Home Homes for Sale 131 Derby St # 1R, Salem MA 01970
Price cut: $20K

$449,900
$553/sqft · Salem, MA
2Beds
1Baths
813Sqft
0.23 acresLot Size
131 Derby St # 1R, Salem MA 01970
Active Listed 17 days ago
Condominium Built in 1900 0.23 Acre Lot

What's Special

CondominiumBuilt in 1900Price ReducedYes

Location, location, location! This beautiful two-bedroom condo puts you right in the heart of historic downtown Salem, just steps from the Harbor, the House of the Seven Gables, the Peabody Essex Museum, fabulous restaurants, coffee shops, ice cream and gelato shops and an inviting mix of unique boutiques, specialty shops and local businesses. Enjoy the best of both worlds, where Salem’s rich history uniquely meets the energy and convenience of modern downtown living. Move-in ready and filled with charm, this inviting home features two bedrooms with ample closet space, a recently renovated full bath, and beautiful hardwood floors throughout. High ceilings add to the light and airy feel as well as the spacious, updated eat-in kitchen offering abundant cabinetry, granite countertops, stainless steel appliances, an island for additional prep space and a spot to enjoy a meal as well as an open flow into the living area. Additional amenities include a fire sprinkler system for added peace of mind, basement laundry and dedicated storage, plus the option for laundry hookups in the kitchen. Pets are welcome! T he reasonable condo fee includes heat, water, and sewer, and convenient on-street permit parking is available for owners. With a quick closing possible, you could be enjoying everything downtown Salem has to offer just in time for the Halloween festivities!

Location

Property Details

Core Details

Property TypeCondominium
Year Built1900
Parcel NumberM:0041 B:0316 L:0802,4541900
ZoningB1
Stories1
MLS #73579110
Entry LocationUnit Placement(Back)

Space & Sizing

Living Area813 sqft
Above Grade813 sqft
Total Rooms4
Bedrooms2
Bathrooms1
Lot Size0.23 acres

Room Dimensions

Bathroom1First
Bedroom2First
KitchenFirst
Living RoomFirst
Master BedroomFirst

Features & Systems

Open Parking0
RoofRubber
CoolingWindow Unit(s)
HeatingBaseboard, Natural Gas
SewerPublic Sewer
Water SourcePublic

Features & Amenities

Appliances
Dishwasher Dryer Microwave Range Refrigerator Washer
Association Fee Includes
Heat Insurance Maintenance Grounds Maintenance Structure Sewer Snow Removal Trash Water
Community Features
House of Worship Marina Medical Facility Park Public School Public Transportation Shopping T-Station University Walk/Jog Trails
Exterior Features
Porch
Flooring
Hardwood Tile
Interior Features
Internet Available - Unknown
Laundry Features
Electric Dryer Hookup In Basement In Building In Unit Washer Hookup
Listing Terms
Contract
Lead Paint
Unknown
Parking Features
On Street
Patio And Porch Features
Porch
Pets Allowed
Yes
Structure Type
Garden
Utilities
for Electric Dryer for Gas Range Washer Hookup
Waterfront Features
Harbor Ocean
Window Features
Insulated Windows

Additional Information

Disclosures: All appliances left as gifts. Two window air conditioners are negotiable as well as decorative shelving in the living room and bedroom. Main bedroom door can be replaced (modified for cats).

Directions: Hawthorne to Derby St; Union to Derby or Bentley to Derby.

Financial Details

Annual Taxes$4,738 (2026)
Assessed Value$439,500
HOA Fee$375/monthly
Tax Book Number39471
Listed on Sep 17, 2026 Updated Oct 4, 2026 8:05 AM Essex County

Interested in this home?

Contact a CRA Agent or Schedule a showing today.

Colonial Realty Associates
(617) 977-6025
MLS #73579110

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.

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