Fabulous sunny, southeast side, corner unit with water views! Experience modern luxury living at its finest at the Derby Lofts Condos located on Lafayette Street in beautiful historic Salem. Enjoy easy living with two bedrooms, two bathrooms in an open layout with new appliances and an updated primary bath. Walls of glass and picture window overlook Derby Street and the South River Canal. The building provides two high-speed elevators for convenience and specialty shops, boutiques, and restaurants on the first floor, but there’s also plenty of shopping and dining options nearby. For commuters, the complex is in close proximity to commuter rail and the Boston Harbor Ferry. Unit comes with two parking passes to the municipal Harbor Street garage.
Sold for $589,000
$589,000
51 Lafayette St Unit 304, Salem, MA 01970
2beds
1,620sqft
Condominium
Built in 2003
-- sqft lot
$601,900 Zestimate®
$364/sqft
$2,801 Estimated rent
Home value
$601,900
$548,000 - $662,000
$2,801/mo
Zestimate® history
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List your homeWhat's special
Open layoutUpdated primary bathWater viewsNew appliancesWalls of glassPicture window
Zillow last checked:
Listing updated:
Listed by:
Sophie Soman 617-529-1258,
LandVest, Inc., Manchester -by-the-Sea 617-529-1258
Bought with:
Diantha Phothisan
Engel & Volkers By the Sea
Source: MLS PIN,MLS#: 73387368
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: Third
Bedroom 2
- Level: Third
Primary bathroom
- Features: Yes
Bathroom 1
- Level: Third
Bathroom 2
- Level: Third
Dining room
- Level: Third
Kitchen
- Level: Third
Living room
- Level: Third
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
- Laundry: Third Floor, In Unit
Features
- Elevator
- Flooring: Wood, Tile
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: Corner
Interior area
- Total structure area: 1,620
- Total interior livable area: 1,620 sqft
- Finished area above ground: 1,620
Property
Parking
- Total spaces: 4
- Parking features: Detached
- Garage spaces: 2
- Uncovered spaces: 2
Features
- Exterior features: City View(s)
- Has view: Yes
- View description: City, Water, Harbor, River
- Has water view: Yes
- Water view: Harbor,River,Water
- Waterfront features: Beach Ownership(Public)
Lot
- Size: 0.48 Acres
Details
- Parcel number: M:34 L:0485 S:815,4656142
- Zoning: B5
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Stone
- Roof: Shingle
Condition
- Year built: 2003
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Bike Path, Highway Access, House of Worship, Marina, Public School, T-Station, University
HOA
- Amenities included: Elevator(s)
- Services included: Water, Sewer, Insurance, Maintenance Structure, Snow Removal, Trash, Reserve Funds
- HOA fee: $501 monthly
Location
- Region: Salem
Financial & listing details
- Price per square foot: $364/sqft
- Tax assessed value: $516,300
- Annual tax amount: $5,855
- Date on market: 11/4/2025
- Exclusions: None
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2025 | Sold | $589,000$364/sqft |
Source: MLS PIN #73387368 Report a problem | ||
| 8/19/2025 | Contingent | $589,000$364/sqft |
Source: MLS PIN #73387368 Report a problem | ||
| 6/7/2025 | Listed for sale | $589,000+33.9%$364/sqft |
Source: MLS PIN #73387368 Report a problem | ||
| 8/13/2018 | Sold | $440,000-2%$272/sqft |
Source: Public Record Report a problem | ||
| 7/23/2018 | Listing removed | $2,650$2/sqft |
Source: Boston Pads Report a problem | ||
| 7/5/2018 | Listed for rent | $2,650$2/sqft |
Source: Boston Pads Report a problem | ||
| 6/22/2018 | Pending sale | $449,000$277/sqft |
Source: Experience Real Estate #72329814 Report a problem | ||
| 5/17/2018 | Listed for sale | $449,000$277/sqft |
Source: Experience Real Estate #72329814 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,855 +3.3% | $516,300 +5.8% |
| 2024 | $5,668 -4% | $487,800 +3.3% |
| 2023 | $5,907 | $472,200 |
| 2022 | $5,907 +5.5% | $472,200 +16.4% |
| 2021 | $5,597 -4.4% | $405,600 +0.1% |
| 2020 | $5,852 +2.1% | $405,000 +6.7% |
| 2019 | $5,733 +6.8% | $379,700 +8.8% |
| 2018 | $5,368 +1.9% | $349,000 +5.1% |
| 2017 | $5,269 +4.8% | $332,200 +3.5% |
| 2016 | $5,030 +7.4% | $321,000 +12.5% |
| 2015 | $4,683 +13.4% | $285,400 +15.6% |
| 2014 | $4,131 -4.7% | $246,900 -11% |
| 2012 | $4,337 -3.6% | $277,500 -7.2% |
| 2011 | $4,500 -1.4% | $299,000 -8.3% |
| 2010 | $4,566 -1.6% | $325,900 -9.2% |
| 2009 | $4,638 +5.4% | $359,000 -4.8% |
| 2008 | $4,401 +5.8% | $377,100 -2.4% |
| 2007 | $4,160 | $386,300 |
Find assessor info on the county website
Neighborhood: 01970
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Nearby schools
GreatSchools rating
- 5/10Saltonstall SchoolGrades: K-8Distance: 0.2 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.5 mi
- 6/10Collins Middle SchoolGrades: 6-8Distance: 0.6 mi
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Estimated market value
$601,900
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$601,900
- Massachusetts
- Essex County
- Salem
- 01970
- 51 Lafayette St Unit 304
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