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149 Derby St APT A, Salem, MA, 01970

1beds
1baths
401sqft
$329,900
$823price/sqft
$2,433/moest. monthly cost
$97,320/yrincome needed

About This Home

Live in the heart of historic Salem in this beautifully designed 1-bedroom, 1-bath condo located on iconic Derby Street. This sun-filled, ground-level residence offers 401 square feet of thoughtfully designed living space with exceptional finishes throughout. Features include hardwood flooring, quartz countertops with a full-height backsplash, in-unit laundry, and a stylish bathroom showcasing modern tile, a full tile shower, and deluxe brass-tone fixtures. Additional highlights include private storage, a very low condo fee, and a pet-friendly association. Nestled in an unbeatable downtown Derby Street location just steps from the historic House of the Seven Gables and scenic Salem Harbor, you'll enjoy easy access to the Salem Wharf, Ferry, Salem Common, renowned museums, award-winning restaurants, boutique shopping, and the city's famous spooky attractions. Whether you're looking for a full-time residence, weekend retreat, or investment opportunity, this home offers the best of Salem.

Getting Around

95
WalkingWalker's Paradise
38
TransitSome Transit
60
BikeBikeable

Schools

5/10
Saltonstall SchoolGrades K-80.6 mi
--
Salem Prep High SchoolGrades 9-120.4 mi
5/10

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Rubber
  • Construction materials: Brick

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Microwave,Refrigerator,Freezer,Washer,Dryer,ENERGY STAR Qualified Refrigerator,Rangetop - ENERGY STAR,Oven
  • Laundry features: In Unit

Basement

  • Has basement: Yes

Bathroom1

  • Features: Flooring - Stone/Ceramic Tile
  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Window features: Insulated Windows
  • Flooring: Tile,Hardwood
  • Finished area above ground: 401
  • Common walls with other units/homes: End Unit,Corner

Heating & Cooling

  • Heating features: Baseboard,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 401
  • Total interior livable area: 401 sqft

Kitchen

  • Features: Flooring - Hardwood, Recessed Lighting, Gas Stove
  • Level: First

Living Room

  • Features: Flooring - Hardwood, Recessed Lighting
  • Level: First

Master Bedroom

  • Features: Closet, Flooring - Hardwood, Recessed Lighting
  • Level: First

Property

Details

  • Parcel number: 2136831
  • Zoning: 000000

Features

  • Entry location: Unit Placement(Street,Ground)
  • Exterior features: City View(s)
  • Has view: Yes
  • View description: City

Parking

  • Parking features: Open
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Ice Storm
Lightning
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,668$20,016
Home Insurance *$99$1,188
Property Taxes $312$3,744
Electricity $354$4,259
Total$2,433$29,196
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$83,417/yr
40% on housing$72,990/yr
45% on housing$64,880/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$823This listing

vs Other Active Listings

Avg $/sqft

ZIP 01970$311
Essex County$385

vs Homes Sold Last Month

Median $/sqft

ZIP 01970$414
Essex County$387

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-15Listed for sale$329,900
2024-07-31Sold$325,000
2024-05-18Listing removed--
2024-05-16Listed for sale$349,900
2024-04-23Listed for rent$2,250
2002-10-22Sold$105,000
1999-06-02Sold$52,000
1987-06-04Sold$63,000

For Sale by Agent

AgentCoastal Life Realty Team
BrokerageReal Broker MA, LLC

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