NOT LISTED FOR SALE

Estimated Value: $604,000 - $629,504

2 Beds
2 Baths
1,627 Sq Ft
$446/mo HOA Fee

Last Sold December 20, 2024

Last sale price $589,000 $362 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,280/month

16 Days on Market

Highlights

  • Marina
  • Custom Closet System
  • Wood Flooring
  • Open Floorplan
  • Property is near public transit
  • 5-minute walk to Piperpont Park

About This Home

As of December 2024

Awesome Derby Lofts unit in Downtown Historic Salem! This bright & airy 2nd floor condo w/massive windows boasting great downtown views epitomizes loft living. Enjoy the cosmopolitan lifestyle this location affords with museums, gourmet shops, bakeries, boutiques, fabulous restaurants and fun nightlife right outside your door!! The open layout kitchen boasts Brand New quartz countertops added to abundant maple cabinetry plus peninsula seating for 4+. The spacious living area w/exposed brick wall allows for a dining area as well. Newly refinished maple floors lighten the space as well as the freshly painted interior-creating a blank canvas for your creativity! The renovated main bath features an oversized glass shower & quartz vanity while the 2nd full bath features a pedestal sink - both w/tiled floors. BONUS: Pro closet organizers, enormous in-unit storage room w/laundry, shelving units, updated hvac & htwtr plus natural gas appliances & utilities. Commuter rail & ferry minutes away!!

Last Agent to Sell the Property

Pam McKee

Keller Williams Realty Evolution Listed on: 11/06/2024

Keller Williams Realty Evolution

Last Buyer's Agent

Kimberly Kearns-Nardone

Kearns Nardone Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,679

Year Built

  • Built in 2003

Lot Details

  • 0.48

HOA Fees

  • $446 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Leased Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,627 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Dining Area
  • Basement

Kitchen

  • Stove
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • Custom Closet System
  • 2 Full Bathrooms
  • Pedestal Sink
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry on upper level
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Hydro-Air Heating System

Additional Features

  • Two or More Common Walls
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 4592011

Community Details

Overview

  • Association fees include water, sewer, insurance, security, maintenance structure, snow removal, trash, reserve funds
  • 60 Units
  • High-Rise Condominium
  • Derby Lofts Community

Amenities

  • Shops
  • Elevator

Recreation

  • Marina
  • Park

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,679

Year Built

Built in 2003

Lot Details

0

HOA Fees

$446 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: High-Rise
  • Year Built: 2003
  • Entry Level: 2
  • Year Built Details: Actual
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Plans
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood, Tile
  • Interior Amenities: Closet/Cabinets - Custom Built
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: Second
  • Room Bedroom2 Features: Closet/Cabinets - Custom Built, Flooring - Hardwood
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Room Master Bedroom Features: Closet/Cabinets - Custom Built, Flooring - Hardwood
  • Room Master Bedroom Level: Second
  • Master Bathroom Features: Yes
  • Bathroom 1 Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Pedestal Sink
  • Bathroom 1 Level: Second
  • Bathroom 2 Level: Second
  • Bathroom 2 Features: Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
  • Room Dining Room Features: Flooring - Hardwood, Open Floorplan
  • Room Dining Room Level: Second
  • Room Kitchen Level: Second
  • Room Kitchen Features: Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Open Floorplan, Gas Stove, Peninsula
  • Laundry Features: Dryer Hookup - Electric, Washer Hookup, Second Floor, In Unit
  • Room Living Room Level: Second
  • Room Living Room Features: Flooring - Hardwood, Open Floorplan
  • Basement: Y
  • Living Area: 1627
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: C95098
  • LIST PRICE PER Sq Ft: 362.02
  • PRICE PER Sq Ft: 362.02
  • MAIN SO: AC1531
  • Insulation: Full

Exterior Features

  • Common Walls: 2+ Common Walls
  • Construction Materials: Brick
  • Home Warranty YN: No
  • Waterfront Features: Beach Front, 3/10 to 1/2 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage YN: No
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Parking Features: Detached, Leased

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas, Hydro Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: sesd

Condo/Co-op/Association

  • Association Amenities: Elevator(s)
  • Association Fee: 446.29
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Shopping, Park, Marina, T-Station
  • Senior Community YN: No
  • UNIT BUILDING: 209
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Security, Maintenance Structure, Snow Removal, Trash, Reserve Funds

Lot Info

  • Parcel Number: 4592011
  • Zoning: B1
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 147
  • OUTDOOR SPACE AVAILABLE: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5679
  • Tax Book Number: 38121

Multi Family

  • Number Of Units Total: 60
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2019
Sold by
Nastasi Richard and Nastasi Sarah
Bought by
Frank G Nastasi Ft
Current Estimated Value
$618,626

Purchase Details

Listed on
May 13, 2015
Closed on
Aug 21, 2015
Sold by
Mccafferty Brian and Mccafferty Beth
Bought by
Nastasi Sarah and Nastasi Richard
Seller's Agent
Joyce Cucchiara
Coldwell Banker Realty - Lynnfield
Buyer's Agent
Frances Frisella
Coldwell Banker Realty - Lynnfield
List Price
$347,500
Sold Price
$338,000
Premium/Discount to List
-$9,500
-2.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.35%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Frank G Nastasi Ft -- None Available
Nastasi Sarah $338,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Shanda $471,200
Closed Brown Shanda $471,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2024 12/20/24 Sold $589,000 0.0% $362 / Sq Ft
11/22/2024 11/22/24 Pending -- -- --
11/06/2024 11/06/24 For Sale $589,000 +74.3% $362 / Sq Ft
08/21/2015 08/21/15 Sold $338,000 0.0% $208 / Sq Ft
07/26/2015 07/26/15 Off Market $338,000 -- --
05/13/2015 05/13/15 For Sale $347,500 -- $214 / 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 $5,866 $517,300 $0 $517,300
2024 $5,679 $488,700 $0 $488,700
2023 $5,920 $473,200 $0 $473,200
2022 $5,745 $433,600 $0 $433,600
2021 $5,608 $406,400 $0 $406,400
2020 $5,864 $405,800 $0 $405,800
2019 $5,744 $380,400 $0 $380,400
2018 $5,378 $349,700 $0 $349,700
2017 $5,280 $332,900 $0 $332,900
2016 $5,039 $321,600 $0 $321,600
2015 $4,693 $286,000 $0 $286,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73310118

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000485-000809-000809