood Flooring
- Harbor Views
- Basement
- Exterior Basement Entry
Kitchen
- Range
- Microwave
- Dishwasher
- Kitchen Island
- Solid Surface Countertops
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary bedroom located on third floor
- 1 Full Bathroom
- Bathtub with Shower
Laundry
- Laundry on upper level
- Dryer
- Washer
Outdoor Features
- Porch
Utilities
- Central Heating
- Heating System Uses Natural Gas
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 4593711
Community Details
Overview
- Association fees include heat, water, sewer, insurance, security, snow removal
- 8 Units
- Mid-Rise Condominium
Amenities
- Shops
Recreation
- Park
Pet Policy
- Pets Allowed
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,974 | $438,600 | $0 | $438,600 |
| 2024 | $4,873 | $419,400 | $0 | $419,400 |
| 2023 | $4,726 | $377,800 | $0 | $377,800 |
| 2022 | $4,524 | $341,400 | $0 | $341,400 |
| 2021 | $4,181 | $303,000 | $0 | $303,000 |
| 2020 | $4,253 | $294,300 | $0 | $294,300 |
| 2019 | $4,148 | $274,700 | $0 | $274,700 |
| 2018 | $4,033 | $262,200 | $0 | $262,200 |
| 2017 | $4,146 | $261,400 | $0 | $261,400 |
| 2016 | $3,838 | $244,900 | $0 | $244,900 |
| 2015 | $3,699 | $225,400 | $0 | $225,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/01/2025 11/01/25 | Pending | -- | -- | -- | |
| 09/04/2025 09/04/25 | For Sale | $479,900 | +12.9% | $583 / Sq Ft | |
| 09/02/2022 09/02/22 | Sold | $425,000 | +6.3% | $516 / Sq Ft | View Prior Sale |
| 06/24/2022 06/24/22 | Pending | -- | -- | -- | |
| 06/24/2022 06/24/22 | For Sale | $399,900 | +11.1% | $486 / Sq Ft | |
| 10/01/2020 10/01/20 | Sold | $360,000 | +2.9% | $437 / Sq Ft | View Prior Sale |
| 08/28/2020 08/28/20 | Pending | -- | -- | -- | |
| 08/15/2020 08/15/20 | For Sale | $349,900 | -- | $425 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Condominium Deed | $425,000 | None Available | |
| Condominium Deed | $360,000 | None Available | |
| Quit Claim Deed | $278,000 | -- | |
| Deed | $274,900 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $375,000 | Purchase Money Mortgage | |
| Previous Owner | $342,000 | New Conventional | |
| Previous Owner | $264,100 | New Conventional | |
| Previous Owner | $237,500 | No Value Available | |
| Previous Owner | $319,920 | Purchase Money Mortgage | |
| Previous Owner | $54,980 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73426469
APN: SALE-000041-000000-000316-000806-000806
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