NOT LISTED FOR SALE

Derby Lofts Condos 51 Lafayette St Unit 504 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $614,000 - $716,000

2 Beds
2 Baths
1,630 Sq Ft
0.48 Acres

Last Sold June 07, 2019

Last sale price $430,000 $264 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $4,003/month

62 Days on Market

Highlights

  • 0.48 Acre Lot
  • Wood Flooring
  • Corner Lot
  • Open Floorplan
  • End Unit
  • 5-minute walk to Piperpont Park

About This Home

As of June 2019

URBAN LIVING IN HISTORIC DOWNTOWN SALEM! The views will KNOCK YOUR SOCKS off from this 5th floor corner unit at Derby Lofts. Exceptional condo with two walls filled with windows offering sun drenched living space and breathtaking views of Salem Harbor. Desirable OPEN LIVING concept with one huge main living area with Hardwood floors, kitchen with granite counters, glass back splash, stainless steel appliances and peninsula with pendant lighting. Master bedroom with master bath and two huge closets. 2nd full bath, laundry area and two additional closest for storage. GAS HEATING and cooking. Hardwood floors throughout, central air, W/D in unit. Elevator in complex for easy access, gated entrance & exit for drop offs & unit comes w/ a parking pass for two of the nearby garages-annual fee required (at a discounted rate). Walk to the many restaurants, shops, ferry and museums. Walking distance to the train for easy commuting into town.

Last Agent to Sell the Property

Joyce Cucchiara

Coldwell Banker Realty - Lynnfield Listed on: 03/01/2019

Coldwell Banker Realty - Lynnfield

Last Buyer's Agent

Sarah Myles-Lennox

MerryFox Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,507

Year Built

  • Built in 2003

Lot Details

  • 0.48

Home Design

  • Garden Home
  • Entry on the 5th floor
  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 1,630 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Insulated Windows

Kitchen

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

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Security Gate
  • Intercom

Parking

  • 1 Car Parking Space
  • Leased Parking

Schools

  • SHS High School

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
  • Gas Water Heater

Additional Features

  • End Unit
  • Property is near schools

Listing and Financial Details

  • Legal Lot and Block 837 / 485
  • Assessor Parcel Number 4581729

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include water, sewer, insurance, maintenance structure, trash, reserve funds
  • 54 Units
  • Mid-Rise Condominium
  • Derby Lofts Community

Amenities

  • Shops
  • Elevator

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,507

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden, Mid-Rise
  • Year Built: 2003
  • Buyer Agency: 2.25
  • Buyer Agency Type: %
  • Entry Level: 5
  • Transaction Broker: 2.25
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile, Hardwood
  • Entry Location: Unit Placement(Upper,Garden)
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer, Gas Water Heater,Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven
  • Total Bedrooms: 2
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Closet, Flooring - Hardwood
  • Room Bedroom2 Area: 108
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Room Master Bedroom Features: Bathroom - 3/4, Closet, Flooring - Hardwood
  • Room Master Bedroom Level: First
  • Room Master Bedroom Area: 180
  • Master Bathroom Features: Yes
  • Bathroom 1 Features: Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
  • Bathroom 1 Level: First
  • Bathroom 2 Level: First
  • Bathroom 2 Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
  • Room Dining Room Level: First
  • Room Dining Room Area: 104
  • Room Kitchen Level: First
  • Room Kitchen Features: Ceiling Fan(s), Flooring - Hardwood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Open Floorplan, Stainless Steel Appliances
  • Room Kitchen Area: 40
  • Laundry Features: In Unit
  • Room Living Room Level: First
  • Room Living Room Area: 288
  • Room Living Room Features: Closet, Flooring - Hardwood, Recessed Lighting
  • Living Area: 1630
  • Stories Total: 1
  • Window Features: Insulated Windows
  • MAIN LO: an6181
  • LIST PRICE PER Sq Ft: 269.88
  • PRICE PER Sq Ft: 263.8
  • MAIN SO: an6181

Exterior Features

  • Common Walls: End Unit, Corner
  • Construction Materials: Frame, Brick
  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven
  • 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: 529.75
  • Association YN: Yes
  • Community Features: Shopping, House of Worship, Private School, Public School
  • Senior Community YN: No
  • UNIT BUILDING: 504
  • MANAGEMENT: Professional - Off Site

Fee Information

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

Lot Info

  • Parcel Number: 4581729
  • Zoning: B5
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.48
  • Lot Size Area: 0.48
  • Lot Size Sq Ft: 20908.8
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • LOT SIZE: 20752
  • PAGE: 528
  • OUTDOOR SPACE AVAILABLE: No

Rental Info

  • Pets Allowed: Breed Restrictions

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 6506.59
  • Tax Block: 485
  • Tax Book Number: 36321
  • Tax Lot: 837
  • Tax Map Number: 34

Multi Family

  • Number Of Units Total: 54

MLS Schools

  • High School: Shs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2022
Sold by
P K Tonelli T
Bought by
Berk Jonathan
Current Estimated Value
$656,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$241,044
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$402,121

