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225 Derby St # 608, Salem MA 01970

Salem, MA 01970 • Downtown
$675,000
Est. $4,857/month
2
Beds
2
Baths
1,455
Sq Ft
$464
Price/Sq Ft
0.91
Acres
2004
Year Built
63
Days on Market
Closed Listed Aug 7, 2025 • MLS# 73415103 Copied!

About this home

Stylish Penthouse with Harbor Views! Live the good life at Pickering Wharf in this sleek 2BR/2BA corner penthouse at the celebrated Salem Waterfront Hotel. This luxurious sun-splashed unit offers a lovely open floor plan with cathedral ceilings, gas fireplace and Juliet balcony overlooking vibrant city and harbor views. The designer granite and stainless kitchen flows into the bright living and dining space—perfect for entertaining. The primary suite features a large walk-in closet and a spacious private bath. Enjoy exclusive hotel amenities including a heated indoor pool, on-site dining and bar and patio access . Units are rarely offered at this highly desirable complex and deeded parking is included. Moments from historic downtown Salem, the PEM, commuter rail, ferry to Boston, and the best in dining, shopping, and seaside charm. Welcome to 225 Derby Street—where every day feels like a getaway.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2004
Bedrooms
2
Full Bathrooms
2
Living Area
1,455 sq ft
Total Rooms
4
Stories
1
Entry Level
6
Main Level Bedrooms
2

Sale Statistics

Sale Overview
Original List Price: $729,900
Final Sale Price: $675,000
Difference: $54,900 (-7.5%)
Performance Metrics
92.5%
List to Sale Ratio
Sold below asking price
63
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $502
Sale $/sq ft: $464
This property sold for $464 per square foot
Sale Summary

This property sold for 7.5% below the original asking price.

The property spent 63 days on market before selling.

Nearby Sales Comparison

Based on 2 similar properties sold within 0.5 miles in the last 90 days

This Property
$464/sq ft
Area Average
$530/sq ft
Difference
12.5%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2004
Living Area 1,455 sq ft
Lot Size 0.91 acres
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Forced Air, Natural Gas
Cooling Central Air, Unit Control
Flooring Carpet, Wood Laminate
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Energy Star Qualified Dryer, Energy Star Qualified Washer
Fireplace Living Room
Fireplaces 1
Basement N
Laundry Laundry Closet, Flooring - Laminate, Flooring - Wood, Main Level, Gas Dryer Hookup, Recessed Lighting, Washer Hookup, In Unit
Features Wired For Sound, Internet Available - Broadband, Elevator

Exterior

Construction Brick, Stone
Architecture None
Roof Shingle
Features Patio, Covered Patio/deck, Decorative Lighting, City View(s), Screens, Professional Landscaping, Sprinkler System
Pool Association, In Ground, Indoor
Spa None
Fencing None
Patio/Porch Patio, Covered

Parking

Features Off Street, Deeded
Total Spaces 1

Utilities

Electric Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $7,024
Assessed Value $619,400

Interior Features

Flooring: Carpet, Wood Laminate
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer
Interior Features: Wired for Sound, Internet Available - Broadband, Elevator
Windows: Insulated Windows, Screens
Basement: N
Laundry: Laundry Closet, Flooring - Laminate, Flooring - Wood, Main Level, Gas Dryer Hookup, Recessed Lighting, Washer Hookup, In Unit
Security: Intercom, Security System

Construction & Materials

Year Built: 2004
Structure Type: Garden, High-Rise
Exterior Materials: Brick, Stone
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air, Unit Control
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Patio, Covered Patio/Deck, Decorative Lighting, City View(s), Screens, Professional Landscaping, Sprinkler System
Patio & Porch: Patio, Covered
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Deeded

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Waterfront: Yes
Waterfront Type: Waterfront, Ocean, Harbor, Dock/Mooring, Canal, Direct Access, Marina, Public, Harbor, Ocean, Direct Access, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
View: Yes
View Type: City
Community Amenities: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University

Location

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Neighborhood

Downtown

225 Derby St # 608, 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 $585
Homeowners Insurance $200
HOA Fee $659/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

4.9%
Price Range
64
Total Days on Market

Property Timeline

Sold
Oct 10, 2025
$675,000
Property sold
Days on Market: 64
🏠
Listed for Sale
Aug 7, 2025
$709,900
Original listing
Agent: Judith Zissulis Office: Keller Williams Realty Evolution

Price & Status History

Date Event Price Change
Aug 7, 2025 New Listing Added $709,900

Market Statistics

Days on Market
63 days
Price per Sq Ft
$464

Tax History

Year Taxes Assessment
2025 $7,024 $619,400

Financial Details

Annual Property Tax
$7,024
Tax Year 2025
HOA Fee
$659
Monthly
Assessed Value
$619,400

Listing Information

Listing Agent Judith Zissulis
Listing Office Keller Williams Realty Evolution
Agent MLS ID CT009716
Office MLS ID C95098
Listing Data Updated Oct 13, 2025 3:30 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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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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Steven Novak

BMN Boston Real Estate

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