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  3. Salem, MA
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  5. 5 Derby Sq
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5 Derby Sq

5 Derby Sq, Salem, MA, 01970

YEAR BUILT

1900

# STORIES

2

# TOTAL UNITS

13

UNIT SIZE RANGE

1,292-1,754 sqft

Description

5 Derby Sq sits in Salem, Massachusetts, close to the intersection of Lowell Street and Paradise Road. This location offers a connection to city life while being near the Atlantic Ocean. The historic building, dating back to 1900, is listed in the National Register of Historic Places. The low-rise building has 2 stories and contains 13 condominium units. Unit sizes range from 1,292 to 1,754 square feet. Both units include 2 bedrooms, offering spacious living areas. The building's unique architecture reflects the historical charm of the area. Unit prices vary from $434,000 to $480,000. This means the average price per square foot positions itself within a competitive market. Buyers may find value in the living spaces alongside amenities offered. Proximity to nearby parks provides options for outdoor activities or relaxation. Restaurants such as Adriatic Restaurant, Bewitched In Salem, and Engine House Restaurant and Pi lie within close reach. Public transportation options are available for easy access around the city. These dining and travel choices enhance the overall appeal of city living. The building provides amenities like golf and hot water services. Open concept layouts and period details may exist in some units. The appealing mix of historic character and modern living encourages an enjoyable lifestyle for potential residents. The location balances a vibrant urban environment with the charm of Salem's historical roots.

Building ImageMLS ID #71516078
Building ImageMLS ID #71516078
Building Image
Building ImageView Listing

5 Derby Sq

5 Derby Sq, Salem, MA, 01970

YEAR BUILT

1900

# STORIES

2

# TOTAL UNITS

13

UNIT SIZE RANGE

1,292-1,754 sqft

Description

5 Derby Sq sits in Salem, Massachusetts, close to the intersection of Lowell Street and Paradise Road. This location offers a connection to city life while being near the Atlantic Ocean. The historic building, dating back to 1900, is listed in the National Register of Historic Places. The low-rise building has 2 stories and contains 13 condominium units. Unit sizes range from 1,292 to 1,754 square feet. Both units include 2 bedrooms, offering spacious living areas. The building's unique architecture reflects the historical charm of the area. Unit prices vary from $434,000 to $480,000. This means the average price per square foot positions itself within a competitive market. Buyers may find value in the living spaces alongside amenities offered. Proximity to nearby parks provides options for outdoor activities or relaxation. Restaurants such as Adriatic Restaurant, Bewitched In Salem, and Engine House Restaurant and Pi lie within close reach. Public transportation options are available for easy access around the city. These dining and travel choices enhance the overall appeal of city living. The building provides amenities like golf and hot water services. Open concept layouts and period details may exist in some units. The appealing mix of historic character and modern living encourages an enjoyable lifestyle for potential residents. The location balances a vibrant urban environment with the charm of Salem's historical roots.

Next

Description

5 Derby Sq sits in Salem, Massachusetts, close to the intersection of Lowell Street and Paradise Road. This location offers a connection to city life while being near the Atlantic Ocean. The historic building, dating back to 1900, is listed in the National Register of Historic Places. The low-rise building has 2 stories and contains 13 condominium units. Unit sizes range from 1,292 to 1,754 square feet. Both units include 2 bedrooms, offering spacious living areas. The building's unique architecture reflects the historical charm of the area. Unit prices vary from $434,000 to $480,000. This means the average price per square foot positions itself within a competitive market. Buyers may find value in the living spaces alongside amenities offered. Proximity to nearby parks provides options for outdoor activities or relaxation. Restaurants such as Adriatic Restaurant, Bewitched In Salem, and Engine House Restaurant and Pi lie within close reach. Public transportation options are available for easy access around the city. These dining and travel choices enhance the overall appeal of city living. The building provides amenities like golf and hot water services. Open concept layouts and period details may exist in some units. The appealing mix of historic character and modern living encourages an enjoyable lifestyle for potential residents. The location balances a vibrant urban environment with the charm of Salem's historical roots.

