NOT LISTED FOR SALE

Derby Lofts Condos 51 Lafayette St Unit 411 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $604,000 - $647,587

2 Beds
2 Baths
1,576 Sq Ft
$475/mo HOA Fee

Last Sold September 12, 2019

Last sale price $439,500 $279 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $4,319/month

24 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • 5-minute walk to Piperpont Park

About This Home

As of September 2019

Fabulous condo in downtown Salem - High ceilings, lots of light, beautifully finished, wide open concept living spaces, walls of windows, awesome views. The best of one-floor living - Don't miss seeing this luxury upper level corner unit - Gourmet kitchen has stainless appliances and granite counters and overlooks the living room and dining area. Wood floors, in-unit laundry, 2 bedrooms, 2 full bathrooms. A short walk to shops, restaurants, museums, the waterfront (and the ferry to Boston), the Salem Common and much more.

Last Agent to Sell the Property

Christine Cowden

Compass Listed on: 07/02/2019

Compass

Last Buyer's Agent

Jennifer Schneider

Century 21 Elite Realty

Century 21 Elite Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,477

Year Built

  • Built in 2003

Lot Details

  • Year Round Access

HOA Fees

  • $475 per month

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number M:34 L:0485 S:833

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,477

Year Built

Built in 2003

Lot Details

0

HOA Fees

$475 per month

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Garden
  • Other Agent: 1.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 284.90
  • Comp Based On: Net Sale Price
  • Year Built: 2003
  • Lead Paint: Unknown
  • Year Round: Yes
  • Unit Building: 411
  • Unit Level: 4
  • Unit Placement: Upper, Corner
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2003

Interior Features

  • Flooring: Wood, Tile
  • Interior Amenities: Cable Available
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • No Bedrooms: 2
  • Master Bedroom: On Level: Fourth Floor, Bathroom - Full, Ceiling - Cathedral, Flooring - Wood, Window(s) - Picture, Main Level
  • Bedroom 2: On Level: Fourth Floor, Flooring - Wood, Window(s) - Picture
  • Full Bathrooms: 2
  • Primary Bathroom: Yes
  • Bathroom 1: On Level: Fourth Floor, Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Main Level
  • Bathroom 2: On Level: Fourth Floor, Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Main Level
  • No Rooms: 4
  • Dining Room: On Level: Fourth Floor, Ceiling - Cathedral, Flooring - Wood, Window(s) - Picture, Main Level, Open Floor Plan
  • Kitchen: On Level: Fourth Floor, Ceiling - Cathedral, Flooring - Wood, Window(s) - Picture, Countertops - Stone/Granite/Solid, Main Level, Kitchen Island, Cabinets - Upgraded, Open Floor Plan, Stainless Steel Appliances, Gas Stove
  • Laundry: On Level: Fourth Floor, Main Level
  • Living Room: On Level: Fourth Floor, Ceiling - Cathedral, Flooring - Wood, Window(s) - Picture, Main Level, Open Floor Plan
  • No Living Levels: 1
  • Main Lo: K95001
  • Main So: B99191
  • Estimated Sq Ft: 1576.00

Exterior Features

  • Construction: Brick
  • Roof Material: Rubber
  • Exterior: Brick

Garage/Parking

  • Parking Feature: Rented
  • Parking Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Marina
  • HOA Fees: 475.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Elevator, Exterior Maintenance, Refuse Removal, Reserve Funds
  • Condo Association: Yes
  • Management: Professional - Off Site

Association/Amenities

  • Condominium Name: Derby Lofts

Lot Info

  • Assessments: 415400.00
  • Acre: 0.48
  • Lot Size: 20909.00
  • Page: 395
  • Parcel Number: M:34 L:0485 S:833
  • Zoning: B5

Green Features

  • Energy Features: Insulated Windows

Tax Info

  • Taxes: 6273.00
  • Assessor Parcel Number: 4656142

Multi Family

  • No Units: 54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2021
Sold by
Mason George S and Mason Haley E
Bought by
411 Derby Lofts Llc
Current Estimated Value
$625,647

