NOT LISTED FOR SALE

Derby Lofts Condos 51 Lafayette St Unit 608 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $510,000 - $712,000

2 Beds
2 Baths
1,381 Sq Ft
$591/mo HOA Fee

Last Sold April 17, 2018

Last sale price $499,000 $361 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $4,384/month

21 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • 5-minute walk to Piperpont Park

About This Home

As of April 2018

Derby Lofts Penthouse unit available! Enjoy spectacular panoramic, historic Salem city views from this sunny westward facing condominium. Ceilings are very high with fabulous large windows allowing the natural light to flood throughout. The polished industrial style will compete for your attention with the captivating view. Open floor plan. Kitchen with granite counters and stainless appliances. Master with private bath and walk-in closet. Foyer entry with large pantry closet and in-unit laundry. The living room and master bedroom both have glass doors that lead out to the private balcony/deck that runs the length of the unit. Plenty of room outside for seating and a table. Building has two elevators and a welcoming bright open central atrium hallway with a large skylight. This downtown brick building encompasses the block and fronts Derby and Central street. The first floor has intriguing shops. Great Central location, commuter rail, Salem Harbor walk, historic district all nearby.

Last Agent to Sell the Property

John Farrell

Coldwell Banker Realty - Beverly Listed on: 03/05/2018

Coldwell Banker Realty - Beverly

Co-Listed By

Cindy Farrell

Coldwell Banker Realty - Beverly License #454001828

Last Buyer's Agent

Carrie Gundersen

MV of Massachusetts LLC License #454007640

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,316

Year Built

  • Built in 2003

Lot Details

  • 0.48

HOA Fees

  • $591 per month

Kitchen

  • Built-In Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Water Holding Tank
  • Natural Gas Water Heater

Additional Features

  • Wood Flooring
  • Year Round Access

Community Details

  • Pets Allowed

Listing and Financial Details

  • Assessor Parcel Number M:34 L:0485 S:852

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,316

Year Built

Built in 2003

Lot Details

0

HOA Fees

$591 per month

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Garden, Mid-Rise
  • Year Built Description: Actual
  • List Price Per Sq Ft: 361.33
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 2003
  • Lead Paint: Unknown
  • Year Round: Yes
  • Unit Building: 608
  • Unit Level: 6
  • Unit Placement: Upper, Top/Penthouse, Garden
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2003

Interior Features

  • Flooring: Hardwood
  • Appliances: Range, Dishwasher, Countertop Range, Refrigerator, Washer, Dryer
  • No Bedrooms: 2
  • Master Bedroom: On Level: First Floor, Dimension: 19X10, Bathroom - Full, Closet - Walk-in, Balcony - Exterior
  • Bedroom 2: On Level: First Floor, Dimension: 7X9, Closet
  • Full Bathrooms: 2
  • Primary Bathroom: Yes
  • Bathroom 1: On Level: First Floor, Dimension: 9X5, Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
  • Bathroom 2: On Level: First Floor, Dimension: 5X8, Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
  • No Rooms: 4
  • Dining Room: On Level: First Floor
  • Kitchen: On Level: First Floor, Dimension: 18X11, Dining Area, Open Floor Plan, Stainless Steel Appliances, Gas Stove
  • Laundry: On Level: First Floor, Washer Hookup
  • Living Room: On Level: First Floor, Dimension: 15X15, Balcony - Exterior, Open Floor Plan
  • Other Room 1: Name: Foyer, On Level: First Floor
  • No Living Levels: 1
  • Main Lo: K95001
  • Main So: NB3534
  • Estimated Sq Ft: 1381.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Exterior: Brick
  • Exterior Unit Features: Balcony, City View(s)

Garage/Parking

  • Parking Feature: Rented

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Cooling: Central Air
  • Cooling Zones: 1
  • Heating: Forced Air, Gas
  • Heat Zones: 1
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range, for Gas Dryer, Washer Hookup

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Stables, Golf Course, Medical Facility, Laundromat, Bike Path, Conservation Area, Marina, Private School, Public School, T-Station, University
  • HOA Fees: 591.00
  • Association Fee Includes: Sewer, Master Insurance, Elevator, Exterior Maintenance, Snow Removal, Refuse Removal
  • Condo Association: Yes
  • Association Security: Intercom
  • Management: Professional - Off Site

