CCertihomes
51 Lafayette St #604, Salem, MA 01970

$675,000

1 beds 2 baths 1,739 sqft Built 200316 days on marketActive

About this home

Derby Lofts – first ever to market, developer’s custom corner penthouse unit - 1, 739 SF +507 SF balcony / deck. Modern sophisticated loft living in downtown Salem only 5 blocks to commuter rail & 11 to Boston Harbor Ferry. Experience sweeping 270° city and water views with 10'+ ceilings, six skylights, walls of windows, tons of light. Open plan, 2 full baths, primary bath with walk-in shower and separate two-person jacuzzi. Eat-in kitchen with solid maple cabinets, granite counters, stainless steel finish kitchen appliances, exterior vented range. Large separate laundry & storage rooms, high efficiency HVAC. Building features 2 elevators, gated drive-thru and entrances from 2 streets. Also available: 1) adjoining and easily combined Unit 605 - 1, 330 SF with 205 SF balcony / deck, 2 bedrooms, 2 full baths [SEE MLS# 73232748 for combined unit package] and 2) off-site private one and two car garages. Inquire with listing broker for timing, details, and pricing. See Virtual Tour as well.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment
$6,730/mo

Real estate (PITI + HOA + PMI)
$7,168
Principal + interest$4,353
Property tax + insurance$1,912
HOA$650
PMI / 2nd mortgage$253
Utilities
$465
Heating + cooling$71
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$157
$6,730/mo TLC
Budget$7,230/mo
Remaining after TLC$500/mo
Purchase price
$675,000
Down payment
$33,750 (5%)
Loan amount
$641,250
APR
7.2%

Quick facts

Type
Condominium
Style
Year built
2003
Lot size
0.48 ac
Stories
1
Heating
Forced Air, Natural Gas, ENERGY STAR Qualified Equipment
Cooling
Central Air, ENERGY STAR Qualified Equipment
Water
Public
HOA
$650 / Monthly
Annual tax
$7,055
MLS #
73226378
County
Essex

At a glance

Air conditioning
Basement
Garage (1)
Dishwasher
Balcony

Home features

Appliances
RangeDishwasherDisposalMicrowaveRefrigeratorWasherDryerRange HoodPlumbed For Ice Maker
Interior
Finish - SheetrockInternet Available - Broadband
Exterior
Deck - WoodBalcony
Community
Public TransportationShoppingParkWalk/Jog TrailsMedical FacilityHouse of WorshipMarinaPublic SchoolT-StationUniversity
Parking
DetachedOff Street
Security
Intercom
Roof
Rubber
Sewer
Public Sewer

Neighborhood — 01970

MetricThis ZIPCountyUSA
Population39,2106,444,931299,088,112
Population Change Since199012.00%7.00%20.00%
Population Density4,803786
Male18,2943,127,134147,432,321
Female20,9163,317,797151,655,844
Never Married11,7661,612,88563,775,926
Married13,4262,586,314123,120,365
Separated1,771247,85712,639,686
Widowed2,455363,59415,467,586
Divorced3,344436,88823,075,029
Number Of House Hold17,1122,431,591111,826,380
Average House Hold Size2.232.562.60
Medial Age36.0437.2535.46
Median House Hold Income$50,078$57,698$48,276
Average House Hold Income$61,376$75,023$63,629
P C I$28,089$29,196$24,529
M D I$42,238$48,105$41,133
A T H E$50,149$57,083$50,898
S T R5.00%5.00%
W C J83.24%81.38%77.74%
(Zip) Code
1970

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Open in Google Maps →
MLSPIN

Listing information last refreshed 4/19/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.