Derby Lofts 51 Lafayette Street, Salem, MA 01970
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$589,000
2 Beds
2 Baths
1620 SQFT
0.48 Acre
$501 HOA

Property Description

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.

Property Details tap to expand

Amenities

  • Amenities: Bike Path, Highway Access, House of Worship, Marina, Park, Public School, Public Transportation, Shopping, T-Station, University
  • Association Fee Includes: Elevator, Exterior Maintenance, Master Insurance, Refuse Removal, Reserve Funds, Sewer, Snow Removal, Water

Kitchen, Dining, and Appliances

  • Kitchen Level: Third Floor
  • Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
  • Dining Room Level: Third Floor

Bathrooms

  • Full Baths: 2
  • Master Bath: 1
  • Bathroom 1 Level: Third Floor
  • Bathroom 2 Level: Third Floor

Bedrooms

  • Bedrooms: 2
  • Master Bedroom Level: Third Floor
  • Bedroom 2 Level: Third Floor

Other Rooms

  • Total Rooms: 4
  • Living Room Level: Third Floor

Utilities

  • Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Cooling: Central Air
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit Features

  • Square Feet: 1620
  • Unit Building: 304
  • Unit Level: 3
  • Interior Features: Elevator
  • Floors: 1
  • Pets Allowed: Yes
  • Laundry Features: In Unit
  • Accessability Features: Unknown

Condo Complex Information

  • Condo Name: Derby Lofts
  • Condo Type: Condo
  • Complex Complete: Yes
  • Number of Units: 54
  • Elevator: Yes
  • Condo Association: U
  • HOA Fee: $501
  • Fee Interval: Monthly
  • Management: Professional - Off Site

Construction

  • Year Built: 2003
  • Style: High-Rise, Raised Ranch, Walk-out
  • Construction Type: Stone/Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Tile, Wood
  • Lead Paint: None
  • Warranty: No

Garage & Parking

  • Garage Parking: Detached
  • Garage Spaces: 2
  • Parking Spaces: 2

Exterior & Grounds

  • Exterior Features: City View(s)
  • Pool: No
  • Beach Ownership: Public

Other Information

  • MLS ID# 73387368
  • Last Updated: 06/11/25
  • Documents on File: 21E Certificate, Aerial Photo, Building Permit, Floor Plans, Investment Analysis, Legal Description, Management Association Bylaws, Master Deed, Perc Test, Rules & Regs, Septic Design, Site Plan, Soil Survey, Subdivision Approval, Unit Deed

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/11/2025Active$589,000$364MLSPIN
06/07/2025New$589,000$364MLSPIN

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Seller's Representative: Sophie Soman, LandVest, Inc., Manchester -by-the-Sea
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-06-11 03:05:00

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