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125 Derby Street # D, Salem MA 01970

Salem, MA 01970 • Downtown
$579,000
$549,500
Est. $3,816/month
2
Beds
2
Baths
1,416
Sq Ft
$388
Price/Sq Ft
1768
Year Built
60
Days on Market
Active Price Drop -$29,500 Listed May 6, 2026 • MLS# 73514238 Copied! • Updated Jun 30, 2026

About this home

Step back in time without sacrificing modern convenience. Built in 1768 for Captain Edward Allen, this exceptional 6-room, 2-bedroom townhome is nestled in the heart of Salem's Historic District, just steps from The House of the Seven Gables, Pickering Wharf, and the historic Ye Olde Pepper Companie. Rich with period character, the home showcases beautifully refinished original King pine hardwood floors, multiple original fireplaces, and timeless architectural details throughout. The elegant dining room features a stunning hand-painted mural depicting Pickering Wharf as it appeared during the home's early years, creating a one-of-a-kind setting for entertaining. Thoughtfully updated for today's lifestyle, the home also offers a renovated kitchen, in-unit washer and dryer, and the perfect blend of historic charm and modern comfort. Rarely does an opportunity arise to own a piece of Salem's rich history in one of its most sought-after locations.

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Recently Sold Nearby

Property History

Market Insights

3
Price Changes
5.2%
Price Range

Property Timeline

Price Increased
Jun 26, 2026
$549,500 +$500 (+0.09%)
From $549,000 to $549,500 (+0.1%)
Price Reduced
Jun 17, 2026
$549,000 $10,000 (-1.79%)
From $559,000 to $549,000 (-1.8%)
Price Reduced
May 28, 2026
$559,000 $20,000 (-3.45%)
From $579,000 to $559,000 (-3.5%)
👁️
Showing Instructions Updated
May 13, 2026
New showing requirements
🏠
Listed for Sale
May 7, 2026
$579,000
Original listing
Agent: Patrick Sargent Office: Herrick Lutts Realty Partners

Tax History

Year Taxes Assessment
2025 $5,855 $516,300

Financial Details

Annual Property Tax
$5,855
Tax Year 2025
HOA Fee
$350
Monthly
Assessed Value
$516,300

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1768
Living Area 1,416 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 6

Interior

Heating Oil, Fireplace(s)
Cooling Window Unit(s)
Flooring Carpet, Hardwood, Flooring - Wall To Wall Carpet
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace Dining Room, Living Room, Master Bedroom
Fireplaces 4
Basement Y
Laundry Electric Dryer Hookup, Washer Hookup, Second Floor, In Unit
Features Office

Exterior

Construction Stone
Architecture None
Roof Shingle, Rubber
Features Patio, Fenced Yard, Garden
Pool None
Spa None
Fencing Fenced
Patio/Porch Patio
Features On Street
Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range
Annual Tax $5,855
Assessed Value $516,300

HOA & Community

HOA Fee $350 Monthly
Fee Includes Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds
Amenities None
Optional Fee Includes None
Owner-Occupied Units 3
Down Payment Resource Eligible
Seller Disclosures Several Photos Are Virtually Staged.
Possession None
Accepted Financing None
Structure Type ["Townhouse"]
Unit/Building D
Sq Ft Source Public Record
Documents Master Deed (1)
County Essex
Total market time (incl. prior listings) 55 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1768
Bedrooms
2
Full Bathrooms
2
Living Area
1,416 sq ft
Total Rooms
6
Stories
2
Entry Level
2

Room Details

Second Floor

Bathroom1
10 x 8
Bathroom - Full, Bathroom - Tiled With Tub & Shower
Dining Room
14 x 12
Flooring - Hardwood, Window(s) - Bay/Bow/Box
Kitchen
12 x 12
Bathroom - Full, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Countertops - Stone/Granite/Solid
Bedroom2
12 x 10
Closet, Flooring - Wall to Wall Carpet
Living Room
14 x 14
Flooring - Hardwood, Window(s) - Bay/Bow/Box

Third Floor

Bathroom2
10 x 10
Bathroom - Full, Bathroom - Tiled With Tub & Shower
Master Bedroom
14 x 14
Closet, Flooring - Hardwood
Office
12 x 12
Fireplace, Flooring - Wall to Wall Carpet

Other Floor

Bedroom5
Bedroom4
Bedroom3
Bathroom3
Family Room
Master Bathroom

Interior Features

Flooring: Carpet, Hardwood, Flooring - Wall to Wall Carpet
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Office
Windows:
Basement: Y
Laundry: Electric Dryer Hookup, Washer Hookup, Second Floor, In Unit
Security:

Construction & Materials

Year Built: 1768
Structure Type: Townhouse
Exterior Materials: Stone
Roof: Shingle, Rubber
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Oil, Fireplace(s)
Heating Zones: 2
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Patio, Fenced Yard, Garden
Patio & Porch: Patio
Fencing: Fenced
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features: On Street

Special Features

Fireplaces: 4
Fireplace Type: Dining Room, Living Room, Master Bedroom
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, T-Station
School District
Salem School District local
B-
School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
1.9% below state avg
E

Elementary Schools

3 schools
C+
Bentley Academy Innovation School
0.5 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
0.5 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Saltonstall School
0.7 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
M

Middle Schools

3 schools
C+
Collins Middle School
1.2 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
B+
Village School
1.6 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
B+
Marblehead Community Charter Public School
1.9 mi | #115 of 352 | Score: 48.0
Improved 94 spots from last year
-10.2 below state avg
192 students Moderate
Rising School Strong Attendance
Grades 04-08
H

High Schools

3 schools
B+
Salem Academy Charter School
0.4 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.7 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
Bishop Fenwick High School
1.9 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $488
Homeowners Insurance $200
HOA Fee $350/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location

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Neighborhood

Downtown

125 Derby Street # D, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Patrick Sargent
Listing Office Herrick Lutts Realty Partners
Office Phone 978-927-1959
Agent MLS ID CT008034
Office MLS ID AN6507
Listing Data Updated Jun 30, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steven Novak
BMN Boston Real Estate
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BMN Boston Real Estate

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