NOT LISTED FOR SALE

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

Downtown Salem Neighborhood

Estimated Value: $578,000 - $649,000

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. 80% increase in value since last sale

Current estimated payment $3,835/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

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,491

Year Built

2004

Lot Details

0

Listing Details

  • Unit Level: 6
  • Unit Placement: Upper
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2004

Interior Features

  • Has Basement: No
  • Primary Bathroom: Yes
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, Medical Facility, Laundromat, Public School, T-Station
  • 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, Snow Removal, Refuse Removal
  • Management: Professional - Off Site
  • Pets Allowed: Yes w/ Restrictions
  • No Units: 55
  • Unit Building: 602

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
$623,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,372
Avg. Annual Appreciation
4.89%
Original Mortgage
$277,200
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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

    60 in this area

    266 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
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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 $623,872, approximately $423 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.

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.

MLS Property Information Network (MLS PIN) 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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