Welcome to 114 Derby Street Unit 2, a beautifully renovated 2-bed, 2.5-bath condo in one of Salem’s most desirable waterfront neighborhoods. Located in a restored Federal-style mansion, this home offers stylish single-level living with a perfect mix of modern finishes and historic charm. The open-concept layout features a sleek kitchen with quartz countertops and stainless appliances, flowing into a comfortable living and dining space with a cozy gas fireplace. Central A/C ensures year-round comfort. The spacious primary suite includes a walk-in closet and a well-appointed en suite bath. A second bedroom, full guest bath, and half bath offer great flexibility. Front and rear private entrances add convenience, and there's just enough outdoor space for a grill or bistro table. A spacious unfinished basement offers excellent storage and future living space. Enjoy vibrant, historic Salem in your own backyard—Showings begin at the open house. See offer instructions.
Sold for $855,000
$855,000
114 Derby St #2, Salem, MA 01970
2beds
1,342sqft
Condominium, Townhouse
Built in 1950
0.29 Acres Lot
$853,100 Zestimate®
$637/sqft
$3,364 Estimated rent
Home value
$853,100
$776,000 - $938,000
$3,364/mo
Zestimate® history
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$6,053/mo
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List your homeWhat's special
Cozy gas fireplaceModern finishesStylish single-level livingHistoric charmWell-appointed en suite bathSpacious primary suiteWalk-in closet
Zillow last checked:
Listing updated:
Listed by:
Joyce Sullivan 978-852-5388,
Keller Williams Realty Evolution 978-887-3995,
Janet Sullivan 978-317-3716
Bought with:
Judith Zissulis
Keller Williams Realty Evolution
Source: MLS PIN,MLS#: 73405795
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Features: Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood
- Level: First
- Area: 182
- Dimensions: 13 x 14
Bedroom 2
- Features: Closet, Flooring - Hardwood
- Level: Main,First
- Area: 130
- Dimensions: 10 x 13
Primary bathroom
- Features: Yes
Bathroom 1
- Features: Bathroom - Full
- Level: First
- Area: 81
- Dimensions: 9 x 9
Bathroom 2
- Features: Bathroom - Full
- Level: First
- Area: 35
- Dimensions: 5 x 7
Bathroom 3
- Features: Bathroom - Half
- Level: First
- Area: 24
- Dimensions: 6 x 4
Dining room
- Features: Flooring - Hardwood, Open Floorplan, Lighting - Overhead
- Level: Main,First
- Area: 132
- Dimensions: 11 x 12
Family room
- Level: First
Kitchen
- Features: Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Exterior Access, Open Floorplan, Recessed Lighting
- Level: Main,First
- Area: 140
- Dimensions: 10 x 14
Living room
- Features: Flooring - Hardwood, Deck - Exterior, Exterior Access, Open Floorplan
- Level: Main,First
- Area: 240
- Dimensions: 16 x 15
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
- Laundry: In Unit
Features
- Flooring: Tile, Hardwood
- Doors: Insulated Doors
- Windows: Insulated Windows
- Has basement: Yes
- Number of fireplaces: 1
- Common walls with other units/homes: End Unit
Interior area
- Total structure area: 1,342
- Total interior livable area: 1,342 sqft
- Finished area above ground: 1,342
Property
Parking
- Total spaces: 1
- Parking features: Off Street, Deeded
- Uncovered spaces: 1
Features
- Entry location: Unit Placement(Walkout)
- Patio & porch: Deck
- Exterior features: Deck
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 0.29 Acres
Details
- Parcel number: M:41 L:0014 S:805,5000231
- Zoning: R2
Construction
Type & style
- Home type: Townhouse
- Property subtype: Condominium, Townhouse
Materials
- Brick
Condition
- Year built: 1950
- Major remodel year: 2016
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range
Green energy
- Energy efficient items: Thermostat
Community & HOA
Community
- Features: Public Transportation, Shopping
HOA
- Services included: Water, Sewer, Insurance, Maintenance Structure, Snow Removal, Reserve Funds
- HOA fee: $331 monthly
Location
- Region: Salem
Financial & listing details
- Price per square foot: $637/sqft
- Tax assessed value: $753,600
- Annual tax amount: $8,546
- Date on market: 1/7/2026
- Exclusions: Chandelier Over Dinning Table
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2025 | Sold | $855,000+6.9%$637/sqft |
Source: MLS PIN #73405795 Report a problem | ||
| 7/25/2025 | Contingent | $799,900$596/sqft |
Source: MLS PIN #73405795 Report a problem | ||
| 7/17/2025 | Listed for sale | $799,900$596/sqft |
Source: MLS PIN #73405795 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,679 +4.9% | $746,900 +12.9% |
| 2023 | $8,275 | $661,500 |
| 2022 | $8,275 +10.5% | $661,500 +21.9% |
| 2021 | $7,489 +2.8% | $542,700 +7.6% |
| 2020 | $7,287 -0.5% | $504,300 +4% |
| 2019 | $7,325 -0.7% | $485,100 +1.1% |
| 2018 | $7,379 | $479,800 |
Find assessor info on the county website
Neighborhood: 01970
Nearby homes
- $1,025,6003 bd3 ba1.9k sqft114 Derby St #1, Salem, MA 01970Off Market
- $853,8002 bd2 ba1.5k sqft114 Derby St #3, Salem, MA 01970Off Market
- $823,6002 bd2 ba1.4k sqft26 Turner St #1, Salem, MA 01970Off Market
- $565,0001 bd2 ba1.1k sqft26 Turner St UNIT 2T, Salem, MA 01970Off Market
- $901,5003 bd3 ba1.7k sqft26 Turner St #3, Salem, MA 01970Off Market
- $1,686,500-- bd-- ba9.2k sqft114 Derby St, Salem, MA 01970Off Market
- $--2 bd1 ba-- sqft118 Derby St, Salem, MA 01970Off Market
- $1,159,4004 bd4 ba3k sqft110 Derby St #1, Salem, MA 01970Off Market
Nearby schools
GreatSchools rating
- 5/10Carlton Elementary SchoolGrades: K-5Distance: 0.7 mi
- 5/10Saltonstall SchoolGrades: K-8Distance: 0.7 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- High: Shs
Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$853,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$853,100
- Massachusetts
- Essex County
- Salem
- 01970
- 114 Derby St Unit 2
