5 Derby Square Unit 1 Salem, MA 01970
Downtown Salem Neighborhood
2
Beds
2
Baths
1,754
Sq Ft
1817
Built
About This Home
As of December 2021The Ultimate in Urban Chic!! Located in the heart of downtown Salem in the c.1817 former home of the Bancroft Tavern-shops, restaurants, train all within 5 minutes! This Uber Cool townhouse complete w/exposed brick walls & floors, a huge central fireplace & original built-in bar! If you are looking for Unique - this is it! The spacious and open concept living area will be the envy of all your friends as entertaining is a breeze! The granite and stainless kitchen features a large peninsula with seating for 6 while the dining area boasts a granite-topped built-in buffet cabinet and HUGE walk-in pantry with custom shelving and French Doors! The highlight is of course the raised fireplace and hearth that is sure to keep you warm on the snowy nights ahead! Both bedrooms access the full bath w/jaccuzzi tub and glass tile surround and floor! Laundry is in the 1/2 bath on the lower level along with a separate office. Bonus: central a/c, HUGE walk-in closet, private Patio & fee includes heat!
Last Buyer's Agent
Northshorist Group
RE/MAX 360
Property Details
Home Type
Condominium
Est. Annual Taxes
$6,449
Year Built
1817
Lot Details
0
Listing Details
- Unit Level: 1
- Unit Placement: Street
- Property Type: Condominium/Co-Op
- Other Agent: 2.50
- Lead Paint: Unknown
- Special Features: None
- Property Sub Type: Condos
- Year Built: 1817
Interior Features
- Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
- Fireplaces: 1
- Has Basement: Yes
- Fireplaces: 1
- Number of Rooms: 6
- Amenities: Public Transportation, Shopping, T-Station
- Electric: Circuit Breakers
- Flooring: Wood, Tile, Laminate
- Bedroom 2: First Floor
- Bathroom #1: Basement
- Bathroom #2: First Floor
- Kitchen: Basement
- Laundry Room: Basement
- Living Room: Basement
- Master Bedroom: First Floor
- Master Bedroom Description: Bathroom - Full, Closet, Flooring - Hardwood
- Dining Room: Basement
- Oth1 Room Name: Office
- Oth1 Dscrp: Flooring - Laminate
- Oth1 Level: Basement
- No Living Levels: 2
Exterior Features
- Roof: Asphalt/Fiberglass Shingles
- Construction: Brick
- Exterior: Brick
- Exterior Unit Features: Patio - Enclosed
Garage/Parking
- Parking Spaces: 0
Utilities
- Cooling: Central Air
- Heating: Forced Air, Gas
- Hot Water: Natural Gas
- Sewer: City/Town Sewer
- Water: City/Town Water
Condo/Co-op/Association
- Association Fee Includes: Heat, Hot Water, Water, Sewer, Master Insurance, Exterior Maintenance
- Pets Allowed: Yes
- No Units: 4
- Unit Building: 1
Fee Information
- Fee Interval: Monthly
Lot Info
- Zoning: B
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 17, 2023
Sold by
White Angela
Bought by
Adk Family Invst
Current Estimated Value
Purchase Details
Listed on
Nov 2, 2021
Closed on
Dec 10, 2021
Sold by
Franklin Michele A
Bought by
White Angela
Seller's Agent
Justin Repp
Keller Williams Realty Evolution
Buyer's Agent
Mike Urban
eXp Realty
List Price
$485,000
Sold Price
$495,000
Premium/Discount to List
$10,000
2.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.44%
Purchase Details
Listed on
Nov 1, 2016
Closed on
Mar 30, 2017
Sold by
Frazier Forrest and Frazier Elizabeth
Bought by
Franklin Michelle
Seller's Agent
Pam McKee
Keller Williams Realty Evolution
Buyer's Agent
Northshorist Group
RE/MAX 360
List Price
$439,000
Sold Price
$434,000
Premium/Discount to List
-$5,000
-1.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.83%
Original Mortgage
$412,300
Interest Rate
4.15%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 29, 2007
Sold by
Pani Laura E and Pani Mario S
Bought by
Frazier Elizabeth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 20, 2004
Sold by
Lawrence Ellen M and Lawrence Michael D
Bought by
Pani Mario S and Pani Laurie
Purchase Details
Closed on
May 28, 2002
Sold by
Semlies Christopher J and Semlies Laura Ann
Bought by
Lawrence Michael D and Lawrence Ellen M
Purchase Details
Closed on
Jun 30, 1997
Sold by
B & M Rt
Bought by
Young Sean K and Wheelahan Robert E
Similar Homes in Salem, MA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Not Resolvable | $495,000 | None Available | |
| Not Resolvable | $434,000 | -- | |
| Deed | $375,000 | -- | |
| Deed | $336,000 | -- | |
| Deed | $254,000 | -- | |
| Deed | $100,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $412,300 | New Conventional | |
| Previous Owner | $339,950 | No Value Available | |
| Previous Owner | $356,250 | Purchase Money Mortgage | |
| Previous Owner | $111,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/17/2021 12/17/21 | Sold | $495,000 | +2.1% | $282 / Sq Ft |
| 11/13/2021 11/13/21 | Pending | -- | -- | -- |
| 11/02/2021 11/02/21 | For Sale | $485,000 | +11.8% | $277 / Sq Ft |
| 03/30/2017 03/30/17 | Sold | $434,000 | -1.1% | $247 / Sq Ft |
| 02/02/2017 02/02/17 | Pending | -- | -- | -- |
| 11/01/2016 11/01/16 | For Sale | $439,000 | -- | $250 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $6,449 | $568,700 | $0 | $568,700 |
| 2024 | $6,368 | $548,000 | $0 | $548,000 |
| 2023 | $6,184 | $494,300 | $0 | $494,300 |
| 2022 | $6,763 | $510,400 | $0 | $510,400 |
| 2021 | $6,561 | $475,400 | $0 | $475,400 |
| 2020 | $6,380 | $441,500 | $0 | $441,500 |
| 2019 | $6,300 | $417,200 | $0 | $417,200 |
| 2018 | $6,003 | $390,300 | $0 | $390,300 |
| 2017 | $5,603 | $353,300 | $0 | $353,300 |
| 2016 | $5,179 | $330,500 | $0 | $330,500 |
| 2015 | $5,143 | $313,400 | $0 | $313,400 |
Source: Public Records
Agents Affiliated with this Home
-
Justin Repp
Seller's Agent in 2021
Justin Repp
Keller Williams Realty Evolution
(978) 273-6680
1 in this area
107 Total Sales
-
Mike Urban
Buyer's Agent in 2021
Mike Urban
eXp Realty
(617) 686-9299
1 in this area
38 Total Sales
-
Pam McKee
Seller's Agent in 2017
Pam McKee
Keller Williams Realty Evolution
(978) 500-4047
8 in this area
105 Total Sales
-
N
Buyer's Agent in 2017
Northshorist Group
RE/MAX
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72088316
APN: SALE-000035-000000-000274-000801-000801
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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