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74 Derby St # 1, Salem MA 01970

$499,900

Estimated $3,516/month Calculator

Condo

1 Bedrooms

Baths

1400

Total Parking: 2

Built in 1900 / Last Renovated 1986

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.

This home has been viewed 2 times

Last Checked: September 27th, 2026 at 8:28am (Source: MLS PIN #73574904)

Green Features

Air Conditioning

Waterview

Lead Paint Free

General Information for 74 Derby St # 1, Salem MA 01970

Listing ID73574904

Property TypeCondominium

Price499900 ($357.07/SqFt)

Building Style2/3 Family

CitySalem

CountyEssex

Neighborhood(s)Ipswich

Total Parking2

Unit Level1

Levels in Unit2

Year Built1900

Year Built SourcePublic Records

Year Renovated1986

Year Built DetailsRenovated Since

Building Construction StatusReady for Occupancy

ZoningR2

Unit Features for 74 Derby St # 1, Salem MA 01970

Approximate Living Area Total1400

Living Area Includes BasementYes

Rooms5

Bedrooms1

Primary En Suite BathroomNo

BasementFull

Cooling1, Split

LaundryArchway

Fireplaces

Outdoor SpaceNo

FlooringTile

Electric

AppliancesRange

Condo Association Features for 74 Derby St # 1, Salem MA 01970

Pet PolicyNot Allowed

Building ManagementDeveloper Advisory Board

Building Construction StatusReady for Occupancy

Number of Units2

Units Owner Occupied2

Year Built1900

Year Built DetailsRenovated Since

Year Built SourcePublic Records

Unit Last Renovated1986

WaterPublic

SewerPublic Sewer

Parking Features1

Building Amenities

Disclosures for 74 Derby St # 1, Salem MA 01970

Lead PaintNone

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourceOther

Special Listing Conditions

ExclusionsWasher

Owner Occupancy SourceSeller

Compensation Based On

Documents AvailablePerc Test

Financial Information for 74 Derby St # 1, Salem MA 01970

Association Fee

Optional Fee0

Association Fee IncludesLandscaping

Optional Fee Includes

Association Fee FrequencyMonthly

Assessed Value$484,900

Real Estate Tax5227

Tax Year2026

Location Information for 74 Derby St # 1, Salem MA 01970

Elementary SchoolSalem Schools

Middle SchoolSalem Schools

High SchoolSalem Schools

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 74 Derby St # 1, Salem MA 01970

Agent

Name: Tracey Hutchinson

Office

Name: Churchill Properties

Phone: 978-626-1685

Team Members

Payment Calculator

, Interest

Property Taxes 435.58

Principal & Interest 3080.22

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Churchill Properties

Tracey Hutchinson

Agent Phone

Office Phone

(978) 626-1685

Text Agent Call Agent Call Office

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EXIT

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