Seller's Agent in 2024
Diane Mayo
Lamacchia Realty, Inc.
(978) 500-0657
1 in this area
47 Total Sales
Derby Lofts Condos 51 Lafayette St Unit 207 Salem, MA 01970
Downtown Salem NeighborhoodEstimated Value: $575,000 - $618,000
2
Beds
2
Baths
1,527
Sq Ft
$443/mo
HOA Fee
Highlights
- Golf Course Community
- 0.48 Acre Lot
- Wood Flooring
- Medical Services
- Property is near public transit
- 5-minute walk to Piperpont Park
About This Home
As of March 2024Open House CANCELLED. Welcome to urban sophistication in the heart of historic downtown Salem! Situated within 1/2 mile from the commuter rail, restaurants, shops, and the Peabody Essex Museum! This stunning condo offers the perfect blend of modern luxury and historic charm, providing an unparalleled living experience. As you step into the residence, you'll be captivated by the seamless open floor plan that effortlessly combines the living, dining, and kitchen areas. The spacious layout is enhanced by the presence of exposed brick, adding a touch of character and warmth to the contemporary design. Escape to the primary suite, you'll find a full bathroom and the walk-in closet which adds a practical touch, ensuring ample storage space for your wardrobe and personal belongings. Brand new HVAC system installed in 2022, in-unit laundry, and professionally managed association that’s pet friendly! Come home to Derby Lofts!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,743
Year Built
- Built in 2003
Lot Details
- 0.48
HOA Fees
- $443 Monthly HOA Fees
Home Design
- Entry on the 2nd floor
- Brick Exterior Construction
- Rubber Roof
Interior Spaces
- 1,527 Sq Ft Home
- 1-Story Property
- Entrance Foyer
- Intercom
Kitchen
- Stove
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- 1 Car Parking Space
- Leased Parking
Location
- Property is near public transit
- Property is near schools
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- 200+ Amp Service
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 807 / 0485
- Assessor Parcel Number M:34 L:0485 S:807,4533462
Community Details
Overview
- Association fees include water, sewer, insurance, security, maintenance structure, snow removal, trash, reserve funds
- 54 Units
- Mid-Rise Condominium
- Derby Lofts Community
Amenities
- Medical Services
- Coin Laundry
- Elevator
Recreation
- Golf Course Community
- Park
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 2, 2019
Sold by
Nastasi Richard J and Nastasi Sarah R
Bought by
Nastasi Ft
Current Estimated Value
Purchase Details
Listed on
Mar 26, 2015
Closed on
Aug 10, 2015
Sold by
Keller Joan
Bought by
J Keller J and Menendez M
Seller's Agent
Crowell & Frost Realty Group
J. Barrett & Company
Buyer's Agent
Nancy Sclafani
J. Barrett & Company
List Price
$369,000
Sold Price
$355,000
Premium/Discount to List
-$14,000
-3.79%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.11%
Purchase Details
Closed on
Nov 19, 2010
Sold by
Vanfaasen William Joseph and Vanfaasen William C
Bought by
Webb Wallace O
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 28, 2006
Sold by
Derby Lofts Llc
Bought by
Vanfaasen William Joseph
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nastasi Ft | -- | None Available | |
| J Keller J | -- | -- | |
| Webb Wallace O | $260,000 | -- | |
| Vanfaasen William Joseph | $374,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Korpi John | $456,000 | |
| Closed | Nastasi Ft | $100,000 | |
| Previous Owner | Nastasi Richard J | $250,000 | |
| Previous Owner | Vanfaasen William Joseph | $208,000 | |
| Previous Owner | Vanfaasen William Joseph | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/08/2024 03/08/24 | Sold | $569,000 | 0.0% | $373 / Sq Ft |
| 01/27/2024 01/27/24 | Pending | -- | -- | -- |
| 01/25/2024 01/25/24 | For Sale | $569,000 | 0.0% | $373 / Sq Ft |
| 01/24/2024 01/24/24 | Off Market | $569,000 | -- | -- |
| 01/24/2024 01/24/24 | For Sale | $569,000 | 0.0% | $373 / Sq Ft |
| 12/21/2023 12/21/23 | Pending | -- | -- | -- |
| 12/14/2023 12/14/23 | For Sale | $569,000 | +42.6% | $373 / Sq Ft |
| 07/31/2017 07/31/17 | Sold | $399,000 | 0.0% | $261 / Sq Ft |
| 05/31/2017 05/31/17 | Pending | -- | -- | -- |
| 05/26/2017 05/26/17 | For Sale | $399,000 | +12.4% | $261 / Sq Ft |
| 07/20/2015 07/20/15 | Sold | $355,000 | 0.0% | $232 / Sq Ft |
| 07/01/2015 07/01/15 | Pending | -- | -- | -- |
| 06/18/2015 06/18/15 | Off Market | $355,000 | -- | -- |
| 05/08/2015 05/08/15 | Price Changed | $359,900 | -2.5% | $236 / Sq Ft |
| 03/26/2015 03/26/15 | For Sale | $369,000 | 0.0% | $242 / Sq Ft |
| 03/13/2014 03/13/14 | Rented | $1,950 | -2.5% | -- |
| 02/11/2014 02/11/14 | Under Contract | -- | -- | -- |
| 02/10/2014 02/10/14 | For Rent | $2,000 | -- | -- |
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 | $5,572 | $491,400 | $0 | $491,400 |
| 2024 | $5,525 | $475,500 | $0 | $475,500 |
| 2023 | $5,743 | $459,100 | $0 | $459,100 |
| 2022 | $5,576 | $420,800 | $0 | $420,800 |
| 2021 | $5,443 | $394,400 | $0 | $394,400 |
| 2020 | $5,692 | $393,900 | $0 | $393,900 |
| 2019 | $5,576 | $369,300 | $0 | $369,300 |
| 2018 | $5,225 | $339,700 | $0 | $339,700 |
| 2017 | $5,129 | $323,400 | $0 | $323,400 |
| 2016 | $4,897 | $312,500 | $0 | $312,500 |
| 2015 | $4,560 | $277,900 | $0 | $277,900 |
Source: Public Records
Agents Affiliated with this Home
-
Diane Mayo
-
ellen mulder
Buyer's Agent in 2024
ellen mulder
Amo Realty - Boston City Properties
(484) 678-3402
1 in this area
31 Total Sales
-
Thomas Costagliola
T
Seller's Agent in 2017
Thomas Costagliola
Experience Real Estate
5 Total Sales
-
Paul Healey
Buyer's Agent in 2017
Paul Healey
Premier Realty Group, Inc.
(781) 439-9634
2 Total Sales
-
Crowell & Frost Realty Group
Seller's Agent in 2015
Crowell & Frost Realty Group
J. Barrett & Company
(978) 578-6570
1 in this area
141 Total Sales
-
N
Buyer's Agent in 2015
Nancy Sclafani
J. Barrett & Company
About Derby Lofts Condos
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73187515
APN: SALE-000034-000000-000485-000807-000807
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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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