NOT LISTED FOR SALE

225 Derby St Unit 602 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $612,000 - $747,000

2 Beds
2 Baths
1,325 Sq Ft
$512/Sq Ft Est. Value

Last Sold September 10, 2021

Last sale price $629,000 $475 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,345/month

About This Home

As of September 2021

Stunning 2 bed, 2 bath updated penthouse condo for rent in the Salem Waterfront Hotel. The unit comes with one assigned parking spot, in unit laundry, and beautiful vaulted ceilings. Amenities include exercise room, heated pool, and restaurant! This location can't be beat being close to the train and only a half mile to the water taxi that brings you to Boston. It's also located in the heart of Salem, next to the waterfront and close to restaurants. Entrance to condo is on the side, please don't enter through the hotel.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2021
Closed on
Aug 30, 2021
Sold by
Mosher Constance O
Bought by
Taljic Ernes
Seller's Agent
Dina Kahriman
Dina's Realty, LLC
Buyer's Agent
Dina Kahriman
Dina's Realty, LLC
Sold Price
$3,000
Current Estimated Value
$678,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$675,216
Avg. Annual Appreciation
2.10%

Purchase Details

Listed on
Jul 11, 2018
Closed on
Oct 16, 2018
Sold by
Harvey Michael J and Tang Yuhong
Bought by
Mosher Constance O
Seller's Agent
Paula DAngelo-Pickett
Coldwell Banker Realty - Marblehead
Buyer's Agent
Michael Malkin
Redfin Corp.
List Price
$539,900
Sold Price
$500,000
Premium/Discount to List
-$39,900
-7.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.24%
Original Mortgage
$150,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2010
Sold by
Harvey Michael J
Bought by
Harvey Michael J and Tang Yuhong

Purchase Details

Closed on
May 20, 2010
Sold by
Hsbc Bank Usa
Bought by
Harvey Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Interest Rate
5.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2008
Sold by
Hsbc Bank Usa
Bought by
Hsbc Bank Usa

Purchase Details

Closed on
Feb 1, 2006
Sold by
Derby & Congress St Rt
Bought by
Keenan Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Taljic Ernes $629,000 None Available
Mosher Constance O $500,000 --
Harvey Michael J -- --
Harvey Michael J $301,000 --
Hsbc Bank Usa $328,755 --
Keenan Susan $455,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mosher Constance O $150,000
Previous Owner Keenan Susan $221,000
Previous Owner Keenan Susan $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2021 09/24/21 Rented -- -- --
09/17/2021 09/17/21 For Rent $3,000 0.0% --
09/10/2021 09/10/21 Sold $629,000 0.0% $475 / Sq Ft
07/28/2021 07/28/21 Pending -- -- --
07/21/2021 07/21/21 For Sale $629,000 +25.8% $475 / Sq Ft
10/16/2018 10/16/18 Sold $500,000 -7.4% $377 / Sq Ft
08/10/2018 08/10/18 Pending -- -- --
07/11/2018 07/11/18 For Sale $539,900 0.0% $407 / Sq Ft
02/06/2018 02/06/18 Rented $2,500 0.0% --
01/02/2018 01/02/18 For Rent $2,500 -- --

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,807 $600,300 $0 $600,300
2024 $6,767 $582,400 $0 $582,400
2023 $7,213 $576,600 $0 $576,600
2022 $6,781 $511,800 $0 $511,800
2021 $7,063 $511,800 $0 $511,800
2020 $7,192 $497,700 $0 $497,700
2019 $6,726 $445,400 $0 $445,400
2018 $6,612 $429,900 $0 $429,900
2017 $6,671 $420,600 $0 $420,600
2016 $6,542 $417,500 $0 $417,500
2015 $6,841 $416,900 $0 $416,900
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Michael Malkin

    Redfin Corp.

    Section Image
  • Dina Kahriman

    Seller's Agent in 2021

    Dina Kahriman

    Dina's Realty, LLC

    (781) 656-5156

    1 in this area

    44 Total Sales

    Dina Kahriman
    Section Image
  • Paula DAngelo-Pickett

    Seller's Agent in 2018

    Paula DAngelo-Pickett

    Coldwell Banker Realty - Marblehead

    (781) 913-6663

    126 Total Sales

    Paula DAngelo-Pickett
    Section Image
  • Christine Tierney

    Seller's Agent in 2018

    Christine Tierney

    Compass

    (612) 860-6446

    96 Total Sales

    Christine Tierney
    Section Image
  • Trisha Bowen

    Buyer's Agent in 2018

    Trisha Bowen

    RE/MAX

    (508) 259-4692

    30 Total Sales

    Trisha Bowen
    Section Image
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Map

Massachusetts Essex County Salem 01970 Downtown Salem

225 Derby St Unit 602, Salem, MA

Homes for Sale in Salem, MA

This home is located at 225 Derby St Unit 602, Salem, MA 01970 and is currently estimated at $678,216, approximately $511 per square foot. 225 Derby St Unit 602 is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.