$418,000 - $578,000
RENTED MAY 1, 2025

Derby Lofts Condos 51 Lafayette St Unit 501 Salem, MA 01970

Downtown Salem Neighborhood
1 Bed
1 Bath
1,109 Sq Ft
9,583 Sq Ft Lot

Last Sold August 14, 2019

Last sale price $396,000 $357 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,108/month

Highlights

  • Marina
  • 9,999 Sq Ft lot
  • Property is near public transit
  • Medical Services
  • Deck
  • 5-minute walk to Piperpont Park

About This Home

As of May 2025

Sophisticated loft living in desirable downtown Salem with fabulous city and water views from your 27 foot deck. This chic 1 bedroom 1 bath condo offers open living floor plan, designer lighting, state of the art gourmet kitchen, hardwood floors, incredible light and in-unit laundry. Close to restaurants, cafes, shopping, museums, cultural activities, night life, boating, train and ferry to Boston and the waterfront. Enjoy spectacular views from your rare private deck. No pets. No smoking. References, background check includes criminal and eviction reports, excellent credit required. Tenant pays all utilities and non-refundable $45 credit/background check.

Last Agent to Rent the Property

Maggie Gibson

MerryFox Realty Listed on: 03/20/2025

Last Renter's Agent

Maggie Gibson

MerryFox Realty Listed on: 03/20/2025

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,222

Year Built

  • Built in 1900

Lot Details

  • 9,583

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 1,109 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Picture Window
  • Wood Flooring
  • Intercom
  • Laundry on main level

Kitchen

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

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • 1 Full Bathroom

Outdoor Features

  • Balcony
  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Property Available on 5/1/25
  • Rent includes water, sewer, trash collection
  • 12 Month Lease Term
  • Assessor Parcel Number M:34 L:0485 S:834,4575281

Community Details

Overview

  • Property has a Home Owners Association

Amenities

  • Medical Services
  • Shops

Recreation

  • Marina
  • Park

Pet Policy

  • No Pets Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,222

Year Built

Built in 1900

Lot Details

0

Rental Info

  • Pets Allowed: No
  • Available Date: 2025-05-01
  • Lease Term: Term of Rental(12)
  • Available Now: No
  • Deposit Required: No
  • FIRST MON REQD: Yes
  • INSURANCE REQD: Yes
  • LAST MON REQD: Yes
  • REFERENCES REQD: Yes

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Year Built: 1900
  • Entry Level: 5
  • Year Built Details: Actual
  • Year Round: Yes
  • ResoPropertyType: ResidentialLease
  • Special Features: None

Interior Features

  • Interior Amenities: Elevator, Single Living Level
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Cathedral Ceiling(s), Walk-In Closet(s), Flooring - Hardwood, Window(s) - Picture
  • Room Master Bedroom Level: First
  • Master Bathroom Features: Yes
  • Bathroom 1 Features: Bathroom - Full
  • Room Dining Room Features: Cathedral Ceiling(s), Flooring - Hardwood, Window(s) - Picture
  • Room Kitchen Level: First
  • Room Kitchen Features: Cathedral Ceiling(s), Flooring - Hardwood, Window(s) - Picture, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded
  • Laundry Features: First Floor, In Unit
  • Room Living Room Level: First
  • Room Living Room Features: Cathedral Ceiling(s), Flooring - Hardwood, Window(s) - Picture, Balcony - Exterior
  • Above Grade Finished Sq Ft: 1109
  • Living Area: 1109
  • Other Equipment: Intercom
  • Spa YN: No
  • MAIN LO: C95279
  • LIST PRICE PER Sq Ft: 2.25
  • PRICE PER Sq Ft: 2.25
  • MAIN SO: C95279

Exterior Features

  • Exterior Features: Deck - Composite
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Composite
  • Waterfront Features: 1/10 to 3/10 To Beach
  • Waterfront YN: No

Utilities

  • Heating: Natural Gas, Forced Air
  • Cooling Y N: Yes
  • Heating YN: Yes

Condo/Co-op/Association

  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, House of Worship, Marina, Private School, Public School, T-Station, University
  • Rent Includes: Water, Sewer, Trash Collection
  • Senior Community YN: No
  • UNIT BUILDING: 501

Lot Info

  • Parcel Number: M:34 L:0485 S:834,4575281
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 9999
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • ResoLotSizeUnits: Acres

Multi Family

  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2019
Closed on
Aug 7, 2019
Sold by
Fitzgibbons Courtney and Fitzgibbons Jason
Bought by
Santoro Anthony and Santoro Joyce L
Seller's Agent
Maggie Gibson
MerryFox Realty
Buyer's Agent
Maggie Gibson
MerryFox Realty
Sold Price
$2,200
Current Estimated Value
$506,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$504,038
Avg. Annual Appreciation
4.30%
Original Mortgage
$200,000
Outstanding Balance
$177,048
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$335,024

