51 Lafayette St # 609, Salem MA 01970
Salem, MA 01970
$725,000
Track this home for price, status, and open-house alerts.
Sale Statistics
Sale Overview
Original List Price:
$749,000
Final Sale Price:
$725,000
Difference:
$24,000 (-3.2%)
Performance Metrics
96.8%
List to Sale Ratio
Sold below asking price
19
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:
$493
Sale $/sq ft:
$477
This property sold for $477 per square foot
Sale Summary
This property sold for 3.2% below the original asking price.
With only 19 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
$477/sq ft
Area Median
$467/sq ft
Difference
+2.2%
This property sold slightly above the area median for similar homes.
About this home
Derby Lofts rare 1,520± SF corner penthouse with 161± SF private balcony in Downtown Salem, just 5 blocks to commuter rail and minutes to the Boston Harbor Ferry. Enjoy the best sunsets in Salem from soaring 10’+ ceilings, dramatic windows, and sweeping city views. A 2024 kitchen renovation features new appliances, maple butcher block counters, a soapstone wet zone with custom sink, open shelving, custom cabinetry with pull-outs, exposed brick, and industrial lighting. Living/dining area with floor-to-ceiling custom bookcase and ladder. Primary suite with 2023 spa-inspired bath—walk-in shower, marble hex tile, new vanity, fixtures, and lighting—plus lime-washed brick accent, chandelier reading nook, and electric fireplace. Balcony with new decking. Building amenities include 2 elevators, skylit atrium, and secure entry. Two covered garage parking spaces available by lease (first-come, first-served). Shops, dining, PEM, waterfront, and arts venues at your doorstep.
View in the App
Save this property, schedule tours instantly, and get alerts when the price drops
Scan with phone
Public Records & Permits
Log in to view assessor & tax records, ownership history, and recent building permits for this property.
BMN Estimate
Get the number an algorithm can't give you
A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.
Recently Sold Nearby
Property History
Market Insights
3.2%
Price Range
21
Total Days on Market
Property Timeline
Sold
Oct 17, 2025
$725,000
Property sold
Days on Market: 21
Listed for Sale
Sep 6, 2025
$749,000
Original listing
Agent: Sophie Soman
Office: LandVest, Inc., Manchester -by-the-Sea
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/17/2025 | ✓ Sold | $725,000 | - | - | Property sold |
| 09/06/2025 | 🏠 Listed for Sale | $749,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $6,635 | $585,100 |
Financial Details
Annual Property Tax
$6,635
Tax Year 2025
HOA Fee
$559
Monthly
Assessed Value
$585,100
Facts & Features
2 Car Garage
Central AC
Home Facts
Type
Residential
Style
Condominium
Year Built
2003
Living Area
1,520 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
In Unit, Gas Dryer Hookup, Washer Hookup
Features
Internet Available - Unknown, Elevator
Exterior
Construction
Stone
Architecture
None
Roof
Rubber
Features
Deck, Balcony, City View(s)
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck
Parking
Garage Spaces
2
Has Garage
Yes
Features
Deeded, Common, Leased
Total Spaces
2
Utilities
Electric
110 Volts, Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Electric Oven, For Gas Dryer, Washer Hookup
Financial
Annual Tax
$6,635
Assessed Value
$585,100
HOA & Community
HOA Fee
$559 Monthly
Fee Includes
Water, Sewer, Insurance, Security, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities
Elevator(s)
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Exclusions
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["High-Rise"]
Unit/Building
609
Sq Ft Source
Public Record
Documents
Master Deed, Unit Deed, Rules & Regs, Management Association Bylaws, Association Financial Statements (5)
County
Essex
Total market time (incl. prior listings)
21 days
Property Overview
Property Type
Condominium
Listing Type
Sold
Year Built
2003
Bedrooms
2
Full Bathrooms
2
Living Area
1,520 sq ft
Total Rooms
4
Stories
1
Entry Level
6
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,520 sq ft above grade
FeaturesYes
Display Options
Outdoor Areas
Patio & porchDeck
Room Markers
KKitchen (1)
BABathroom (4)
BRBedroom (5)
DDining (1)
LLiving (2)
OOffice (1)
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, Tile
Appliances:
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Internet Available - Unknown, Elevator
Windows:
Basement:
N
Laundry:
In Unit, Gas Dryer Hookup, Washer Hookup
Security:
Intercom, TV Monitor, Security Gate
Construction & Materials
Year Built:
2003
Structure Type:
High-Rise
Exterior Materials:
Stone
Roof:
Rubber
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:
Deck, Balcony, City View(s)
Patio & Porch:
Deck
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
2
Parking Features:
Deeded, Common, Leased
Special Features
View:
Yes
View Type:
City
Community Amenities:
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, House of Worship, Marina, Public School, T-Station, University
Nearby Schools
School information not available for this location.
Location
Loading map...
Neighborhood
51 Lafayette St # 609, 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 17, 2025 12:18 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
Contact Us
Ask about this property — free, no obligation.
Similar Homes for Sale
Comparable Properties
Customize Comparable Search
Finding comparable properties...
Loading market insights for Salem.