NOT LISTED FOR SALE

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

Downtown Salem Neighborhood

Estimated Value: $598,000 - $728,000

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. 30% increase in value since last sale

Current estimated payment $4,528/month

21 Days on Market

Highlights

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

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

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
$647,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,828
Avg. Annual Appreciation
3.48%
Original Mortgage
$374,250
Outstanding Balance
$321,774
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$326,054

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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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
Kolodziej Craig T $499,000 --
Giller Rew -- --
Source: Public Records

Mortgage History

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

Property History

Date Event Price List to Sale Price per Sq Ft
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

    128 Total Sales

    John Farrell
    Section Image

  • C

    Seller Co-Listing Agent in 2018

    Cindy Farrell

    Coldwell Banker Realty - Beverly

    (978) 468-4180

    66 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

Not Listed for Sale

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