Purchase Details

Listed on
Oct 3, 2014
Closed on
Jan 16, 2015
Sold by
Stoll Adam M and Dam Cali Jean V
Bought by
Fitzgibbons Jason and Fitzgibbons Courtney
Seller's Agent
Merry Fox Team
MerryFox Realty
Buyer's Agent
Ben Rhodes
William Raveis R.E. & Home Services
List Price
$324,900
Sold Price
$305,000
Premium/Discount to List
-$19,900
-6.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.87%
Original Mortgage
$244,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 26, 2011
Sold by
Sanders Darryl
Bought by
Stoll Adam M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 2007
Sold by
Stantial Thomas E
Bought by
Sanders Darryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,850
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 28, 2005
Sold by
Derby Lofts Llc
Bought by
Stantial Thomas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,900
Interest Rate
6.06%
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
Santoro Anthony $396,000 --
Fitzgibbons Jason $305,000 --
Stoll Adam M $220,000 --
Sanders Darryl $321,894 --
Stantial Thomas E $364,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santoro Anthony $200,000
Previous Owner Fitzgibbons Jason $244,000
Previous Owner Stantial Thomas E $187,500
Previous Owner Stantial Thomas E $180,000
Previous Owner Stantial Thomas E $321,850
Previous Owner Stantial Thomas E $291,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 Rented $2,500 0.0% --
04/03/2025 04/03/25 Under Contract -- -- --
03/20/2025 03/20/25 For Rent $2,500 0.0% --
02/21/2024 02/21/24 Rented $2,500 0.0% --
02/16/2024 02/16/24 Under Contract -- -- --
01/10/2024 01/10/24 For Rent $2,500 0.0% --
12/03/2023 12/03/23 Off Market $2,500 -- --
11/17/2023 11/17/23 For Rent $2,500 +8.7% --
09/01/2020 09/01/20 Rented $2,300 0.0% --
06/22/2020 06/22/20 Under Contract -- -- --
06/15/2020 06/15/20 For Rent $2,300 +4.5% --
10/01/2019 10/01/19 Rented $2,200 -4.3% --
08/30/2019 08/30/19 Under Contract -- -- --
08/24/2019 08/24/19 For Rent $2,300 0.0% --
08/14/2019 08/14/19 Sold $396,000 +2.9% $357 / Sq Ft
06/18/2019 06/18/19 Pending -- -- --
06/16/2019 06/16/19 For Sale $384,700 -2.9% $347 / Sq Ft
05/31/2019 05/31/19 Off Market $396,000 -- --
05/23/2019 05/23/19 For Sale $384,700 +26.1% $347 / Sq Ft
01/16/2015 01/16/15 Sold $305,000 0.0% $275 / Sq Ft
01/08/2015 01/08/15 Pending -- -- --
12/21/2014 12/21/14 Off Market $305,000 -- --
10/28/2014 10/28/14 Price Changed $319,900 -1.5% $288 / Sq Ft
10/03/2014 10/03/14 For Sale $324,900 -- $293 / 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 $5,222 $460,500 $0 $460,500
2024 $5,016 $431,700 $0 $431,700
2023 $5,283 $422,300 $0 $422,300
2022 $5,124 $386,700 $0 $386,700
2021 $5,000 $362,300 $0 $362,300
2020 $5,224 $361,500 $0 $361,500
2019 $5,113 $338,600 $0 $338,600
2018 $4,782 $310,900 $0 $310,900
2017 $4,691 $295,800 $0 $295,800
2016 $4,477 $285,700 $0 $285,700
2015 $4,168 $254,000 $0 $254,000
Source: Public Records

Agents Affiliated with this Home

  • Maggie Gibson

    Landlord's Agent in 2025

    Maggie Gibson

    MerryFox Realty

    (978) 852-1566

    5 in this area

    29 Total Sales

    Maggie Gibson
    Section Image

  • M

    Buyer's Agent in 2024

    Merry Fox Team

    MerryFox Realty

    60 in this area

    266 Total Sales

    Merry Fox Team
    Section Image

  • B

    Seller Co-Listing Agent in 2019

    Betsy Merry

    MerryFox Realty

    Section Image
  • Kathryn Tully

    Buyer's Agent in 2019

    Kathryn Tully

    Century 21 North East

    (508) 633-7785

    48 Total Sales

    Kathryn Tully
    Section Image

  • B

    Buyer's Agent in 2015

    Ben Rhodes

    William Raveis R.E. & Home Services

See All Agents

About Derby Lofts Condos

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73348158

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000485-000834-000834

Massachusetts Essex County Salem 01970 Downtown Salem

51 Lafayette St Unit 501, Salem, MA

This home is located at 51 Lafayette St Unit 501, Salem, MA 01970 since 20 March 2025 and is currently priced at $506,238. This property was built in 1900. 51 Lafayette St Unit 501 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.

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