NOT LISTED FOR SALE

Derby Lofts Condos 51 Lafayette St Unit 507 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $534,000 - $643,000

2 Beds
2 Baths
1,440 Sq Ft
$504/mo HOA Fee

Last Sold July 19, 2021

Last sale price $564,000 $392 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,438/month

19 Days on Market

Highlights

  • Harbor Views
  • Intercom
  • 5-minute walk to Piperpont Park
  • Wood Flooring
  • Forced Air Heating and Cooling System

About This Home

As of July 2021

Derby Lofts is one Salem's finest, chic down town condominiums. This spectacular unit features a contemporary open-living-concept with stunning architectural finishes. The unit has been meticulously renovated by the current owners including all new windows, new deck, designer lighting, new baths, surround sound music, new FHA heating and cooling gorgeous designer closets and private veranda with stunning water views.Salem, with its famed history, and as one of America’s most cosmopolitan small cities, features fine dining, boutique shopping, luxury hotels, coastal waterfront beaches, farmer’s markets, marinas, nightlife, Jazz and documentary film festivals, along with the world- class Peabody Essex Museum, all with “walking” downtown, and easy access to the commuter rail train and ferry to Boston. Embrace the metropolitan life-style that Derby Lofts will offer.

Last Agent to Sell the Property

Merry Fox Team

MerryFox Realty Listed on: 06/02/2021

Co-Listed By

Betsy Merry

MerryFox Realty

Last Buyer's Agent

Merry Fox Team

MerryFox Realty Listed on: 06/02/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,290

Year Built

  • Built in 1900

Lot Details

  • 0.48

HOA Fees

  • $504 per month

Parking

  • 2 Car Garage

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Harbor Views
  • Year Round Access

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,290

Year Built

Built in 1900

Lot Details

0

HOA Fees

$504 per month

Parking

2

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Garden
  • Other Agent: 2.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 391.67
  • Comp Based On: Net Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Year Round: Yes
  • Unit Building: 507
  • Unit Level: 5
  • Unit Placement: Upper
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1900

Interior Features

  • Flooring: Tile, Hardwood
  • Interior Amenities: Cable Available, Intercom
  • Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
  • No Bedrooms: 2
  • Master Bedroom: On Level: First Floor, Dimension: 9X17, Bathroom - Full, Closet - Walk-in, Flooring - Hardwood, Dressing Room
  • Bedroom 2: On Level: First Floor, Dimension: 10X16, Closet, Flooring - Hardwood
  • Full Bathrooms: 2
  • Primary Bathroom: Yes
  • Bathroom 1: On Level: First Floor
  • Bathroom 2: On Level: First Floor
  • No Rooms: 4
  • Dining Room: On Level: First Floor, Dimension: 16X24
  • Kitchen: On Level: First Floor, Dimension: 9X11, Flooring - Hardwood, Kitchen Island, Cabinets - Upgraded, Recessed Lighting, Lighting - Pendant
  • Laundry: On Level: First Floor
  • Laundry Features: In Unit
  • Living Room: On Level: First Floor, Dimension: 16X24, Ceiling - Vaulted, Balcony / Deck, Balcony - Exterior, French Doors, Deck - Exterior, Exterior Access, Open Floor Plan, Recessed Lighting, Remodeled
  • No Living Levels: 1
  • Main Lo: C95279
  • Main So: C95279
  • Estimated Sq Ft: 1440.00

Exterior Features

  • Beachfront Flag: Yes
  • Beach Miles To: 1 to 2 Mile
  • Waterview Features: Harbor
  • Waterview Flag: Yes
  • Roof Material: Rubber
  • Exterior: Brick, Stucco
  • Insulation Feature: Full
  • Exterior Unit Features: Deck

Garage/Parking

  • Parking Feature: Leased
  • Garage Parking: Detached
  • Garage Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Cooling: Central Air
  • Cooling Zones: 1
  • Heating: Forced Air, Gas
  • Heat Zones: 1
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Bike Path, Marina, Public School, T-Station, University
  • HOA Fees: 504.43
  • Association Fee Includes: Water, Sewer, Master Insurance, Elevator, Snow Removal, Refuse Removal, Reserve Funds, Management Fee
  • Condo Association: Yes
  • Association Security: Intercom
  • Management: Professional - On Site

Association/Amenities

  • Condominium Name: Derby Lofts

Lot Info

  • Assessments: 420900.00
  • Page: 86
  • Zoning: B5

Green Features

  • Energy Features: Insulated Windows

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Taxes: 5808.00
  • Assessor Parcel Number: 4656130
  • Tax Year: 2021

Multi Family

  • No Units: 52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2021
Closed on
Jul 13, 2021
Sold by
Walker Richard F and Walker Shirley C
Bought by
Hamor Deborah K and Hamor Matthew S
Seller's Agent
Merry Fox Team
MerryFox Realty
Buyer's Agent
Merry Fox Team
MerryFox Realty
List Price
$564,000
Sold Price
$564,000
Current Estimated Value
$612,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,125
Avg. Annual Appreciation
1.79%

Purchase Details

Closed on
Dec 29, 2005
Sold by
Derby Lofts Llc
Bought by
Walker Richard F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,920
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Hamor Deborah K $564,000 None Available
Walker Richard F $428,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamor Deborah K $200,000
Previous Owner Walker Richard F $277,000
Previous Owner Walker Richard F $300,000
Previous Owner Walker Richard F $329,437
Previous Owner Walker Richard F $339,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2021 07/19/21 Sold $564,000 0.0% $392 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/02/2021 06/02/21 For Sale $564,000 -- $392 / 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 $6,290 $554,700 $0 $554,700
2024 $6,078 $523,100 $0 $523,100
2023 $6,284 $502,300 $0 $502,300
2022 $6,088 $459,500 $0 $459,500
2021 $5,808 $420,900 $0 $420,900
2020 $6,031 $417,400 $0 $417,400
2019 $5,907 $391,200 $0 $391,200
2018 $5,529 $359,500 $0 $359,500
2017 $5,426 $342,100 $0 $342,100
2016 $5,179 $330,500 $0 $330,500
2015 $4,821 $293,800 $0 $293,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Merry Fox Team

    MerryFox Realty

    62 in this area

    273 Total Sales

    Merry Fox Team
    Section Image

  • B

    Seller Co-Listing Agent in 2021

    Betsy Merry

    MerryFox Realty

    Section Image
See All Agents

About Derby Lofts Condos

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72841630

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000485-000840-000840

Massachusetts Essex County Salem 01970 Downtown Salem

51 Lafayette St Unit 507, Salem, MA

This home is located at 51 Lafayette St Unit 507, Salem, MA 01970 since 02 June 2021 and is currently estimated at $612,125, approximately $425 per square foot. This property was built in 1900. 51 Lafayette St Unit 507 is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

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