M
Seller's Agent in 2014
Merry Fox Team
MerryFox Realty
60 in this area
266 Total Sales
Derby Lofts Condos 51 Lafayette St Unit 508 Salem, MA 01970
Downtown Salem NeighborhoodEstimated Value: $583,000 - $635,000
2
Beds
2
Baths
1,525
Sq Ft
0.48
Acres
About This Home
As of May 2014Corner unit with an abundance of huge windows overlooking downtown Salem with some water views! 9 oversized windows in the living room alone give 180 degree views over Salem! Open concept loft with high ceilings, hardwood floors, exposed beams, in unit laundry, one-car parking pass to municipal garage....This is one of the premiere units at Derby Lofts. Live in the middle of all Salem has to offer!!!!! Subject to third party approval.
Property Details
Home Type
Condominium
Est. Annual Taxes
$6,210
Year Built
2004
Lot Details
0
Listing Details
- Unit Level: 5
- Unit Placement: Upper
- Special Features: 12
- Property Sub Type: Condos
- Year Built: 2004
Interior Features
- Has Basement: No
- Primary Bathroom: Yes
- Number of Rooms: 4
- Amenities: Public Transportation, Shopping, Medical Facility, Laundromat, Public School, T-Station, University
- Electric: Circuit Breakers
- Energy: Insulated Windows
- Flooring: Wood
- Insulation: Full
- Bedroom 2: First Floor
- Bathroom #1: First Floor
- Bathroom #2: First Floor
- Kitchen: First Floor
- Laundry Room: First Floor
- Living Room: First Floor
- Master Bedroom: First Floor
- Dining Room: First Floor
Exterior Features
- Exterior: Brick
Garage/Parking
- Garage Spaces: 1
- Parking Spaces: 1
Utilities
- Cooling Zones: 1
- Heat Zones: 1
- Hot Water: Natural Gas
Condo/Co-op/Association
- Condominium Name: Derby Lofts
- Association Fee Includes: Water, Sewer, Master Insurance, Elevator, Snow Removal, Refuse Removal
- Association Pool: No
- Management: Professional - Off Site
- Pets Allowed: Yes w/ Restrictions
- No Units: 55
- Unit Building: 508
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 10, 2013
Closed on
May 15, 2014
Sold by
Brown Todd D and Wagner Kristen E
Bought by
Buchanan Richard J and Buchanan Laurine A
Seller's Agent
Merry Fox Team
MerryFox Realty
Buyer's Agent
Janice Kostopoulos
Coldwell Banker Realty - Marblehead
List Price
$349,000
Sold Price
$320,000
Premium/Discount to List
-$29,000
-8.31%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,810
Avg. Annual Appreciation
6.04%
Purchase Details
Closed on
Dec 9, 2005
Sold by
Derby Lofts Llc
Bought by
Brown Todd D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Buchanan Richard J | $320,000 | -- | |
| Brown Todd D | $452,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Brown Todd D | $359,650 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/15/2014 05/15/14 | Sold | $320,000 | 0.0% | $210 / Sq Ft |
| 04/25/2014 04/25/14 | Pending | -- | -- | -- |
| 10/16/2013 10/16/13 | Off Market | $320,000 | -- | -- |
| 10/10/2013 10/10/13 | For Sale | $349,000 | -- | $229 / Sq Ft |
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 | $6,210 | $547,600 | $0 | $547,600 |
| 2024 | $6,017 | $517,800 | $0 | $517,800 |
| 2023 | $6,276 | $501,700 | $0 | $501,700 |
| 2022 | $6,061 | $457,400 | $0 | $457,400 |
| 2021 | $5,917 | $428,800 | $0 | $428,800 |
| 2020 | $6,186 | $428,100 | $0 | $428,100 |
| 2019 | $6,057 | $401,100 | $0 | $401,100 |
| 2018 | $5,668 | $368,500 | $0 | $368,500 |
| 2017 | $5,561 | $350,600 | $0 | $350,600 |
| 2016 | $5,307 | $338,700 | $0 | $338,700 |
| 2015 | $4,939 | $301,000 | $0 | $301,000 |
Source: Public Records
Agents Affiliated with this Home
-
Merry Fox Team
-
Janice Kostopoulos
Buyer's Agent in 2014
Janice Kostopoulos
Coldwell Banker Realty - Marblehead
(617) 365-6316
1 in this area
26 Total Sales
About Derby Lofts Condos
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71595298
APN: SALE-000034-000000-000485-000841-000841
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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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