225 Derby St Unit 608 Salem, MA 01970
Downtown Salem NeighborhoodEstimated payment $4,992/month
Highlights
- Marina
- Golf Course Community
- Indoor Pool
- Ocean View
- Public Water Access
- 5-minute walk to National Park Service
About This Home
Stylish Penthouse with Harbor Views! Live the good life at Pickering Wharf in this sleek 2BR/2BA corner penthouse at the celebrated Salem Waterfront Hotel. This luxurious sun-splashed unit offers a lovely open floor plan with cathedral ceilings, gas fireplace and Juliet balcony overlooking vibrant city and harbor views. The designer granite and stainless kitchen flows into the bright living and dining space—perfect for entertaining. The primary suite features a large walk-in closet and a spacious private bath. Enjoy exclusive hotel amenities including a heated indoor pool, on-site dining and bar and patio access . Units are rarely offered at this highly desirable complex and deeded parking is included. Moments from historic downtown Salem, the PEM, commuter rail, ferry to Boston, and the best in dining, shopping, and seaside charm. Welcome to 225 Derby Street—where every day feels like a getaway.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,024
Year Built
- Built in 2004 | Remodeled
Lot Details
- Waterfront
- Near Conservation Area
- No Units Above
- Landscaped Professionally
- Sprinkler System
HOA Fees
- $659 Monthly HOA Fees
Property Views
- Ocean
- Marina
- Harbor
- City
- Canal
Home Design
- Garden Home
- Entry on the 6th floor
- Brick Exterior Construction
- Shingle Roof
- Stone
Interior Spaces
- 1,455 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Wired For Sound
- Crown Molding
- Cathedral Ceiling
- Recessed Lighting
- Decorative Lighting
- Light Fixtures
- Insulated Windows
- Bay Window
- Window Screens
- French Doors
- Sliding Doors
- Living Room with Fireplace
Kitchen
- Breakfast Bar
- Stove
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Solid Surface Countertops
- Disposal
Flooring
- Wood
- Carpet
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Linen Closet
- Walk-In Closet
- 2 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Bathtub with Shower
- Separate Shower
- Linen Closet In Bathroom
Laundry
- Laundry on main level
- ENERGY STAR Qualified Dryer
- Dryer
- ENERGY STAR Qualified Washer
Home Security
- Home Security System
- Intercom
Parking
- 1 Car Parking Space
- Off-Street Parking
- Deeded Parking
Pool
- Indoor Pool
- In Ground Pool
Outdoor Features
- Public Water Access
- Property is near a marina
- Walking Distance to Water
- Mooring
- Balcony
- Covered Deck
- Covered Patio or Porch
Location
- Property is near public transit
- Property is near schools
Schools
- Collins Middle School
- Salem High & Charter
Utilities
- Forced Air Heating and Cooling System
- 1 Cooling Zone
- 1 Heating Zone
- Heating System Uses Natural Gas
- 100 Amp Service
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number M:34 L:0446 S:918,4566858
Community Details
Overview
- Association fees include insurance, security, maintenance structure, road maintenance, ground maintenance, snow removal, reserve funds
- 16 Units
- High-Rise Condominium
- The Salem Waterfront Hotel And Suites Community
Amenities
- Medical Services
- Common Area
- Shops
- Coin Laundry
- Elevator
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Community Pool
- Park
- Jogging Path
- Bike Trail
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 | $7,024 | $619,400 | $0 | $619,400 |
| 2024 | $6,826 | $587,400 | $0 | $587,400 |
| 2023 | $7,706 | $616,000 | $0 | $616,000 |
| 2022 | $7,415 | $559,600 | $0 | $559,600 |
| 2021 | $7,722 | $559,600 | $0 | $559,600 |
| 2020 | $7,851 | $543,300 | $0 | $543,300 |
| 2019 | $7,710 | $510,600 | $0 | $510,600 |
| 2018 | $7,581 | $492,900 | $0 | $492,900 |
| 2017 | $7,472 | $471,100 | $0 | $471,100 |
| 2016 | $7,327 | $467,600 | $0 | $467,600 |
| 2015 | $7,657 | $466,600 | $0 | $466,600 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/19/2025 09/19/25 | Price Changed | $709,900 | 0.0% | $488 / Sq Ft |
| 09/19/2025 09/19/25 | For Sale | $709,900 | -2.7% | $488 / Sq Ft |
| 09/09/2025 09/09/25 | Pending | -- | -- | -- |
| 08/07/2025 08/07/25 | For Sale | $729,900 | +26.9% | $502 / Sq Ft |
| 12/02/2020 12/02/20 | Sold | $575,000 | -3.8% | $395 / Sq Ft |
| 11/04/2020 11/04/20 | Pending | -- | -- | -- |
| 10/07/2020 10/07/20 | Price Changed | $598,000 | -1.8% | $411 / Sq Ft |
| 09/07/2020 09/07/20 | For Sale | $609,000 | 0.0% | $419 / Sq Ft |
| 09/04/2019 09/04/19 | Rented | $2,500 | 0.0% | -- |
| 08/30/2019 08/30/19 | Under Contract | -- | -- | -- |
| 08/19/2019 08/19/19 | Price Changed | $2,500 | -3.8% | $2 / Sq Ft |
| 08/16/2019 08/16/19 | For Rent | $2,600 | 0.0% | -- |
| 04/27/2018 04/27/18 | Rented | $2,600 | 0.0% | -- |
| 04/15/2018 04/15/18 | Price Changed | $2,600 | -3.7% | $2 / Sq Ft |
| 04/06/2018 04/06/18 | Price Changed | $2,700 | -3.6% | $2 / Sq Ft |
| 01/29/2018 01/29/18 | For Rent | $2,800 | 0.0% | -- |
| 04/22/2017 04/22/17 | Rented | $2,800 | 0.0% | -- |
| 04/16/2017 04/16/17 | Under Contract | -- | -- | -- |
| 04/10/2017 04/10/17 | For Rent | $2,800 | 0.0% | -- |
| 03/09/2017 03/09/17 | Sold | $545,000 | -0.7% | $375 / Sq Ft |
| 01/24/2017 01/24/17 | Pending | -- | -- | -- |
| 01/03/2017 01/03/17 | Price Changed | $549,000 | -5.2% | $377 / Sq Ft |
| 10/24/2016 10/24/16 | For Sale | $579,000 | +6.2% | $398 / Sq Ft |
| 09/08/2016 09/08/16 | Off Market | $545,000 | -- | -- |
| 02/22/2016 02/22/16 | For Sale | $579,000 | -- | $398 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $575,000 | None Available | |
| Not Resolvable | $545,000 | -- | |
| Deed | $568,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $125,000 | New Conventional | |
| Previous Owner | $374,000 | No Value Available | |
| Previous Owner | $100,000 | No Value Available | |
| Previous Owner | $33,500 | No Value Available | |
| Previous Owner | $417,000 | Purchase Money Mortgage |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73415103
APN: SALE-000034-000000-000446-000918-000918
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