$499,900
 $2,684 est/mo Sourced by Back At You

74 Derby St # 1,Salem, MA 01970

Salem, MA 01970

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Description

Welcome to 74 Derby Street, Unit 1! This beautifully renovated condominium, located in the Derby Waterfront District, offers the perfect blend of character, style, and convenience, presenting much larger than its one-bedroom designation, with flexible living spaces throughout. The heart of the home is a stunning, well appointed kitchen, featuring stainless appliances, leathered granite counters, a charming banquet seating area, and an open-concept layout that flows seamlessly into a large living and entertaining space. The first-floor is also home to a nicely sized bedroom with generous closet space, which is complemented by an updated full bathroom and a modern office space. Downstairs, discover a substantial additional finished living area that offers incredible flexibility as a primary suite-style retreat, family room, guest space or home gym. Outside, enjoy a protected patio area with room for grilling and two parking spaces. This home puts the very best of Salem right outside your door-restaurants, shops, history, culture, waterfront, the Willows, and all the energy this vibrant city has to offer within a mile radius! Salem Ferry Landing is right around the corner and Collins Cove Beach is 1/2 mile stroll. A rare opportunity to own a spacious, stylish, and thoughtfully updated home in one of Salem's most desirable locations: across from green space, on the bike path, with easy access at ALL times of the year and sneak peeks of the water in winter! Fun fact...Salem residents get reduced rates on the Ferry, and free access to the Salem Museums! Please text when emailing.

Details

MLS #73574904
Listing TypeFor Sale
StyleCondominium
HOA Dues$250
Sub-TypeResale
StatusPending
Year1900
Days On Site20
Listing Provided ByChurchill Properties | Tracey Hutchinson

Features

Bed(s)1
Bath(s) 1 Total
SQ Feet1,400
BasementY
Story(s)2
Units2
ZoningR2
Golf CourseYes
Water FrontYes

Interior

Rooms Total5
Cooling Yes / NoYes
CoolingWindow Unit(s)
Heating Yes / NoYes
HeatingBaseboard, Natural Gas
Interior FeaturesOpen Floorplan, Lighting - Overhead, Decorative Molding, Office, Internet Available - Unknown
AppliancesRange, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplaces Total0
Fireplace Yes / NoNo
FlooringTile, Vinyl, Hardwood

Exterior

Exterior FeaturesPatio
RoofShingle
Construction MaterialsFrame

Parking

Garage Yes / NoNo
Parking FeaturesOff Street, Tandem

Utilities

Utilitiesfor Gas Range, for Gas Oven, for Gas Dryer, Washer Hookup
SewerPublic Sewer

Taxes

Tax Annual Amount5227
Tax Assessed Value484900
Tax Year2026

Location

Community FeaturesPublic Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Senior Community Yes / NoNo

Area Information

StateMA
CountyEssex
CitySalem
Zip Code01970
AreaEssex
School DistrictSalem Schools
Elementary SchoolSalem Schools
High SchoolSalem Schools
Listing VS Median (in 01970)
Price:
$499,900
low | high
Med:
$482,450
53.490698139628% of Average
sqft:
1,400
low | high
Med:
1,822
19.892857142857% of Average
$ / sqft:
$357
low | high
Med:
$266
75.498800077338% of Average
On site:
20
low | high
Med:
130.5
15.325670498084% of Average
Sourced by Back At You

Market Activity 01970

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Learn More About This Property

StateMA
CountyEssex
CitySalem
Zip Code01970
AreaEssex
School DistrictSalem Schools
Elementary SchoolSalem Schools
High SchoolSalem Schools
Listing VS Median (in 01970)
Price:
$499,900
low | high
Med:
$482,450
53.490698139628% of Average
sqft:
1,400
low | high
Med:
1,822
19.892857142857% of Average
$ / sqft:
$357
low | high
Med:
$266
75.498800077338% of Average
On site:
20
low | high
Med:
130.5
15.325670498084% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $374K - $624K
sqft: 1,000 - 1,500
Listing Updated: September 29, 2026 at 10:04:07 AM PDT