Derby Lofts rare 1,520± SF corner penthouse with 161± SF private balcony in Downtown Salem, just 5 blocks to commuter rail and minutes to the Boston Harbor Ferry. Enjoy the best sunsets in Salem from soaring 10’+ ceilings, dramatic windows, and sweeping city views. A 2024 kitchen renovation features new appliances, maple butcher block counters, a soapstone wet zone with custom sink, open shelving, custom cabinetry with pull-outs, exposed brick, and industrial lighting. Living/dining area with floor-to-ceiling custom bookcase and ladder. Primary suite with 2023 spa-inspired bath—walk-in shower, marble hex tile, new vanity, fixtures, and lighting—plus lime-washed brick accent, chandelier reading nook, and electric fireplace. Balcony with new decking. Building amenities include 2 elevators, skylit atrium, and secure entry. Two covered garage parking spaces available by lease (first-come, first-served). Shops, dining, PEM, waterfront, and arts venues at your doorstep.
Sold for $725,000
$725,000
51 Lafayette St Unit 609, Salem, MA 01970
2beds
1,520sqft
Condominium
Built in 2003
-- sqft lot
$740,800 Zestimate®
$477/sqft
$3,722 Estimated rent
Home value
$740,800
$674,000 - $815,000
$3,722/mo
Zestimate® history
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List your homeWhat's special
Electric fireplaceWalk-in showerCorner penthouseMarble hex tileIndustrial lightingExposed brickLime-washed brick accent
Zillow last checked:
Listing updated:
Listed by:
Sophie Soman 617-529-1258,
LandVest, Inc., Manchester -by-the-Sea 617-529-1258
Bought with:
Beth Jacobs
Coldwell Banker Realty - Marblehead
Source: MLS PIN,MLS#: 73426999
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bathroom
- Features: Yes
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
- Laundry: In Unit, Gas Dryer Hookup, Washer Hookup
Features
- Internet Available - Unknown, Elevator
- Flooring: Wood, Tile
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: No One Above
Interior area
- Total structure area: 1,520
- Total interior livable area: 1,520 sqft
- Finished area above ground: 1,520
Property
Parking
- Total spaces: 2
- Parking features: Deeded, Common, Leased
- Garage spaces: 2
Features
- Patio & porch: Deck
- Exterior features: Deck, Balcony, City View(s)
- Has view: Yes
- View description: City
- Waterfront features: Harbor, 1 to 2 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 0.48 Acres
Details
- Parcel number: M:34 L:0485 S:853,4656146
- Zoning: B5
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Stone
- Roof: Rubber
Condition
- Year built: 2003
Utilities & green energy
- Electric: 110 Volts, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Electric Oven, for Gas Dryer, Washer Hookup
Community & HOA
Community
- Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, House of Worship, Marina, Public School, T-Station, University
- Security: Intercom, TV Monitor, Security Gate
HOA
- Amenities included: Elevator(s)
- Services included: Water, Sewer, Insurance, Security, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
- HOA fee: $559 monthly
Location
- Region: Salem
Financial & listing details
- Price per square foot: $477/sqft
- Tax assessed value: $585,100
- Annual tax amount: $6,635
- Date on market: 1/5/2026
- Exclusions: None
Price history
| Date | Event | Price |
|---|---|---|
| 10/17/2025 | Sold | $725,000-3.2%$477/sqft |
Source: MLS PIN #73426999 Report a problem | ||
| 9/13/2025 | Contingent | $749,000$493/sqft |
Source: MLS PIN #73426999 Report a problem | ||
| 9/6/2025 | Listed for sale | $749,000+76.2%$493/sqft |
Source: MLS PIN #73426999 Report a problem | ||
| 9/9/2016 | Sold | $425,000-5.3%$280/sqft |
Source: Public Record Report a problem | ||
| 8/4/2016 | Pending sale | $449,000$295/sqft |
Source: Experience Real Estate #71958414 Report a problem | ||
| 7/8/2016 | Listed for sale | $449,000$295/sqft |
Source: Experience Real Estate #71958414 Report a problem | ||
| 5/17/2016 | Listing removed | $449,000$295/sqft |
Source: Experience Real Estate #71958414 Report a problem | ||
| 4/16/2016 | Price change | $449,000+0.9%$295/sqft |
Source: Experience Real Estate #71958414 Report a problem | ||
| 4/6/2016 | Pending sale | $445,000$293/sqft |
Source: Experience Real Estate #71958414 Report a problem | ||
| 3/30/2016 | Price change | $445,000+0%$293/sqft |
Source: Experience Real Estate #71958414 Report a problem | ||
| 2/19/2016 | Price change | $444,8880%$293/sqft |
Source: Experience Real Estate #71958414 Report a problem | ||
| 2/12/2016 | Listed for sale | $445,000$293/sqft |
Source: Experience Real Estate #71958414 Report a problem | ||
| 4/8/2014 | Listing removed | $2,150$1/sqft |
Source: East Coast Realty Report a problem | ||
| 5/8/2013 | Price change | $2,150-10%$1/sqft |
Source: East Coast Realty Report a problem | ||
| 1/18/2013 | Price change | $2,389+2.8%$2/sqft |
Source: East Coast Realty Report a problem | ||
| 10/10/2012 | Listed for rent | $2,325+1.1%$2/sqft |
Source: Boston Luxury Residential Report a problem | ||
| 11/20/2011 | Listing removed | $2,300$2/sqft |
Source: The Apartment Store Report a problem | ||
| 8/27/2011 | Listed for rent | $2,300$2/sqft |
Source: First Choice Realty Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,635 +3.2% | $585,100 +5.8% |
| 2024 | $6,427 -4.4% | $553,100 +3% |
| 2023 | $6,720 | $537,200 |
| 2022 | $6,720 +5.6% | $537,200 +16.5% |
| 2021 | $6,363 -4.3% | $461,100 +0.2% |
| 2020 | $6,648 +2.2% | $460,100 +6.8% |
| 2019 | $6,507 +7% | $430,900 +9% |
| 2018 | $6,083 +1.9% | $395,500 +5.1% |
| 2017 | $5,967 +4.8% | $376,200 +3.6% |
| 2016 | $5,691 +7.5% | $363,200 +12.6% |
| 2015 | $5,292 +13.5% | $322,500 +15.7% |
| 2014 | $4,664 +2.3% | $278,800 -4.4% |
| 2012 | $4,558 -3.6% | $291,600 -7.2% |
| 2011 | $4,730 -1.5% | $314,300 -8.3% |
| 2010 | $4,801 -1.6% | $342,700 -9.2% |
| 2009 | $4,879 +5.3% | $377,600 -4.9% |
| 2008 | $4,632 +5.8% | $396,900 -2.4% |
| 2007 | $4,379 | $406,600 |
Find assessor info on the county website
Neighborhood: 01970
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Nearby schools
GreatSchools rating
- 5/10Saltonstall SchoolGrades: K-8Distance: 0.5 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.2 mi
- 6/10Collins Middle SchoolGrades: 6-8Distance: 0.7 mi
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Estimated market value
$740,800
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Estimated market value
$740,800
- Massachusetts
- Essex County
- Salem
- 01970
- 51 Lafayette St Unit 609
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