NOT LISTED FOR SALE

Estimated Value: $455,000 - $541,000

2 Beds
1 Bath
1,000 Sq Ft
0.48 Acres

Last Sold October 16, 2024

Last sale price $485,000 $485 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,032/month

122 Days on Market

Highlights

  • Marina
  • 0.48 Acre Lot
  • Property is near public transit
  • No Units Above
  • Open Floorplan
  • 3-minute walk to Salem Harbor Walk

About This Home

As of October 2024

Penthouse living in the heart of Downtown Salem at Derby Lofts, be just steps away from the picturesque waterfront, museums, restaurants, shops, cafes & nightlife. As you enter this open-concept loft you are greeted with soaring ceilings, oversized windows and hardwood flrs that effortlessly blend the perfect living space with spectacular views and westward sunsets. Granite and SS Kitchen, Central Air, In-unit laundry and ample storage are all included in this great opportunity. Professionally managed building with elevator access, Drive-thru exclusive drop off for residents only & a welcoming pet friendly association make you feel right at home!

Last Agent to Sell the Property

Zoe Karademos

Coldwell Banker Realty - Marblehead Listed on: 05/14/2024

Coldwell Banker Realty - Marblehead

Last Buyer's Agent

Janet Stuart

Coldwell Banker Realty - Concord

Coldwell Banker Realty - Concord

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,804

Year Built

  • Built in 2003

Lot Details

  • No Units Above

Home Design

  • Garden Home
  • Entry on the 6th floor
  • Brick Exterior Construction

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Insulated Windows
  • Dining Area

Kitchen

  • Stove
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Security Gate
  • Intercom

Parking

  • 1 Car Parking Space
  • Leased Parking
  • Common or Shared Parking
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number M:34 L:0485 S:854,4656145

Community Details

Overview

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

Amenities

  • Shops
  • Elevator

Recreation

  • Marina
  • Park

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,804

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden, Mid-Rise
  • Year Built: 2003
  • Entry Level: 6
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Other
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Hardwood, Wood Laminate
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Closet, Flooring - Hardwood
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Closet, Flooring - Hardwood
  • Room Master Bedroom Level: First
  • Bathroom 1 Features: Bathroom - Full, Flooring - Stone/Ceramic Tile
  • Bathroom 1 Level: First
  • Room Kitchen Level: First
  • Room Kitchen Features: Dining Area, Countertops - Stone/Granite/Solid, Open Floorplan, Stainless Steel Appliances, Gas Stove
  • Laundry Features: First Floor, In Unit
  • Room Living Room Level: First
  • Room Living Room Features: Open Floorplan
  • Basement: N
  • Living Area: 1000
  • Spa YN: No
  • Stories Total: 1
  • Window Features: Insulated Windows
  • MAIN LO: AN6181
  • MAIN SO: AN6181

Exterior Features

  • Common Walls: No One Above
  • Construction Materials: Brick
  • Home Warranty YN: No
  • Waterfront Features: Beach Front, Harbor, Ocean, 3/10 to 1/2 Mile To Beach
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Common, Leased
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Security Features: Intercom, Security Gate
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Elevator(s)
  • Association Fee: 406.29
  • Community Features: Public Transportation, Shopping, Park, Highway Access, Marina, T-Station, University
  • Senior Community YN: No
  • MANAGEMENT: Professional - Off Site

Fee Information

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

Lot Info

  • Parcel Number: M:34 L:0485 S:854,4656145
  • 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
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4804

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2015
Closed on
Dec 15, 2015
Sold by
Dagostino Ronald D and Dagostino Frances D
Bought by
Goldberg William H
Seller's Agent
Chuck Carey
Coldwell Banker Realty - Marblehead
Buyer's Agent
Zoe Karademos
Coldwell Banker Realty - Marblehead
List Price
$299,000
Sold Price
$268,000
Premium/Discount to List
-$31,000
-10.37%
Current Estimated Value
$497,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,499
Avg. Annual Appreciation
6.39%
Original Mortgage
$214,400
Outstanding Balance
$168,055
Interest Rate
3.77%
Mortgage Type
Commercial
Estimated Equity
$329,444

Purchase Details

Listed on
Jul 17, 2012
Closed on
Aug 31, 2012
Sold by
Lober Patrick W
Bought by
Dagostino Ronald D and Dagostino Frances D
Seller's Agent
Chuck Carey
Coldwell Banker Realty - Marblehead
Buyer's Agent
Chuck Carey
Coldwell Banker Realty - Marblehead
List Price
$269,000
Sold Price
$225,000
Premium/Discount to List
-$44,000
-16.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.46%

Purchase Details

Closed on
May 28, 2009
Sold by
Derby Lofts Llc
Bought by
Lober Patrick W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Goldberg William H $268,000 --
Dagostino Ronald D $225,000 --
Dagostino Ronald D $225,000 --
Lober Patrick W $267,500 --
Lober Patrick W $267,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goldberg William H $214,400
Closed Lober Patrick W $214,400
Previous Owner Lober Patrick W $87,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2024 10/16/24 Sold $485,000 0.0% $485 / Sq Ft
09/14/2024 09/14/24 Pending -- -- --
09/06/2024 09/06/24 Price Changed $484,900 -3.0% $485 / Sq Ft
06/08/2024 06/08/24 Price Changed $499,900 -3.1% $500 / Sq Ft
05/14/2024 05/14/24 For Sale $516,000 +92.5% $516 / Sq Ft
12/15/2015 12/15/15 Sold $268,000 -7.3% $271 / Sq Ft View Prior Sale
11/13/2015 11/13/15 Pending -- -- --
08/05/2015 08/05/15 Price Changed $289,000 -3.3% $293 / Sq Ft
04/27/2015 04/27/15 For Sale $299,000 0.0% $303 / Sq Ft
07/22/2014 07/22/14 Rented $1,900 0.0% --
06/22/2014 06/22/14 Under Contract -- -- --
04/08/2014 04/08/14 For Rent $1,900 0.0% --
08/31/2012 08/31/12 Sold $225,000 -16.4% $228 / Sq Ft View Prior Sale
08/18/2012 08/18/12 Pending -- -- --
07/17/2012 07/17/12 For Sale $269,000 -- $272 / 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 $4,950 $436,500 $0 $436,500
2024 $4,804 $413,400 $0 $413,400
2023 $5,039 $402,800 $0 $402,800
2022 $4,888 $368,900 $0 $368,900
2021 $4,769 $345,600 $0 $345,600
2020 $4,984 $344,900 $0 $344,900
2019 $4,880 $323,200 $0 $323,200
2018 $4,566 $296,900 $0 $296,900
2017 $4,482 $282,600 $0 $282,600
2016 $4,604 $293,800 $0 $293,800
2015 $4,286 $261,200 $0 $261,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73237685

MLS Property Information Network (MLS PIN)

APN: SALE-000034-000000-000485-000854-000854