NOT LISTED FOR SALE

Derby Lofts Condos 51 Lafayette St Unit 607 Floor 6 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $504,000 - $729,000

2 Beds
2 Baths
1,500 Sq Ft
2003 Built

Sale Details

Date Sold: July 15, 2016

Last sale price $403,000 $269 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $4,845 / mo

63 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • 3-minute walk to Salem Harbor Walk

About This Home

As of July 2016

Bank Owned - Derby Street Lofts - Modern Sophisticated Loft Living in Downtown Salem. Walking distance to commuter rail & just a few blocks to Boston Harbor Ferry. Million dollar sweeping city views with 10'+ ceilings. BUYER to assume assessment fee.

Last Agent to Sell the Property

Amit Anand

Equinox Properties License #REB.0017097 Listed on: 04/12/2016

Last Buyer's Agent

Non-Mls Member

Non-Mls Member

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,134

Year Built

  • Built in 2003

HOA Fees

  • $646 Monthly HOA Fees

Home Design

  • 1,500 Sq Ft Home
  • Entry on the 6th floor
  • Brick Exterior Construction
  • Combination Foundation
  • Masonry

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • No Garage
  • Unassigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 485
  • Assessor Parcel Number 51LAFAYETTEST607SALM

Community Details

Overview

  • 62 Units
  • Salem Subdivision
  • 6-Story Property

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,134

Year Built

Built in 2003

Lot Details

0 Sq Ft Lot

HOA Fees

$646 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: SALEM
  • Above Grade Finished Sq Ft: 1500.0
  • Architectural Style: Loft
  • Building Name: Derby Street Lofts
  • Entry Level: 6
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 6
  • Year Built: 2003
  • Property Sub Type Additional: Condominium
  • Special Features: RealEstateOwned
  • Stories: 6

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Elevator
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Living Area: 1500.0
  • Stories: 6

Exterior Features

  • Construction Type: Brick, Masonry
  • Foundation Details: Combination

Garage/Parking

  • Parking Features: No Garage, Unassigned

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 645.84
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes
  • Common Interest: Condominium

Lot Info

  • Parcel #: 51LAFAYETTEST607SALM

Multi Family

  • Number Of Units In Community: 62

Tax Info

  • Tax Annual Amount: 6134.0
  • Tax Lot: 485
  • Tax Year: 2016

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2021
Sold by
Bought by
Current Estimated Value
$655,249

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,100
Outstanding Balance
$480,583
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$174,666

Purchase Details

Listed on
Apr 12, 2016
Closed on
Jun 7, 2016
Sold by
Bought by
Seller's Agent
Amit Anand
Equinox Properties
Buyer's Agent
Non-Mls Member
Non-Mls Member
List Price
$380,000
Sold Price
$403,000
Premium/Discount to List
$23,000
6.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.93%
Original Mortgage
$322,656
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2016
Sold by
Bought by

Purchase Details

Closed on
Jan 28, 2014
Sold by
Bought by

Purchase Details

Closed on
Jul 1, 2008
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Downtown Salem, MA

  • Justin Blankenship Real Estate Agent - Fiv Realty Co

    Justin Blankenship

    Fiv Realty Co

    (781) 417-3370

    64 Total Sales

    1 in Downtown Salem

    $629,500 Price

    Justin Blankenship
     Section Image
  • Karol Flannery Real Estate Agent - RE/MAX Bentley's

    Karol Flannery

    RE/MAX Bentley's

    (978) 518-3106

    36 Total Sales

    2 in Downtown Salem

    $359K - $560K Price Range

    Karol Flannery
     Section Image
  • Vivien Marcus Real Estate Agent - Keller Williams Realty Success

    Vivien Marcus

    Keller Williams Realty Success

    (351) 222-3144

    48 Total Sales

    1 in Downtown Salem

    $410,000 Price

    Vivien Marcus
     Section Image
  • Nick Cuevas Real Estate Agent - Compass

    Nick Cuevas

    Compass

    (781) 776-5198

    71 Total Sales

    1 in Downtown Salem

    $740,000 Price

    Nick Cuevas
     Section Image
  • North Shore and More Team Real Estate Agent - eXp Realty LLC - Corporate Office

    North Shore and More Team

    eXp Realty LLC - Corporate Office

    (339) 444-2882

    36 Total Sales

    1 in Downtown Salem

    $315,000 Price

    North Shore and More Team
     Section Image
  • Tyson Lynch Real Estate Agent - The Proper Nest Real Estate

    Tyson Lynch

    Responds Quickly

    The Proper Nest Real Estate

    (351) 666-4531

    53 Total Sales

    3 in Downtown Salem

    $290K - $1.1M Price Range

    Tyson Lynch
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$599,000 None Available
$403,321 --
-- --
$274,700 --
$435,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $539,100
Previous Owner $322,656
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/24/2025 11/24/25 Off Market $403,000 -- --
07/15/2016 07/15/16 Sold $403,000 +6.1% $269 / Sq Ft
06/15/2016 06/15/16 Pending -- -- --
04/12/2016 04/12/16 For Sale $380,000 -- $253 / Sq Ft
Source: State-Wide MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,171 $632,400 $0 $632,400
2024 $6,948 $597,900 $0 $597,900
2023 $7,293 $583,000 $0 $583,000
2022 $7,070 $533,600 $0 $533,600
2021 $5,549 $500,600 $0 $500,600
2020 $7,193 $497,800 $0 $497,800
2019 $5,669 $466,200 $0 $466,200
2018 $6,553 $426,100 $0 $426,100
2017 $6,430 $405,400 $0 $405,400
2016 $6,135 $391,500 $0 $391,500
2015 $5,702 $347,500 $0 $347,500
Source: Public Records

Agents Affiliated with this Home

  • Amit Anand Real Estate Agent - Equinox Properties

    Seller's Agent in 2016

    Amit Anand

    Equinox Properties

    (401) 258-0546

    65 Total Sales

    Amit Anand
    Section Image

  • N

    Buyer's Agent in 2016

    Non-Mls Member

    Non-Mls Member

See All Agents

About Derby Lofts Condos

Map

Source: State-Wide MLS

MLS Number: 1122730

State-Wide MLS

APN: SALE-000034-000000-000485-000851-000851

Massachusetts Essex County Salem 01970 Downtown Salem

51 Lafayette St Unit 607, Salem, MA

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