NOT LISTED FOR SALE

Derby Lofts Condos 51 Lafayette St Unit 211 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $594,000 - $621,000

2 Beds
2 Baths
1,578 Sq Ft
$443/mo HOA Fee

Last Sold December 15, 2022

Last sale price $540,000 $342 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,146/month

9 Days on Market

Highlights

  • Marina
  • City View
  • Property is near public transit
  • Medical Services
  • Open Floorplan
  • 5-minute walk to Piperpont Park

About This Home

As of December 2022

Desirable CORNER-UNIT situated in one of Salem's chicest downtown condominiums ~ The Derby Lofts! This secure building with a well-managed association is located in the heart of historic Salem surrounded by top-notch restaurants, shops, hotels, museums, wharf waterfront and blocks away from either the Ferry or the Commuter Train to Boston. Inside you are greeted with towering high ceilings, massive windows streaming sunlight onto gleaming maple hardwood floors that will guide you through a large open concept floorplan. Kitchen is equipped with granite counters, designer tile backsplash, SS appliances and island. Primary suite boasts en-suite bath, walk-in closet and extra storage closet, Spacious 2nd bedroom provides another large closet. Other features include 2nd Full bath, entryway coat closet, in-unit laundry room, New high efficiency heating system, two elevators, PET Friendly and Unit Placement is a favorable location within building with only one neighbor.

Last Agent to Sell the Property

Michelle Doyle

Flow Realty, Inc. Listed on: 11/09/2022

Last Buyer's Agent

Kristin Moore

Redfin Corp.

Redfin Corp.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,662

Year Built

  • Built in 2003

Lot Details

  • 0.48

HOA Fees

  • $443 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Leased Parking
  • Common or Shared Parking

Home Design

  • Entry on the 2nd floor
  • Rubber Roof
  • Stone

Interior Spaces

  • 1,578 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Coffered Ceiling
  • Ceiling Fan
  • Decorative Lighting
  • Insulated Windows
  • Window Screens
  • Entrance Foyer
  • Wood Flooring
  • City Views
  • Intercom

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Separate Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Carlton Elementary School
  • Collins Middle School
  • Salem High School

Utilities

  • Forced Air Heating and Cooling System
  • 1 Cooling Zone
  • 1 Heating Zone
  • 110 Volts
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 340485811,4574207

Community Details

Overview

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

Amenities

  • Medical Services
  • Shops
  • Coin Laundry
  • Elevator

Recreation

  • Marina
  • Park
  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,662

Year Built

Built in 2003

Lot Details

0

HOA Fees

$443 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 2003
  • Buyer Agency: 2
  • Entry Level: 2
  • Transaction Broker: 1
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Interior Amenities: Closet, Closet - Walk-in, Entrance Foyer
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Gas Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Features: Ceiling Fan(s), Closet, Flooring - Hardwood
  • Room Bedroom2 Area: 143
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Room Master Bedroom Features: Bathroom - Full, Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood
  • Room Master Bedroom Area: 180
  • Master Bathroom Features: Yes
  • Bathroom 1 Area: 60
  • Bathroom 1 Features: Bathroom - Full, Bathroom - With Shower Stall
  • Bathroom 2 Area: 40
  • Bathroom 2 Features: Bathroom - Full
  • Room Kitchen Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid, Open Floorplan, Gas Stove, Lighting - Pendant
  • Room Kitchen Area: 117
  • Laundry Features: Gas Dryer Hookup, Washer Hookup, In Unit
  • Room Living Room Area: 400
  • Room Living Room Features: Ceiling Fan(s), Coffered Ceiling(s), Flooring - Hardwood, Cable Hookup, Open Floorplan
  • Basement: N
  • Living Area: 1578
  • Other Equipment: Intercom
  • Stories Total: 1
  • Window Features: Insulated Windows, Screens
  • MAIN LO: NB4184
  • LIST PRICE PER Sq Ft: 354.25
  • PRICE PER Sq Ft: 342.21
  • MAIN SO: NB3534

Exterior Features

  • Common Walls: Corner
  • Construction Materials: Stone
  • Roof: Rubber
  • View: City
  • View YN: Yes
  • Waterfront Features: Beach Front, Harbor, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Attached Garage YN: No
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Parking Features: Common, Leased

