$399,000
SOLD JUN 28, 2016

Derby Lofts Condos 51 Lafayette St Unit 505 Salem, MA 01970

Downtown Salem Neighborhood
2 Beds
2 Baths
1,457 Sq Ft
0.48 Acres

Recently Sold

$274 Per Sq Ft

9% Below List Price

26 Days on Market

About This Home

As of April 2022

$40,000 - Price Drop - Derby Lofts - Water View - 1336 SF living space + 121 SF balcony/deck - Experience Modern Sophisticated Loft Living in Downtown Salem only 5 blocks to commuter rail & 11 to Boston Harbor Ferry. Experience sun-filled south facing rooms with tall ceilings and big windows, Lay in your master bedroom and see the sun rise over the Salem Harbor 8 months of the year. Many custom features in this one owner home: luxuious master bath with granite vanity top and elegant glass enclosed shower, thoughtful built-ins in each closet. Of course maple kitchen cabinets, granite counters, stainless steel finish kitchen appliances, high efficiency HVAC, in-unit Washer & Dryer. BUILDING - Two elevators, gated drive-through and entrances on two streets. FIRST FLOOR SHOPS - cheese & wine, antiques & curios, pizza parlor, cosmetics & hair salon/spa, and coffee house within A&J artisan bakery. NEIGHBORHOOD - restaurants, museums - Peabody Essex, national landmarks, Arts & Music Venues

Last Agent to Sell the Property

Thomas Costagliola

Experience Real Estate Listed on: 04/15/2016

Last Buyer's Agent

John Bristol

Fathom Realty MA

Fathom Realty MA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2016
Closed on
Jun 28, 2016
Sold by
Blatsos Maryann
Bought by
51 Lafayette St 505 Rt
Seller's Agent
Thomas Costagliola
Experience Real Estate
Buyer's Agent
John Bristol
Fathom Realty MA
List Price
$439,000
Sold Price
$399,000
Premium/Discount to List
-$40,000
-9.11%
Current Estimated Value
$588,047

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,047
Avg. Annual Appreciation
4.65%

Purchase Details

Closed on
Dec 8, 2005
Sold by
Derby Lofts Llc
Bought by
Blatsos Maryann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.34%
Source: Public Records

Similar Homes in the area

  • 1 Loring Ave Unit 206, Swampscott, MA 01907

    $429,900

    • 2 Beds
    • 2 Baths
    • 1,080 Sq Ft
    • 1 Loring Ave
    • Unit 206
    • Swampscott, MA

    Welcome to this beautifully maintained single-level living, corner unit offering comfort, style, and convenience. This sun-splashed 2-bedroom, 2-bath home features an open concept layout with wood flooring throughout the living and dining areas, and a private balcony perfect for morning coffee or evening relaxation. The updated kitchen boasts a breakfast bar, ample cabinetry, and a brand-new

    Marcie Gingle William Raveis R.E. & Home Services

    Section Image
  • 11 Church St Unit 313, Salem, MA 01970

    $449,900

    • 2 Beds
    • 2 Baths
    • 970 Sq Ft
    • 11 Church St
    • Unit 313
    • Salem, MA

    Spacious Corner Unit ioverlooking the COURTYARD in Salem’s Premier Complex–THE ESSEX. Know for its outstanding amenties & perfectly set in the heart of vibrant downtown, steps from shops, restaurants, museums, boutiques, Salem Common, the cinema, commuter rail, scenic waterfront & MORE.Well maintained, open-concept unit features an expansive living & dining room w/abundant natural light, French

    Maria Salzillo J. Barrett & Company

    Section Image
  • 24 Norman St Unit 101, Salem, MA 01970

    $342,900

    • 1 Bed
    • 1 Bath
    • 637 Sq Ft
    • 24 Norman St
    • Unit 101
    • Salem, MA

    EXPERIENCE LOFT-STYLE LIVING IN THE HEART OF HISTORIC DOWNTOWN SALEM! Step into this beautifully renovated corner loft in one of Salem’s most sought-after buildings. This open-concept condominium features soaring wood-beamed ceilings, exposed brick walls, hardwood floors and oversized windows that flood the space with natural light. Enjoy unbeatable access to Salem’s vibrant downtown—just steps

    Tim Hanlon Commonwealth East

    Section Image
  • 18 Ropes St Unit 1L, Salem, MA 01970

    $315,000

    • 2 Beds
    • 1 Bath
    • 742 Sq Ft
    • 18 Ropes St
    • Unit 1L
    • Salem, MA

    Welcome to this inviting 2-bedroom, 1-bathroom condo ideally situated in the heart of downtown Salem! Just a mile from Salem State University, this home offers the perfect blend of comfort and convenience. A spacious bedroom is bathed in natural light from the large windows and features beautiful hardwood floors that flow seamlessly into the dining area. The kitchen is well-appointed with sleek

    Cristina Coppola Lamacchia Realty, Inc.

