SOLD JAN 16, 2015
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
About This Home
As of August 2019Sophisticated loft living in desirable downtown Salem with outstanding city views and your fabulous deck This chic property offers open living floor plan, state of the art gourmet kitchen, hardwood floors, incredible light, in-unit laundry, one-car parking pass to municipal garage. Stroll to Restaurants, Cafes, Shopping, Museums, Cultural activities, Night Life, the Train and Ferry to Boston and the Waterfront. Enjoy spectacular views from your rare private deck. This is an exciting place to live and entertain.
Last Buyer's Agent
Ben Rhodes
William Raveis R.E. & Home Services License #454001307
Property Details
Home Type
Condominium
Est. Annual Taxes
$5,222
Year Built
2004
Lot Details
0
Listing Details
- Unit Level: 5
- Special Features: None
- Property Sub Type: Condos
- Year Built: 2004
Interior Features
- Has Basement: No
- Primary Bathroom: Yes
- Number of Rooms: 3
- Amenities: Public Transportation, Shopping, Walk/Jog Trails, Golf Course, Medical Facility, Marina, T-Station, University
- Electric: Circuit Breakers, 100 Amps
- Energy: Insulated Windows, Insulated Doors
- Flooring: Hardwood
- Interior Amenities: Cable Available, Intercom, Finish - Sheetrock
- Bathroom #1: First Floor
- Kitchen: First Floor
- Laundry Room: First Floor
- Living Room: First Floor
- Master Bedroom: First Floor
- Master Bedroom Description: Ceiling - Cathedral, Closet - Walk-in, Flooring - Hardwood, Window(s) - Picture
- Dining Room: First Floor
Exterior Features
- Construction: Brick
- Exterior: Brick
- Exterior Unit Features: Deck - Composite, Balcony, City View(s)
Garage/Parking
- Garage Parking: Common
- Garage Spaces: 1
- Parking: Off-Street, On Street Permit
- Parking Spaces: 1
Utilities
- Cooling Zones: 1
- Heat Zones: 1
- Hot Water: Natural Gas
- Utility Connections: for Gas Range, for Gas Oven, for Gas Dryer, Washer Hookup, Icemaker Connection
Condo/Co-op/Association
- Association Fee Includes: Water, Sewer, Master Insurance, Security, Elevator, Snow Removal
- Management: Professional - Off Site
- No Units: 54
- Unit Building: 501
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$503,084
Avg. Annual Appreciation
4.41%
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
Similar Homes in Salem, MA
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Condominium Deed | $396,000 | -- | |
| Not Resolvable | $305,000 | -- | |
| Deed | $220,000 | -- | |
| Deed | $321,894 | -- | |
| Deed | $364,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | New Conventional | |
| Previous Owner | $244,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $187,500 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $180,000 | Purchase Money Mortgage | |
| Previous Owner | $321,850 | Purchase Money Mortgage | |
| Previous Owner | $291,900 | Purchase Money Mortgage |
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
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
-
Seller's Agent in 2025
Maggie Gibson
MerryFox Realty
(978) 852-1566
5 in this area
30 Total Sales
-
M
Buyer's Agent in 2024
Merry Fox Team
MerryFox Realty
62 in this area
272 Total Sales
-
B
Seller Co-Listing Agent in 2019
Betsy Merry
MerryFox Realty
-
Buyer's Agent in 2019
Kathryn Tully
Century 21 North East
(508) 633-7785
48 Total Sales
-
B
Buyer's Agent in 2015
Ben Rhodes
William Raveis R.E. & Home Services
About Derby Lofts Condos
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71752156
APN: SALE-000034-000000-000485-000834-000834
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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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