225 Derby Street, Unit 508

Salem, MA 01970

$591,000
Last Sold Price
2
Beds
2
Baths
1,455 Sq. Ft.
$406 / Sq. Ft.
1,455
Sq. Ft.
$406
per Sq. Ft.

Description

Premier corner residence at the celebrated Salem Water Front Hotel. This luxury two bedroom two bath corner unit features an open floor plan, fireplaced living room, custom kitchen, new upgraded marble spa baths, master suite Juliet balcony and parking. Vacation year round and enjoy the fabulous amenities of pool and health club. Steps to waterfront, boating, beaches, train and ferry to Boston, boutique shopping, fine dining, museums and nightlife.Premier corner residence at the celebrated Salem Water Front Hotel. This luxury two bedroom two bath corner unit features an open floor plan, fireplaced living room, custom kitchen, new upgraded marble spa baths, master suite Juliet balcony and parking. Vacation year round and enjoy the fabulous amenities of pool and health club. Steps to waterfront, boating, beaches, train and ferry to Boston, boutique shopping, fine dining, museums and nightlife.
  1. Listed by Merry Fox Team • MerryFox Realty
  2. Listed by Betsy Merry • MerryFox Realty

Property Details for 225 Derby Street, Unit 508

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 MerryFox Realty, Merry Fox Team; MerryFox Realty, Betsy Merry

Sold By MerryFox Realty, Merry Fox Team

Add your commute
LISTING UPDATED: 05/12/2022 11:12 PM

Property Details for 225 Derby Street, Unit 508

StatusSold
MLS #72674996
Days on Market21
Taxes$7,689 / year
HOA Fees$546
Compass TypeCondo
MLS TypeCondominium/Co-Op / Condo
Year Built2004
CountyEssex County

Location

Listing Courtesy of MerryFox Realty, Merry Fox Team; MerryFox Realty, Betsy Merry

Sold By MerryFox Realty, Merry Fox Team

Add your commute

Building Information for 225 Derby Street, Unit 508

Building/ComplexSalem Waterfront Hotel & CondoFloor5Stories1Residences16Pet PolicyAllowedYear Built2004

Payment Calculator

$4,412 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,225

Property Taxes

$641

HOA Dues

$546

The Payment Calculator is for illustrative purposes only.

Property Information for 225 Derby Street, Unit 508

General Details
Property Details
  • Association Amenities: Pool, Elevator(s), Fitness Center
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, House of Worship, T-Station
  • Current Financing: Cash
  • Living Area: 1455.0
  • Total Units: 16
  • Property Attached: Yes
  • Type of Condo: Condo
  • Waterfront: Yes
  • Water View: Yes
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Gas Water Heater, Tankless Water Heater, Plumbed For Ice Maker, Utility Connections for Gas Range, Utility Connections for Gas 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: Tile, Marble, Hardwood, Wood Laminate
  • Interior Features: Intercom, Security System, Indoor Pool
  • Laundry Features: Washer Hookup
  • Other Equipment: Intercom
  • Primary Bath: Yes
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Brick
  • Entry Location: Upper
  • Exterior Features: Balcony, Professional Landscaping
  • Exterior Features: Pool - Inground, Pool - Above Ground Heated, Balcony, Professional Landscaping
  • Pool Features: Association, In Ground, Indoor, Heated
  • Roof Material: Shingle
  • Structure Type: High-Rise
  • Waterfront Features: Waterfront, Beach Front, Ocean, Harbor, 1/10 to 3/10 To Beach
  • Waterview Features: Harbor, Ocean
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Deeded
  • Parking Features: Deeded
  • Parking Features: Deeded
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Electric: Circuit Breakers, 200+ Amp Service
  • Green Energy Efficient: Thermostat
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Gas Oven, for Gas Dryer, Washer Hookup, Icemaker Connection
  • Water: Public
Room Information
Primary Bedroom
  • Room Primary Bedroom Features: Walk-In Closet(s),Flooring - Hardwood
Bedroom 2
  • Bedroom2 Features: Flooring - Hardwood
Bathroom 1
  • Bathroom1 Features: Bathroom - Full,Flooring - Stone/Ceramic Tile
Bathroom 2
  • Bathroom2 Features: Bathroom - Full,Flooring - Stone/Ceramic Tile
Kitchen
  • Kitchen Features: Flooring - Hardwood,Countertops - Stone/Granite/Solid
Living Room
  • Room Living Room Features: Flooring - Hardwood
Property Information
Property Info
  • UFFI: Unknown
  • Year Round: Yes
  • Documents Available: Master Deed, Unit Deed, Rules & Regs, Management Association Bylaws
  • Documents Count: 4
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
Tax Information
  • Tax ID: M:34 L:0446 S:909,4656125
  • Assessments: $532,100
  • Book: 36102
  • Tax Year: 2020
  • Zoning: B5
Building / Association Information
Living Characteristics
  • Beds Total: 2
  • Total Living Levels: 1
Other Building Characteristics
  • Heat Zones: 1
Complex & Association Information
  • Association Fee Includes: Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
  • Complex Name: Salem Waterfront Hotel & Condo
  • Complex Complete: Yes
  • Management: Professional - On Site
  • Units Owner Occupied: 14
  • Owner Occupied Source: Suites
  • Association Security: Intercom, TV Monitor, Security System
  • Adult Community: No
Unit Information
Unit Information
  • Unit Building: 508
  • 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 508

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 508

Taxable ValueLand-Additions$593,600Total-
Tax Record2024$6,898 ($575 / month)
Home Facts
Beds2Baths2Total Finished SqFt1,455 SqFtAbove Grade Finished SqFt1,455 SqFtLot Size39,648 SqFtStyleCondominiumYear Built2004ZoningB5CountyESSEXAPNSALE M:34 L:0446 S:909Fireplace TypeHas Fireplace

Schools near 225 Derby Street, Unit 508

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 MerryFox Realty, Merry Fox Team; MerryFox Realty, Betsy Merry

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.