NOT LISTED FOR SALE

Derby Lofts Condos 51 Lafayette St Unit 307 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $575,000 - $625,000

2 Beds
2 Baths
1,527 Sq Ft
$448/mo HOA Fee

Last Sold September 21, 2023

Last sale price $540,000 $354 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,108/month

4 Days on Market

Highlights

  • Marina
  • Medical Services
  • Property is near public transit
  • Golf Course Community
  • Open Floorplan
  • 5-minute walk to Piperpont Park

About This Home

As of September 2023

Welcome to the highly desirable Derby Lofts! Offering young construction (2003) loft living in the heart of historic Salem, with dozens of restaurants, shops & historic sites just outside your door. This nicely updated 2 Bedroom, 2 Full Bath unit offers a wide open floor plan with 12' ceilings, huge windows & wonderful natural light. Kitchen boasts GAS cooking, granite counters, young appliances and plenty of quality cabinets. It opens nicely to the spacious Dining & Living Rooms, perfect for either large gatherings or quiet evenings at home. Both Bedrooms boast the same soaring ceilings, oversized windows & their own Bathrooms. EXCELLENT closet space, including a large walk-in closet & oversized in-unit laundry room. Additional amenities include: new Navien tankless hot water (1.5 +/- yrs), brand new dishwasher, new garbage disposal, new Fridge & Microwave (2yrs +/-) and new vanity & floor in Main Bath. Easy access to the Train, Ferry & Waterfront, this is truly a real gem!!!

Last Agent to Sell the Property

Angie Sciarappa

North Star RE Agents, LLC Listed on: 08/17/2023

Last Buyer's Agent

Melissa Weinand

The Proper Nest Real Estate

The Proper Nest Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,743

Year Built

  • Built in 2003

Lot Details

  • Near Conservation Area
  • Two or More Common Walls

HOA Fees

  • $448 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Brick Exterior Construction
  • Stone

Interior Spaces

  • 1,527 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Insulated Windows

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Security Gate
  • Intercom

Parking

  • 1 Car Parking Space
  • Leased Parking

Eco-Friendly Details

  • Energy-Efficient Thermostat

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Forced Air Heating and Cooling System
  • 1 Cooling Zone
  • 1 Heating Zone
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number M:34 L:0485 S:818,4656142

Community Details

Overview

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

Amenities

  • Medical Services
  • Shops
  • Coin Laundry
  • Elevator

Recreation

  • Marina
  • Golf Course Community
  • Jogging Path
  • Bike Trail

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,743

Year Built

Built in 2003

Lot Details

0

HOA Fees

$448 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise, Loft
  • Year Built: 2003
  • Buyer Agency: 2
  • Entry Level: 3
  • 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: None
  • Stories: 1

Interior Features

  • Flooring: Wood, Tile, Vinyl
  • Entry Location: Unit Placement(Upper)
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Flooring - Wood
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Room Master Bedroom Features: Bathroom - Full, Walk-In Closet(s), Flooring - Wood
  • Room Master Bedroom Level: First
  • Master Bathroom Features: Yes
  • Bathroom 1 Features: Bathroom - Full, Flooring - Stone/Ceramic Tile
  • Bathroom 1 Level: First
  • Bathroom 2 Level: First
  • Bathroom 2 Features: Bathroom - Full, Flooring - Stone/Ceramic Tile
  • Room Dining Room Features: Flooring - Wood, Open Floorplan
  • Room Dining Room Level: First
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Wood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Open Floorplan, Stainless Steel Appliances
  • Laundry Features: First Floor, In Unit, Washer Hookup
  • Room Living Room Level: First
  • Room Living Room Features: Flooring - Wood, Open Floorplan
  • Basement: N
  • Living Area: 1527
  • Other Equipment: Intercom
  • Spa YN: No
  • Stories Total: 1
  • Window Features: Insulated Windows
  • MAIN LO: AN2757
  • LIST PRICE PER Sq Ft: 353.63
  • PRICE PER Sq Ft: 353.63
  • MAIN SO: AN6899

Exterior Features

  • Common Walls: 2+ Common Walls
  • Construction Materials: Brick, Stone
  • Home Warranty YN: No
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Leased
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
  • Cooling: Central Air, Individual, Unit Control
  • Heating: Forced Air, Natural Gas, Individual, Unit Control
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Security Features: Intercom, Security Gate
  • Water Source: Public
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Amenities: Elevator(s)
  • Association Fee: 447.69
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University
  • Senior Community YN: No
  • UNIT BUILDING: 307
  • 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: M:34 L:0485 S:818,4656142
  • Zoning: B5
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 371
  • OUTDOOR SPACE AVAILABLE: No
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5743
  • Tax Book Number: 34182

Multi Family

  • Number Of Units Total: 54
  • Basement Included Sq Ft: No
  • NO UNITS OWNER OCC: 46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2023
Closed on
Sep 21, 2023
Sold by
Ronald A Crocker T A and Ronald Crocker
Bought by
Jacir Joseph A
Seller's Agent
Angie Sciarappa
North Star RE Agents, LLC
Buyer's Agent
Melissa Weinand
The Proper Nest Real Estate
List Price
$540,000
Sold Price
$540,000
Views
514
Current Estimated Value
$602,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,916
Avg. Annual Appreciation
5.24%
Original Mortgage
$303,000
Outstanding Balance
$297,144
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$300,950

Purchase Details

Closed on
Feb 23, 2022
Sold by
Crocker Ronald
Bought by
Ronald A Crocker T A and Ronald Crocker

Purchase Details

Closed on
Mar 30, 2006
Sold by
Derby Lofts Llc
Bought by
Trodella Claire D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,920
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Jacir Joseph A $540,000 None Available
Ronald A Crocker T A -- None Available
Trodella Claire D $379,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jacir Joseph A $303,000
Previous Owner Crocker Ronald $258,750
Previous Owner Trodella Claire D $303,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2023 09/21/23 Sold $540,000 0.0% $354 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
08/17/2023 08/17/23 For Sale $540,000 +56.5% $354 / Sq Ft
06/30/2015 06/30/15 Sold $345,000 0.0% $226 / Sq Ft
05/04/2015 05/04/15 Off Market $345,000 -- --
04/25/2015 04/25/15 Price Changed $354,900 -1.4% $232 / Sq Ft
03/13/2015 03/13/15 For Sale $359,900 -- $236 / 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 $5,710 $503,500 $0 $503,500
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 -- $277,900 $0 $277,900
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Angie Sciarappa

    North Star RE Agents, LLC

    2 in this area

    100 Total Sales

    Angie Sciarappa
    Section Image

  • M

    Buyer's Agent in 2023

    Melissa Weinand

    The Proper Nest Real Estate

    (781) 254-8669

    2 in this area

    244 Total Sales

    Melissa Weinand
    Section Image

  • J

    Seller's Agent in 2015

    John Twomey

    Harbor Rental & Realty

    Section Image

  • H

    Buyer's Agent in 2015

    Hilary Foutes

    Sagan Harborside Sotheby's International Realty

    Section Image
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About Derby Lofts Condos

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73149437

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000485-000818-000818

Massachusetts Essex County Salem 01970 Downtown Salem

51 Lafayette St Unit 307, Salem, MA

This home is located at 51 Lafayette St Unit 307, Salem, MA 01970 since 17 August 2023 and is currently estimated at $602,916, approximately $394 per square foot. This property was built in 2003. 51 Lafayette St Unit 307 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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