51 Lafayette St # 506, Salem MA 01970

Salem, MA 01970

$570,000

Beds

Baths

1,510

Sq Ft

$377

Price/Sq Ft

2003

Year Built

Garage Spaces

Condominium

Type

Days on Market

Sold Listed Jul 24, 2025 • MLS# 73409350 Copied! • Updated Oct 19, 2025

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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

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.

Nearby Sales Comparison

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

This Property

$377/sq ft

Area Median

$467/sq ft

Difference

19.2%

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

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

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

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

Date	Event	Price	Change	$/sqft	Details
09/18/2025	✓ Sold	$570,000	-	-	Property sold
07/25/2025	🏠 Listed for Sale	$570,000	-	-	Original listing

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

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

HOA & Community

HOA Fee $471 Monthly

Fee Includes Water, Sewer, Insurance, Maintenance Structure, Snow Removal

Amenities Elevator(s)

Optional Fee Includes None

Owner-Occupied Units 52

MA Disclosures

Seller Disclosures Unit Comes With 2 Parking Spaces, Leased Annually, For The South Harbor Garage At A Cost Of $270 Each Per Year, ($200 For Seniors). Spots Are First Come First Serve. Seller Has Paid For Phase 1 Of Large Capital Project.

Additional Details

Possession None

Accepted Financing None

Structure Type ["Mid-Rise"]

Unit/Building 506

Sq Ft Source Public Record

Documents None

County Essex

Total market time (incl. prior listings) 5 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

2003

Bedrooms

Full Bathrooms

Living Area

1,510 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

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:

Nearby Schools

School information not available for this location.

Location

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Neighborhood

51 Lafayette St # 506, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Jennifer Gelfand

Listing Office Keller Williams Realty Boston-Metro | Back Bay

Office Phone 617-542-0012

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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Steve Novak Real Estate

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mail@steve-novak.com

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