FeaturesBathroom - Full, Bathroom - Tiled With Tub & Shower
LevelFirst
225 Derby St # 503, Salem MA 01970
Salem, MA 01970
$610,000
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Sale Statistics
Sale Overview
Original List Price:
$610,000
Final Sale Price:
$610,000
Difference:
+$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
9
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:
$530
Sale $/sq ft:
$530
This property sold for $530 per square foot
Sale Summary
This property sold exactly at the asking price.
With only 9 days on market, this was a quick sale compared to typical market conditions.
Nearby Sales Comparison
Based on 46 similar properties sold within 0.5 miles in the last 90 days
This Property
$530/sq ft
Area Median
$472/sq ft
Difference
+12.3%
This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.
About this home
Experience a luxury lifestyle in this sun-drenched, spacious 1 bedroom, 1-1/2 bath condo featuring mesmerizing harbor & ocean views atop the Salem Waterfront Hotel & Suites. Ideally set on Salem Harbor adjacent to the elegant boutiques & world-class eateries at Pickering Wharf & Marina. Includes access to hotel amenities, including a heated pool. Open layout features a living/dining area w/ gas fireplace, Juliet balcony, & large windows showcasing water views. The kitchen gleams w/ brand-new stainless LG appliances & granite countertops. Central air, in-unit washer/dryer, elevator & parking just steps from the entrance add convenience. Pets allowed w/ approval. Salem residents enjoy free admission to Peabody Essex Museum & The House of Seven Gables. A fast commute to Boston by MBTA Commuter Rail & Salem Ferry. Getting around Salem is easy by Bluebikes, & Salem Skipper rideshare. Walk to historic downtown, Salem Maritime National Park, Essex Street Pedestrian Mall, & Salem Common.
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Recently Sold Nearby
Property History
Market Insights
10%
Price Range
10
Total Days on Market
2
Previous Sales
Property Timeline
Sold
May 14, 2026
$610,000
Property sold
Days on Market: 10
Pending Sale
Mar 13, 2026
Offer accepted, sale pending
Listed for Sale
Mar 3, 2026
$610,000
Original listing
Office: RE/MAX Real Estate Center
Listed for Sale
Mar 3, 2026
$610,000
Original listing
Office: RE/MAX Real Estate Center
Previous Transaction - MLS #73188067
Full transaction history available when tracking began
Previously Sold
May 30, 2024
$610,000
MLS #73188067
Previous Transaction - MLS #70095080
Full transaction history available when tracking began
Previously Sold
Mar 15, 2005
$549,000
MLS #70095080
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/14/2026 | ✓ Sold | $610,000 | - | - | Property sold |
| 03/13/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 03/03/2026 | 🏠 Listed for Sale | $610,000 | - | - | Original listing |
| 03/03/2026 | 🏠 Listed for Sale | $610,000 | - | - | Original listing |
| 05/30/2024 | 🏷️ Previously Sold | $610,000 | - | - | MLS #73188067 |
| 03/15/2005 | 🏷️ Previously Sold | $549,000 | - | - | MLS #70095080 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $6,305 | $580,100 |
Financial Details
Annual Property Tax
$6,305
Tax Year 2026
HOA Fee
$516
Monthly
Assessed Value
$580,100
Facts & Features
Central AC
Home Facts
Type
Residential
Style
Condominium
Year Built
2004
Living Area
1,151 sq ft
Lot Size
0.91 acres
Bedrooms
1
Full Baths
1
Half Baths
1
Total Rooms
3
Interior
Heating
Forced Air, Natural Gas
Cooling
Central Air, Unit Control
Flooring
Carpet, Marble, Hardwood
Appliances
Range, Dishwasher, Disposal, Trash Compactor, Microwave, Refrigerator, Washer, Dryer
Fireplace
Dining Room
Fireplaces
1
Basement
N
Laundry
In Unit, Electric Dryer Hookup, Washer Hookup
Features
Elevator
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
Association, Indoor
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Off Street, Assigned
Total Spaces
1
Utilities
Electric
Circuit Breakers
Water
Individual Meter
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Electric Dryer, Washer Hookup
Financial
Annual Tax
$6,305
Assessed Value
$580,100
HOA & Community
HOA Fee
$516 Monthly
Fee Includes
Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities
Pool, Elevator(s)
Optional Fee Includes
None
Pets
Yes w/ Restrictions
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["High-Rise"]
Unit/Building
503
Sq Ft Source
Master Deed
Documents
