225 Derby St UNIT 501, Salem, MA 01970

2 beds2 baths1,600 sqft Edit

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Off Market
Zestimate®: $525,626
Rent Zestimate®: $2,400/mo
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A Rent Zestimate® is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property.

My Notes

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A Wonderful Lifestyle awaits You at the Salem Waterfront Hotel, Overlooking Historic Salem Harbor. Experience this Amazing Historic City where the China and India Trade made Seafaring Salem the Envy of the World. Whether Sailing, or Pleasure Boating is your preference you can walk to your boat docked just steps away from Salem's Premier Ocean front Destination. This Home is nicely appointed with Cherry/Granite/Stainless kitchen, opening to spacious Living, Dining, Multi purpose room with Gas Fireplace and Over Sized Windows for Viewing Harbor and nearby Marblehead, and around the corner to historic downtowns and Iconic Peabody Essex Museum. Salem is not only the Hub of the North Shore; but you're just minutes to Marblehead, Manchester Gloucester, Ipswich and picturesque Country Towns! Don't forget Hotel amenities like swimming pool, workout room and room service from the restaurant and bar. You could get used to this!  More Less 

Facts

  • Condo
  • Built in 2004
  • Views: 1,867 all time views
  • HOA Fee: $43/mo
  • Heating: Forced air
  • Last sold: Mar 2005 for $749,000

Additional Features

  • ADULT_COMMUNITY: No
  • AMENITIES: Medical Facility
  • AMENITIES: Public Transportation
  • AMENITIES: Shopping
  • AMENITIES: Swimming Pool
  • APPLIANCES: Dishwasher
  • APPLIANCES: Disposal
  • APPLIANCES: Dryer
  • APPLIANCES: Microwave
  • APPLIANCES: Range
  • APPLIANCES: Refrigerator
  • APPLIANCES: Wall Oven
  • APPLIANCES: Washer
  • ASSOC_SECURITY: Intercom
  • ASSOC_SECURITY: TV Monitor
  • BEACH_DESCRIPTION: Harbor
  • BEACH_DESCRIPTION: Ocean
  • BEACH_MILES_TO: 1/10 to 3/10
  • BEACH_OWNERSHIP: Public
  • BEACHFRONT_FLAG: Yes
  • BED2_DSCRP: Flooring - Hardwood
  • BED2_LEVEL: First Floor
  • BTH1_DSCRP: Bathroom - Full
  • BTH1_DSCRP: Flooring - Stone/Ceramic Tile
  • BTH1_LEVEL: First Floor
  • BTH2_DSCRP: Bathroom - Full
  • BTH2_DSCRP: Flooring - Stone/Ceramic Tile
  • BTH2_LEVEL: First Floor
  • COMPLEX_COMPLETE: Yes
  • CONSTRUCTION: Brick
  • COOLING: Central Air
  • DIN_LEVEL: First Floor
  • ELECTRIC_FEATURE: 200 Amps
  • ELECTRIC_FEATURE: Circuit Breakers
  • ENERGY_FEATURES: Insulated Windows
  • ENERGY_FEATURES: Prog. Thermostat
  • ENTRY_ONLY: No
  • EXTERIOR: Brick
  • EXTERIOR_UNIT_FEATURES: Balcony
  • EXTERIOR_UNIT_FEATURES: Storage Shed
  • FLOORING: Laminate
  • FLOORING: Tile
  • FLOORING: Wood
  • HEATING: Forced Air
  • HEATING: Gas
  • HOT_WATER: Natural Gas
  • HOT_WATER: Tankless
  • HOW_SHOWN_BB: Call List Agent
  • HOW_SHOWN_FB: Call List Agent
  • INSULATION_FEATURE: Blown In
  • INSULATION_FEATURE: Full
  • INSULATION_FEATURE: Styrofoam
  • INTERIOR_FEATURES: Cable Available
  • KIT_DSCRP: Countertops - Stone/Granite/Solid
  • KIT_DSCRP: Flooring - Hardwood
  • KIT_LEVEL: First Floor
  • MASTER_BATH: Yes
  • MBR_DSCRP: Closet - Walk-in
  • MBR_DSCRP: Flooring - Hardwood
  • MBR_LEVEL: First Floor
  • PETS_ALLOWED: Yes
  • PROP_TYPE: Condominium/Coop
  • ROOF_MATERIAL: Asphalt/Fiberglass Shingles
  • STYLE: Mid-Rise
  • UNIT_PLACEMENT: Upper
  • UTILITY_CONNECTIONS: for Gas Dryer
  • UTILITY_CONNECTIONS: for Gas Oven
  • UTILITY_CONNECTIONS: for Gas Range
  • UTILITY_CONNECTIONS: Icemaker Connection
  • YEAR_ROUND: Yes

Construction

  • Exterior material: Brick
  • Roof type: Asphalt
  • Room count: 4
  • Unit count: 16

Other

  • Floor size: 1,600 sqft
  • Parcel #: M:34 L:0446 S:902
  • Unit floor #: 5
  • Zillow Home ID: 68008646

Zestimate Details

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$525,626
+$7,854 Last 30 days
$457K
$589K
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$2,400/mo
-$23 Last 30 days
$1.9K
$2.8K
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Improve This Home's Value

The right home project can make a significant impact to your home value! Compare average project costs in your area with estimated increases to your home value.

The return values below are estimates based on the region, home facts, and past sales data. Your situation may vary based on current finish level of the room, changing style trends, depreciation, and how much of the project budget is invested in structural changes vs. functional/cosmetic improvements.

Mid-Range Minor Kitchen Remodel

  • Mid-Range Minor Kitchen Remodel

  • + 16.9K VALUE
  • Project cost: $20,359
  • See kitchen ideas

Mid-Range Bathroom Remodel

Mid-Range Major Kitchen Remodel

  • Mid-Range Major Kitchen Remodel

  • + 19.8K VALUE
  • Project cost: $59,476
  • See kitchen ideas

Popularity on Zillow

If this home is listed on Zillow, it will reach the largest real estate network on the web.*
1,867 all-time views
of this home (chart)
316 forecasted views of this home
in the first 7 days after listing for sale
(28 views if listed for rent)

Comparable Homes

Homes like this sold for $340-430K.

$290K
$480K

Mortgages

Neighborhood: 01970

Zillow predicts 01970 home values will rise 0.2% next year, compared to a 0.3% rise for Salem as a whole. Among 01970 homes, this home is valued 81.9% more than the midpoint (median) home, and is valued 71.7% more per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 01970, the number of foreclosures waiting to be sold is 2.9% greater than in Salem, and 66.7% lower than the national average. This higher local number may prevent 01970 home values from rising as quickly as other regions in Salem.
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Nearby

    For Sale

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    Rentals

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    Other Units in this Building (13)ZestimateBedsBathsSqft
    Unit 504$456K221,460
    Unit 503$416K11.51,151
    Unit 502$418K221,325
    Unit 507$525K221,606
    Unit 508$480K221,455
    Unit 604$456K221,460
    Unit 606$450K221,346
    Unit 602$435K221,325
    Unit 603$416K11.51,151
    Unit 601$529K221,600
    Unit 607$525K221,606
    Unit 608$476K221,455
    Unit 506$417K221,346

    Nearby Schools in Salem

    GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org