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$799,900

114 Derby St Unit 2 Salem, MA 01970

2 beds
2 full, 1 partial
1,342 sqft
0.3 acres
$596 / sqft
Condo

Property details

About 114 Derby St Unit 2

Welcome to 114 Derby Street Unit 2, a beautifully renovated 2-bed, 2.5-bath condo in one of Salem’s most desirable waterfront neighborhoods. Located in a restored Federal-style mansion, this home offers stylish single-level living with a perfect mix of modern finishes and historic charm. The open-concept layout features a sleek kitchen with quartz countertops and stainless appliances, flowing into a comfortable living and dining space with a cozy gas fireplace. Central A/C ensures year-round comfort. The spacious primary suite includes a walk-in closet and a well-appointed en suite bath. A second bedroom, full guest bath, and half bath offer great flexibility. Front and rear private entrances add convenience, and there's just enough outdoor space for a grill or bistro table. A spacious unfinished basement offers excellent storage and future living space. Enjoy vibrant, historic Salem in your own backyard—Showings begin at the open house. See offer instructions.

Highlights

Home typeCondominium
HeatingForced Air, Natural Gas
StatusActive
(New)
CoolingCentral Air
Size1,342 sqft
Lot size0.29 Acres
Year built1950
ParkingOff Street, Deeded
MLS #73405795

Summary

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Flooring Type: Tile, Hardwood
  • Total Bedroom Count: 2
  • Parking: Off Street, Deeded
  • Exterior: Deck
  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • List Price: $799,900
  • Price/SqFt: $596
  • HOA Amount: $331 Monthly
  • Annual Tax Amount: $8,679
  • Tax Year: 2024
  • Directions: On Derby St directly across from the House of Seve Gables
  • Year Built: 1950
  • Stories: 2
  • Living Area: 1,342 SqFt
  • Lot Size: 0.29 Acres
  • MLS Number: 73405795
  • MLS Name: MLS Property Information Network
  • Office Name: Keller Williams Realty Evolution
  • Office Phone: (978) 887-3995
  • Listing Agent: Joyce Sullivan

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/18/2025, 10:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2024$746,900$8,679
2023$661,500$8,275
2022$570,900$7,564
2021$542,700$7,489
2020$504,300$7,287
2019$485,100$7,325

History based on county public records data.

Nearby schools

3

Bentley Academy Innovation School

Public District KG-5

0.4 mi

25 Memorial Dr

4

Carlton

Public District KG-5

0.7 mi

10 Skerry St

5

Bates

Public District KG-5

1.4 mi

53 Liberty Hill Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $59,302. Most Salem, MA residents have annual incomes between $35k-100k. Most families are single, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

35%
<35k
42%
35k-100k
14%
100k-200k
9%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

61%
Single, No Kids
9%
Single, with Kids
20%
Married, No Kids
10%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

11%
<11 yrs old
4%
12-17 yrs old
30%
18-34 yrs old
48%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • Continuing Education CoursesContinuing Education Courses
  • Yoga/pilatesYoga/pilates
  • Symphony or OperaSymphony or Opera

Where do the neighbors shop?

  • Express/Express For MenExpress/Express For Men
  • H&MH&M
  • Chico'sChico's

Where do the neighbors go to eat?

  • QdobaQdoba
  • Dominos PizzaDominos Pizza
  • Boston MarketBoston Market

What do the neighbors drive?

  • VolkswagenVolkswagen
  • AudiAudi
  • VolvoVolvo

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • AlternativeAlternative
  • Talk/PersonalityTalk/Personality
All data provided by Home Junction and Claritas

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Frequently asked questions

About 114 Derby St Unit 2

The listing price of 114 Derby St Unit 2 property is $799,900.

The property 114 Derby St Unit 2 is a condo located in Salem, Massachusetts, 01970.

Active Listing: 114 Derby St Unit 2 is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 114 Derby St Unit 2 are: Bentley Academy Innovation School (GreatSchools Rating 3/10), Carlton (GreatSchools Rating 4/10), Bates (GreatSchools Rating 5/10), Saltonstall School (GreatSchools Rating 3/10), Collins Middle School (GreatSchools Rating 3/10), Marblehead Community Charter Public School (GreatSchools Rating 5/10), Salem Academy Charter School (GreatSchools Rating 6/10), New Liberty Innovation School (GreatSchools Rating 1/10), Salem High School (GreatSchools Rating 3/10).

According to the records, the last property tax for 2024 is $8,679 (source: MLS/based on county public records data).

The property at 114 Derby St Unit 2 has 2 bedrooms and 2 full and 1 half bathrooms.

The property 114 Derby St Unit 2 is 1,342 SqFt (source: MLS/tax record).

The year of construction for 114 Derby St Unit 2 is 1950.

This home is located at 114 Derby St Unit 2 in Salem, MA and zip code 01970. This 1,342 square foot home, which was built in 1950, sits on a 0.29 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 17, 2025 and is currently priced at $799,900.

While more than 24 listings in Salem, MA in June 2025 were sold above asking price, there were more than 2 listings sold at asking price, and more than 17 were sold below. The inventory of homes for sale in Salem, MA between May and June 2025 increased by 5%. The median list price of listings available in June 2025 was $605,000, while the average time on the real estate market was 24 days.

From Rocket Homes Real Estate and based on county public records data.

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