Derby Lofts Condos 51 Lafayette St Unit 504 Salem, MA 01970
Downtown Salem NeighborhoodEstimated Value: $585,000 - $655,000
2
Beds
2
Baths
1,630
Sq Ft
0.48
Acres
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 2019URBAN 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
Coldwell Banker Realty - Lynnfield Listed on: 03/01/2019
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,507
Year Built
- Built in 2003
Lot Details
- 0.48
Home Design
- Garden Home
- 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
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
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
$401,333
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
6.87%
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
5.79%
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
Similar Homes in Salem, MA
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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 | 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
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
203 Total Sales
-
Sarah Myles-Lennox
S
Buyer's Agent in 2019
Sarah Myles-Lennox
MerryFox Realty
(857) 523-9733
34 Total Sales
-
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
25 Total Sales
-
C
Buyer's Agent in 2014
Carmel Harney
William Raveis R.E. & Home Services
-
B
Buyer's Agent in 2012
Betsy Merry
MerryFox Realty
About Derby Lofts Condos
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72459114
APN: SALE-000034-000000-000485-000837-000837
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.
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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