225 Derby Street, Unit 503

Salem, MA 01970

$570,000
Last Sold Price
1
Beds
1
Bath
1
1/2 Bath
1,151 Sq. Ft.
$495 / Sq. Ft.
1,151
Sq. Ft.
$495
per Sq. Ft.

Description

Sunny and spacious luxury condo with expansive harbor views from atop the Salem Harborside Waterfront Hotel and Suites. Private elevator to the fifth floor just a few feet from your private parking spot. Downtown Salem is a short walk and Pickering Wharf right downstairs. Hotel amenities are included with your 1151 square feet of living area that includes central air, granite counter tops, Hunter Douglas power shades, and water views that stretch out over Salem Harbor to the South Channel and beyond....Sunny and spacious luxury condo with expansive harbor views from atop the Salem Harborside Waterfront Hotel and Suites. Private elevator to the fifth floor just a few feet from your private parking spot. Downtown Salem is a short walk and Pickering Wharf right downstairs. Hotel amenities are included with your 1151 square feet of living area that includes central air, granite counter tops, Hunter Douglas power shades, and water views that stretch out over Salem Harbor to the South Channel and beyond. Come and enjoy the best of Salem at your fingertips for yourself or make it a great investment with a potential collected rent of $2500-2800/month.
  1. Listed by Brian Carey • Prism Real Estate Group

Property Details for 225 Derby Street, Unit 503

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

Location

Listing Courtesy of Prism Real Estate Group, Brian Carey

Sold By Keller Williams Realty Evolution, Chris LeVasseur

Add your commute
LISTING UPDATED: 11/23/2022 08:52 AM

Property Details for 225 Derby Street, Unit 503

StatusSold
MLS #72967968
Days on Market176
Taxes$6,946 / year
HOA Fees$413 / month
Compass TypeCondo
MLS TypeCondominium/Co-Op / Condo
Year Built2004
CountyEssex County

Location

Listing Courtesy of Prism Real Estate Group, Brian Carey

Sold By Keller Williams Realty Evolution, Chris LeVasseur

Add your commute

Building Information for 225 Derby Street, Unit 503

Building/ComplexThe Salem Waterfront Hotel And SuitesFloor5Stories1Residences10Pet PolicyAllowedYear Built2004

Payment Calculator

$4,103 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,111

Property Taxes

$579

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), Recreation Facilities, Fitness Center
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Golf Course, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School
  • Current Financing: Conv. Fixed
  • Living Area: 1151.0
  • SqFt with Basement: No
  • Total Units: 10
  • Type of Condo: Condo
  • Waterfront: No
  • Water View: Yes
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Oven, Dishwasher, Disposal, Trash Compactor, 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
  • Interior Features: Intercom
  • Other Equipment: Intercom
Exterior Features
  • Construction: Stone
  • Entry Location: Upper,Garden
  • Structure Type: Garden
  • Waterfront Features: Beach Front
  • Waterview Features: Harbor, Other (See Remarks)
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Documents Available: Master Deed, Unit Deed
  • Documents Count: 2
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Disclosures: Pre Qualified Offers Only.
Tax Information
  • Tax ID: 34446904,4591603
  • Assessments: $524,200
  • Block: 446
  • Book: 30849
  • Lot: 904
  • Map: 34
  • Tax Year: 2022
  • Zoning: B5
Building / Association Information
Living Characteristics
  • Beds Total: 1
  • Total Living Levels: 1
Complex & Association Information
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal
  • Complex Name: The Salem Waterfront Hotel And Suites
  • Complex Complete: Yes
  • Management: Professional - On Site
  • Units Owner Occupied: 8
  • Owner Occupied Source: HOA
  • Association Security: Intercom
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: 0

Property History for 225 Derby Street, Unit 503

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 503

Taxable ValueLand-Additions$553,200Total-
Tax Record2024$6,428 ($536 / 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 - 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 Prism Real Estate Group, Brian Carey

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.