5 Derby Square, Unit 1

Salem, MA 01970

$495,000
Last Sold Price
2
Beds
1
Bath
1
1/2 Bath
1,754 Sq. Ft.
$282 / Sq. Ft.
1,754
Sq. Ft.
$282
per Sq. Ft.

Description

Located between Essex and Front St and adjacent to the Old Town Hall and Hotel Salem, this property screams city living. Step out your door and you'll immediately feel the energy of this great city. Built in 1817 and recorded in the National Register of Historic Places, this property was once a working tavern and even has the original bar and brass fixtures still in tact! This unit has a super unique floorplan. The main level is home to both of the spacious bedrooms and tastefully designed jack and...Located between Essex and Front St and adjacent to the Old Town Hall and Hotel Salem, this property screams city living. Step out your door and you'll immediately feel the energy of this great city. Built in 1817 and recorded in the National Register of Historic Places, this property was once a working tavern and even has the original bar and brass fixtures still in tact! This unit has a super unique floorplan. The main level is home to both of the spacious bedrooms and tastefully designed jack and jill bathroom. Head downstairs through an elegant stairwell with ornate woodworking and period details to find a massive open concept kitchen/dining/living room with original brick floors that is anchored by a fully functioning wood burning fireplace! This space would be fantastic for entertaining! Also on this level is a 1/2 bath with laundry and a bonus room. If you are looking for a turn key condo in a well managed building just moments from all the action in Salem... This. Is. It!
  1. Listed by Justin Repp • Keller Williams Realty Evolution

Property Details for 5 Derby Square, Unit 1

Town
Salem
Area
MA-Salem
Style
Brownstone, Attached
Garage Spaces
1
Parking Spaces
1.00
Parking Spaces Total
2
Unit Placement
Below Grade, Street

Location

Listing Courtesy of Keller Williams Realty Evolution, Justin Repp

Sold By eXp Realty, Mike Urban

Add your commute
LISTING UPDATED: 08/08/2022 07:23 PM

Property Details for 5 Derby Square, Unit 1

StatusSold
MLS #72915061
Days on Market27
Taxes$6,561 / year
HOA Fees$490 / month
Compass TypeCondo
MLS TypeCondominium/Co-Op / Condo
Year Built1817
CountyEssex County

Location

Listing Courtesy of Keller Williams Realty Evolution, Justin Repp

Sold By eXp Realty, Mike Urban

Add your commute

Building Information for 5 Derby Square, Unit 1

Building/Complex5 Derby SquareFloor1Stories2Residences4Pet PolicyAllowedYear Built1817

Payment Calculator

$3,738 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,701

Property Taxes

$547

HOA Dues

$490

The Payment Calculator is for illustrative purposes only.

Property Information for 5 Derby Square, Unit 1

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Cash
  • Living Area: 1754.0
  • SqFt with Basement: Yes
  • Total Units: 4
  • Property Attached: Yes
  • Type of Condo: Condo
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Electric Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Dryer
  • Basement Features: Y
  • Num of Baths: 2.0
  • Num of Full Baths: 1
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 1.50
  • Bathrooms Total Integer: 2
  • FireplaceFeatures: Dining Room, Living Room
  • FireplaceYN: Yes
  • Fireplaces: 1
  • Flooring: Carpet, Hardwood, Stone / Slate, Other
  • Interior Features: Steam / Sauna, Bonus Room, Sauna/Steam/Hot Tub
  • Interior Features: Sauna/Steam/Hot Tub
  • Laundry Features: In Basement, In Unit
  • Main Level Bedrooms: 2
Exterior Features
  • Entry Location: Below Grade,Street
  • Exterior Features: Patio
  • Patio And Porch Features: Patio
  • Structure Type: Brownstone, Attached
  • Waterfront Features: Beach Front, Harbor, 1/2 to 1 Mile To Beach
Parking Features
  • Covered Spaces: 1.00
  • Garage: Yes
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Electric: 200+ Amp Service
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range, for Electric Dryer
  • Water: Public
Room Information
Primary Bedroom
  • Room Primary Bedroom Features: Bathroom - Full,Flooring - Hardwood
  • Primary Bedroom Level: Main
Bedroom 2
  • Bedroom2 Features: Bathroom - Full,Flooring - Hardwood
  • Bedroom2 Level: Main
Bathroom 1
  • Bathroom1 Features: Bathroom - Full,Bathroom - Tiled With Tub & Shower
  • Bathroom1 Level: First
Bathroom 2
  • Bathroom2 Features: Bathroom - Half
  • Bathroom2 Level: Basement
Dining Room
  • Dining Room Features: Open Floorplan,Recessed Lighting
  • Dining Room Level: Basement
Kitchen
  • Kitchen Features: Dining Area,Pantry,Open Floorplan,Recessed Lighting,Peninsula
  • Kitchen Level: Basement
Living Room
  • Room Living Room Features: Closet,Open Floorplan,Recessed Lighting
  • Room Living Room Level: Basement
Property Information
Property Info
  • Documents Available: Master Deed
  • Documents Count: 1
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Disclosures: Seller willing to leave sauna as gift. Brand new basement french drain and sump pump installed and fully transferrable life time warranty to new owner. Association allows the owner of this unit to be reimbursed for garage parking of their choice nearby.
Tax Information
  • Tax ID: M:35 L:0274 S:801,2136657
  • Assessments: $475,400
  • Book: 35765
  • Tax Year: 2021
  • Zoning: B5
Building / Association Information
Living Characteristics
  • Beds Total: 2
  • Total Living Levels: 2
Complex & Association Information
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Reserve Funds
  • Management: Owner Association
Unit Information
Unit Information
  • Unit Building: 1
  • Unit Floor Level Integer: 1.0
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 2

Property History for 5 Derby Square, Unit 1

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5 Derby Square, Unit 1

Taxable ValueLand-Additions$548,000Total-
Tax Record2024$6,368 ($531 / month)
Home Facts
Beds2Baths1.5Total Finished SqFt1,754 SqFtAbove Grade Finished SqFt1,754 SqFtStories3StyleCondominiumYear Built1900CountyESSEXAPNSALE M:35 L:0274 S:801Fireplace TypeHas Fireplace

Schools near 5 Derby Square, Unit 1

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

Bates Elementary School
PublicK to 5

Horace Mann Laboratory
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 Keller Williams Realty Evolution, Justin Repp

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.