51 Lafayette Street # 209, Salem MA 01970

Salem, MA 01970

$589,000

Beds

Baths

1,627

Sq Ft

$362

Price/Sq Ft

2003

Year Built

Garage Space

Condominium

Type

Days on Market

Sold Listed Nov 6, 2024 • MLS# 73310118 Copied! • Updated Dec 23, 2024

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Sale Statistics

Sale Overview

Original List Price: $589,000

                            Final Sale Price:
                            $589,000
                        

Difference: +$0 (+0.0%)

Performance Metrics

100.0%

List to Sale Ratio

Sold at asking price

Days on Market

Quick sale

Price per Square Foot Analysis

Original $/sq ft: $362

                            Sale $/sq ft:
                            $362
                        

This property sold for $362 per square foot

Sale Summary

This property sold exactly at the asking price.

With only 28 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 50 similar properties sold within 0.5 miles in the last 90 days

This Property

$362/sq ft

Area Median

$467/sq ft

Difference

22.4%

This property sold below the area median, potentially representing good value for the buyer.

About this home

Awesome Derby Lofts unit in Downtown Historic Salem! This bright & airy 2nd floor condo w/massive windows boasting great downtown views epitomizes loft living. Enjoy the cosmopolitan lifestyle this location affords with museums, gourmet shops, bakeries, boutiques, fabulous restaurants and fun nightlife right outside your door!! The open layout kitchen boasts Brand New quartz countertops added to abundant maple cabinetry plus peninsula seating for 4+. The spacious living area w/exposed brick wall allows for a dining area as well. Newly refinished maple floors lighten the space as well as the freshly painted interior-creating a blank canvas for your creativity! The renovated main bath features an oversized glass shower & quartz vanity while the 2nd full bath features a pedestal sink - both w/tiled floors. BONUS: Pro closet organizers, enormous in-unit storage room w/laundry, shelving units, updated hvac & htwtr plus natural gas appliances & utilities. Commuter rail & ferry minutes away!!

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

Total Days on Market

Property Timeline

✓

Sold

Dec 20, 2024

$589,000

Property sold

Days on Market: 66

🏠

Listed for Sale

Nov 6, 2024

$589,000

Original listing

Agent: Pamela McKee Office: Keller Williams Realty Evolution

Date	Event	Price	Change	$/sqft	Details
12/20/2024	✓ Sold	$589,000	-	-	Property sold
11/06/2024	🏠 Listed for Sale	$589,000	-	-	Original listing

Tax History

Year	Taxes	Assessment
2024	$5,679	$488,700

Financial Details

Annual Property Tax

$5,679

Tax Year 2024

HOA Fee

$446

Monthly

Assessed Value

$488,700

Facts & Features

1 Car Garage

Central AC

Home Facts

Type Residential

Style Condominium

Year Built 2003

Living Area 1,627 sq ft

Stories 1

Bedrooms 2

Full Baths 2

Total Rooms 5

Interior

Heating Forced Air, Natural Gas, Hydro Air

Cooling Central Air

Flooring Wood, Tile

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

Fireplace None

Basement Y

Laundry Dryer Hookup - Electric, Washer Hookup, Second Floor, In Unit

Features Closet/cabinets - Custom Built

Exterior

Construction Brick

Architecture None

Roof None

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Garage Spaces 1

Has Garage Yes

Features Detached, Leased

Total Spaces 1

Utilities

Electric Circuit Breakers

Water Public

Sewer Public Sewer

Gas None

Other For Gas Range

Financial

Annual Tax $5,679

Assessed Value $488,700

HOA & Community

HOA Fee $446 Monthly

Fee Includes Water, Sewer, Insurance, Security, Maintenance Structure, Snow Removal, Trash, Reserve Funds

Amenities Elevator(s)

Optional Fee Includes None

Pets Yes

MA Disclosures

Lead Paint Unknown

Seller Disclosures Parking Is Leased Through Condo Assoc In City Garage-seller Will Supply Through 4/2025-then $270/yr (or Sr Citiz Rate) Special Assessment Will Be Paid By Seller Prior To Closing. Pet Friendly! Leasing Limited To 1 Yr Minimum Lease. Mixed Use Building:54 Residential & 6 Commercial Units

Additional Details

Possession None

Accepted Financing None

Structure Type ["High-Rise"]

Unit/Building 209

Sq Ft Source Unit Floor Plan

Documents None

County Essex

Total market time (incl. prior listings) 66 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

2003

Bedrooms

Full Bathrooms

Living Area

1,627 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

Interior Features

Flooring: Wood, Tile

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

Interior Features: Closet/Cabinets - Custom Built

Windows:

Basement: Y

Laundry: Dryer Hookup - Electric, Washer Hookup, Second Floor, In Unit

Security:

Construction & Materials

Year Built: 2003

Effective Year (Renovated): 2003

Structure Type: High-Rise

Exterior Materials: Brick

Roof:

Foundation:

Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas, Hydro Air

Cooling: Central Air

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: 1

Total Parking Spaces: 1

Parking Features: Detached, Leased

Nearby Schools

School information not available for this location.

Location

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Neighborhood

51 Lafayette Street # 209, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Pamela McKee

Listing Office Keller Williams Realty Evolution

Office Phone 978-927-8700

Agent MLS ID CT009727

Office MLS ID C95098

Listing Data Updated Dec 23, 2024 10:03 AM EST

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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Steve Novak Real Estate

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mail@steve-novak.com

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