Under Agreement

74 Derby St Unit 1, Salem, MA

Salem · MA 01970

$499,900
Price
1
Beds
1
Baths
1400
Sq. ft.

Overview

Property type: Condominium
HOA: HOA: $250 / mo
HOA Fees Include
Water, Master Insurance, Exterior Maintenance
Special Assessment
No
Floor: 1st floor
Pets: Pets (Restrictions)
Parking: 2 Off Street Spaces
Heating & cooling: Heat, Gas, Window AC
Laundry: In Unit Laundry
Outdoor space: Common Outdoor

About this home

Welcome to 74 Derby Street, Unit 1! This beautifully renovated condominium, located in the Derby Waterfront District, offers the perfect blend of character, style, and convenience, presenting much larger than its one-bedroom designation, with flexible living spaces throughout. The heart of the home is a stunning, well appointed kitchen, featuring stainless appliances, leathered granite counters, a charming banquet seating area, and an open-concept layout that flows seamlessly into a large living and entertaining space. The first-floor is also home to a nicely sized bedroom with generous closet space, which is complemented by an updated full bathroom and a modern office space. Downstairs, discover a substantial additional finished living area that offers incredible flexibility as a primary suite-style retreat, family room, guest space or home gym. Outside, enjoy a protected patio area with room for grilling and two parking spaces. This home puts the very best of Salem right outside your door—restaurants, shops, history, culture, waterfront, the Willows, and all the energy this vibrant city has to offer within a mile radius! Salem Ferry Landing is right around the corner and Collins Cove Beach is 1/2 mile stroll. A rare opportunity to own a spacious, stylish, and thoughtfully updated home in one of Salem's most desirable locations: across from green space, on the bike path, with easy access at ALL times of the year and sneak peeks of the water in winter! Fun fact...Salem residents get reduced rates on the Ferry, and free access to the Salem Museums! Please text when emailing.

Neighborhood & Transit

74 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:
54 days
Listing Price:
$499,900
Price per Sq.Ft:
$357
Tax Assessment:
$484,900 in 2026
Taxes:
$436 / Monthly
HOA Fee:
$250 / Monthly

Home Facts

Where is the Unit in the building?

Unit Placement
1st | Ground
Elevator
No
Handicap Access
Unknown

Interior Features

Bedrooms
1
Full Bathrooms
1
Half Bathrooms
0
Living Area
1,400 Sq.Ft (Includes Basement)
Broker Disclosure about Living Area
All Measurements Approx. Lower level Primary is not a legal bedroom - window not sized for egress.
Kitchen
Main Floor, Open Floor Plan, Peninsula, Upgraded Cabinets, Gas Stove, Stainless Steel Appliances, Eat-in Kitchen, Custom Built Cabinets, Stone Countertops, Flooring - Hardwood, Main Level, Exterior Access, Recessed Lighting, Remodeled, Lighting - Pendant, Decorative Molding, Dishwasher, Range, Garbage Disposal, Microwave, Refrigerator, Washer, Dryer
Primary Bedroom
Basement, Remodeled, Closet, Ceiling - Beamed, Flooring - Vinyl
Laundry
In Unit, Basement
Living levels
2
Rooms
5
Above grade area
1000
Flooring
Tile, Vinyl, 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
Yes - Common
Features
Patio

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
2 Parking Spaces, Off-Street, Tandem

Home Owner Association information

Restrictions
Smoking - In Units
HOA
$250 / Monthly
HOA Includes
Water, Master Insurance, Exterior Maintenance
Special Assessment
No
Pets allowed
Yes w/ Restrictions
Pet restrictions
Breed Limitations (See Remarks)
Association pool
No

Room details

Living room level
First Floor
Living room dimensions
17'1X20'8
Living room features
Flooring - Hardwood, Main Level, Exterior Access, Open Floor Plan, Remodeled, Lighting - Overhead
Dining room level
First Floor
Dining room dimensions
12'6X5'2
Dining room features
Closet/Cabinets - Custom Built, Flooring - Hardwood, Main Level, Chair Rail, Exterior Access, Open Floor Plan, Remodeled, Lighting - Overhead, Decorative Molding
Kitchen dimensions
12'6X10'7
Primary bedroom dimensions
21'1X13'8
Bedroom 2 level
First Floor
Bedroom 2 dimensions
11'9X14
Bedroom 2 features
Closet/Cabinets - Custom Built, Flooring - Vinyl, Main Level, Chair Rail, Remodeled
Bathroom 1 level
First Floor
Bathroom 1 dimensions
7'7X7'3
Bathroom 1 features
Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Main Level, Cabinets - Upgraded, Lighting - Sconce

Listing information

Listing agent
Tracey Hutchinson
Listing office
Churchill Properties
MLS PIN #
73574904
Disclosure
All measurements are approximate. Office space is currently used as playroom. Lower level Primary (listed as Main bedroom) is not a legal bedroom as window is not properly sized for egress. Please TEXT Sarah for showings and when emailing offers.
Disclosure
All Measurements Approx. Lower level Primary is not a legal bedroom - window not sized for egress.