Active
1 Days on market
74 Derby St #74 Salem — Photo 1 of 38

74 Derby St #74 Salem — Photo 1 of 38

$499,900

74 Derby St #74, Salem, MA 01970

Salem, MA 01970

Beds

1

Baths

1

SqFt

1,400

Style

Condominium

Built

1900

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. Located on the quieter end of Derby Street, 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, in a stable, convivial neighborhood, 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!

Open Houses

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$357/sqft
Local Avg (Salem)$458/sqft
22% BelowMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Salem, MA.

Property Details

Financials

Original Price$499,900
Annual Taxes$5,227
HOA Fee$250

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms5
FireplacesNone
FlooringTile, Vinyl, Hardwood
BasementY

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningR2

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

First
Office
Basement
Master Bedroom
Main,First
Living RoomDining RoomKitchenBedroom 2Bathroom 1
Living Room
Lvl Main,First

17.083333333 x 20.666666666

Flooring - Hardwood, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled

Dining Room
Lvl Main,First

12.5 x 5.166666666

Closet/Cabinets - Custom Built, Flooring - Hardwood, Chair Rail, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Lighting - Overhead, Decorative Molding

Kitchen
Lvl Main,First

12.5 x 10.583333333

Closet/Cabinets - Custom Built, Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove, Peninsula, Lighting - Pendant, Decorative Molding

Office
Lvl First

12.833333333 x 7.25

Flooring - Vinyl, Exterior Access, Open Floor Plan, Remodeled, Lighting - Overhead, Decorative Molding

Master Bedroom
Lvl Basement

21.083333333 x 13.666666666

Beamed Ceilings, Closet, Flooring - Vinyl, Remodeled

Bedroom 2
Lvl Main,First

11.75 x 14

Bathroom 1
Lvl Main,First

7.583333333 x 7.25

Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Lighting - Sconce, Lighting - Overhead

Population

44,738

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$85K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

50.4%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Tracey Hutchinson

Listing Office: Churchill Properties

MLS® Number: 73574904

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