For sale

Price cut: $500 (7/8)

$549,000

125 Derby St #D, Salem, MA 01970

2beds

1,416sqft

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Condominium, Townhouse

Built in 1768

-- sqft lot

$548,600 Zestimate^®

$388/sqft

$350/mo HOA

What's special

Timeless architectural details throughoutRenovated kitchenIn-unit washer and dryerMultiple original fireplacesElegant dining room

Step back in time without sacrificing modern convenience. Built in 1768 for Captain Edward Allen, this exceptional 6-room, 2-bedroom townhome is nestled in the heart of Salem's Historic District, just steps from The House of the Seven Gables, Pickering Wharf, and the historic Ye Olde Pepper Companie. Rich with period character, the home showcases beautifully refinished original King pine hardwood floors, multiple original fireplaces, and timeless architectural details throughout. The elegant dining room features a stunning hand-painted mural depicting Pickering Wharf as it appeared during the home's early years, creating a one-of-a-kind setting for entertaining. Thoughtfully updated for today's lifestyle, the home also offers a renovated kitchen, in-unit washer and dryer, and the perfect blend of historic charm and modern comfort. Rarely does an opportunity arise to own a piece of Salem's rich history in one of its most sought-after locations.

69 days

2,295

150

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Features: Closet, Flooring - Hardwood
Level: Third
Area: 196
Dimensions: 14 x 14

Bedroom 2

Features: Closet, Flooring - Wall to Wall Carpet
Level: Second
Area: 120
Dimensions: 12 x 10

Bathroom 1

Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower
Level: Second
Area: 80
Dimensions: 10 x 8

Bathroom 2

Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower
Level: Third
Area: 100
Dimensions: 10 x 10

Dining room

Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box
Level: Second
Area: 168
Dimensions: 14 x 12

Kitchen

Features: Bathroom - Full, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Countertops - Stone/Granite/Solid
Level: Second
Area: 144
Dimensions: 12 x 12

Living room

Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box
Level: Second
Area: 196
Dimensions: 14 x 14

Office

Features: Fireplace, Flooring - Wall to Wall Carpet
Level: Third
Area: 144
Dimensions: 12 x 12

Heating

Oil, Fireplace(s)

Cooling

Window Unit(s)

Appliances

Included: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Laundry: Electric Dryer Hookup, Washer Hookup, Second Floor, In Unit

Features

Office
Flooring: Carpet, Hardwood, Flooring - Wall to Wall Carpet
Has basement: Yes
Number of fireplaces: 4
Fireplace features: Dining Room, Living Room, Master Bedroom
Common walls with other units/homes: Corner

Interior area

Total structure area: 1,416
Total interior livable area: 1,416 sqft
Finished area above ground: 1,416

Property

Parking

Parking features: On Street
Has uncovered spaces: Yes

Features

Entry location: Unit Placement(Upper)
Patio & porch: Patio
Exterior features: Patio, Fenced Yard, Garden
Fencing: Fenced
Waterfront features: Ocean, 0 to 1/10 Mile To Beach

Details

Parcel number: 2138129
Zoning: B1

Construction

Type & style

Home type: Townhouse
Property subtype: Condominium, Townhouse

Materials

Stone
Roof: Shingle,Rubber

Condition

Year built: 1768

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range

Community & HOA

Community

Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, T-Station

HOA

Services included: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds
HOA fee: $350 monthly

Location

Region: Salem

Financial & listing details

Price per square foot: $388/sqft
Tax assessed value: $516,300
Annual tax amount: $5,855
Date on market: 5/6/2026

Estimated market value

$548,600

$521,000 - $576,000

$3,374/mo

Price history

Date	Event	Price
7/8/2026	Price change	$549,000-0.1%$388/sqft
Source: MLS PIN #73514238 Report a problem
6/26/2026	Price change	$549,500+0.1%$388/sqft
Source: MLS PIN #73514238 Report a problem
6/17/2026	Price change	$549,000-1.8%$388/sqft
Source: MLS PIN #73514238 Report a problem
5/28/2026	Price change	$559,000-3.5%$395/sqft
Source: MLS PIN #73514238 Report a problem
5/7/2026	Listed for sale	$579,000+322.6%$409/sqft
Source: MLS PIN #73514238 Report a problem
8/12/1999	Sold	$137,000$97/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,855 +0.8%	$516,300 +3.3%
2024	$5,810 +2.3%	$500,000 +10.1%
2023	$5,682	$454,200
2022	$5,682 +4.7%	$454,200 +15.5%
2021	$5,425 +2.9%	$393,100 +7.8%
2020	$5,270 +3.8%	$364,700 +8.5%
2019	$5,075 +6.7%	$336,100 +8.7%
2018	$4,757 +1.9%	$309,300 +5.1%
2017	$4,669 +6.8%	$294,400 +5.5%
2016	$4,373 +1%	$279,100 +5.8%
2015	$4,331 +2%	$263,900 +4%
2014	$4,246 +2.9%	$253,800 -3.8%
2012	$4,125 +1.8%	$263,900 -2%
2011	$4,053 +1.7%	$269,300 -5.3%
2010	$3,984 +3.4%	$284,400 -4.6%
2009	$3,853 +5.8%	$298,200 -4.4%
2008	$3,641 +6.6%	$312,000 -1.6%
2007	$3,416	$317,200

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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