NOT LISTED FOR SALE

5 Derby Square Unit 3 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $646,582 - $811,000

2 Beds
2 Baths
1,600 Sq Ft
1817 Built

Last Sold June 28, 2017

Last sale price $480,000 $300 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,541/month

8 Days on Market

About This Home

As of June 2017

TRULY One of a kind Ultra Hip 1600 sq ft, 2 bedroom/2 full bath brick townhouse smack in the heart of Historic Salem w/a deeded parking space! This unique Loft Style unit is the total package with exposed brick in every room, hardwood floors, cathedral ceilings, fantastic wooden balusters - all on 2 spacious levels. Meticulously maintained and updated with an artistic eye, this residence blends urban style with the classic brick and beam loft look. With the newly remodeled master bathroom that includes a glass shower, vessel sink and tile floor, a skylight in the huge master bedroom, great city views, industrial chic lighting fixtures, incredible storage and an open concept living area, this space has it all. Bonus: central a/c, gas heat & hot water included in a low fee, a huge walk-in closet and a private (and spacious) deck. Literally steps to all that downtown Salem has to offer while being less than a 1/2 mile to the commuter rail. You Do NOT want to miss this RARE opportunity!

Last Agent to Sell the Property

Pam McKee

Keller Williams Realty Evolution Listed on: 04/24/2017

Keller Williams Realty Evolution

Last Buyer's Agent

The Mavroules Team

Good Deeds Realty Partners

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,863

Year Built

1817

Lot Details

0

Listing Details

  • Unit Level: 2
  • Unit Placement: Upper, Top/Penthouse
  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Townhouse, Loft
  • Other Agent: 2.50
  • Lead Paint: Unknown
  • Year Built Description: Actual
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1817

Interior Features

  • Has Basement: No
  • Primary Bathroom: Yes
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, T-Station
  • Electric: Circuit Breakers
  • Flooring: Wood, Tile
  • Bedroom 2: Second Floor
  • Bathroom #1: Second Floor
  • Bathroom #2: Third Floor
  • Kitchen: Second Floor
  • Laundry Room: Second Floor
  • Living Room: Second Floor
  • Master Bedroom: Third Floor
  • Master Bedroom Description: Skylight, Ceiling - Cathedral, Closet - Walk-in, Flooring - Hardwood, Balcony - Interior
  • Dining Room: Second Floor
  • No Bedrooms: 2
  • Full Bathrooms: 2
  • Oth1 Room Name: Entry Hall
  • Oth1 Dscrp: Closet - Walk-in
  • Oth1 Level: Second Floor
  • No Living Levels: 2
  • Main Lo: C95098
  • Main So: NB9147

Exterior Features

  • Construction: Brick
  • Exterior: Brick
  • Exterior Unit Features: Deck

Garage/Parking

  • Parking: Deeded
  • Parking Spaces: 1

Utilities

  • Hot Water: Natural Gas
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Condominium Name: 5-7 Derby Square Condominium
  • Association Fee Includes: Heat, Hot Water, Water, Sewer, Master Insurance
  • Management: Owner Association
  • Pets Allowed: Yes
  • No Units: 4
  • Unit Building: 3

Fee Information

  • Fee Interval: Monthly

Lot Info

  • Zoning: B5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2017
Closed on
Jun 28, 2017
Sold by
Rozensky Jordyn R
Bought by
Dietz Laura H and Dietz David R
Seller's Agent
Pam McKee
Keller Williams Realty Evolution
Buyer's Agent
The Mavroules Team
Good Deeds Realty Partners
List Price
$425,000
Sold Price
$480,000
Premium/Discount to List
$55,000
12.94%
Current Estimated Value
$718,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,646
Avg. Annual Appreciation
4.32%
Original Mortgage
$280,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 19, 2011
Closed on
May 1, 2012
Sold by
Oneill Michael J
Bought by
Rozensky Jordyn R
Seller's Agent
Gary Blattberg
RE/MAX Beacon
Buyer's Agent
Deirdre Blake
J. Barrett & Company
List Price
$269,900
Sold Price
$235,000
Premium/Discount to List
-$34,900
-12.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.84%
Original Mortgage
$188,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 1994
Sold by
Gauthier Robert E and Murphy Edward J
Bought by
Oneill Michael J
Source: Public Records

Range of Values:

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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
Dietz Laura H $480,000 --
Rozensky Jordyn R $235,000 --
Oneill Michael J $121,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dietz David R $356,000
Closed Dietz David R $271,000
Closed Dietz Laura H $280,000
Previous Owner Oneill Michael J $188,000
Previous Owner Oneill Michael J $238,200
Previous Owner Oneill Michael J $233,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2017 06/28/17 Sold $480,000 +12.9% $300 / Sq Ft
05/02/2017 05/02/17 Pending -- -- --
04/24/2017 04/24/17 For Sale $425,000 +80.9% $266 / Sq Ft
05/01/2012 05/01/12 Sold $235,000 -7.8% $147 / Sq Ft
04/17/2012 04/17/12 Pending -- -- --
02/27/2012 02/27/12 Price Changed $255,000 -1.9% $159 / Sq Ft
10/28/2011 10/28/11 Price Changed $259,900 -3.7% $162 / Sq Ft
07/19/2011 07/19/11 For Sale $269,900 -- $169 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $6,863 $605,200 $0 $605,200
2024 $6,736 $579,700 $0 $579,700
2023 $6,451 $515,700 $0 $515,700
2022 $6,971 $526,100 $0 $526,100
2021 $6,763 $490,100 $0 $490,100
2020 $6,578 $455,200 $0 $455,200
2019 $6,339 $419,800 $0 $419,800
2018 $5,455 $354,700 $0 $354,700
2017 $5,354 $337,600 $0 $337,600
2016 $4,949 $315,800 $0 $315,800
2015 $4,915 $299,500 $0 $299,500
Source: Public Records

Agents Affiliated with this Home

  • Pam McKee

    Seller's Agent in 2017

    Pam McKee

    Keller Williams Realty Evolution

    (978) 500-4047

    8 in this area

    105 Total Sales

    Pam McKee
    Section Image
  • The Mavroules Team

    Buyer's Agent in 2017

    The Mavroules Team

    Good Deeds Realty Partners

    (781) 866-6195

    147 Total Sales

    The Mavroules Team
    Section Image
  • Gary Blattberg

    Seller's Agent in 2012

    Gary Blattberg

    RE/MAX

    (978) 882-4469

    2 in this area

    128 Total Sales

    Gary Blattberg
    Section Image
  • Deirdre Blake

    Buyer's Agent in 2012

    Deirdre Blake

    J. Barrett & Company

    (781) 820-4681

    18 Total Sales

    Deirdre Blake
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72152359

MLS Property Information Network (MLS PIN)

APN: SALE-000035-000000-000274-000803-000803

Massachusetts Essex County Salem 01970 Downtown Salem

5 Derby Square Unit 3, Salem, MA

This home is located at 5 Derby Square Unit 3, Salem, MA 01970 since 24 April 2017 and is currently estimated at $718,646, approximately $449 per square foot. This property was built in 1817. 5 Derby Square Unit 3 is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

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