#73387704, Catherine Ratcliffe, Listing office: Homesmart Success Realty
Property details
About 51 Lafayette St Unit 506
Spectacular light, beautiful views, soaring ceilings, and so much more is what you get with this 5th floor unit at the Derby Lofts, in the heart of downtown Salem! Gaze out to water views on the South River Canal, experience ease of commute with proximity to the Commuter Rail and Boston Harbor Ferry. Dine at Bernadette, Adriatic, Howling Wolf, and so many more restaurants and shops that are in such close proximity. The open airy floorplan is both dramatic yet functional. A large living/dining space can accommodate ample furniture, formal dining and more. The fully applianced kitchen with newer stainless steel appliances, granite counters and wood cabinetry is comfortable for those days when not dining out! A large bonus room is ideal for an office or additional storage. The laundry room holds a full sized washer/dryer. Both bedrooms boast large picture windows, generous closets, including a walk in for the primary. 2 elevators, central AC, pet friendly and gated drive thru for drop off
Highlights
Home typeCondominium
HeatingForced Air
StatusActive
CoolingCentral Air
Size1,510 sqft
Year built2003
MLS #73409350
Garage2 spaces
Summary
- Full Bathrooms: 2
- Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
- Flooring Type: Wood
- Total Bedroom Count: 2
- Garage Space: 2 spaces
- Heating: Forced Air
- Cooling: Central Air
- List Price: $570,000
- Price/SqFt: $377
- HOA Amount: $471 Monthly
- Annual Tax Amount: $5,939
- Tax Year: 2024
- Directions: Corner of Lafayette and Derby St in the heart of downtown Salem
- Year Built: 2003
- Stories: 1
- Living Area: 1,510 SqFt
- MLS Number: 73409350
- MLS Name: MLS Property Information Network
- Office Name: Keller Williams Realty Boston-Metro | Back Bay
- Office Phone: (617) 542-0012
- Listing Agent: Jennifer Gelfand
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: 7/28/2025, 7:45:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 04, 2018 | Home Sold | $445,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $511,100 | $5,939 |
| 2023 | $497,100 | $6,219 |
| 2022 | $455,300 | $6,033 |
| 2021 | $426,900 | $5,891 |
| 2020 | $426,100 | $6,157 |
| 2019 | $399,300 | $6,029 |
History based on county public records data.
Nearby schools
4
Carlton
Public District KG-5
0.8 mi
•10 Skerry St
3
Bentley Academy Innovation School
Public District KG-5
0.9 mi
•25 Memorial Dr
1
Horace Mann Laboratory
Public District KG-5
1.2 mi
•79 Willson St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $74,799. The most common annual income of people living in Salem, MA is between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
24%
<35k
47%
35k-100k
28%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
74%
Single, No Kids
3%
Single, with Kids
17%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
2%
12-17 yrs old
32%
18-34 yrs old
40%
35-64 yrs old
20%
65+ yrs old
What do the neighbors do for fun?
Yoga/pilates
Symphony or Opera
Continuing Education Courses
Where do the neighbors shop?
H&M
Chico's
Express/Express For Men
Where do the neighbors go to eat?
Dominos Pizza
Boston Market
Qdoba
What do the neighbors drive?
Audi
Volvo
Volkswagen
What do the neighbors listen to?
Alternative
Talk/Personality
Urban Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 51 Lafayette St Unit 506
The listing price of 51 Lafayette St Unit 506 property is $570,000.
The property 51 Lafayette St Unit 506 is a condo located in Salem, Massachusetts, 01970.
Active Listing: 51 Lafayette St Unit 506 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 51 Lafayette St Unit 506 are: Carlton (GreatSchools Rating 4/10), Bentley Academy Innovation School (GreatSchools Rating 3/10), Horace Mann Laboratory (GreatSchools Rating 1/10), Saltonstall School (GreatSchools Rating 3/10), Collins Middle School (GreatSchools Rating 3/10), Marblehead Community Charter Public School (GreatSchools Rating 5/10), New Liberty Innovation School (GreatSchools Rating 1/10), Salem Academy Charter School (GreatSchools Rating 6/10), Salem High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $5,939 (source: MLS/based on county public records data).
The last sale was on June 4, 2018 for $445,000 (source: MLS/tax record).
The property at 51 Lafayette St Unit 506 has 2 bedrooms and 2 bathrooms.
The property 51 Lafayette St Unit 506 is 1,510 SqFt (source: MLS/tax record).
The year of construction for 51 Lafayette St Unit 506 is 2003.
This home is located at 51 Lafayette St Unit 506 in Salem, MA and zip code 01970. This 1,510 square foot home was built in 2003. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 25, 2025 and is currently priced at $570,000.
Over 24 listings were sold over their listed price in June 2025 in Salem, MA. In the same period over 17 listings were sold below the listed price and 2 listings were sold for the listed price. The number of listings in Salem, MA increased by 5% between May and June 2025. Listings spent 24 days on the market in June 2025, and had a median list price of $605,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.