5 Derby Sq Market Stats Last 12 months

Avg. Listed Price-
Avg. Sale Price-
Year over year list price0.00%
Year over year sale price 0.00%
Total Listings0 Listed
Total sold0 Sold
Average Days on Market0 days
Average HOA fees per sqft-
Next

Market Stats

Year over year list price0.00%
Year over year sale price0.00%
Total Listings0 Listed
Total sold0 Sold
Average Days on Market0 days
Average HOA fees per sqft-

Glen Gardens Estate Availability & Demand

Unit Availability

-
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

-
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

5 Derby Sq Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 11175422452021-12-17
MLS#: 72915061 		Closed$495,000
Unit 33160022642017-06-28
MLS#: 72152359 		Closed$480,000
Unit 111754221492017-03-30
MLS#: 72088316 		Closed$434,000
Unit 1
1

2 Beds

2 Baths

1754 sqft

DateStatusPrice
2021-12-17Closed$495,000
MLS#: 72915061
Days On Market45
Unit 1
1

2 Beds

2 Baths

1754 sqft

DateStatusPrice
2017-03-30Closed$434,000
MLS#: 72088316
Days On Market149
Unit 3
3

2 Beds

2 Baths

1600 sqft

DateStatusPrice
2017-06-28Closed$480,000
MLS#: 72152359
Days On Market64
View Complete Unit Listing HistorySource By: MLSPIN

Amenities

5-7 Derby Square isn't just about living space—it's about a lifestyle! Residents will appreciate having golf nearby, perfect for those looking to tee off on the weekends. Hot water is at your disposal, making morning routines a breeze. Public transportation options ensure you’re connected to the wider community of Salem. With access to lovely parks, you’ll find plenty of opportunities to enjoy the great outdoors, whether for a morning jog or a leisurely afternoon picnic.

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Amenities Description

5-7 Derby Square isn't just about living space—it's about a lifestyle! Residents will appreciate having golf nearby, perfect for those looking to tee off on the weekends. Hot water is at your disposal, making morning routines a breeze. Public transportation options ensure you’re connected to the wider community of Salem. With access to lovely parks, you’ll find plenty of opportunities to enjoy the great outdoors, whether for a morning jog or a leisurely afternoon picnic.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
Next

Amenities

Balcony

Balcony

Policies

For those with pets, it’s good to know the building policies are welcoming, allowing you to bring your furry friends along on your homeownership journey. This commitment to a friendly atmosphere is essential for fostering community spirit among neighbors.

Pet Allowed
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
5 Derby Sq--
The Residences At Museum Place$562/sqft.$3 /sqft.
17 Central St$562/sqft.$3 /sqft.
20 Central St$371/sqft.$3 /sqft.
11 Barton Sq$404/sqft.$3 /sqft.
Heritage Plaza Condo$427/sqft.$3 /sqft.

Nearby Schools

Discover top-rated schools located close to 5 Derby Sq.

New Liberty Innovation School

F
Public|Grades 9–12
2 E India Square M...|0.16 miles away

Salem Preparatory High School

--
Public|Grades 9–12
2 Museum Place Mal...|0.17 miles away

The Phoenix School

--
Private|Grades KG–8
89 Margin St|0.38 miles away

Salem Academy Charter School

B
Public|Grades 6–12
45 Congress St, Sh...|0.51 miles away

Saltonstall School

C-
Public|Grades KG–8
211 Lafayette St|0.7 miles away

Collins Middle School

C-
Public|Grades 6–8
29 Highland Ave|0.98 miles away
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Schools

