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Atlanta, GA 30339
5 Derby Sq, Salem, MA, 01970
UNIT SIZE RANGE
1,292-1,754 sqft
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, Salem, MA, 01970
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 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.
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 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.
| Unit | Size (sqft) | Beds | Baths | Days On Market | Date | Status | Price | |
|---|---|---|---|---|---|---|---|---|
| 1 | 1754 | 2 | 2 | 45 | 2021-12-17 MLS#: 72915061 | Closed | $495,000 | |
| 3 | 1600 | 2 | 2 | 64 | 2017-06-28 MLS#: 72152359 | Closed | $480,000 | |
| 1 | 1754 | 2 | 2 | 149 | 2017-03-30 MLS#: 72088316 | Closed | $434,000 |

2 Beds
2 Baths
1754 sqft
| Date | Status | Price |
|---|---|---|
| 2021-12-17 | Closed | $495,000 |

2 Beds
2 Baths
1754 sqft
| Date | Status | Price |
|---|---|---|
| 2017-03-30 | Closed | $434,000 |

2 Beds
2 Baths
1600 sqft
| Date | Status | Price |
|---|---|---|
| 2017-06-28 | Closed | $480,000 |
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.
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.
Balcony
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.
Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby
| Building Name | Avg price per square foot | AVG 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 Condominium | $404/sqft. | $3 /sqft. |
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.
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.
This neighborhood indicates a good mix of people which makes it a good place for families. About 16.09% are children aged 0–14, 21.64% are young adults between 15–29, 24.76% are adults aged 30–44, 17.46% are in the 45–59 range and 20.05% are seniors aged 60 and above. Commuting options are also varying where 63.29% of residents relying on driving, while others prefer public transit around 7.71%, walking around 9.62%, biking around 0.91%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 62.68% of units are rented and 37.32% are owner occupied. The neighborhood offers different household types. About 23.47% are single family homes and 4.06% are multi family units. Around 38.32% are single-person households, while 61.68% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 27.67% of residents have bachelor’s degrees. Around 19.15% have high school or college education. Another 4.92% hold diplomas while 20.43% have completed postgraduate studies. The remaining are 27.84% with other types of qualifications.
This neighborhood indicates a good mix of people which makes it a good place for families. About 16.09% are children aged 0–14, 21.64% are young adults between 15–29, 24.76% are adults aged 30–44, 17.46% are in the 45–59 range and 20.05% are seniors aged 60 and above. Commuting options are also varying where 63.29% of residents relying on driving, while others prefer public transit around 7.71%, walking around 9.62%, biking around 0.91%, allowing residents to choose travel modes that best fit their daily routines. Most homes in the area are with 62.68% of units are rented and 37.32% are owner occupied. The neighborhood offers different household types. About 23.47% are single family homes and 4.06% are multi family units. Around 38.32% are single-person households, while 61.68% are multi person households. This mix works well for families, roommates, and individuals. Education levels in the neighborhood vary widely where 27.67% of residents have bachelor’s degrees. Around 19.15% have high school or college education. Another 4.92% hold diplomas while 20.43% have completed postgraduate studies. The remaining are 27.84% with other types of qualifications.
16.09%
21.64%
24.76%
17.46%
20.05%
7.71%
Transit
9.62%
Walk
63.29%
Drive
0.91%
Bike
37.32%
Owner Occupied
62.68%
Rental Units
Household:$6,421,222.9 /yr
Individual:$4,363,897.8 /yr