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51 Lafayette Street Unit 304

Salem, MA 01970

2 beds
2 baths
1,620 sqft
~1/2 acre lot
$363 per sqft
2003 build
– on site

Fabulous sunny, southeast side, corner unit with water views! Experience modern luxury living at its finest at the Derby Lofts Condos located on Lafayette Street in beautiful historic Salem. Enjoy easy living with two bedrooms, two bathrooms in an open layout with new appliances and an updated primary bath. Walls of glass and picture window overlook Derby Street and the South River Canal. The building provides two high-speed elevators for convenience and specialty shops, boutiques, and restaurants on the first floor, but there’s also plenty of shopping and dining options nearby. For commuters, the complex is in close proximity to commuter rail and the Boston Harbor Ferry. Unit comes with two parking passes to the municipal Harbor Street garage.

Listing courtesy of MLSPIN / Sophie Soman / LandVest, Inc., Manchester -by-the-Sea

Last checked: Checking… • Last updated Jun 7, 2025 •

MLS# 73387368 —

The Building

Year Built:

2003
Year Built Details:

Actual
Year Built Source:

Public Records
Building Name:

Derby Lofts
Structure Type:

High-Rise
Construction Materials:

Stone
Entry Level:

3
Common Walls:

Corner
Roof:

Shingle
Basement:

N
Exterior Features:

City View(s)
Unit Number:

304
Stories Total:

1
Stories:

1
# of Units Total:

54
Building Area Total:

1620
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

4
Interior Features:

Elevator
Living Room Level:

Third
Kitchen Level:

Third
Dining Room Level:

Third
Flooring:

Wood
Fireplace:

false
Laundry Features:

Third Floor

Room Dimensions

Living Area:

1620
Living Area Source:

Public Record

Location

Directions:

Corner of Derby Street and Lafayette Street
Latitude:

42.515788
Longitude:

-70.892921

The Property

Parcel Number:

M:34 L:0485 S:815,4656130
Property Type:

Residential
Property Subtype:

Condominium
Property Attached:

true
Lot Size Units:

Acres
Lot Size Area:

0.48
Lot Size SqFt:

20752
Lot Size Acres:

0.48
Zoning:

B5
View:

City
View:

true
Waterview:

Yes
Exclusions:

None
Waterview Features:

Harbor
Waterfront:

false
Waterfront Features:

Beach Front
Farm Land Area Units:

Square Feet

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Book Number:

36934
Tax Annual Amount:

5855
Tax Assessed Value:

516300

Beds

Bedrooms Total:

2
Master Bedroom Level:

Third
Bedroom 2 Level:

Third

Baths

Total Baths:

2
Total Baths:

2
Full Baths:

2
Bathroom 1 Level:

Third
Bathroom 2 Level:

Third
Master Bath Features:

Yes

The Listing

Home Warranty:

false

Heating & Cooling

Heating:

Forced Air
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Range

The Community

Senior Community:

false
Community Features:

Public Transportation
Spa:

false
Pets Allowed:

Yes
Association Amenities:

Elevator(s)
Association Fee:

500.73
Association Fee Includes:

Water
Association Fee Frequency:

Monthly

Parking

Garage:

true
Attached Garage:

false
Garage Spaces:

2
Carport:

false
Parking Total:

2
Parking Features:

Detached
Covered Spaces:

2

Monthly cost estimate

Asking price

$589,000

Expense	Monthly cost
Mortgage	$3,153
Taxes	$487
Insurance	$161
HOA fees	$501
Utilities	$188 See report
Total	$4,490/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
6/7/25 Jun 7, 2025	Listed / Active	MLSPIN	$589,000

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This condo located in South Salem, Salem, MA 01970 is currently for sale for $589,000. 51 Lafayette Street Unit 304 is a 1,620 square foot condo with 2 beds and 2 baths that has been on Estately for 0 days. 51 Lafayette Street Unit 304 is in the South Salem neighborhood of Salem. This condo is in the attendance area of Horace Mann Laboratory School, Witchcraft Heights Elementary School, Salem High School, Bates Elementary School, Nathaniel Bowditch School, Collins Middle School, Bentley Elementary School, Saltonstall School, and Carlton Elementary School.

Listing Courtesy of: MLSPIN and LandVest, Inc., Manchester -by-the-Sea.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.