2/114 Derby Street

Off Market

2/114 Derby Street

Salem MA 01970

1342 sq. ft.

12589 sq. ft.

Condo

Last sold for $855,000

Joyce Sullivan, last sold this property on 29 August 2025 after 43 days on market.

Overview

Welcome to 114 Derby Street Unit 2, a beautifully renovated 2-bed, 2.5-bath condo in one of Salem’s most desirable waterfront neighborhoods. Located in a restored Federal-style mansion, this home offers stylish single-level living with a perfect mix of modern finishes and historic charm. The open-concept layout features a sleek kitchen with quartz countertops and stainless appliances, flowing into a comfortable living and dining space with a cozy gas fireplace. Central A/C ensures year-round comfort. The spacious primary suite includes a walk-in closet and a well-appointed en suite bath. A second bedroom, full guest bath, and half bath offer great flexibility. Front and rear private entrances add convenience, and there's just enough outdoor space for a grill or bistro table. A spacious unfinished basement offers excellent storage and future living space. Enjoy vibrant, historic Salem in your own backyard—Showings begin at the open house. See offer instructions.

Features

2 bedrooms

3 bathrooms

1 carspace

1342 sq. ft. floor area

12589 sq. ft. lot size

Condo

Estimated Value

Based on this property and similar 2 bedroom condos sold in Salem over the last 12 months, the estimated median property value of 2/114 Derby Street is $500k.

Median value

$500k

Estimated value range

$300k - $1.3m

Median days on market

Estimated value trend

-4%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Salem. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2/114 Derby Street

2025

Sold

$855,000

29 Aug 2025 by Joyce Sullivan, of Keller Williams Realty Evolution

Happy sellers in Salem

95%

95% of sellers in Salem reported that their sale price either exceeded or met their price expectations.

Salem stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Salem over the last 12 months.

Local market activity for 2 bedroom condos in Salem

In the last 12 months, 134 two-bedroom condos similar to 2/114 Derby Street, have been sold.

This represents a 12% increase in two-bedroom condos sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Salem for a market analysis.

Kathy & Terry Sullivan

at REMAX Beacon | Beverly

(88 reviews)

Get a market analysis

Sean K Connelly

at William Raveis Real Estate - Marblehead

(52 reviews)

Get a market analysis

Rita Lu

at Keller Williams Realty Boston-Metro | Back Bay

4.9

(19 reviews)

Get a market analysis

Carol St. Pierre

at Tache Real Estate, Inc.

(3 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Salem

Kathy & Terry Sullivan

Sellers who recommend Kathy & Terry Sullivan have praised them for being local expert, supportive, responsive, detail-oriented, clear communication, dedicated, and reliable

5 (88 reviews)
2 Reviews in Salem
2 Sales in Salem

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Sean K Connelly

Sellers who recommend Sean K Connelly have praised them for being local expert, clear communication, responsive, reliable, supportive, friendly, and trustworthy