225 Derby St, Unit 503

Salem, MA 01970

$610,000
Last Sold Price
1
Bed
1,151 Sq. Ft.
$530 / Sq. Ft.
1,151
Sq. Ft.
$530
per Sq. Ft.

Description

Welcome Home! Enjoy luxury living with this sun-drenched, open, spacious condo boasting panoramic harbor views atop the Salem Waterfront Hotel and Suites. Your reserved parking spot is close to the lobby and elevator. Experience the charm of Downtown Salem and the convenience of Pickering Wharf's shops and restaurants right at your doorstep. The one-bedroom, one-and-a-half-bath condo features central air, granite countertops, an in-unit washer and dryer, and power shades. Your residence includes...Welcome Home! Enjoy luxury living with this sun-drenched, open, spacious condo boasting panoramic harbor views atop the Salem Waterfront Hotel and Suites. Your reserved parking spot is close to the lobby and elevator. Experience the charm of Downtown Salem and the convenience of Pickering Wharf's shops and restaurants right at your doorstep. The one-bedroom, one-and-a-half-bath condo features central air, granite countertops, an in-unit washer and dryer, and power shades. Your residence includes access to hotel amenities, including a heated pool. Revel in the mesmerizing water views that extend over Salem Harbor to the South Channel and beyond. Immerse yourself in the best of Salem's offerings within arm's reach. Seize the opportunity to make this remarkable condo and Salem living your own. Schedule your visit now to experience it firsthand.
  1. Listed by Chris LeVasseur • Keller Williams Realty Evolution

Property Details for 225 Derby Street, Unit 503

Town
Salem
Area
MA-Salem
Style
High-Rise
Garage Spaces
0
Parking Spaces
1.00
Parking Spaces Total
1
Unit Placement
Upper
LISTING UPDATED: 05/30/2024 05:09 PM

Property Details for 225 Derby Street, Unit 503

StatusSold
MLS #73188067
Days on Market147
Taxes$7,220 / year
HOA Fees$413 / month
Compass TypeCondo
MLS TypeCondominium/Co-Op / Condo
Year Built2004
CountyEssex County

Location

Listing Courtesy of Keller Williams Realty Evolution, Chris LeVasseur

Sold By RE/MAX Destiny, Ed Abrams

Add your commute

Building Information for 225 Derby Street, Unit 503

Building/ComplexThe Salem Waterfront Hotel And SuitesFloor5Stories1Residences16Pet PolicyAllowedPet Policy Details-Year Built2004

Payment Calculator

$4,211 per month

30 year fixed, 6.845% Interest

Principal and Interest

$3,196

Property Taxes

$602

HOA Dues

$413

The Payment Calculator is for illustrative purposes only.

Property Information for 225 Derby Street, Unit 503

General Details
Property Details
  • Association Amenities: Pool, Elevator(s)
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Swimming Pool, Park, Walk/Jog Trails, Bike Path, Marina, Public School, T-Station
  • Current Financing: Cash
  • Living Area: 1151.0
  • SqFt with Basement: No
  • Total Units: 16
  • Property Attached: Yes
  • Type of Condo: Condo
  • Waterfront: No
  • Water View: Yes
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Basement Features: N
  • Num of Baths: 2.0
  • Num of Full Baths: 1
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 1.50
  • Bathrooms Total Integer: 2
  • FireplaceYN: Yes
  • Fireplaces: 1
  • Flooring: Tile, Carpet, Hardwood
  • Interior Features: Intercom, Security System, Indoor Pool
  • Laundry Features: In Unit
  • SpaYN: No
Exterior Features
  • Construction: Stone
  • Entry Location: Upper
  • Pool Features: Association, Indoor
  • Structure Type: High-Rise
  • Waterfront Features: Beach Front, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterview Features: Ocean
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street, Assigned
  • Parking Features: Off-Street, Assigned
  • Parking Features: Off-Street, Assigned
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Electric: Circuit Breakers
  • Green Energy Efficient: Thermostat
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Documents Available: Master Deed, Management Association Bylaws
  • Documents Count: 2
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Buyers and Buyer's agents need to perform their own due diligence. Audio / Video recording on premises.
Tax Information
  • Tax ID: M:34 L:0446 S:904,4638809
  • Assessments: $577,100
  • Book: 41317
  • Tax Year: 2023
  • Zoning: B5
Building / Association Information
Living Characteristics
  • Beds Total: 1
  • Total Living Levels: 1
Other Building Characteristics
  • Cooling Zones: 1
  • Heat Zones: 1
Complex & Association Information
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
  • Complex Name: The Salem Waterfront Hotel And Suites
  • Complex Complete: Yes
  • Management: Professional - On Site
  • Association Security: Intercom, TV Monitor, Security System
  • Adult Community: No
Unit Information
Unit Information
  • Unit Building: 503
  • Unit Floor Level Integer: 5.0
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 2

Property History for 225 Derby Street, Unit 503

DateEvent & SourcePriceAppreciation
May 30, 2024

Sold

MLS PIN #73188067

$610,000—
May 21, 2024

Sold (Public Record)