    Section Image
  • 15 Lynde St Unit 18, Salem, MA 01970

    $374,900

    • 1 Bed
    • 1 Bath
    • 651 Sq Ft
    • 15 Lynde St
    • Unit 18
    • Salem, MA

    Exceptional Downtown Salem Value – Renovated Gem with Timeless Charm! Nestled near Salem Station, this sun-filled top-floor condo blends timeless character with fresh, modern updates. The spacious 1-bedroom layout includes a flexible bonus room—ideal for a home office, creative space, or retreat. Maple hardwood floors, a neutral color palette, and upscale finishes create a warm, welcoming

    Shannon Henderson Keller Williams Realty Boston Northwest

    Section Image
  • 8 Williams St Unit E1, Salem, MA 01970

    $469,900

    • 1 Bed
    • 1 Bath
    • 757 Sq Ft
    • 8 Williams St
    • Unit E1
    • Salem, MA

    Welcome to 8 Williams St – Unit E1 in historic Salem, MA! This charming 1-bed, 1-bath condo offers the perfect blend of character and modern convenience. Enjoy a sunny living space, in-unit laundry, private porch, reserved storage space and off-street parking. Pet-friendly, so your furry friend is welcome too! Just a stones throw from vibrant downtown, you're minutes from Salem Common, the

    Allison Murray Chinatti Realty Group, Inc.

    Section Image
  • 15 Cabot St Unit 3, Salem, MA 01970

    $470,000

    • 2 Beds
    • 1 Bath
    • 934 Sq Ft
    • 15 Cabot St
    • Unit 3
    • Salem, MA

    This stylish and sun-filled top-floor 2 bed, 1 bath condo is beautifully updated and well maintained. The building was fully renovated in 2019 (including the addition of a sprinkler system) and all major systems and appliances are approximately five years old. The home features central AC, a spacious full bath, and in-unit full-size washer and dryer. The open-concept living area includes dark

    Rita Lu Keller Williams Realty Boston-Metro | Back Bay

    Section Image
  • 16 Bentley St Unit 3, Salem, MA 01970

    $379,900

    • 2 Beds
    • 1 Bath
    • 750 Sq Ft
    • 16 Bentley St
    • Unit 3
    • Salem, MA

    SMARTLY PRICED TWO BEDROOM penthouse condominium NEAR THE SALEM WATERFRONT, offering a BRIGHT AND SUNNY living experience, w/DEEDED ONSITE PARKING. SCHEDULE VIA SHOWINGTIME. Best 8:00AM to 2:00PM MONDAY - FRIDAY. Unit offers an APPEALING, OPEN-CONCEPT DESIGN, TWO BEDROOMS, a large full bath, and ABUNDANT NATURAL LIGHT streaming in from two 4 x 4 foot ROOF SKYLIGHTS. Outstanding location, just

    Paul Marino Paul R. Marino

    Section Image
  • 4 Boardman St Unit 1, Salem, MA 01970

    $399,000

    • 1 Bed
    • 1 Bath
    • 760 Sq Ft
    • 4 Boardman St
    • Unit 1
    • Salem, MA

    Experience coastal living in this sun-filled first-floor condo, ideally located near Salem Common and just minutes from beautiful Collins Cove, Waikiki, and Dead Horse beaches. This charming home blends historic character with modern updates, featuring high ceilings, original wood moldings, recessed lighting, and vinyl plank flooring throughout. Natural light pours into the open living and

    Maria Rinaldo Lamacchia Realty, Inc.

    Section Image
See All Homes in Salem

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Not Resolvable $399,000 --
Deed $409,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 Adjustable Rate Mortgage/ARM
Previous Owner $100,000 No Value Available
Previous Owner $160,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2022 04/20/22 Sold $547,000 +2.2% $409 / Sq Ft
03/29/2022 03/29/22 Pending -- -- --
03/23/2022 03/23/22 For Sale $535,000 +34.1% $400 / Sq Ft
06/28/2016 06/28/16 Sold $399,000 0.0% $274 / Sq Ft
05/11/2016 05/11/16 Pending -- -- --
04/28/2016 04/28/16 Price Changed $399,000 -6.8% $274 / Sq Ft
04/22/2016 04/22/16 Price Changed $428,000 -2.5% $294 / Sq Ft
04/15/2016 04/15/16 For Sale $439,000 -- $301 / 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 $6,034 $532,100 $0 $532,100
2024 $5,948 $511,900 $0 $511,900
2023 $6,062 $484,600 $0 $484,600
2022 $5,879 $443,700 $0 $443,700
2021 $5,741 $416,000 $0 $416,000
2020 $6,008 $415,800 $0 $415,800
2019 $5,894 $390,300 $0 $390,300
2018 $5,526 $359,300 $0 $359,300
2017 $5,246 $330,800 $0 $330,800
2016 $5,008 $319,600 $0 $319,600
2015 $4,664 $284,200 $0 $284,200
Source: Public Records

Agents Affiliated with this Home

  • Maura Allard

    Seller's Agent in 2022

    Maura Allard

    Leading Edge Real Estate

    (978) 835-8954

    3 in this area

    144 Total Sales

    Section Image

  • T

    Seller's Agent in 2016

    Thomas Costagliola

    Experience Real Estate

    5 Total Sales

    Thomas Costagliola
    Section Image
  • John Bristol

    Buyer's Agent in 2016

    John Bristol

    Fathom Realty MA

    (617) 698-3900

    6 Total Sales

    John Bristol
    Section Image
See All Agents

About Derby Lofts Condos

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71989283

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000485-000838-000838

Massachusetts Essex County Salem 01970 Downtown Salem

51 Lafayette St Unit 505, Salem, MA

This home is located at 51 Lafayette St Unit 505, Salem, MA 01970 and is currently priced at $399,000, approximately $273 per square foot. This property was built in 2003. 51 Lafayette St Unit 505 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.

Nearby Homes