NOT LISTED FOR SALE

Derby Lofts Condos 51 Lafayette St Unit 606 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $474,000 - $627,000

2 Beds
2 Baths
1,250 Sq Ft
$568/mo HOA Fee

Last Sold January 07, 2022

Last sale price $536,000 $429 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,309/month

11 Days on Market

About This Home

As of January 2022

Sometimes a picture says it all, and in this case that is true! The private deck with the water views says it all! Well, maybe not all but it sure puts this Penthouse unit above and beyond others. Soaring ceilings, exposed ducts, open concept, and TONS of LIGHT throughout. Derby Lofts is a pet friendly building with an elevator in the heart of downtown Salem. Literally stroll out the front door to a wine and cheese shop, restaurants and more. Venture just minutes and you have the ocean, PEM and MBTA commuter rail. Come see this fabulous unit with a breath taking view!

Last Agent to Sell the Property

Merry Fox Team

MerryFox Realty Listed on: 11/09/2021

Last Buyer's Agent

Susan Stead

Advisors Living - Merrimac

Advisors Living - Merrimac

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,976

Year Built

  • 2003

Lot Details

  • 0.48

HOA Fees

  • $568 per month

Parking

  • 1

Utilities

  • 1 Cooling Zone
  • 1 Heating Zone

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,976

Year Built

2003

Lot Details

0

HOA Fees

$568 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • Carport Y N: No
  • Directions: Corner of New Derby and Lafayette
  • Garage Yn: Yes
  • Structure Type: Garden
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 2003

Interior Features

  • Appliances: Range,Dishwasher,Disposal,Refrigerator,Washer,Dryer, Gas Water Heater
  • Room Bedroom2 Level: First
  • Total Bathrooms: 2
  • Room Master Bedroom Level: First
  • Master Bathroom Features: Yes
  • Bathroom 1 Level: First
  • Bathroom 2 Level: First
  • Room Kitchen Level: First
  • Room Living Room Level: First
  • MAIN LO: C95279
  • LIST PRICE PER Sq Ft: 439.2
  • PRICE PER Sq Ft: 428.8
  • MAIN SO: AN6181
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Wood, Tile
  • Stories: 1

Exterior Features

  • Roof: Rubber
  • Common Walls: No One Above
  • Construction Type: Stone
  • Disclosures: Parking Is In City Garage And Rented.
  • Patio And Porch Features: Deck
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Detached, Rented
  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • HEAT ZONES: 1
  • COOLING ZONES: 1
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating Yn: Yes
  • Laundry Features: First Floor, In Unit
  • Security: Intercom
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • UNIT BUILDING: 606
  • MANAGEMENT: Professional - Off Site
  • Amenities: Elevator(s)
  • Association Fee: 568
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, T-Station, University
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Security, Maintenance Structure, Snow Removal

Lot Info

  • PAGE: 451
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • Farm Land Area Units: Square Feet
  • Zoning: B5

Multi Family

  • Number Of Units Total: 55

Tax Info

  • Tax Annual Amount: 5826
  • Tax Book Number: 29092
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2021
Closed on
Jan 7, 2022
Sold by
Consoli Anna M
Bought by
Stead Matthew
Seller's Agent
Merry Fox Team
MerryFox Realty
Buyer's Agent
Susan Stead
Advisors Living - Merrimac
List Price
$549,000
Sold Price
$536,000
Premium/Discount to List
-$13,000
-2.37%
Current Estimated Value
$582,085

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,085
Avg. Annual Appreciation
4.05%
Original Mortgage
$482,400
Outstanding Balance
$449,160
Interest Rate
3.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$165,543

Purchase Details

Closed on
Nov 24, 2009
Sold by
Molettiere Louis and Molettiere Frances
Bought by
Consoli Anna M

Purchase Details

Closed on
Aug 15, 2007
Sold by
Derby Lofts Llc
Bought by
Molettiere Frances
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
Stead Matthew $536,000 None Available
Consoli Anna M $315,000 --
Molettiere Frances $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stead Matthew $482,400
Previous Owner Molettiere Frances $100,125
Previous Owner Molettiere Frances $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2022 01/07/22 Sold $536,000 -2.4% $429 / Sq Ft
11/21/2021 11/21/21 Pending -- -- --
11/09/2021 11/09/21 For Sale $549,000 -- $439 / 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 $5,976 $527,000 $0 $527,000
2024 $5,787 $498,000 $0 $498,000
2023 $6,150 $491,600 $0 $491,600
2022 $5,966 $450,300 $0 $450,300
2021 $5,826 $422,200 $0 $422,200
2020 $6,091 $421,500 $0 $421,500
2019 $5,965 $395,000 $0 $395,000
2018 $5,581 $362,900 $0 $362,900
2017 $5,478 $345,400 $0 $345,400
2016 $5,228 $333,600 $0 $333,600
2015 $4,866 $296,500 $0 $296,500
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Merry Fox Team

    MerryFox Realty

    62 in this area

    273 Total Sales

    Merry Fox Team
    Section Image
  • Susan Stead

    Buyer's Agent in 2022

    Susan Stead

    Advisors Living - Merrimac

    (978) 697-1982

    1 in this area

    17 Total Sales

    Susan Stead
    Section Image
See All Agents

About Derby Lofts Condos

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72917923

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000485-000850-000850

Massachusetts Essex County Salem 01970 Downtown Salem

51 Lafayette St Unit 606, Salem, MA

This home is located at 51 Lafayette St Unit 606, Salem, MA 01970 since 09 November 2021 and is currently estimated at $582,085, approximately $465 per square foot. This property was built in 2003. 51 Lafayette St Unit 606 is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

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