
131 Derby St #1R Salem — Photo 1 of 41
Recent Drop: $20,000
$449,900
20% down, 6.5% rate, 30-year fixed
Includes taxes, insurance and HOA. Estimate only.
Listing updated Nov 7, 2026
131 Derby St #1R, Salem, MA 01970
Salem, MA 01970
Beds
2
Baths
1
SqFt
813
$/SqFt
$553
Style
Condominium
Built
1900
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! The reasonable condo fee includes heat, water, and sewer, and convenient on-street permit parking is available for owners. You can sit out on the back deck and enjoy some peaceful time with a good book and a cup of coffee! With a quick closing possible, you could be enjoying everything downtown Salem has to offer in no time as well as be in your new home before the holidays!
Key facts
It was listed on September 17, 2026. The price has come down from an original $469,900 to $449,900, most recently on September 30, 2026. The annual property taxes are $4,738 (2026 tax year). The condo fee is $375 per month, which includes heat and water. Its asking price works out to $553 per square foot, 24% above the median of $446 among 68 condos listed in Salem, MA.
How it compares
Against 68 condos listed in Salem, MA, by asking price.
- Price per sq ft
- $553 · 24% above the median ($446)
- Size
- 813 sq ft · 35% below the median (1,257 sq ft)
- Asking price
- $449,900 · 17% below the median ($544,000)
Compares asking prices of homes for sale now; it isn't an appraisal or an estimate of this home's value.
Immersive Experience
Market Value Analysis
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Salem, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCeiling Fan(s), Flooring - Hardwood, Open Floorplan
Kitchen
Lvl FirstFlooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting, Stainless Steel Appliances, Washer Hookup, Lighting - Pendant
Primary Bedroom
Lvl FirstCeiling Fan(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl FirstBathroom 1
Lvl FirstBathroom - Full, Flooring - Stone/Ceramic Tile
Property History
Filled points are sales; dashed lines span time off the market.
- Price Drop
$449,900
Was $469,900
Sep 30, 2026
MLS® 73579110
- Listed
$469,900
Sep 17, 2026
MLS® 73579110
- Terminated
$244,900
Jun 29, 2010
MLS® 71069475
- Listed
$244,900
Apr 22, 2010
MLS® 71069475
Questions about this home
When was 131 Derby St #1R, Salem listed?
131 Derby St #1R, Salem was listed on September 17, 2026.
Has the price of 131 Derby St #1R, Salem changed?
The price has come down from an original $469,900 to $449,900, most recently on September 30, 2026.
What are the property taxes for 131 Derby St #1R, Salem?
The annual property taxes for 131 Derby St #1R, Salem are $4,738 (2026 tax year).
What is the condo fee at 131 Derby St #1R, Salem?
The condo fee is $375 per month, which includes heat and water.
How does the price per square foot of 131 Derby St #1R, Salem compare with other condos in Salem, MA?
131 Derby St #1R, Salem is listed at $553 per square foot, 24% above the median of $446 among 68 condos listed in Salem, MA.
What is the status of 131 Derby St #1R, Salem?
131 Derby St #1R, Salem is actively listed for sale.
Population
44,738
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$85K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
50.4%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Essex County
1,063 housing units permitted in the last 12 months (-10% vs the prior 12 months) — 584 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Aug '26)
Listing Agent: Rita Patriarca
Listing Office: RE/MAX Encore
MLS® Number: 73579110