Public Record #1533516200

$610,000

+4.6% / yr

May 13, 2024

Under Agreement

MLS PIN #73188067

—
May 5, 2024

Contingent

MLS PIN #73188067

—
Feb 22, 2024

Price Change

MLS PIN #73188067

$634,000—
Dec 18, 2023

Listed (Active)

MLS PIN #73188067

$639,000—
Nov 22, 2022

Sold (Public Record)

Public Record #1501965953

$570,000

+2.9% / yr

Nov 22, 2022

Sold

MLS PIN #72967968

$570,000—
Oct 12, 2022

Under Agreement

MLS PIN #72967968

—
Oct 12, 2022

Contingent

MLS PIN #72967968

—
Apr 19, 2022

Listed (Active)

MLS PIN #72967968

$599,900—
Dec 5, 2018

Expired

MLS PIN #72357526

$539,000—
Jul 6, 2018

Listed (Active)

MLS PIN #72357526

$539,000—
Dec 31, 2017

Expired

MLS PIN #72122414

$539,000—
Feb 23, 2017

Listed (Active)

MLS PIN #72122414

$539,000—
Nov 30, 2016

Expired

MLS PIN #72018307

$539,000—
Jun 6, 2016

Listed (Active)

MLS PIN #72018307

$539,000—
Nov 18, 2011

Sold (Public Record)

Public Record #319663206

$415,000

-4.1% / yr

May 15, 2005

Canceled

MLS PIN #70164605

$590,000—
Mar 30, 2005

Listed (Active)

MLS PIN #70164605

$590,000—
Mar 16, 2005

Sold (Public Record)

Public Record #156790933

$549,000—
Mar 15, 2005

Sold

MLS PIN #70095080

$549,000—
Dec 17, 2004

Under Agreement

MLS PIN #70095080

—
Dec 17, 2004

Contingent

MLS PIN #70095080

—
Sep 23, 2004

Canceled

MLS PIN #70095084

$649,000—
Sep 20, 2004

Listed (Active)

MLS PIN #70095080

$649,000—
Sep 20, 2004

Listed (Active)

MLS PIN #70095084

$649,000—
DateEvent & SourcePrice
05/30/2024

Sold

MLS PIN #73188067

$610,000
05/21/2024

Sold (Public Record)

Public Record #1533516200

$610,000

+4.6% / yr

05/13/2024

Under Agreement

MLS PIN #73188067

—
05/05/2024

Contingent

MLS PIN #73188067

—
02/22/2024

Price Change

MLS PIN #73188067

$634,000
12/18/2023

Listed (Active)

MLS PIN #73188067

$639,000
11/22/2022

Sold (Public Record)

Public Record #1501965953

$570,000

+2.9% / yr

11/22/2022

Sold

MLS PIN #72967968

$570,000
10/12/2022

Under Agreement

MLS PIN #72967968

—
10/12/2022

Contingent

MLS PIN #72967968

—
04/19/2022

Listed (Active)

MLS PIN #72967968

$599,900
12/05/2018

Expired

MLS PIN #72357526

$539,000
07/06/2018

Listed (Active)

MLS PIN #72357526

$539,000
12/31/2017

Expired

MLS PIN #72122414

$539,000
02/23/2017

Listed (Active)

MLS PIN #72122414

$539,000
11/30/2016

Expired

MLS PIN #72018307

$539,000
06/06/2016

Listed (Active)

MLS PIN #72018307

$539,000
11/18/2011

Sold (Public Record)

Public Record #319663206

$415,000

-4.1% / yr

05/15/2005

Canceled

MLS PIN #70164605

$590,000
03/30/2005

Listed (Active)

MLS PIN #70164605

$590,000
03/16/2005

Sold (Public Record)

Public Record #156790933

$549,000
03/15/2005

Sold

MLS PIN #70095080

$549,000
12/17/2004

Under Agreement

MLS PIN #70095080

—
12/17/2004

Contingent

MLS PIN #70095080

—
09/23/2004

Canceled

MLS PIN #70095084

$649,000
09/20/2004

Listed (Active)

MLS PIN #70095080

$649,000
09/20/2004

Listed (Active)

MLS PIN #70095084

$649,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 225 Derby Street, Unit 503

Taxable ValueLand-Additions$592,000Total-
Tax Record2025$6,713 ($559 / month)
Home Facts
Beds1Baths1.5Total Finished SqFt1,151 SqFtAbove Grade Finished SqFt1,151 SqFtLot Size39,648 SqFtStyleCondominiumYear Built2004ZoningB5CountyESSEXAPNSALE M:34 L:0446 S:904Fireplace TypeHas Fireplace

Schools near 225 Derby Street, Unit 503

This home is within Salem School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - K to 5
Public - K to 5
Rating
School
Distance
Bates Elementary School
PublicPK to 5

Horace Mann Laboratory
PublicPK to 5

Carlton Elementary School
PublicK to 5

Witchcraft Heights Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Keller Williams Realty Evolution, Chris LeVasseur

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.