M
Seller's Agent in 2013
Merry Fox Team
MerryFox Realty
88 in this area
263 Total Sales
Derby Lofts Condos 51 Lafayette St Unit 509 Salem, MA 01970
Downtown Salem NeighborhoodEstimated Value: $636,000 - $698,000
2
Beds
2
Baths
1,626
Sq Ft
0.48
Acres
About This Home
As of November 2013Sophisticated loft living in desirable downtown Salem with outstanding city views! This chic property offers 2-bedroom, 2 full bath condo with open living floor plan, state of the art gourmet kitchen, hardwood floors, incredible light, in-unit laundry, an additional storage/work room, one-car parking pass to municipal garage. Stroll to Restaurants, Cafes, Shopping, Museums, Cultural activities, Night Life, the Train and Ferry to Boston and the Waterfront. This is an exciting place to live.
Property Details
Home Type
Condominium
Est. Annual Taxes
$6,170
Year Built
2004
Lot Details
0
Listing Details
- Unit Level: 5
- Unit Placement: Upper
- Special Features: None
- 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: 509
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 28, 2013
Closed on
Nov 22, 2013
Sold by
Spiessl Richard S
Bought by
Cotter Janis M and Arnold Elizabeth
Seller's Agent
Merry Fox Team
MerryFox Realty
Buyer's Agent
Jane Fields
RE/MAX Beacon
List Price
$369,900
Sold Price
$352,000
Premium/Discount to List
-$17,900
-4.84%
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
$314,406
Avg. Annual Appreciation
5.49%
Original Mortgage
$200,000
Outstanding Balance
$53,405
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$613,001
Purchase Details
Closed on
Jan 4, 2006
Sold by
Derby Lofts Llc
Bought by
Spiessl Richard C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,400
Interest Rate
6.28%
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 |
|---|---|---|---|
| Cotter Janis M | $352,000 | -- | |
| Spiessl Richard C | $415,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cotter Janis M | $200,000 | |
| Previous Owner | Spiessl Richard C | $332,400 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/22/2013 11/22/13 | Sold | $352,000 | 0.0% | $216 / Sq Ft |
| 10/20/2013 10/20/13 | Off Market | $352,000 | -- | -- |
| 09/18/2013 09/18/13 | Price Changed | $359,000 | -2.9% | $221 / Sq Ft |
| 08/28/2013 08/28/13 | For Sale | $369,900 | -- | $227 / 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 | $6,170 | $544,100 | $0 | $544,100 |
| 2024 | $5,973 | $514,000 | $0 | $514,000 |
| 2023 | $6,210 | $496,400 | $0 | $496,400 |
| 2022 | $6,026 | $454,800 | $0 | $454,800 |
| 2021 | $5,884 | $426,400 | $0 | $426,400 |
| 2020 | $6,153 | $425,800 | $0 | $425,800 |
| 2019 | $6,026 | $399,100 | $0 | $399,100 |
| 2018 | $5,643 | $366,900 | $0 | $366,900 |
| 2017 | $5,538 | $349,200 | $0 | $349,200 |
| 2016 | $5,287 | $337,400 | $0 | $337,400 |
| 2015 | $4,921 | $299,900 | $0 | $299,900 |
Source: Public Records
Agents Affiliated with this Home
-
Merry Fox Team
-
Jane Fields
J
Buyer's Agent in 2013
Jane Fields
RE/MAX
(781) 696-1000
11 Total Sales
About Derby Lofts Condos
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71575358
APN: SALE-000034-000000-000485-000842-000842
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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