NOT LISTED FOR SALE

Derby Lofts Condos 51 Lafayette St Unit 509 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $585,000 - $642,000

2 Beds
2 Baths
1,626 Sq Ft
0.48 Acres

Last Sold November 22, 2013

Last sale price $352,000 $216 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $3,982/month

86 Days on Market

About This Home

As of November 2013

Sophisticated 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.

Last Agent to Sell the Property

Merry Fox Team

MerryFox Realty Listed on: 08/28/2013

Last Buyer's Agent

Jane Fields

RE/MAX Beacon

RE/MAX Beacon

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
$622,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,519
Avg. Annual Appreciation
4.96%
Original Mortgage
$200,000
Interest Rate
4.25%
Mortgage Type
New Conventional

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
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
Cotter Janis M $352,000 --
Spiessl Richard C $415,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arnold Elizabeth $125,000
Closed Arnold Elizabeth $158,000
Closed Cotter Janis M $200,000
Previous Owner Spiessl Richard C $332,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

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 $6,170 $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

  • M

    Seller's Agent in 2013

    Merry Fox Team

    MerryFox Realty

    62 in this area

    275 Total Sales

    Merry Fox Team
    Section Image

  • J

    Buyer's Agent in 2013

    Jane Fields

    RE/MAX

    (781) 696-1000

    15 Total Sales

    Jane Fields
    Section Image
See All Agents

About Derby Lofts Condos

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71575358

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000485-000842-000842

Massachusetts Essex County Salem 01970 Downtown Salem

51 Lafayette St Unit 509, Salem, MA

This home is located at 51 Lafayette St Unit 509, Salem, MA 01970 since 28 August 2013 and is currently estimated at $622,519, approximately $382 per square foot. This property was built in 2004. 51 Lafayette St Unit 509 is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

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