51 Lafayette Street # 304, Salem MA 01970

Salem, MA 01970 • Downtown

$589,000

Beds

Baths

1,620

Sq Ft

$364

Price/Sq Ft

0.48

Acres

2003

Year Built

Garage Spaces

Condominium

Type

Days on Market

Sold Listed Jun 7, 2025 • MLS# 73387368 Copied! • Updated Oct 1, 2025

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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

Extended listing

Price per Square Foot Analysis

Original $/sq ft: $364

                            Sale $/sq ft:
                            $364
                        

This property sold for $364 per square foot

Sale Summary

This property sold exactly at the asking price.

The property spent 82 days on market before selling.

Nearby Sales Comparison

Based on 41 similar properties sold within 0.5 miles in the last 90 days

This Property

$364/sq ft

Area Median

$467/sq ft

Difference

22.0%

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

About this home

Fabulous sunny, southeast side, corner unit with water views! Experience modern luxury living at its finest at the Derby Lofts Condos located on Lafayette Street in beautiful historic Salem. Enjoy easy living with two bedrooms, two bathrooms in an open layout with new appliances and an updated primary bath. Walls of glass and picture window overlook Derby Street and the South River Canal. The building provides two high-speed elevators for convenience and specialty shops, boutiques, and restaurants on the first floor, but there’s also plenty of shopping and dining options nearby. For commuters, the complex is in close proximity to commuter rail and the Boston Harbor Ferry. Unit comes with two parking passes to the municipal Harbor Street garage.

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

Total Days on Market

Property Timeline

✓

Sold

Oct 1, 2025

$589,000

Property sold

Days on Market: 83

🏠

Listed for Sale

Jun 7, 2025

$589,000

Original listing

Agent: Sophie Soman Office: LandVest, Inc., Manchester -by-the-Sea

Date	Event	Price	Change	$/sqft	Details
10/01/2025	✓ Sold	$589,000	-	-	Property sold
06/07/2025	🏠 Listed for Sale	$589,000	-	-	Original listing

Tax History

Year	Taxes	Assessment
2025	$5,855	$516,300

Financial Details

Annual Property Tax

$5,855

Tax Year 2025

HOA Fee

$501

Monthly

Assessed Value

$516,300

Facts & Features

2 Car Garage

Central AC

Home Facts

Type Residential

Style Condominium

Year Built 2003

Living Area 1,620 sq ft

Lot Size 0.48 acres

Bedrooms 2

Full Baths 2

Total Rooms 4

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Flooring Wood, Tile

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

Fireplace None

Basement N

Laundry Third Floor, In Unit

Features Elevator

Exterior

Construction Stone

Architecture None

Roof Shingle

Features City View(s)

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Garage Spaces 2

Has Garage Yes

Features Detached

Total Spaces 4

Utilities

Electric None

Water Public

Sewer Public Sewer

Gas None

Other None

Financial

Annual Tax $5,855

Assessed Value $516,300

HOA & Community

HOA Fee $501 Monthly

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

Amenities Elevator(s)

Optional Fee Includes None

MA Disclosures

Seller Disclosures Unit Comes With 2 Parking Passes For The South Harbor Garage @ A Cost Of $270 Each / Year, $200 For Seniors. Spots Are First Come First Serve. Current Assessment To Be Paid By Owner.

Exclusions None

Additional Details

Possession None

Accepted Financing None

Structure Type ["High-Rise"]

Unit/Building 304

Sq Ft Source Public Record

Documents Master Deed, Unit Deed, Rules & Regs, Management Association Bylaws, Floor Plans (5)

County Essex

Total market time (incl. prior listings) 83 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

2003

Bedrooms

Full Bathrooms

Living Area

1,620 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

Interior Features

Flooring: Wood, Tile

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

Interior Features: Elevator

Windows:

Basement: N

Laundry: Third Floor, In Unit

Security:

Construction & Materials

Year Built: 2003

Structure Type: High-Rise

Exterior Materials: Stone

Roof: Shingle

Foundation:

Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas

Cooling: Central Air

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: City View(s)

Patio & Porch:

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Garage Spaces: 2

Total Parking Spaces: 4

Parking Features: Detached

Special Features

View: Yes

View Type: City

Community Amenities: Public Transportation, Shopping, Park, Bike Path, Highway Access, House of Worship, Marina, Public School, T-Station, University

Nearby Schools

School information not available for this location.

Location

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Neighborhood

Downtown

51 Lafayette Street # 304, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Office LandVest, Inc., Manchester -by-the-Sea

Office Phone 617-529-1258

Agent MLS ID C8000597

Office MLS ID AN4825

Listing Data Updated Oct 1, 2025 9:19 AM 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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