131 Derby St. # 3R, Salem MA 01970

Salem, MA 01970
$479,900
Est. $3,416/month
2
Beds
1
Baths
823
Sq Ft
$583
Price/Sq Ft
1900
Year Built
70
Days on Market
Pending Listed Sep 5, 2025 • MLS# 73426469 Copied!

About this home

Step into quintessential Salem living at this bright and airy third-floor condo. Perched on historic Derby Street, this home blends classic charm with modern convenience. Sunlight streams through the windows, illuminating the 9-foot ceilings and open-concept layout. Glimpses of Salem Harbor add a touch of coastal magic. The inviting living room flows into a stunning kitchen with granite countertops, a center island, and stainless-steel appliances. This home offers two spacious bedrooms and a full bath. Enjoy the convenience of in-unit laundry, a covered porch, and a dedicated covered tandem parking space. The included heat in your condo fee adds to the appeal. Situated in the heart of Salem, you're just steps from the vibrant waterfront, renowned museums, eclectic restaurants, and unique shops. Commuting is a breeze with access to the MBTA commuter rail and Boston ferry. The sale is contingent on the seller purchasing an identified property. Please do not park in the driveway.

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
2
Full Bathrooms
1
Living Area
823 sq ft
Total Rooms
4
Stories
1
Entry Level
3

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 823 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 4

Interior

Heating Central, Baseboard, Natural Gas, Common
Cooling None
Flooring Wood
Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry Third Floor, In Unit, Washer Hookup
Features None

Exterior

Construction Frame
Architecture None
Roof Rubber
Features Porch
Pool None
Spa None
Fencing None
Patio/Porch Porch

Parking

Garage Spaces 1
Has Garage Yes
Features Detached, Carport, Off Street, Tandem, Deeded, Paved
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven, Washer Hookup

Financial

Annual Tax $4,974
Assessed Value $438,600

Interior Features

Flooring: Wood
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: Third Floor, In Unit, Washer Hookup
Security:

Construction & Materials

Year Built: 1900
Effective Year (Renovated): 2005
Structure Type: Garden, Mid-Rise
Exterior Materials: Frame
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Baseboard, Natural Gas, Common
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 2
Parking Features: Detached, Carport, Off Street, Tandem, Deeded, Paved

Location

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Neighborhood

131 Derby St. # 3R, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $415
Homeowners Insurance $200
HOA Fee $375/mo
PMI (if <20% down) $0

Loan Summary

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

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
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Cost $0/mo

Payment Over Time

Interest
Principal
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
Sep 5, 2025
$479,900
Original listing
Office: LAER Realty Partners

Price & Status History

Date Event Price Change
Sep 5, 2025 New Listing Added $479,900

Market Statistics

Days on Market
70 days
Price per Sq Ft
$583

Tax History

Year Taxes Assessment
2025 $4,974 $438,600

Financial Details

Annual Property Tax
$4,974
Tax Year 2025
HOA Fee
$375
Monthly
Assessed Value
$438,600

Listing Information

Listing Agent Lisa Biggar
Listing Office LAER Realty Partners
Agent MLS ID C8000691
Office MLS ID AN1202
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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Market Analytics for Salem, MA

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