$392,500
SOLD SEP 23, 2016
2 Beds
2 Baths
1,630 Sq Ft
0.48 Acres

Recently Sold

$241 Per Sq Ft

4% Below List Price

76 Days on Market

About This Home

As of June 2019

OPEN HOUSE SUNDAY 7/24/16 from 12:00-1:30. 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, elevator in complex for easy access. 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: 05/11/2016

Coldwell Banker Realty - Lynnfield

Last Buyer's Agent

Ramsey Hasan

William Raveis R.E. & Home Services License #454007580

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,416

Year Built

2003

Lot Details

0

Listing Details

  • Unit Level: 5
  • Unit Placement: Upper, End, Corner, Garden
  • Property Type: Condominium/Co-Op
  • Other Agent: 1.50
  • Handicap Access: Yes
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2003

Interior Features

  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Has Basement: No
  • Primary Bathroom: Yes
  • Number of Rooms: 4
  • Amenities: Shopping, House of Worship, Private School, Public School
  • Electric: Circuit Breakers
  • Energy: Insulated Windows
  • Flooring: Tile, Hardwood
  • Interior Amenities: Cable Available
  • Bedroom 2: First Floor, 12X9
  • Bathroom #1: First Floor
  • Bathroom #2: First Floor
  • Kitchen: First Floor, 8X5
  • Living Room: First Floor, 18X16
  • Master Bedroom: First Floor, 18X10
  • Master Bedroom Description: Closet, Flooring - Hardwood, Bathroom - 3/4
  • Dining Room: First Floor, 13X8
  • No Living Levels: 1

Exterior Features

  • Construction: Frame, Brick
  • Exterior: Brick
  • Waterview Flag: Yes

Garage/Parking

  • Parking: Leased
  • Parking Spaces: 1

Utilities

  • Cooling: Central Air, Individual, Unit Control
  • Heating: Forced Air, Gas, Individual, Unit Control
  • Cooling Zones: 1
  • Heat Zones: 1
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range, for Gas Oven
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Condominium Name: Derby Lofts
  • Association Fee Includes: Water, Sewer, Master Insurance, Elevator, Exterior Maintenance
  • Association Security: Intercom, Security Gate
  • Management: Professional - Off Site
  • Pets Allowed: Yes w/ Restrictions
  • No Units: 54
  • Unit Building: 504

Schools

  • High School: Shs

Lot Info

  • Zoning: B5
  • Lot: 837

Multi Family

  • Waterview: Harbor, Ocean

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
$643,165

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
6.78%
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
5.75%
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

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Condominium Deed $555,000 None Available
Quit Claim Deed -- --
Condominium Deed $430,000 --
Quit Claim Deed $400,000 --
Not Resolvable $392,500 --
Deed $315,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 Purchase Money Mortgage
Previous Owner $100,000 Balloon
Previous Owner $344,000 New Conventional
Previous Owner $294,000 New Conventional
Previous Owner $45,900 No Value Available
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

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72003590

MLS Property Information Network (MLS PIN)

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