Master Deed, Unit Deed, Floor Plans, Association Financial Statements (4)
County
Essex
Total market time (incl. prior listings)
10 days
Property Overview
Property Type
Condominium
Listing Type
Sold
Year Built
2004
Bedrooms
1
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,151 sq ft
Total Rooms
3
Stories
1
Entry Level
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,151 sq ft above grade
Dimensions12 x 20
FeaturesCloset, Flooring - Hardwood, Window(s) - Picture, Slider
LevelFirst
Dimensions12 x 14
FeaturesFlooring - Hardwood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Stainless Steel Appliances, Gas Stove
LevelFirst
FeaturesBathroom - Half, Dryer Hookup - Electric, Washer Hookup
LevelFirst
Dimensions12 x 20
FeaturesFlooring - Hardwood, Window(s) - Picture, Cable Hookup, Open Floorplan, Slider, Lighting - Overhead
LevelFirst
Dimensions13 x 20
FeaturesBathroom - Full, Closet, Flooring - Wall to Wall Carpet, Cable Hookup
LevelFirst
FeaturesYes
Display Options
Outdoor Areas
PoolAssociation, Indoor
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (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:
Carpet, Marble, Hardwood
Appliances:
Range, Dishwasher, Disposal, Trash Compactor, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Elevator
Windows:
Insulated Windows
Basement:
N
Laundry:
In Unit, Electric Dryer Hookup, Washer Hookup
Security:
Intercom
Construction & Materials
Year Built:
2004
Structure Type:
High-Rise
Exterior Materials:
Roof:
Foundation:
Stories:
1
Heating, Cooling & Utilities
Heating:
Forced Air, Natural Gas
Cooling:
Central Air, Unit Control
Hot Water:
Water Source:
Individual Meter
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
1
Parking Features:
Off Street, Assigned
Special Features
Fireplaces:
1
Fireplace Type:
Dining Room
Waterfront:
Yes
Waterfront Type:
Waterfront, Ocean, Harbor, Marina, Public, Ocean, 1 to 2 Mile To Beach
Community Amenities:
Public Transportation, Shopping, Park, Walk/Jog Trails, Marina, Public School, T-Station, University
Nearby Schools
School District
Salem School District local
B-
School Safety
2024-25
3.6%
Above Average
2.3%
Suspensions
0.8%
In-School
1.3%
Emergency
1.9% below state avg
Elementary Schools
9 schools
The Phoenix School
1.1 mi
Grades PK-08
The Greenhouse School
1.6 mi
Grades PK-08
C+
Saltonstall School
0.5 mi
|
#525 of 825
|
Score: 43.9
Improved 43 spots from last year
-14.3 below state avg
267 students
Diverse
Rising School
Diverse Student Body
Strong Attendance
Grades K-05
C+
Bentley Academy Innovation School
0.8 mi
|
#531 of 825
|
Score: 43.7
Improved 180 spots from last year
-14.5 below state avg
277 students
Moderate
Rising School
Grades PK-05
Salem Early Childhood School
0.8 mi
107 students
Diverse
Diverse Student Body
Grades PK
B-
Carlton School
0.8 mi
|
#470 of 825
|
Score: 45.5
Dropped 49 spots from last year
-12.7 below state avg
249 students
Diverse
Diverse Student Body
Grades K-05
B+
Bates School
1.4 mi
|
#319 of 825
|
Score: 50.0
Improved 260 spots from last year
-8.2 below state avg
415 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
C
Horace Mann Laboratory School
1.4 mi
|
#654 of 825
|
Score: 38.1
Improved 67 spots from last year
-20.1 below state avg
320 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.6 mi
|
#340 of 825
|
Score: 49.4
Improved 210 spots from last year
-8.8 below state avg
465 students
Diverse
Rising School
Diverse Student Body
Grades K-05
Middle Schools
1 school
B-
Collins Middle School
0.9 mi
|
#203 of 352
|
Score: 40.3
Improved 76 spots from last year
-17.9 below state avg
753 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
2 schools
B+
Salem Academy Charter School
0.3 mi
|
#141 of 346
|
Score: 57.0
Improved 95 spots from last year
-1.2 below state avg
477 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B+
Salem High School
1.5 mi
|
#124 of 346
|
Score: 58.3
Dropped 4 spots from last year
+0.1 above state avg
960 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
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Location
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Neighborhood
225 Derby St # 503, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Ed Abrams
Listing Office
RE/MAX Real Estate Center
Office Phone
617-576-3800
Agent MLS ID
BB806904
Office MLS ID
AN8908
Listing Data Updated
May 14, 2026 3:14 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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