$725,000
SOLD OCT 17, 2025

Derby Lofts Condos 51 Lafayette St Unit 609 Floor 6 Salem, MA 01970

Downtown Salem Neighborhood
2 Beds
2 Baths
1,520 Sq Ft
$559/mo HOA Fee

Recently Sold

$477 Per Sq Ft

3% Below List Price

7 Days on Market

Highlights

  • Marina
  • No Units Above
  • 0.48 Acre Lot
  • Medical Services
  • City View
  • 3-minute walk to Salem Harbor Walk

About This Home

As of October 2025

Derby Lofts rare 1,520± SF corner penthouse with 161± SF private balcony in Downtown Salem, just 5 blocks to commuter rail and minutes to the Boston Harbor Ferry. Enjoy the best sunsets in Salem from soaring 10’+ ceilings, dramatic windows, and sweeping city views. A 2024 kitchen renovation features new appliances, maple butcher block counters, a soapstone wet zone with custom sink, open shelving, custom cabinetry with pull-outs, exposed brick, and industrial lighting. Living/dining area with floor-to-ceiling custom bookcase and ladder. Primary suite with 2023 spa-inspired bath—walk-in shower, marble hex tile, new vanity, fixtures, and lighting—plus lime-washed brick accent, chandelier reading nook, and electric fireplace. Balcony with new decking. Building amenities include 2 elevators, skylit atrium, and secure entry. Two covered garage parking spaces available by lease (first-come, first-served). Shops, dining, PEM, waterfront, and arts venues at your doorstep.

Last Agent to Sell the Property

Sophie Soman

LandVest, Inc., Manchester -by-the-Sea Listed on: 09/06/2025

Last Buyer's Agent

Beth Jacobs

Coldwell Banker Realty - Marblehead

Coldwell Banker Realty - Marblehead

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,635

Year Built

  • Built in 2003

Lot Details

  • No Units Above

HOA Fees

  • $559 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Leased Parking
  • Common or Shared Parking
  • Deeded Parking

Home Design

  • Entry on the 6th floor
  • Rubber Roof
  • Stone

Interior Spaces

  • 1,520 Sq Ft Home
  • 1-Story Property
  • City Views

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Security Gate
  • Intercom
  • Door Monitored By TV

Outdoor Features

  • Balcony
  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 110 Volts
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number M:34 L:0485 S:853,4656146

Community Details

Overview

  • Association fees include water, sewer, insurance, security, maintenance structure, ground maintenance, snow removal, trash, reserve funds
  • 54 Units
  • High-Rise Condominium
  • Derby Lofts Community

Amenities

  • Medical Services
  • Shops
  • Coin Laundry
  • Elevator

Recreation

  • Marina
  • Tennis Courts
  • Park
  • Jogging Path

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,635

Year Built

Built in 2003

Lot Details

0

HOA Fees

$559 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: High-Rise
  • Year Built: 2003
  • Entry Level: 6
  • Year Built Details: Actual
  • Year Round: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood, Tile
  • Interior Amenities: Internet Available - Unknown, Elevator
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Master Bathroom Features: Yes
  • Laundry Features: In Unit, Gas Dryer Hookup, Washer Hookup
  • Basement: N
  • Above Grade Finished Sq Ft: 1520
  • Living Area: 1520
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: C03800
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Deck, Balcony, City View(s)
  • Common Walls: No One Above
  • Construction Materials: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Roof: Rubber
  • View: City
  • View YN: Yes
  • Waterfront Features: Harbor, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Parking Features: Deeded, Common, Leased

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Oven, for Gas Dryer, Washer Hookup
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Electric: 110 Volts, Circuit Breakers
  • Heating YN: Yes
  • Security Features: Intercom, TV Monitor, Security Gate
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Elevator(s)
  • Association Fee: 558.77
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, House of Worship, Marina, Public School, T-Station, University
  • Senior Community YN: No
  • MANAGEMENT: Professional - Off Site

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Security, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds

Lot Info

  • Parcel Number: M:34 L:0485 S:853,4656146
  • Zoning: B5
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.48
  • Lot Size Sq Ft: 20752
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • OUTDOOR SPACE AVAILABLE: Yes - Private

