225 Derby St #503, Salem, MA 01970 - Photo 1

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$610,000 Just Listed

For Sale
Active
Condo
1 Bed
1 Full Bath
1 Partial Bath
1,151 Sq. Ft.
0.91 Acres
Updated 1 hour ago

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Property Description

Experience a luxury lifestyle in this sun-drenched, spacious 1 bedroom, 1-1/2 bath condo featuring mesmerizing harbor & ocean views atop the Salem Waterfront Hotel & Suites. Ideally set on Salem Harbor adjacent to the elegant boutiques & world-class eateries at Pickering Wharf & Marina. Includes access to hotel amenities, including a heated pool. Open layout features a living/dining area w/ gas fireplace, Juliet balcony, & large windows showcasing water views. The kitchen gleams w/ brand-new stainless LG appliances & granite countertops. Central air, in-unit washer/dryer, elevator & parking just steps from the entrance add convenience. Pets allowed w/ approval. Salem residents enjoy free admission to Peabody Essex Museum & The House of Seven Gables. A fast commute to Boston by MBTA Commuter Rail & Salem Ferry. Getting around Salem is easy by Bluebikes, & Salem Skipper rideshare. Walk to historic downtown, Salem Maritime National Park, Essex Street Pedestrian Mall, & Salem Common.

Full Property Details

Full Property Details for 225 Derby St #503

General

Price: $610,000
HOA FEE: $516/month
Taxes: $6,305 (2026)
Status: Active
Type: Condo
MLS ID: 73481755
Updated: Today (3/3/2026)
Added to Site: Today

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 1
Half Bathrooms: 1
Bathroom 1: First
Bathroom 2: First

Bedrooms

Total Bedrooms: 1
Primary Bedroom: 13.00 x 20.00, First

Other Rooms

Living Room: 12.00 x 20.00, First
Kitchen: 12.00 x 14.00, First
Dining Room: 12.00 x 20.00, First

Parking

Parking Features: Off Street, Assigned

Location

County: Essex

Structural Information

Basement: Yes
Stories/Levels: 1
Square Feet: 1,151
Year Built: 2004

Lot Features

Lot Size (Acres): 0.91

Financial Considerations

Association Fee: $516
Tax Amount: $6,305.23
Tax Year: 2026

Disclosures and Reports

Property ID: M:34 L:0446 S:904, 4591740

Listed by RE/MAX Real Estate Center, Ed Abrams and Elisee Labrecque

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Listing agents

— 225 Derby St #503 —

Ed Abrams

RE/MAX Real Estate Center
Elisee Labrecque

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Schools

Schools serving 225 Derby St #503

School District:Salem School District, Salem, MA

Name	Grades	Distance
Saltonstall School 211 Lafayette Street, Salem, MA 01970	K-8	0.5 mi
Carlton Elementary School 10 Skerry Street, Salem, MA 01970	K-5	0.8 mi
Bates Elementary School, Salem, MA 53 Liberty Hill Avenue, Salem, MA 01970	K-5	1.3 mi
Collins Middle School 29 Highland Avenue, Salem, MA 01970	6-8	0.9 mi
Salem Prep High School 2 Museum Place Mall, Salem, MA 01970	9-12	0.3 mi
Salem High School, Salem, MA 77 Willson Street, Salem, MA 01970	9-12	1.5 mi
Horace Mann Laboratory 79 Willson Street, Salem, MA 01970	K-5	1.4 mi
Witchcraft Heights Elementary School 1 Frederick Street, Salem, MA 01970	K-5	1.6 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 225 Derby St #503 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/03/2026

Listed

$610,000

—

MLS

5/21/2024

Sold

$610,000

—

Public Record

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 225 Derby St #503

Year

Property Taxes

Change

Tax Assessment

Change

2025

$6,713

$592,000

2024

$6,428

-11%

$553,200

-4%

2023

$7,220

$577,100

10%

2022

$6,946

-4%

$524,200

—

2021

$7,234

-2%

$524,200

2020

$7,352

—

$508,800

2019

$7,387

$489,200

2018

$7,262

-4%

$472,200

-1%

2017

$7,545

$475,700

2016

$7,399

-4%

$472,200

—

2015

$7,729

-2%

$471,000

—

2014

$7,880

—

$471,000

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 225 Derby St #503

225 Derby St #503, Salem, MA 01970 (MLS# 73481755) is a Condo property with 1 bedroom, 1 full bathroom and 1 partial bathroom. 225 Derby St #503 is currently listed for $610,000 and was received on March 03, 2026. Want to learn more about 225 Derby St #503? Do you have questions about finding other Condo real estate for sale in North Lawrence? You can browse all North Lawrence real estate or contact a Coldwell Banker agent to request more information.

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225 Derby St #503 Salem, MA 01970