Purchase Details

Listed on
Jul 2, 2019
Closed on
Sep 10, 2019
Sold by
Brenton Monica G and Brenton Timothy B
Bought by
Mason George S and Mason Haley E
Seller's Agent
Christine Cowden
Compass
Buyer's Agent
Jennifer Schneider
Century 21 Elite Realty
List Price
$449,000
Sold Price
$439,500
Premium/Discount to List
-$9,500
-2.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.04%
Original Mortgage
$351,600
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 29, 2016
Closed on
Oct 14, 2016
Sold by
Fagnilli-Fuentes Mariana
Bought by
Brenton Timothy B and Brenton Monica G
Seller's Agent
Mark Wade
Coldwell Banker Realty - Marblehead
Buyer's Agent
Christine Cowden
Compass
List Price
$409,900
Sold Price
$410,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.42%

Purchase Details

Listed on
Feb 18, 2014
Closed on
Jun 2, 2014
Sold by
Costa Stephen E and Costa Nicole K
Bought by
Fagnilli-Fuentes Mariana
Seller's Agent
Mitch Levine
RE/MAX Beacon
Buyer's Agent
Mark Wade
Coldwell Banker Realty - Marblehead
List Price
$364,900
Sold Price
$354,900
Premium/Discount to List
-$10,000
-2.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$280,800
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 7, 2005
Sold by
Derby Lofts Llc
Bought by
Costa Stephen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,163
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
411 Derby Lofts Llc -- None Available
Mason George S $439,500 --
Brenton Timothy B $410,000 --
Fagnilli-Fuentes Mariana $351,975 --
Costa Stephen E $411,630 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mason George S $353,000
Previous Owner Mason George S $351,600
Previous Owner Fagnilli-Fuentes Mariana $280,800
Previous Owner Costa Stephen E $41,163
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2019 09/12/19 Sold $439,500 -2.1% $279 / Sq Ft
07/26/2019 07/26/19 Pending -- -- --
07/02/2019 07/02/19 For Sale $449,000 +9.5% $285 / Sq Ft
10/14/2016 10/14/16 Sold $410,000 0.0% $260 / Sq Ft
08/12/2016 08/12/16 Pending -- -- --
08/08/2016 08/08/16 For Sale $409,900 0.0% $260 / Sq Ft
08/02/2016 08/02/16 Pending -- -- --
07/29/2016 07/29/16 For Sale $409,900 +15.5% $260 / Sq Ft
06/02/2014 06/02/14 Sold $354,900 0.0% $225 / Sq Ft
04/10/2014 04/10/14 Pending -- -- --
02/23/2014 02/23/14 Off Market $354,900 -- --
02/18/2014 02/18/14 For Sale $364,900 -- $232 / 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 $6,477 $571,200 $0 $571,200
2024 $6,268 $539,400 $0 $539,400
2023 $6,510 $520,400 $0 $520,400
2022 $6,318 $476,800 $0 $476,800
2021 $6,171 $447,200 $0 $447,200
2020 $6,403 $443,100 $0 $443,100
2019 $6,273 $415,400 $0 $415,400
2018 $5,874 $381,900 $0 $381,900
2017 $5,464 $344,500 $0 $344,500
2016 $5,215 $332,800 $0 $332,800
2015 $4,626 $281,900 $0 $281,900
Source: Public Records

Agents Affiliated with this Home

  • Christine Cowden

    Seller's Agent in 2019

    Christine Cowden

    Compass

    (617) 429-8877

    1 in this area

    30 Total Sales

    Christine Cowden
    Section Image
  • Jennifer Schneider

    Buyer's Agent in 2019

    Jennifer Schneider

    Century 21 Elite Realty

    (617) 733-8211

    130 Total Sales

    Jennifer Schneider
    Section Image

  • M

    Seller's Agent in 2016

    Mark Wade

    Coldwell Banker Realty - Marblehead

    (781) 864-9812

    2 in this area

    27 Total Sales

    Mark Wade
    Section Image
  • Mitch Levine

    Seller's Agent in 2014

    Mitch Levine

    RE/MAX

    (781) 883-6460

    37 Total Sales

    Mitch Levine
    Section Image
See All Agents

About Derby Lofts Condos

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72528608

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000485-000833-000833

Massachusetts Essex County Salem 01970 Downtown Salem

51 Lafayette St Unit 411, Salem, MA

This home is located at 51 Lafayette St Unit 411, Salem, MA 01970 since 02 July 2019 and is currently estimated at $625,647, approximately $396 per square foot. This property was built in 2003. 51 Lafayette St Unit 411 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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