131 Derby St # 3F, Salem MA 01970

Salem, MA 01970

$519,900

Est. $3,606/month

Beds

Baths

800

Sq Ft

$650

Price/Sq Ft

0.23

Acres

1912

Year Built

Condominium

Type

108

Days on Market

Active Price Drop -$15,000 Listed Aug 20, 2025 • MLS# 73419934 Copied!

About this home

Live your best life in the heart of Salem’s vibrant & historic Derby St neighborhood. Just steps from the waterfront, Salem Maritime Historic site, fine dining, taverns, shops, the PEM, Pickering Wharf, The Common, House of Seven Gables, & the ferry & commuter rail to Boston. This meticulously maintained 2BR condo blends modern comfort w/ the ultimate downtown lifestyle. Enjoy exclusive access to your own private covered deck, perfect for relaxing, entertaining, or grilling w/ an electric setup. Inside, the open-concept features 9' ceilings, hardwood flrs, granite counters, SS appliances (incl. new DW), a kitchen island that seats 3–4, in-unit laundry. Custom Hunter Douglas blinds, including blackout blinds in the primary BR. Two-car tandem covered parking & a rare, oversized storage space in the basement provide the convenience most downtown homes can't offer. Pet-friendly building. Completely renovated in 2005 & move-in ready!

Property Overview

Property Type

Condominium

Listing Type

For Sale

Year Built

1912

Bedrooms

Full Bathrooms

Living Area

800 sq ft

Total Rooms

Stories

Entry Level

Facts & Features

2 Car Garage

Home Facts

Type Residential

Style Condominium

Year Built 1912

Living Area 800 sq ft

Lot Size 0.23 acres

Bedrooms 2

Full Baths 1

Total Rooms 4

Interior

Heating Baseboard, Natural Gas

Cooling Window Unit(s)

Flooring Tile, Hardwood

Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer

Fireplace None

Basement Y

Laundry Gas Dryer Hookup, Washer Hookup, First Floor, In Unit

Features Storage

Exterior

Construction Frame

Architecture None

Roof Rubber

Features Deck

Pool None

Spa None

Fencing None

Patio/Porch Deck

Parking

Garage Spaces 2

Has Garage Yes

Features Detached, Carport, Assigned, Off Street, Tandem, Paved, Exclusive Parking

Total Spaces 2

Utilities

Electric Circuit Breakers

Water Public

Sewer Public Sewer

Gas None

Other For Gas Range

Financial

Annual Tax $4,825

Assessed Value $425,500

Interior Features

Flooring: Tile, Hardwood

Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer

Interior Features: Storage

Windows: Insulated Windows

Basement: Y

Laundry: Gas Dryer Hookup, Washer Hookup, First Floor, In Unit

Security: Intercom

Construction & Materials

Year Built: 1912

Effective Year (Renovated): 2005

Structure Type: 2/3 Family

Exterior Materials: Frame

Roof: Rubber

Foundation:

Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas

Cooling: Window Unit(s)

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Deck

Patio & Porch: Deck

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Garage Spaces: 2

Total Parking Spaces: 2

Parking Features: Detached, Carport, Assigned, Off Street, Tandem, Paved, Exclusive Parking

Location

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Neighborhood

131 Derby St # 3F, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

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Principal & Interest $0

Property Tax $402

Homeowners Insurance $200

HOA Fee $375/mo

PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0

Total principal paid $0

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Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠

Listed for Sale

Aug 20, 2025

$519,900

Original listing

Agent: The Lopes Group Office: J. Barrett & Company

Date	Event	Price	Change	$/sqft	Details
08/20/2025	🏠 Listed for Sale	$519,900	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Aug 20, 2025	New Listing Added	$519,900	—

Market Statistics

Days on Market

108 days

Price per Sq Ft

$650

Total Price Drop

-$15,000

Tax History

Year	Taxes	Assessment
2025	$4,825	$425,500

Financial Details

Annual Property Tax

$4,825

Tax Year 2025

HOA Fee

$375

Monthly

Assessed Value

$425,500

Listing Information

Listing Agent The Lopes Group

Listing Office J. Barrett & Company

Agent MLS ID TM326374

Office MLS ID AN0125

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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131 Derby St # 3F, Salem MA 01970

About this home

Property Overview

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Home Facts

Interior

Exterior

Parking

Utilities

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Interior Features

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Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Location

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