New Liberty Innovation School

F
Public|Grades 9–12
2 E India Square M...|Less than 1 Mile Away

Salem Preparatory High School

--
Public|Grades 9–12
2 Museum Place Mal...|Less than 1 Mile Away

The Phoenix School

--
Private|Grades KG–8
89 Margin St|Less than 1 Mile Away

Salem Academy Charter School

B
Public|Grades 6–12
45 Congress St, Sh...|Less than 1 Mile Away

Saltonstall School

C-
Public|Grades KG–8
211 Lafayette St|Less than 1 Mile Away

Collins Middle School

C-
Public|Grades 6–8
29 Highland Ave|Less than 1 Mile Away

Carlton

C
Public|Grades KG–5
10 Skerry St|1.07 Miles Away

Bentley Academy Innovation School

--
Public|Grades KG–5
25 Memorial Dr|1.18 Miles Away

Salem Early Childhood

--
Public|Grades PK–KG
25 Memorial Dr|1.18 Miles Away

Bates

C+
Public|Grades KG–5
53 Liberty Hill Av...|1.53 Miles Away

Horace Mann Laboratory

C
Public|Grades KG–5
79 Willson St|1.66 Miles Away

Salem High School

D+
Public|Grades 9–12
77 Willson St|1.79 Miles Away

Witchcraft Heights

D
Public|Grades KG–5
1 Frederick St|1.89 Miles Away

Thomas Carroll Elementary School

D+
Public|Grades KG–5
60 Northend St|1.95 Miles Away

Bishop Fenwick High School

--
Private|Grades 9–12
99 Margin St|2.42 Miles Away

St John the Baptist School

--
Private|Grades PK–8
19 Chestnut St|2.46 Miles Away

Childrens Workshop Montessori

--
Private|Grades PK–KG
53 Robert Rd|2.52 Miles Away

William A. Welch Elementary School

D
Public|Grades PK–5
50 Swampscott Ave|2.53 Miles Away

Village School

C
Public|Grades 3–6
93 Village St|2.53 Miles Away

Tower School

--
Private|Grades PK–8
75 W Shore Dr|2.56 Miles Away

L H Coffin

--
Public|Grades 1–2
1 Turner Rd|2.66 Miles Away

Transit

Experience convenience and connectivity with premium transit options just moments away.

