225 Derby Street, Unit 501

Salem, MA 01970

$577,500
Last Sold Price
2
Beds
2
Baths
1,600 Sq. Ft.
$361 / Sq. Ft.
1,600
Sq. Ft.
$361
per Sq. Ft.

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...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!
  1. Listed by Mary Stewart & Heather Kaznoski • Coldwell Banker Realty - Marblehead
  2. Listed by Heather Kaznoski • Coldwell Banker Realty - Marblehead
  3. Listed by Mary Stewart • Coldwell Banker Realty - Marblehead

Property Details for 225 Derby Street, Unit 501

Town
Salem
Area
MA-Salem
Style
High-Rise
Garage Spaces
0
Parking Spaces
1.00
Parking Spaces Total
1
Unit Placement
Upper

Location

Listing Courtesy of Coldwell Banker Realty - Marblehead, Mary Stewart & Heather Kaznoski; Coldwell Banker Realty - Marblehead, Heather Kaznoski; Coldwell Banker Realty - Marblehead, Mary Stewart

Sold By Compass, Bill Willis

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LISTING UPDATED: 05/12/2022 11:31 PM

Property Details for 225 Derby Street, Unit 501

StatusSold
MLS #72737419
Days on Market57
Taxes$8,719 / year
HOA Fees$611 / month
Compass TypeCondo
MLS TypeCondominium/Co-Op / Condo
Year Built2004
CountyEssex County

Location

Listing Courtesy of Coldwell Banker Realty - Marblehead, Mary Stewart & Heather Kaznoski; Coldwell Banker Realty - Marblehead, Heather Kaznoski; Coldwell Banker Realty - Marblehead, Mary Stewart

Sold By Compass, Bill Willis

Add your commute

Virtual Tour

Building Information for 225 Derby Street, Unit 501

Building/ComplexSalem Waterfront Hotel & Condo SuitesFloor5Stories1Residences16Pet PolicyAllowedYear Built2004

Payment Calculator

$4,489 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,152

Property Taxes

$727

HOA Dues

$611

The Payment Calculator is for illustrative purposes only.

Property Information for 225 Derby Street, Unit 501

General Details
Property Details
  • Association Amenities: Pool, Elevator(s), Fitness Center
  • Building Area Units: Square Feet
  • Community Features: 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
  • Current Financing: Conv. Fixed
  • Living Area: 1600.0
  • Total Units: 16
  • Property Attached: Yes
  • Type of Condo: Condo
  • Waterfront: No
  • Water View: Yes
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • Grade School: Public &Private
  • High School: Public
  • Middle School: Public
Features
Interior Features
  • Appliances: Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Wine Refrigerator, Gas Water Heater, Tankless Water Heater, Plumbed For Ice Maker, Utility Connections for Gas Range, Utility Connections for Electric Oven, Utility Connections for Gas Dryer
  • Basement Features: N
  • Num of Baths: 2.0
  • Num of Full Baths: 2
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Integer: 2
  • FireplaceFeatures: Living Room
  • FireplaceYN: Yes
  • Fireplaces: 1
  • Flooring: Wood, Tile, Carpet
  • Interior Features: Internet Available - Broadband
  • Interior Features: Internet Available - Broadband, Intercom, Security System
  • Laundry Features: Laundry Closet, First Floor, In Unit, Washer Hookup
  • Main Level Bedrooms: 1
  • Other Equipment: Intercom
  • Primary Bath: Yes
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Brick
  • Entry Location: Upper
  • Exterior Features: City View(s)
  • Roof Material: Shingle
  • Structure Type: High-Rise
  • View: City
  • View: Yes
  • Waterfront Features: Beach Front, Harbor, Ocean, Walk to, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street, Assigned, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Off-Street, Assigned, Paved Driveway
  • Parking Features: Off-Street, Assigned, Paved Driveway
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Electric: Circuit Breakers
  • Green Energy Efficient: Thermostat
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewage District: Essex
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Oven, for Gas Dryer, Washer Hookup, Icemaker Connection
  • Water: Public
Room Information
Primary Bedroom
  • Room Primary Bedroom Features: Bathroom - Full,Walk-In Closet(s),Flooring - Wall to Wall Carpet,Handicap Accessible
  • Primary Bedroom Level: Main
Bedroom 2
  • Bedroom2 Features: Flooring - Wall to Wall Carpet,Handicap Accessible,Recessed Lighting
  • Bedroom2 Level: First
Bathroom 1
  • Bathroom1 Features: Bathroom - Full,Flooring - Stone/Ceramic Tile
  • Bathroom1 Level: First
Bathroom 2
  • Bathroom2 Features: Bathroom - Full,Flooring - Stone/Ceramic Tile
  • Bathroom2 Level: First
Dining Room
  • Dining Room Features: Flooring - Hardwood,Handicap Accessible,Open Floorplan,Recessed Lighting
  • Dining Room Level: Main
Kitchen
  • Kitchen Features: Flooring - Hardwood,Countertops - Stone/Granite/Solid,Handicap Accessible,Recessed Lighting,Stainless Steel Appliances
  • Kitchen Level: Main
Living Room
  • Room Living Room Features: Flooring - Hardwood,Open Floorplan,Recessed Lighting
  • Room Living Room Level: Main
Property Information
Property Info
  • UFFI: No
  • Year Round: Yes
  • Documents Available: Master Deed, Unit Deed, Rules & Regs, Floor Plans, Association Financial Statements
  • Documents Count: 5
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: COVID Protocol - Masks required. Dogs and Cats MAY be allowed - if under 30 pounds (MAX) and with condo association approval.
Tax Information
  • Tax ID: 4580586
  • Assessments: $603,400
  • Book: 37012
  • Tax Year: 2020
  • Zoning: B5
Building / Association Information
Living Characteristics
  • Beds Total: 2
  • Total Living Levels: 1
Other Building Characteristics
  • Cooling Zones: 1
  • Heat Zones: 1
Complex & Association Information
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Water, Sewer, Insurance, Security, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
  • Complex Name: Salem Waterfront Hotel & Condo Suites
  • Complex Complete: Yes
  • Management: Professional - Off Site, Owner Association
  • Association Security: Intercom, TV Monitor, Security System
  • Adult Community: No
Unit Information
Unit Information
  • Unit Building: 501
  • Unit Floor Level Integer: 5.0
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 1.0

Property History for 225 Derby Street, Unit 501

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 225 Derby Street, Unit 501

Taxable ValueLand-Additions$623,200Total-
Tax Record2024$7,242 ($604 / month)
Home Facts
Beds2Baths2Total Finished SqFt1,600 SqFtAbove Grade Finished SqFt1,600 SqFtLot Size39,648 SqFtStyleCondominiumYear Built2004ZoningB5CountyESSEXAPNSALE M:34 L:0446 S:902Fireplace TypeHas Fireplace

Schools near 225 Derby Street, Unit 501

This home is within Salem School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - K to 8
Rating
School
Distance
Carlton Elementary School
PublicK to 5

Horace Mann Laboratory
PublicK to 5

Bates Elementary School
PublicK to 5

Saltonstall School
PublicK to 8

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. 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 Coldwell Banker Realty - Marblehead, Mary Stewart & Heather Kaznoski; Coldwell Banker Realty - Marblehead, Heather Kaznoski; Coldwell Banker Realty - Marblehead, Mary Stewart

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.