NOT LISTED FOR SALE

Derby Lofts Condos 51 Lafayette St Unit 603 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $562,000 - $745,000

2 Beds
2 Baths
1,561 Sq Ft
0.48 Acres

Last Sold July 07, 2017

Last sale price $509,900 $327 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,291/month

4 Days on Market

About This Home

As of July 2017

Introducing 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!

Last Agent to Sell the Property

Pam McKee

Keller Williams Realty Evolution Listed on: 04/03/2017

Keller Williams Realty Evolution

Last Buyer's Agent

Christine Tierney

Compass

Compass

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
$663,349

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
3.27%
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
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
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

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 $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

    Seller's Agent in 2017

    Pam McKee

    Keller Williams Realty Evolution

    (978) 500-4047

    8 in this area

    106 Total Sales

    Pam McKee
    Section Image
  • Christine Tierney

    Buyer's Agent in 2017

    Christine Tierney

    Compass

    (612) 860-6446

    92 Total Sales

    Christine Tierney
    Section Image
See All Agents

About Derby Lofts Condos

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72139679

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000485-000847-000847

Massachusetts Essex County Salem 01970 Downtown Salem

51 Lafayette St Unit 603, Salem, MA

This home is located at 51 Lafayette St Unit 603, Salem, MA 01970 since 03 April 2017 and is currently estimated at $663,349, approximately $424 per square foot. This property was built in 2003. 51 Lafayette St Unit 603 is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

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