225 Derby St # 503, Salem MA 01970
Salem, MA 01970
$549,000
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Sale Statistics
Sale Overview
Original List Price:
$649,000
Final Sale Price:
$549,000
Difference:
$100,000 (-15.4%)
Performance Metrics
84.6%
List to Sale Ratio
Sold below asking price
84
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft:
$538
Sale $/sq ft:
$455
This property sold for $455 per square foot
Sale Summary
This property sold for 15.4% below the original asking price.
The property spent 84 days on market before selling.
Nearby Sales Comparison
Based on 46 similar properties sold within 0.5 miles in the last 90 days
This Property
$455/sq ft
Area Median
$472/sq ft
Difference
3.6%
This property sold near the area median for similar homes.
About this home
SALEM WATERFRONT CONDOMINIUMS OFFERS THE BEST OF WATERFRONT LIVING WITH THE BEST OF CITY AMENITIES- GRACEFULLY APPOINTED LUXURY CONDOS, SWIMMING POOL, HEALTH CLUB, RESTAURANT AND HOUSEKEEPING SERVICES, PREFERRED DOCKING PRIVILEGES AND PARKING.
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Public Records & Permits
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Recently Sold Nearby
Property History
Market Insights
10%
Price Range
88
Total Days on Market
2
Previous Sales
Property Timeline
Previous Transaction - MLS #73481755
Full transaction history available when tracking began
Previously Sold
May 14, 2026
$610,000
MLS #73481755
Previous Transaction - MLS #73188067
Full transaction history available when tracking began
Previously Sold
May 30, 2024
$610,000
MLS #73188067
Sold
Mar 15, 2005
$549,000
Property sold
Days on Market: 88
Listed for Sale
Sep 23, 2004
$549,000
Original listing
Agent: Betsy Merry
Office: Coldwell Banker Residential Brokerage - Salem
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/14/2026 | 🏷️ Previously Sold | $610,000 | - | - | MLS #73481755 |
| 05/30/2024 | 🏷️ Previously Sold | $610,000 | - | - | MLS #73188067 |
| 03/15/2005 | ✓ Sold | $549,000 | - | - | Property sold |
| 09/23/2004 | 🏠 Listed for Sale | $549,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2004 | $0 | $0 |
Financial Details
Annual Property Tax
$0
Tax Year 2004
HOA Fee
$325
Per month
Assessed Value
$0
Facts & Features
Central AC
Home Facts
Type
Residential
Style
Condominium
Year Built
2004
Living Area
1,206 sq ft
Stories
1
Bedrooms
1
Full Baths
1
Half Baths
1
Total Rooms
3
Interior
Heating
Forced Air
Cooling
Central Air
Flooring
Wood
Appliances
Range, Dishwasher, Refrigerator
Fireplace
None
Fireplaces
1
Basement
N
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
In Ground
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Total Spaces
1
Utilities
Electric
Circuit Breakers
Water
Public, City/town Water, City/town Sewer
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
0.00
Assessed Value
0.00
HOA & Community
HOA Fee
$325
Fee Includes
Water, Sewer, Maintenance Grounds, Snow Removal
Amenities
Pool, Elevator(s), Recreation Facilities, Fitness Center, Sauna/steam
Optional Fee Includes
None
MA Disclosures
Lead Paint
None
Seller Disclosures
New Construction
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["Garden"]
Unit/Building
503
Sq Ft Source
Owner
Documents
None
County
Essex
Total market time (incl. prior listings)
88 days
Property Overview
Property Type
Condominium
Listing Type
Sold
Year Built
2004
Bedrooms
1
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,206 sq ft
Total Rooms
3
Stories
1
Entry Level
5
Floor Layout
Interactive room guide
Floor Layout
Display Options
Outdoor Areas
PoolIn Ground
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood
Appliances:
Range, Dishwasher, Refrigerator
Interior Features:
Windows:
Basement:
N
Laundry:
Security:
Construction & Materials
Year Built:
2004
Effective Year (Renovated):
2004
Structure Type:
Garden
Exterior Materials:
Roof:
Foundation:
Stories:
1
Heating, Cooling & Utilities
Heating:
Forced Air
Heating Zones:
1
Cooling:
Central Air
Cooling Zones:
1
Hot Water:
Water Source:
Public, City/Town Water, City/Town Sewer
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
1
Parking Features:
Special Features
Fireplaces:
1
Fireplace Type:
Waterfront:
Yes
Waterfront Type:
Waterfront, Harbor
Community Amenities:
Nearby Schools
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
Elementary Schools
3 schools
C+
Saltonstall School
0.5 mi
|
#525 of 825
|
Score: 43.9
Improved 43 spots from last year
-14.3 below state avg
267 students
Diverse
Rising School
Diverse Student Body
Strong Attendance
Grades K-05
C+
Bentley Academy Innovation School
0.8 mi
|
#531 of 825
|
Score: 43.7
Improved 180 spots from last year
-14.5 below state avg
277 students
Moderate
Rising School
Grades PK-05
Salem Early Childhood School
0.8 mi
107 students
Diverse
Diverse Student Body
Grades PK
Middle Schools
3 schools
B-
Collins Middle School
0.9 mi
|
#203 of 352
|
Score: 40.3
Improved 76 spots from last year
-17.9 below state avg
753 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
B+
Village School
1.6 mi
|
#265 of 825
|
Score: 51.8
Dropped 76 spots from last year
-6.4 below state avg
480 students
Less Diverse
Strong Attendance
Grades 04-06
B+
Marblehead Community Charter Public School
2.0 mi
|
#109 of 352
|
Score: 48.5
Improved 100 spots from last year
-9.7 below state avg
226 students
Moderate
Rising School
Grades 04-08
High Schools
3 schools
B+
Salem Academy Charter School
0.3 mi
|
#141 of 346
|
Score: 57.0
Improved 95 spots from last year
-1.2 below state avg
477 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B+
Salem High School
1.5 mi
|
#124 of 346
|
Score: 58.3
Dropped 4 spots from last year
+0.1 above state avg
960 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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Location
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Neighborhood
225 Derby St # 503, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Betsy Merry
Listing Office
Coldwell Banker Residential Brokerage - Salem
Office Phone
978-741-4404
Agent MLS ID
C3445958
Office MLS ID
C99300
Listing Data Updated
Mar 31, 2025 8:35 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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