Association/Amenities

  • Condominium Name: Derby Lofts

Schools

  • High School: Salem HS

Lot Info

  • Assessments: 378700.00
  • Acre: 0.48
  • Lot Size: 20752.00
  • Page: 140
  • Parcel Number: M:34 L:0485 S:852
  • Zoning: B5
  • Master Book: 20398
  • Master Page: 223

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Taxes: 5824.00
  • Assessor Parcel Number: 4656135

Multi Family

  • No Units: 54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2018
Closed on
Apr 17, 2018
Sold by
Giller Andrew B
Bought by
Kolodziej Craig T
Seller's Agent
John Farrell
Coldwell Banker Realty - Beverly
Buyer's Agent
Carrie Gundersen
MV of Massachusetts LLC
List Price
$550,000
Sold Price
$499,000
Premium/Discount to List
-$51,000
-9.27%
Current Estimated Value
$615,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,678
Avg. Annual Appreciation
2.97%
Original Mortgage
$374,250
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2016
Sold by
Derby Lofts
Bought by
Giller Rew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
3.57%
Source: Public Records

Similar Homes in Salem, MA

  • 51 Lafayette St Unit 304, Salem, MA 01970

    $589,000

    • 2 Beds
    • 2 Baths
    • 1,620 Sq Ft
    • 51 Lafayette St
    • Unit 304
    • Salem, MA

    Fabulous sunny, southeast side, corner unit with water views! Experience modern luxury living at its finest at the Derby Lofts Condos located on Lafayette Street in beautiful historic Salem. Enjoy easy living with two bedrooms, two bathrooms in an open layout with new appliances and an updated primary bath. Walls of glass and picture window overlook Derby Street and the South River Canal. The

    Sophie Soman LandVest, Inc., Manchester -by-the-Sea

    Section Image
  • 20 Central St Unit 405, Salem, MA 01970

    $589,900

    • 2 Beds
    • 2 Baths
    • 1,387 Sq Ft
    • 20 Central St
    • Unit 405
    • Salem, MA

    Welcome to this updated PH unit in the desirable Central Plaza complex located in the heart of downtown Salem. Unit is in close proximity to public trans., MBTA, shops, restaurants, Salem waterfront, inc. the ferry to Boston & all downtown Salem has to offer. Unit features 2 BR with ceiling fans, 2 fully renovated baths w/an open concept kitchen/LR & DR area. Kitchen has a large walk in pantry,

    Catherine Ratcliffe Homesmart Success Realty

    Section Image
  • 20 Central St Unit 402, Salem, MA 01970

    $699,000

    • 2 Beds
    • 2 Baths
    • 1,395 Sq Ft
    • 20 Central St
    • Unit 402
    • Salem, MA

    Updated penthouse unit in desirable building with Westerly views across the city of historic Derby Square and Old Town Hall. Located in the heart of Salem, steps from shops, restaurants, museums, harbor, the Salem Common and the Commuter Rail, this unit has it all. Renovations by the current owners resulted in a spacious gourmet kitchen with newly installed quartz countertops and tile floors as

    Amanda Armstrong Compass

    Section Image
  • 140 Washington St Unit 1C, Salem, MA 01970

    $619,000

    • 2 Beds
    • 2 Baths
    • 1,210 Sq Ft
    • 140 Washington St
    • Unit 1C
    • Salem, MA

    Modern, loft style condominium now available in the heart of downtown Salem! Stop renting now and enjoy the pride of ownership or become a landlord and take advantage of a solid property with a strong rental history. This gorgeous home has soaring ceilings, HUGE windows, exposed brick walls, natural post beams, and its drenched in natural light. There are two generous bedrooms, two full baths, a

    Joe Firicano Boston Hub Real Estate

    Section Image
  • 99 Washington St Unit 23, Salem, MA 01970

    $659,000

    • 2 Beds
    • 2 Baths
    • 1,492 Sq Ft
    • 99 Washington St
    • Unit 23
    • Salem, MA

    Downtown living at its best! Peer out at the action of downtown Salem through the huge windows and across the open living area, which give this single-level condominium a loft-like feel. Situated in the heart of downtown, take the convenient elevator out to instant access to dining and shops. When you aren't busy watching the hustle and bustle of downtown, enjoy the living room with built-in

    Merry Fox Team MerryFox Realty

    Section Image
  • 281 Essex St Unit 206, Salem, MA 01970

    $569,000

    • 2 Beds
    • 2 Baths
    • 972 Sq Ft
    • 281 Essex St
    • Unit 206
    • Salem, MA

