$725,000
$749,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,520 SqFt
SOLD DATE : 10/17/2025
Key Details
Sold Price $725,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,520 sqft
Price per Sqft $476
MLS Listing ID 73426999
Sold Date 10/17/25
Bedrooms 2
Full Baths 2
HOA Fees $558/mo
Year Built 2003
Annual Tax Amount $6,635
Tax Year 2025
Lot Size 0.480 Acres
Acres 0.48
Property Sub-Type Condominium
Property Description
Derby Lofts rare 1,520± SF corner penthouse with 161± SF private balcony in Downtown Salem, just 5 blocks to commuter rail and minutes to the Boston Harbor Ferry. Enjoy the best sunsets in Salem from soaring 10'+ ceilings, dramatic windows, and sweeping city views. A 2024 kitchen renovation features new appliances, maple butcher block counters, a soapstone wet zone with custom sink, open shelving, custom cabinetry with pull-outs, exposed brick, and industrial lighting. Living/dining area with floor-to-ceiling custom bookcase and ladder. Primary suite with 2023 spa-inspired bath—walk-in shower, marble hex tile, new vanity, fixtures, and lighting—plus lime-washed brick accent, chandelier reading nook, and electric fireplace. Balcony with new decking. Building amenities include 2 elevators, skylit atrium, and secure entry. Two covered garage parking spaces available by lease (first-come, first-served). Shops, dining, PEM, waterfront, and arts venues at your doorstep.
Location
State MA
County Essex
Zoning B5
Direction Use GPS - Awning says Derby Lofts
Rooms
Basement N
Interior
Interior Features Internet Available - Unknown, Elevator
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Tile
Appliance Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Laundry In Unit, Gas Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Deck, Balcony, City View(s)
Garage Spaces 2.0
Community Features Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, House of Worship, Marina, Public School, T-Station, University
Utilities Available for Gas Range, for Electric Oven, for Gas Dryer, Washer Hookup
Waterfront Description Harbor,1 to 2 Mile To Beach,Beach Ownership(Public)
View Y/N Yes
View City
Roof Type Rubber
Total Parking Spaces 2
Garage Yes
Building
Story 1
Sewer Public Sewer
Water Public
Others
Pets Allowed Yes
Senior Community false
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Bought with Beth Jacobs • Coldwell Banker Realty - Marblehead
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