NOT LISTED FOR SALE

5 Derby Square Unit 1 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $572,000 - $656,000

2 Beds
2 Baths
1,754 Sq Ft
$353/Sq Ft Est. Value

About This Home

This home is located at 5 Derby Square Unit 1, Salem, MA 01970 and is currently estimated at $618,983, approximately $352 per square foot. 5 Derby Square Unit 1 is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

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
$618,983

Purchase Details

Closed on
Dec 10, 2021
Sold by
Franklin Michele A
Bought by
White Angela

Purchase Details

Closed on
Mar 30, 2017
Sold by
Frazier Forrest and Frazier Elizabeth
Bought by
Franklin Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Adk Family Invst -- None Available
White Angela $495,000 None Available
Franklin Michelle $434,000 --
Frazier Elizabeth $375,000 --
Pani Mario S $336,000 --
Lawrence Michael D $254,000 --
Young Sean K $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Franklin Michelle $412,300
Previous Owner Young Sean K $339,950
Previous Owner Young Sean K $356,250
Previous Owner Young Sean K $111,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

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

Map

Massachusetts Essex County Salem 01970 Downtown Salem

5 Derby Square Unit 1, Salem, MA

Homes for Sale in Salem, MA

This home is located at 5 Derby Square Unit 1, Salem, MA 01970 and is currently estimated at $618,983, approximately $352 per square foot. 5 Derby Square Unit 1 is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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