    OPEN HOUSE WEDNESDAY, 4:30-6:00 PM. Experience unparalleled urban living in this stunning two-bedroom, two-bath corner loft at Latitude Condos, nestled in historic seaside Salem. Flooded with natural light from soaring ceilings and large NEW windows, this home boasts timeless character with exposed brick walls and original maple floors. The gourmet kitchen features stainless steel appliances, a

    Jim Armstrong Aluxety

    Section Image
  • 7 Curtis St Unit 1, Salem, MA 01970

    $549,900

    • 2 Beds
    • 2.5 Baths
    • 905 Sq Ft
    • 7 Curtis St
    • Unit 1
    • Salem, MA

    This beautifully restored classic mid-19th century home in Salem’s desirable Wharf neighborhood is a must-see. Ideally located just a short distance from Pickering Wharf, the Salem Ferry, and the Commuter Rail – you'll enjoy easy access to all that Salem’s vibrant downtown has to offer. Careful attention was given to preserving the original features of this classic antique. Exposed beams and wood

    Daniel Meegan J. Barrett & Company

    Section Image
  • 8 Williams St Unit E1, Salem, MA 01970

    $469,900

    • 1 Bed
    • 1 Bath
    • 757 Sq Ft
    • 8 Williams St
    • Unit E1
    • Salem, MA

    Welcome to 8 Williams St – Unit E1 in historic Salem, MA! This charming 1-bed, 1-bath condo offers the perfect blend of character and modern convenience. Enjoy a sunny living space, in-unit laundry, private porch, reserved storage space and off-street parking. Pet-friendly, so your furry friend is welcome too! Just a stones throw from vibrant downtown, you're minutes from Salem Common, the

    Allison Murray Chinatti Realty Group, Inc.

    Section Image
  • 15 Cabot St Unit 3, Salem, MA 01970

    $470,000

    • 2 Beds
    • 1 Bath
    • 934 Sq Ft
    • 15 Cabot St
    • Unit 3
    • Salem, MA

    This stylish and sun-filled top-floor 2 bed, 1 bath condo is beautifully updated and well maintained. The building was fully renovated in 2019 (including the addition of a sprinkler system) and all major systems and appliances are approximately five years old. The home features central AC, a spacious full bath, and in-unit full-size washer and dryer. The open-concept living area includes dark

    Rita Lu Keller Williams Realty Boston-Metro | Back Bay

    Section Image
See All Homes in Salem

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kolodziej Craig T $499,000 --
Giller Rew -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kolodziej Craig T $365,000
Closed Kolodziej Craig T $374,250
Previous Owner Giller Rew $320,000
Previous Owner Giller Rew --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2018 04/17/18 Sold $499,000 0.0% $361 / Sq Ft
03/26/2018 03/26/18 Pending -- -- --
03/22/2018 03/22/18 Price Changed $499,000 -9.3% $361 / Sq Ft
03/05/2018 03/05/18 For Sale $550,000 -- $398 / 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 $6,316 $557,000 $0 $557,000
2024 $6,120 $526,700 $0 $526,700
2023 $6,426 $513,700 $0 $513,700
2022 $6,233 $470,400 $0 $470,400
2021 $6,087 $441,100 $0 $441,100
2020 $6,361 $440,200 $0 $440,200
2019 $6,227 $412,400 $0 $412,400
2018 $5,824 $378,700 $0 $378,700
2017 $5,714 $360,300 $0 $360,300
2016 $5,453 $348,000 $0 $348,000
2015 $5,072 $309,100 $0 $309,100
Source: Public Records

Agents Affiliated with this Home

  • John Farrell

    Seller's Agent in 2018

    John Farrell

    Coldwell Banker Realty - Beverly

    (978) 578-5203

    136 Total Sales

    John Farrell
    Section Image

  • C

    Seller Co-Listing Agent in 2018

    Cindy Farrell

    Coldwell Banker Realty - Beverly

    (978) 468-4180

    70 Total Sales

    Cindy Farrell
    Section Image

  • C

    Buyer's Agent in 2018

    Carrie Gundersen

    MV of Massachusetts LLC

See All Agents

About Derby Lofts Condos

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72288932

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000485-000852-000852

Massachusetts Essex County Salem 01970 Downtown Salem

51 Lafayette St Unit 608, Salem, MA

This home is located at 51 Lafayette St Unit 608, Salem, MA 01970 since 05 March 2018 and is currently estimated at $615,678, approximately $445 per square foot. This property was built in 2003. 51 Lafayette St Unit 608 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.

Nearby Homes