Seller's Agent in 2017
Pam McKee
Keller Williams Realty Evolution
(978) 500-4047
8 in this area
99 Total Sales
Derby Lofts Condos 51 Lafayette St Unit 603 Salem, MA 01970
Downtown Salem NeighborhoodEstimated Value: $608,000 - $856,000
2
Beds
2
Baths
1,561
Sq Ft
0.48
Acres
About This Home
As of July 2017Introducing the BEST of Derby Lofts-Stunning Penthouse unit featuring a Huge Deck with Panoramic Harbor Views! This gorgeous show house is the definition of Contemporary Chic with its spacious open layout highlighting brand new wood floors, soaring ceilings and walls of windows - in Better Than New Condition. The chef's kitchen comes complete with granite counters, maple cabinetry and stainless appliances including a gas range in the peninsula. Easy single level living includes two bedrooms with two full baths PLUS a separate office/den and abundant storage. The luxurious master boasts deck access, a huge walk-in and en-suite w/double glass shower. Enjoy the urban lifestyle that is Salem with all the shops, restaurants, cultural events and waterfront just out your front door. Within minutes of both the commuter rail & high speed ferry to Boston. This is the lifestyle you've been dreaming of! You also have the exclusive opportunity to purchase a private 2 car garage-ask for the details!
Property Details
Home Type
Condominium
Est. Annual Taxes
$7,156
Year Built
2003
Lot Details
0
Listing Details
- Unit Level: 6
- Unit Placement: Top/Penthouse
- Property Type: Condominium/Co-Op
- CC Type: Condo
- Style: Loft
- Other Agent: 2.50
- Year Built Description: Actual
- Special Features: None
- Property Sub Type: Condos
- Year Built: 2003
Interior Features
- Has Basement: No
- Primary Bathroom: Yes
- Number of Rooms: 6
- Amenities: Public Transportation, Shopping, Park, Marina, T-Station
- Electric: Circuit Breakers
- Energy: Insulated Windows, Insulated Doors, Prog. Thermostat
- Flooring: Tile, Engineered Hardwood
- Insulation: Full
- Master Bedroom Description: Closet - Walk-in, Flooring - Wood, Window(s) - Picture, Balcony / Deck, Balcony - Exterior, Deck - Exterior, Exterior Access, Recessed Lighting
- No Bedrooms: 2
- Full Bathrooms: 2
- No Living Levels: 1
- Main Lo: C95098
- Main So: K95001
Exterior Features
- Construction: Brick, Stone/Concrete
- Exterior: Brick, Stucco
- Exterior Unit Features: Deck
- Waterview Flag: Yes
Garage/Parking
- Garage Spaces: 1
- Parking: Leased
- Parking Spaces: 1
Utilities
- Hot Water: Natural Gas
- Utility Connections: for Gas Range
- Sewer: City/Town Sewer
- Water: City/Town Water
- Sewage District: SESD
Condo/Co-op/Association
- Condominium Name: Derby Lofts
- Association Fee Includes: Water, Sewer, Master Insurance, Elevator, Exterior Maintenance, Refuse Removal, Reserve Funds
- Management: Professional - Off Site
- Pets Allowed: Yes
- No Units: 54
- Unit Building: 603
Fee Information
- Fee Interval: Monthly
Lot Info
- Zoning: B5
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 17, 2021
Sold by
Arabian Robert C and Arabian Rondie L
Bought by
Arabian Ft
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
3%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Listed on
Apr 3, 2017
Closed on
Jul 7, 2017
Sold by
Abelson Clifford N and Abelson Susan J
Bought by
Arabian Robert C and Arabian Rondie L
Seller's Agent
Pam McKee
Keller Williams Realty Evolution
Buyer's Agent
Christine Tierney
Compass
List Price
$489,000
Sold Price
$509,900
Premium/Discount to List
$20,900
4.27%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.16%
Original Mortgage
$215,000
Interest Rate
3.95%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 14, 2005
Sold by
Derby Lofts Llc
Bought by
Abelson Clifford N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,000
Interest Rate
6.34%
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 |
|---|---|---|---|
| Arabian Ft | -- | None Available | |
| Arabian Robert C | $509,900 | -- | |
| Abelson Clifford N | $570,555 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Arabian Robert C | $205,000 | |
| Previous Owner | Arabian Robert C | $215,000 | |
| Previous Owner | Abelson Clifford N | $309,530 | |
| Previous Owner | Abelson Clifford N | $338,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2017 07/07/17 | Sold | $509,900 | +4.3% | $327 / Sq Ft |
| 04/07/2017 04/07/17 | Pending | -- | -- | -- |
| 04/03/2017 04/03/17 | For Sale | $489,000 | -- | $313 / 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 | $7,156 | $631,000 | $0 | $631,000 |
| 2024 | $6,932 | $596,600 | $0 | $596,600 |
| 2023 | $7,300 | $583,500 | $0 | $583,500 |
| 2022 | $7,073 | $533,800 | $0 | $533,800 |
| 2021 | $6,911 | $500,800 | $0 | $500,800 |
| 2020 | $7,179 | $496,800 | $0 | $496,800 |
| 2019 | $7,025 | $465,200 | $0 | $465,200 |
| 2018 | $6,564 | $426,800 | $0 | $426,800 |
| 2017 | $6,298 | $397,100 | $0 | $397,100 |
| 2016 | $6,008 | $383,400 | $0 | $383,400 |
| 2015 | $5,583 | $340,200 | $0 | $340,200 |
Source: Public Records
Agents Affiliated with this Home
-
Pam McKee
-
Christine Tierney
Buyer's Agent in 2017
Christine Tierney
Compass
(612) 860-6446
92 Total Sales
About Derby Lofts Condos
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72139679
APN: SALE-000034-000000-000485-000847-000847
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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