Spectacular light, beautiful views, soaring ceilings, and so much more is what you get with this 5th floor unit at the Derby Lofts, in the heart of downtown Salem! Gaze out to water views on the South River Canal, experience ease of commute with proximity to the Commuter Rail and Boston Harbor Ferry. Dine at Bernadette, Adriatic, Howling Wolf, and so many more restaurants and shops that are in such close proximity. The open airy floorplan is both dramatic yet functional. A large living/dining space can accommodate ample furniture, formal dining and more. The fully applianced kitchen with newer stainless steel appliances, granite counters and wood cabinetry is comfortable for those days when not dining out! A large bonus room is ideal for an office or additional storage. The laundry room holds a full sized washer/dryer. Both bedrooms boast large picture windows, generous closets, including a walk in for the primary. 2 elevators, central AC, pet friendly and gated drive thru for drop off
Sold for $570,000
$570,000
51 Lafayette St Unit 506, Salem, MA 01970
2beds
1,510sqft
Condominium
Built in 2003
-- sqft lot
$582,300 Zestimate®
$377/sqft
$3,719 Estimated rent
Home value
$582,300
$530,000 - $641,000
$3,719/mo
Zestimate® history
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List your homeWhat's special
Fully applianced kitchenNewer stainless steel appliancesGenerous closetsOffice or additional storageWood cabinetryLarge picture windowsSoaring ceilings
Zillow last checked:
Listing updated:
Listed by:
Jennifer Gelfand 617-230-2829,
Keller Williams Realty Boston-Metro | Back Bay 617-542-0012
Bought with:
Herrick Lutts Realty Partners
Herrick Lutts Realty Partners
Source: MLS PIN,MLS#: 73409350
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bathroom
- Features: Yes
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
- Laundry: In Unit
Features
- Flooring: Wood
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 1,510
- Total interior livable area: 1,510 sqft
- Finished area above ground: 1,510
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Entry location: Unit Placement(Upper)
- Has view: Yes
- View description: Water, Canal
- Has water view: Yes
- Water view: Canal,Water
Details
- Parcel number: 4626898
- Zoning: R
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Brick, Stone
- Roof: Rubber
Condition
- Year built: 2003
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Medical Facility, Conservation Area, Marina, T-Station, University
HOA
- Amenities included: Elevator(s)
- Services included: Water, Sewer, Insurance, Maintenance Structure, Snow Removal
- HOA fee: $471 monthly
Location
- Region: Salem
Financial & listing details
- Price per square foot: $377/sqft
- Tax assessed value: $540,700
- Annual tax amount: $6,132
- Date on market: 1/21/2026
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2025 | Sold | $570,000$377/sqft |
Source: MLS PIN #73409350 Report a problem | ||
| 7/25/2025 | Listed for sale | $570,000+28.1%$377/sqft |
Source: MLS PIN #73409350 Report a problem | ||
| 6/4/2018 | Sold | $445,000+1.1%$295/sqft |
Source: Public Record Report a problem | ||
| 3/19/2018 | Pending sale | $440,000$291/sqft |
Source: Experience Real Estate #72293567 Report a problem | ||
| 3/15/2018 | Listed for sale | $440,000$291/sqft |
Source: Experience Real Estate #72293567 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,132 +3.2% | $540,700 +5.8% |
| 2024 | $5,939 -4.5% | $511,100 +2.8% |
| 2023 | $6,219 | $497,100 |
| 2022 | $6,219 +5.6% | $497,100 +16.4% |
| 2021 | $5,891 -4.3% | $426,900 +0.2% |
| 2020 | $6,157 +2.1% | $426,100 +6.7% |
| 2019 | $6,029 +6.9% | $399,300 +8.9% |
| 2018 | $5,641 +1.9% | $366,800 +5.1% |
| 2017 | $5,537 +4.8% | $349,100 +3.5% |
| 2016 | $5,284 +7.5% | $337,200 +12.6% |
| 2015 | $4,916 +13.4% | $299,600 +15.6% |
| 2014 | $4,335 -4.8% | $259,100 -11.1% |
| 2012 | $4,553 -3.7% | $291,300 -7.2% |
| 2011 | $4,726 -1.5% | $314,000 -8.3% |
| 2010 | $4,796 -1.6% | $342,300 -9.3% |
| 2009 | $4,873 +5.3% | $377,200 -4.9% |
| 2008 | $4,627 +5.8% | $396,500 -2.4% |
| 2007 | $4,374 | $406,100 |
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
$582,300
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Estimated market value
$582,300
- Massachusetts
- Essex County
- Salem
- 01970
- 51 Lafayette St Unit 506
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