For Sale

131 Derby St Unit 1R, Salem, MA

Salem · MA 01970

$449,900
Price
2
Beds
1
Baths
813
Sq. ft.

Overview

Property type: Condominium
HOA: HOA: $375 / mo
HOA Fees Include
Heat, Water, Sewer, Master Insurance, Exterior Maintenance, Landscaping, Snow Removal, Refuse Removal
Special Assessment
No
Floor: 1st floor
Pets: Pet Friendly
Parking: No Parking
Heating & cooling: Heat, Gas, Window AC
Laundry: In Unit Laundry & Common Laundry

About this home

Location, location, location! This beautiful two-bedroom condo puts you right in the heart of historic downtown Salem, just steps from the Harbor, the House of the Seven Gables, the Peabody Essex Museum, fabulous restaurants, coffee shops, ice cream and gelato shops and an inviting mix of unique boutiques, specialty shops and local businesses. Enjoy the best of both worlds, where Salem’s rich history uniquely meets the energy and convenience of modern downtown living. Move-in ready and filled with charm, this inviting home features two bedrooms with ample closet space, a recently renovated full bath, and beautiful hardwood floors throughout. High ceilings add to the light and airy feel as well as the spacious, updated eat-in kitchen offering abundant cabinetry, granite countertops, stainless steel appliances, an island for additional prep space and a spot to enjoy a meal as well as an open flow into the living area. Additional amenities include a fire sprinkler system for added peace of mind, basement laundry and dedicated storage, plus the option for laundry hookups in the kitchen. Pets are welcome! The reasonable condo fee includes heat, water, and sewer, and convenient on-street permit parking is available for owners. With a quick closing possible, you could be enjoying everything downtown Salem has to offer in no time!

Neighborhood & Transit

131 Derby St, Salem · MA 01970

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

No subway or commuter rail stations within 0.5 mile.

Price Insight

Days on Market:
47 days
Listing Price:
$449,900
Price per Sq.Ft:
$553
Tax Assessment:
$439,500 in 2026
Taxes:
$395 / Monthly
HOA Fee:
$375 / Monthly

Home Facts

Where is the Unit in the building?

Unit Placement
1st | Back
Elevator
Unknown
Handicap Access
Unknown

Interior Features

Bedrooms
2
Full Bathrooms
1
Half Bathrooms
0
Living Area
813 Sq.Ft
Kitchen
Main Floor, Stainless Steel Appliances, Kitchen Island, Stone Countertops, Flooring - Hardwood, Recessed Lighting, Washer Hookup, Lighting - Pendant, Dishwasher, Range, Microwave, Refrigerator, Washer, Dryer
Primary Bedroom
Main Floor, Closet, Ceiling Fan(s), Flooring - Hardwood
Laundry
In Building, In Unit, Basement
Living levels
1
Rooms
4
Above grade area
813
Flooring
Tile, Hardwood
Lead paint
Unknown

Utilities

Heating Type
Hot Water Baseboard, Gas
Heating Zone
Unknown
Cooling
Window AC
Cooling Zones
Unknown
Water
City/Town Water
Sewer
City/Town Sewer
Electric Features
Unknown

Exterior Features

Outdoor Space
Unknown
Features
Porch

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
None, On Street Permit

Home Owner Association information

Restrictions
Unknown
HOA
$375 / Monthly
HOA Includes
Heat, Water, Sewer, Master Insurance, Exterior Maintenance, Landscaping, Snow Removal, Refuse Removal
Special Assessment
No
Pets allowed
Yes
Association pool
No

Room details

Living room level
First Floor
Living room features
Ceiling Fan(s), Flooring - Hardwood, Open Floor Plan
Bedroom 2 level
First Floor
Bedroom 2 features
Ceiling Fan(s), Closet, Flooring - Hardwood
Bathroom 1 level
First Floor
Bathroom 1 features
Bathroom - Full, Flooring - Stone/Ceramic Tile

Listing information

Listing agent
Rita Patriarca
Listing office
RE/MAX Encore
MLS PIN #
73579110
Disclosure
All appliances left as gifts. Two window air conditioners are negotiable as well as decorative shelving in the living room and bedroom. Main bedroom door can be replaced (modified for cats).

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