NOT LISTED FOR SALE

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

Downtown Salem Neighborhood

Estimated Value: $551,000 - $714,000

2 Beds
2 Baths
1,520 Sq Ft
0.48 Acres

Last Sold September 08, 2016

Last sale price $425,000 $280 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $4,091/month

175 Days on Market

About This Home

As of September 2016

Derby Lofts - Rare to market corner penthouse unit, 1520 SF +161 SF balcony / deck - Experience Modern Sophisticated Loft Living in Downtown Salem only 5 blocks to commuter rail & 11 to Boston Harbor Ferry. Experience sweeping city views with 10'+ ceilings, tons of light & windows, maple floors, 2 Bedrooms, 2 Full Baths (1 Ensuite), maple kitchen cabinets, granite counters, stainless steel finish kitchen appliances, high efficiency HVAC, in-unit Washer & Dryer. BUILDING - Two elevators, gated drive-through and entrances on two streets. Easy living at its best, central sky lit atrium and meeting space. FIRST FLOOR SHOPS - cheese shop, curios shop, pizza parlor, cosmetics store, hair salon/spa, coffee house within A&J artisan bakery. NEIGHBORHOOD - restaurants, museums - Peabody Essex, national landmarks, Arts & Music Venues, 1 mile river and harbor walk along water's edge to Derby Wharf Light. Experience Derby Lofts in the center of Destination Salem. - Fresh paint, newly sanded floors

Last Agent to Sell the Property

Thomas Costagliola

Experience Real Estate Listed on: 02/11/2016

Last Buyer's Agent

Shannon Downey

Buckley Realty Group, Inc.

Ownership History

Date Name Owned For Owner Type

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%
Current Estimated Value
$635,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,148
Avg. Annual Appreciation
4.60%
Original Mortgage
$340,000
Interest Rate
3.48%
Mortgage Type
New Conventional
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
Olson Kristine K $425,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Milas Brian T $315,000
Closed Olson Kristine K $340,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2016 09/08/16 Sold $425,000 -5.3% $280 / Sq Ft
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

  • T

    Seller's Agent in 2016

    Thomas Costagliola

    Experience Real Estate

    5 Total Sales

    Thomas Costagliola
    Section Image
  • Shannon Downey

    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: 71958414

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

This home is located at 51 Lafayette St Unit 609, Salem, MA 01970 since 11 February 2016 and is currently estimated at $635,148, approximately $417 per square foot. This property was built in 2003. 51 Lafayette St Unit 609 is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

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