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, for Gas Dryer, Washer Hookup
  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • Electric: 110 Volts
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Public
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Amenities: Elevator(s)
  • Association Fee: 442.69
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Bike Path, House of Worship, Marina, Private School, Public School, T-Station, University
  • UNIT BUILDING: 211
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: 340485811,4574207
  • Zoning: B5
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 433
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5661.73
  • Tax Book Number: 35858

Multi Family

  • Number Of Units Total: 54
  • Basement Included Sq Ft: No
  • NO UNITS OWNER OCC: 48

MLS Schools

  • High School: Salem Hs
  • Elementary School: Carlton
  • Middle Or Junior School: Collins

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2022
Closed on
Dec 15, 2022
Sold by
Egan Richard O and Oyanedel Luis
Bought by
Martin Steven
Seller's Agent
Michelle Doyle
Flow Realty, Inc.
Buyer's Agent
Kristin Moore
Redfin Corp.
List Price
$559,000
Sold Price
$540,000
Premium/Discount to List
-$19,000
-3.4%
Views
46
Current Estimated Value
$608,988

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,988
Avg. Annual Appreciation
4.26%
Original Mortgage
$270,000
Outstanding Balance
$263,227
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$342,898

Purchase Details

Listed on
Mar 31, 2017
Closed on
May 11, 2017
Sold by
Derby Lofts Llc
Bought by
Egan Richard O and Oyanedel Luis
Seller's Agent
Thomas Costagliola
Experience Real Estate
Buyer's Agent
Christine Silverstein
J. Barrett & Company
List Price
$399,888
Sold Price
$390,000
Premium/Discount to List
-$9,888
-2.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.98%

Purchase Details

Closed on
Feb 25, 2004
Sold by
Derby Lofts Llc
Bought by
Derby Lofts Llc
Source: Public Records

Range of Values:

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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
Martin Steven $540,000 None Available
Egan Richard O $390,000 --
Derby Lofts Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Steven $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2022 12/15/22 Sold $540,000 -3.4% $342 / Sq Ft
11/19/2022 11/19/22 Pending -- -- --
11/09/2022 11/09/22 For Sale $559,000 +43.3% $354 / Sq Ft
05/11/2017 05/11/17 Sold $390,000 -2.5% $247 / Sq Ft
04/11/2017 04/11/17 Pending -- -- --
03/31/2017 03/31/17 For Sale $399,888 -- $253 / 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 $5,841 $515,100 $0 $515,100
2024 $5,657 $486,800 $0 $486,800
2023 $5,833 $466,300 $0 $466,300
2022 $5,662 $427,300 $0 $427,300
2021 $5,528 $400,600 $0 $400,600
2020 $5,780 $400,000 $0 $400,000
2019 $5,663 $375,000 $0 $375,000
2018 $5,303 $344,800 $0 $344,800
2017 $5,205 $328,200 $0 $328,200
2016 $4,971 $317,200 $0 $317,200
2015 $4,628 $282,000 $0 $282,000
Source: Public Records

Agents Affiliated with this Home

  • Michelle Doyle

    Seller's Agent in 2022

    Michelle Doyle

    Flow Realty, Inc.

    (978) 697-9924

    2 in this area

    46 Total Sales

    Michelle Doyle
    Section Image

  • K

    Buyer's Agent in 2022

    Kristin Moore

    Redfin Corp.

    Section Image

  • T

    Seller's Agent in 2017

    Thomas Costagliola

    Experience Real Estate

    5 Total Sales

    Thomas Costagliola
    Section Image

  • C

    Buyer's Agent in 2017

    Christine Silverstein

    J. Barrett & Company

See All Agents

About Derby Lofts Condos

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73056558

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000485-000811-000811

Massachusetts Essex County Salem 01970 Downtown Salem

51 Lafayette St Unit 211, Salem, MA

This home is located at 51 Lafayette St Unit 211, Salem, MA 01970 since 09 November 2022 and is currently estimated at $608,988, approximately $385 per square foot. This property was built in 2003. 51 Lafayette St Unit 211 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.

MLS Property Information Network (MLS PIN) 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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