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225 Derby St #501, Salem, MA 01970

$741,000
Last sold 12/30/2020 for $577K
2
bed
2
bath
1,600
Sqft ($361/Sqft)

Condominium/Co-Op not for sale

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About 225 Derby St #501

Property type Condominium/Co-Op

Neighborhood

Year built 2004

HOA fee $611/month

Lot size 0.91 Acre

Movoto estimate

Rental estimate

Property description

This sun-filled corner condo is 1 of only 16 in the SALEM WATERFRONT HOTEL offering a unique life style where the convenience of being connected to the hotel & staff is only one of the many benefits that comes with ownership. 5th floor views include Derby Wharf rooftops, the Custom House & Salem Harbor with all its boating activity. Open floor plan combines a spacious living room w/ oversized windows, a gas fireplace, & full sized dining room adjacent to the corner kitchen. The 2 spacious bedrooms (ensuite master) offering the same expansive outlook w/constantly changing sunrises & night time city views,+ 2 full baths, laundry & great closet space complete the interior of this special condominium. Other amenities include security, elevator, an indoor heated pool, exercise room, assigned pkg & access to the hotel restaurant & bar. Located adjacent to Derby Wharf restaurants & shops, a short walk to city center, PEM, train, House of Seven Gables,the Common & all that Salem has to offer!

Listed by

Listing Agent - Mary Stewart & Heather Kaznoski

Listing Office - Coldwell Banker Realty - Marblehead

Source: MLS Property Information Network, Inc.

MLS#72737419 • last updated 5 years ago

Movoto checked MLS Property Information Network, Inc. for data 11 minutes ago

Overview
Levels/Style	High-Rise
Type	Condominium/Co-Op
MLS #	72737419
SqFt	1600
Status	Sold
Lot Size (Acre)	0.91
Property Tax	8719.13
Year Built	2004
HOA Fee	610.51, Monthly
Short Sale (Y/N)	No
Foreclosure (Y/N)	No

Interior
# Full Baths	2
Bathroom 2	Bathroom - Full, Flooring - Stone/Ceramic Tile
Primary Bathroom	Yes
Bathroom 1	Bathroom - Full, Flooring - Stone/Ceramic Tile
Primary Bedroom	Bathroom - Full, Closet - Walk-in, Flooring - Wall To Wall Carpet, Handicap Accessible, Main Level
Bedroom 2	Flooring - Wall To Wall Carpet, Handicap Accessible, Recessed Lighting
Total # of Bedrooms	2
Total # of Rooms	4
Laundry	Closet
Kitchen	Flooring - Hardwood, Countertops - Stone/Granite/Solid, Handicap Accessible, Main Level, Recessed Lighting, Stainless Steel Appliances
Dining Room	Flooring - Hardwood, Handicap Accessible, Main Level, Open Floor Plan, Recessed Lighting
# Fireplaces	1
Interior Features	Fireplace, Flooring - Hardwood, Main Level, Open Floor Plan, Recessed Lighting, Security System, Cable Available, Intercom, Internet Available - Broadband, Elevator

Exterior
Exterior	Brick
Roof	Asphalt/Fiberglass Shingles
Construction	Brick
Parking Desc	Off-Street, Assigned, Paved Driveway
# Parking Spaces	1
Exteriot Features	City View(s)

Amenities / Utilities
Green Features: Energy Efficiency	Insulated Windows, Prog. Thermostat
Electricity	Circuit Breakers
Utility Connections	For Gas Range, for Electric Oven, for Gas Dryer, Washer Hookup, Icemaker Connection
Utilities: Hot Water	Natural Gas, Tank
Water Source	City/Town Water
Pets Allowed (Y/N)	No
Security Features	Intercom, TV Monitor
HOA Fee Includes	Water, Sewer, Master Insurance, Security, Swimming Pool, Elevator, Exterior Maintenance, Landscaping, Snow Removal, Exercise Room, Refuse Removal, Reserve Funds, Management Fee
HOA Amenities	Public Transportation, Shopping, Swimming Pool, Park, Walk/Jog Trails, Golf Course, Medical Facility, Bike Path, Conservation Area, Highway Access, House Of Worship, Marina, Private School, Public School, T-Station, University

Location
Waterfront	Harbor, Ocean, Walk To, Public
Distance to Beach (mi.)	3/10 To 1/2 Mile
Unit Location	Upper
County	Essex
Middle School	Public
Elementary School	Public &Private
High School	Public
APN	4580586

Multifamily Details
# of Units	16

$741K

Range: $652K-$829K

Last 30 days

Rental est.: $2,695/month

• Gross rent multiplier: 18.5

Lower your payment with the loan terms that fit you.

Dec 2020
MLS # 72737419
Dec 30, 2020 Sold
$577,500 (-3.5%)
Dec 1, 2020 Under Agreement
—
Nov 17, 2020 Contingent
—
Oct 5, 2020 Listed
$598,500 (+8.8%)
Sep 2018
MLS # 72303941
Sep 14, 2018 Sold
$550,000 (-5.0%)
Jun 26, 2018 Under Agreement
—
Jun 12, 2018 Contingent
—
Apr 5, 2018 Listed
$579,000 (-3.4%)
Oct 2017
MLS # 72199298
Oct 13, 2017 Price Changed
$599,500 (-6.3%)
Aug 16, 2017 Price Changed
$639,900 (-7.1%)
Jul 17, 2017 Listed
$689,000 (+15.0%)
May 2014
MLS # 71663607
May 1, 2014 Temporarily Withdrawn
—
Apr 21, 2014 Listed
$599,000 (-11.3%)
Sep 2013
MLS # 71576214
Sep 20, 2013 Back On Market
—
Sep 17, 2013 Contingent
—
Aug 30, 2013 Listed
$675,000 (-9.9%)
Mar 2005
MLS # 70088767
Mar 15, 2005 Sold
$749,000 (-2.6%)
Sep 10, 2004 Listed
$769,000

225 Derby St #501
$577K
Downtown Salem
$492K -26% y/y
01970
$617K -4% y/y
Salem
$566K -11% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft
225 Derby St, #506, Salem, MA 01970	$716,000	2/2	1,346
225 Derby St, #504, Salem, MA 01970	$701,000	2/2	1,460
225 Derby St, #605, Salem, MA 01970	$738,000	1/2	1,630
225 Derby St, #601, Salem, MA 01970	$745,000	2/2	1,600
225 Derby St, #604, Salem, MA 01970	$701,000	2/2	1,460
225 Derby St, #505, Salem, MA 01970	$775,000	2/1	1,630
225 Derby St, #502, Salem, MA 01970	$714,000	2/2	1,325
225 Derby St, #608, Salem, MA 01970	$689,000	2/2	1,455

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.