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51 Lafayette St # 506, Salem MA 01970

Salem, MA 01970
$570,000
Est. $4,064/month
2
Beds
2
Baths
1,510
Sq Ft
$377
Price/Sq Ft
2003
Year Built
3
Days on Market
Closed Listed Jul 25, 2025 • MLS# 73409350 Copied!

About this home

Spectacular light, beautiful views, soaring ceilings, and so much more is what you get with this 5th floor unit at the Derby Lofts, in the heart of downtown Salem! Gaze out to water views on the South River Canal, experience ease of commute with proximity to the Commuter Rail and Boston Harbor Ferry. Dine at Bernadette, Adriatic, Howling Wolf, and so many more restaurants and shops that are in such close proximity. The open airy floorplan is both dramatic yet functional. A large living/dining space can accommodate ample furniture, formal dining and more. The fully applianced kitchen with newer stainless steel appliances, granite counters and wood cabinetry is comfortable for those days when not dining out! A large bonus room is ideal for an office or additional storage. The laundry room holds a full sized washer/dryer. Both bedrooms boast large picture windows, generous closets, including a walk in for the primary. 2 elevators, central AC, pet friendly and gated drive thru for drop off

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2003
Bedrooms
2
Full Bathrooms
2
Living Area
1,510 sq ft
Total Rooms
5
Stories
1
Entry Level
5

Sale Statistics

Sale Overview
Original List Price: $570,000
Final Sale Price: $570,000
Difference: +$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
3
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $377
Sale $/sq ft: $377
This property sold for $377 per square foot
Sale Summary

This property sold exactly at the asking price.

With only 3 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

2 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2003
Living Area 1,510 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Forced Air
Cooling Central Air
Flooring Wood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Fireplace None
Basement N
Laundry In Unit
Features None

Exterior

Construction Brick, Stone
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 2
Has Garage Yes
Features None
Total Spaces 2

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $6,132
Assessed Value $540,700

Interior Features

Flooring: Wood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Windows:
Basement: N
Laundry: In Unit
Security:

Construction & Materials

Year Built: 2003
Structure Type: Mid-Rise
Exterior Materials: Brick, Stone
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Garage Spaces: 2
Total Parking Spaces: 2
Parking Features:

Location

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Neighborhood

51 Lafayette St # 506, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

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

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $511
Homeowners Insurance $200
HOA Fee $471/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
$0/mo
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

Market Insights

5
Total Days on Market

Property Timeline

Sold
Sep 18, 2025
$570,000
Property sold
Days on Market: 5
🏠
Listed for Sale
Jul 25, 2025
$570,000
Original listing
Agent: Jennifer Gelfand Office: Keller Williams Realty Boston-Metro | Back Bay

Price & Status History

Date Event Price Change
Jul 25, 2025 New Listing Added $570,000

Market Statistics

Days on Market
3 days
Price per Sq Ft
$377

Tax History

Year Taxes Assessment
2025 $6,132 $540,700

Financial Details

Annual Property Tax
$6,132
Tax Year 2025
HOA Fee
$471
Monthly
Assessed Value
$540,700

Listing Information

Listing Agent Jennifer Gelfand
Listing Office Keller Williams Realty Boston-Metro | Back Bay
Agent MLS ID BB800178
Office MLS ID BB5522
Listing Data Updated Oct 19, 2025 10:11 PM 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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Market Analytics for Salem, MA

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