NOT LISTED FOR SALE

Derby Lofts Condos 51 Lafayette St Unit 602 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $539,000 - $644,000

2 Beds
2 Baths
1,474 Sq Ft
0.48 Acres

Last Sold December 13, 2013

Last sale price $346,500 $235 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,929/month

126 Days on Market

About This Home

As of December 2013

DERBY LOFTS is luxury living in the heart of downtown Salem. Step into this penthouse loft and enjoy the panoramic views of the city from the commanding wall of glass windows. This unit has all of the expected upgrades which define chic living, concierge and valet service and a huge storage room as a bonus.

Last Agent to Sell the Property

Merry Fox Team

MerryFox Realty Listed on: 08/05/2013

Last Buyer's Agent

Arthur Thompson

Aluxety

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2013
Closed on
Dec 13, 2013
Sold by
Derby Lofts Llc
Bought by
Howarth James J
Seller's Agent
Merry Fox Team
MerryFox Realty
Buyer's Agent
Arthur Thompson
Aluxety
List Price
$369,900
Sold Price
$346,500
Premium/Discount to List
-$23,400
-6.33%
Current Estimated Value
$608,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,657
Avg. Annual Appreciation
5.18%
Original Mortgage
$277,200
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Howarth James J $346,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Howarth James J $248,000
Closed Howarth James J $277,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2013 12/13/13 Sold $346,500 0.0% $235 / Sq Ft
12/09/2013 12/09/13 Pending -- -- --
10/15/2013 10/15/13 Off Market $346,500 -- --
08/05/2013 08/05/13 For Sale $369,900 -- $251 / 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 $6,491 $572,400 $0 $572,400
2024 $6,291 $541,400 $0 $541,400
2023 $6,623 $529,400 $0 $529,400
2022 $6,421 $484,600 $0 $484,600
2021 $6,272 $454,500 $0 $454,500
2020 $6,553 $453,500 $0 $453,500
2019 $6,414 $424,800 $0 $424,800
2018 $5,997 $389,900 $0 $389,900
2017 $5,882 $370,900 $0 $370,900
2016 $5,613 $358,200 $0 $358,200
2015 $5,220 $318,100 $0 $318,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Merry Fox Team

    MerryFox Realty

    62 in this area

    273 Total Sales

    Merry Fox Team
    Section Image

  • A

    Buyer's Agent in 2013

    Arthur Thompson

    Aluxety

    1 in this area

    10 Total Sales

    Arthur Thompson
    Section Image
See All Agents

About Derby Lofts Condos

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71565203

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000485-000846-000846

Massachusetts Essex County Salem 01970 Downtown Salem

51 Lafayette St Unit 602, Salem, MA

This home is located at 51 Lafayette St Unit 602, Salem, MA 01970 since 05 August 2013 and is currently estimated at $608,157, approximately $412 per square foot. This property was built in 2004. 51 Lafayette St Unit 602 is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

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