CCertihomes
51 Lafayette St #610, Salem, MA 01970

$516,000

2 beds 1 baths 988 sqft Built 20034 days on marketActive

About this home

Welcome to the epitome of chic urban living in the vibrant heart of Downtown Salem at Derby Lofts, be just steps away from the picturesque waterfront, museums, restaurants, shops, cafes & nightlife. As you enter this open-concept loft you are greeted with soaring ceilings, huge windows and hardwood flrs that effortlessly blend a cool vibe to enjoy. This corner unit Penthouse boasts spectacular panoramic views as it faces westward. Granite and SS Kitchen, Central Air, In-unit laundry and ample storage are all included in this great opportunity. Professionally managed building with elevator access, Drive-thru exclusive drop off for residents only & a welcoming pet friendly association make you feel right at home! ** Open House, May 18th & 19th, 2-3:330 **

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
$5,073/mo

Real estate (PITI + HOA + PMI)
$5,235
Principal + interest$3,327
Property tax + insurance$1,308
HOA$406
PMI / 2nd mortgage$194
Utilities
$411
Heating + cooling$44
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$157
$5,073/mo TLC
Budget$5,573/mo
Remaining after TLC$500/mo
Purchase price
$516,000
Down payment
$25,800 (5%)
Loan amount
$490,200
APR
7.2%

Quick facts

Type
Condominium
Style
Year built
2003
Lot size
0.48 ac
Stories
1
Heating
Forced Air, Natural Gas
Cooling
Central Air
Water
Public
HOA
$406
Annual tax
$4,804
MLS #
73237685
County
Essex

At a glance

Air conditioning
Basement
Garage (1)
Dishwasher

Home features

Appliances
RangeDishwasherDisposalMicrowaveRefrigeratorWasherDryer
Community
Public TransportationShoppingParkHighway AccessMarinaT-StationUniversity
Parking
CommonLeased
Security
IntercomSecurity Gate
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

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MLSPIN

Listing information last refreshed 5/14/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.