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 6635

Multi Family

  • Number Of Units Total: 54
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2025
Closed on
Oct 17, 2025
Sold by
Olson Kristine K
Bought by
Jacobs Michael
Seller's Agent
Sophie Soman
LandVest, Inc., Manchester -by-the-Sea
Buyer's Agent
Beth Jacobs
Coldwell Banker Realty - Marblehead
List Price
$749,000
Sold Price
$725,000
Premium/Discount to List
-$24,000
-3.2%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.15%
Original Mortgage
$275,000
Outstanding Balance
$274,751
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$471,160

Purchase Details

Listed on
Sep 6, 2025
Closed on
Aug 29, 2025
Sold by
Milas Brian T and Olson Kristine K
Bought by
Olson Kristine K
Seller's Agent
Sophie Soman
LandVest, Inc., Manchester -by-the-Sea
Buyer's Agent
Beth Jacobs
Coldwell Banker Realty - Marblehead
List Price
$749,000
Sold Price
$725,000
Premium/Discount to List
-$24,000
-3.2%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Outstanding Balance
$274,751
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$471,160

Purchase Details

Listed on
Feb 11, 2016
Closed on
Sep 9, 2016
Sold by
Derby Lofts Llc
Bought by
Olson Kristine K and Milas Brian T
Seller's Agent
Thomas Costagliola
Experience Real Estate
Buyer's Agent
Shannon Downey
Buckley Realty Group, Inc.
List Price
$449,000
Sold Price
$425,000
Premium/Discount to List
-$24,000
-5.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.04%
Original Mortgage
$340,000
Interest Rate
3.48%
Mortgage Type
New Conventional
Source: Public Records

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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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $725,000 --
Quit Claim Deed $80,000 --
Quit Claim Deed $425,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $275,000 Purchase Money Mortgage
Previous Owner $150,000 Second Mortgage Made To Cover Down Payment
Previous Owner $340,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/17/2025 10/17/25 Sold $725,000 -3.2% $477 / Sq Ft
09/13/2025 09/13/25 Pending -- -- --
09/06/2025 09/06/25 For Sale $749,000 +76.2% $493 / Sq Ft
09/08/2016 09/08/16 Sold $425,000 -5.3% $280 / Sq Ft View Prior Sale
08/04/2016 08/04/16 Pending -- -- --
07/07/2016 07/07/16 For Sale $449,000 0.0% $295 / Sq Ft
05/17/2016 05/17/16 Pending -- -- --
04/16/2016 04/16/16 Price Changed $449,000 0.0% $295 / Sq Ft
04/16/2016 04/16/16 For Sale $449,000 +0.9% $295 / Sq Ft
04/06/2016 04/06/16 Pending -- -- --
03/29/2016 03/29/16 Price Changed $445,000 0.0% $293 / Sq Ft
03/29/2016 03/29/16 For Sale $445,000 +4.7% $293 / Sq Ft
03/09/2016 03/09/16 Off Market $425,000 -- --
02/19/2016 02/19/16 Price Changed $444,888 0.0% $293 / Sq Ft
02/11/2016 02/11/16 For Sale $445,000 -- $293 / 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 $6,635 $585,100 $0 $585,100
2024 $6,427 $553,100 $0 $553,100
2023 $6,720 $537,200 $0 $537,200
2022 $6,514 $491,600 $0 $491,600
2021 $6,363 $461,100 $0 $461,100
2020 $6,648 $460,100 $0 $460,100
2019 $6,507 $430,900 $0 $430,900
2018 $6,083 $395,500 $0 $395,500
2017 $5,967 $376,200 $0 $376,200
2016 $5,691 $363,200 $0 $363,200
2015 $5,292 $322,500 $0 $322,500
Source: Public Records

Agents Affiliated with this Home

  • Sophie Soman

    Seller's Agent in 2025

    Sophie Soman

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

    (617) 357-0452

    4 in this area

    47 Total Sales

    Sophie Soman
    Section Image
  • Beth Jacobs

    Buyer's Agent in 2025

    Beth Jacobs

    Coldwell Banker Realty - Marblehead

    (781) 820-9957

    1 in this area

    19 Total Sales

    Beth Jacobs
    Section Image

  • T

    Seller's Agent in 2016

    Thomas Costagliola

    Experience Real Estate

    5 Total Sales

    Thomas Costagliola
    Section Image

  • S

    Buyer's Agent in 2016

    Shannon Downey

    Buckley Realty Group, Inc.

    Section Image
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About Derby Lofts Condos

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73426999

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000485-000853-000853

Massachusetts Essex County Salem 01970 Downtown Salem

51 Lafayette St Unit 609, Salem, MA

Sold

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