Hawthorne Blvd @ Derby St

0.26 miles away|6 min walk

Hawthorne Blvd @ Essex St

0.29 miles away|6 min walk

Lafayette St @ Harbor St

0.31 miles away|6 min walk

Hawthorne Blvd @ Washington Sq S

0.31 miles away|7 min walk

Essex St @ Summer St

0.35 miles away|7 min walk

Essex St @ Hamilton st

0.52 miles away|10 min walk
Next

Transit

Hawthorne Blvd @ Derby St

0.26 miles away|6 min walk

Hawthorne Blvd @ Essex St

0.29 miles away|6 min walk

Lafayette St @ Harbor St

0.31 miles away|6 min walk

Hawthorne Blvd @ Washington Sq S

0.31 miles away|7 min walk

Essex St @ Summer St

0.35 miles away|7 min walk

Essex St @ Hamilton st

0.52 miles away|10 min walk

Lafayette St @ Cedar St

0.52 miles away|10 min walk

Essex St @ Beckford St

0.52 miles away|10 min walk

Lafayette @ Leavitt St

0.6 miles away|12 min walk

Essex St opp Monroe St

0.6 miles away|12 min walk

Essex St @ Monroe St

0.61 miles away|12 min walk

Essex St @ Flint St

0.69 miles away|14 min walk

Lafayette St @ Hancock St

0.74 miles away|15 min walk

Bridge St @ Saunders St

0.81 miles away|16 min walk

Essex St @ Warren St

0.86 miles away|17 min walk

Essex St opp Warren St

0.88 miles away|17 min walk

Lafayette St @ Holly St

0.9 miles away|18 min walk

Bridge St @ Skerry St

1.03 miles away|20 min walk

Bridge St @ Cromwell St

1.11 miles away|22 min walk

Bridge St @ Osgood St

1.16 miles away|23 min walk

Highland Ave opp Proctor St

1.18 miles away|23 min walk

Highland Ave @ Proctor St

1.18 miles away|23 min walk

Bridge St @ March St

1.19 miles away|23 min walk

81 Highland Ave @ Salem Hospital

1.29 miles away|25 min walk

Lafayette St @ Clifton Ave

1.31 miles away|26 min walk

Lafayette St @ Forest Ave

1.32 miles away|26 min walk

Highland Ave @ Salem Hospital

1.33 miles away|26 min walk

Bridge St @ Thorndike St

1.36 miles away|26 min walk

Bridge St @ Ames St

1.47 miles away|29 min walk

11 Bridge St

1.48 miles away|29 min walk

Highland Ave @ Cherry Hill Ave

1.6 miles away|31 min walk

Highland Ave @ Willson St

1.6 miles away|31 min walk

Highland Ave @ Valley St

1.74 miles away|34 min walk

46 Cabot St

2.18 miles away|42 min walk

Cabot St @ Stone St

2.2 miles away|43 min walk

Central St @ Walnut St

2.36 miles away|46 min walk

Central St opp Walnut St

2.39 miles away|46 min walk

Highland Ave @ Hawthorne Sq

2.4 miles away|47 min walk

Cabot St opp May St

2.43 miles away|47 min walk

Cabot St & Highland Ave

2.47 miles away|48 min walk

Cabot St opp Highland Ave

2.49 miles away|48 min walk

Central St @ Community Life Center

2.52 miles away|49 min walk

86 Central St

2.53 miles away|49 min walk

Cabot St @ Railroad Ave

2.56 miles away|49 min walk

Commuter Rail Station - Beverly

2.56 miles away|50 min walk

Beverly - Park St

2.56 miles away|50 min walk

Beverly

2.56 miles away|50 min walk

Cabot St @ Franklin Pl

2.56 miles away|50 min walk

Highland Ave @ Marlborough Rd

2.62 miles away|51 min walk

Cabot St @ Vestry St

2.62 miles away|51 min walk

The Neighbourhood: 5 Derby Sq

Central Business District is the commercial center of Essex County, MA. The area has office towers, retail shops, and a mix of cafes and restaurants. The district hosts galleries, local museums, and public plazas. People find grocery stores, banks, and health clinics within easy walks. The area offers parks and riverside walking paths for short breaks. Commuters use nearby bus routes and commuter rail lines for fast trips to the city. Major roads link the district to surrounding towns. The area stays busy on weekdays and quiets somewhat in the evenings.

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Neighbourhood Description

Central Business District is the commercial center of Essex County, MA. The area has office towers, retail shops, and a mix of cafes and restaurants. The district hosts galleries, local museums, and public plazas. People find grocery stores, banks, and health clinics within easy walks. The area offers parks and riverside walking paths for short breaks. Commuters use nearby bus routes and commuter rail lines for fast trips to the city. Major roads link the district to surrounding towns. The area stays busy on weekdays and quiets somewhat in the evenings.

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5 Derby Sq Demographics

Age Demographics

0–14 Years

16.09%

15–29 Years

21.64%

30–44 Years

24.76%

45–59 Years

17.46%

60+ Years

20.05%

Commute

7.71%

Transit

9.62%

Walk

63.29%

Drive

0.91%

Bike

Housing Ownership

37.32%

Owner Occupied

62.68%

Rental Units

Household Types

Single Family
23.47%
Multi Family
4.06%
Single Person
38.32%
Multi Person
61.68%

Average Income

Household:$6,421,222.9 /yr

Individual:$4,363,897.8 /yr

Education

Bachelors Degree27.67%
High School College19.15%
Diploma4.92%
Post Graduate20.43%
Others27.84%
Next

Education

Diploma4.92%
Post Graduate20.43%
Others27.84%
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  2. /Salem, MA
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    5 Derby Sq
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