Purchase Details

Listed on
Mar 1, 2019
Closed on
Jul 8, 2019
Sold by
Tonelli Kim and Tonelli Peter J
Bought by
Pm Nt
Seller's Agent
Joyce Cucchiara
Coldwell Banker Realty - Lynnfield
Buyer's Agent
Sarah Myles-Lennox
MerryFox Realty
List Price
$469,900
Sold Price
$430,000
Premium/Discount to List
-$39,900
-8.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.61%
Original Mortgage
$344,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 1, 2019
Closed on
May 30, 2019
Sold by
Hasan Ramsey
Bought by
Tonelli Kim and Tonelli Peter J
Seller's Agent
Joyce Cucchiara
Coldwell Banker Realty - Lynnfield
Buyer's Agent
Sarah Myles-Lennox
MerryFox Realty
List Price
$469,900
Sold Price
$430,000
Premium/Discount to List
-$39,900
-8.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2017
Sold by
Hasan Ft
Bought by
Hasan Ramsey

Purchase Details

Listed on
Sep 29, 2016
Closed on
Sep 21, 2016
Sold by
Lewis Paul F and Lewis Lale A
Bought by
Hasan Ft
Seller's Agent
Ramsey Hasan
William Raveis R.E. & Home Services
Buyer's Agent
Ramsey Hasan
William Raveis R.E. & Home Services
Sold Price
$2,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.64%
Original Mortgage
$294,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2009
Sold by
Mcmurren-Riggs Lindsey
Bought by
Lewis Paul F
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Berk Jonathan $555,000 None Available
Pm Nt -- --
Tonelli Kim $430,000 --
Hasan Ramsey $400,000 --
Hasan Ft $392,500 --
Lewis Paul F $315,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berk Jonathan $250,000
Previous Owner Pk Tonelli T $100,000
Previous Owner Tonelli Kim $344,000
Previous Owner Hasan Ft $294,000
Previous Owner Mcmurren-Riggs Lindsey A $45,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2019 06/07/19 Sold $430,000 -2.3% $264 / Sq Ft
05/02/2019 05/02/19 Pending -- -- --
04/27/2019 04/27/19 Price Changed $439,900 -1.9% $270 / Sq Ft
04/08/2019 04/08/19 Price Changed $448,500 -2.5% $275 / Sq Ft
03/12/2019 03/12/19 Price Changed $459,900 -2.1% $282 / Sq Ft
03/01/2019 03/01/19 For Sale $469,900 0.0% $288 / Sq Ft
10/27/2016 10/27/16 Rented $2,550 0.0% --
10/04/2016 10/04/16 Under Contract -- -- --
09/29/2016 09/29/16 For Rent $2,550 0.0% --
09/23/2016 09/23/16 Sold $392,500 -1.9% $241 / Sq Ft
07/26/2016 07/26/16 Pending -- -- --
07/17/2016 07/17/16 Price Changed $399,900 -2.4% $245 / Sq Ft
05/22/2016 05/22/16 For Sale $409,900 0.0% $251 / Sq Ft
05/19/2016 05/19/16 Pending -- -- --
05/11/2016 05/11/16 For Sale $409,900 0.0% $251 / Sq Ft
10/01/2014 10/01/14 Rented $2,150 -4.4% --
09/01/2014 09/01/14 Under Contract -- -- --
07/26/2014 07/26/14 For Rent $2,250 0.0% --
10/01/2013 10/01/13 Rented $2,250 0.0% --
09/01/2013 09/01/13 Under Contract -- -- --
08/29/2013 08/29/13 For Rent $2,250 +15.4% --
08/20/2012 08/20/12 Rented $1,950 0.0% --
07/21/2012 07/21/12 Under Contract -- -- --
06/14/2012 06/14/12 For Rent $1,950 -- --
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 $6,416 $565,800 $0 $565,800
2024 $6,213 $534,700 $0 $534,700
2023 $6,451 $515,700 $0 $515,700
2022 $6,255 $472,100 $0 $472,100
2021 $6,109 $442,700 $0 $442,700
2020 $6,646 $459,900 $0 $459,900
2019 $6,507 $430,900 $0 $430,900
2018 $6,086 $395,700 $0 $395,700
2017 $5,971 $376,500 $0 $376,500
2016 $5,474 $349,300 $0 $349,300
2015 $5,092 $310,300 $0 $310,300
Source: Public Records

Agents Affiliated with this Home

  • Joyce Cucchiara

    Seller's Agent in 2019

    Joyce Cucchiara

    Coldwell Banker Realty - Lynnfield

    (978) 808-1597

    1 in this area

    196 Total Sales

    Joyce Cucchiara
    Section Image

  • S

    Buyer's Agent in 2019

    Sarah Myles-Lennox

    MerryFox Realty

    (857) 523-9733

    36 Total Sales

    Sarah Myles-Lennox
    Section Image

  • R

    Seller's Agent in 2016

    Ramsey Hasan

    William Raveis R.E. & Home Services

  • Janice Kostopoulos

    Seller's Agent in 2014

    Janice Kostopoulos

    Coldwell Banker Realty - Marblehead

    (617) 365-6316

    1 in this area

    26 Total Sales

    Janice Kostopoulos
    Section Image

  • C

    Buyer's Agent in 2014

    Carmel Harney

    William Raveis R.E. & Home Services

    Section Image

  • B

    Buyer's Agent in 2012

    Betsy Merry

    MerryFox Realty

    Section Image
See All Agents

About Derby Lofts Condos

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72459114

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000485-000837-000837

Massachusetts Essex County Salem 01970 Downtown Salem

51 Lafayette St Unit 504, Salem, MA

This home is located at 51 Lafayette St Unit 504, Salem, MA 01970 since 01 March 2019 and is currently estimated at $656,766, approximately $402 per square foot. This property was built in 2003. 51 Lafayette St Unit 504 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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