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Salem 01970 South Salem
135 Loring Avenue
$444,500
● House - Off Market

135 Loring Avenue

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,792 Ft²
$621,691
RealtyHop Estimate
38.46%
Since May 1, 2020
MA-Boston
Primary Model

About This Property

Classic, spacious 1920's four bedroom colonial conveniently located near shops, restaurants and Salem State University.  Plenty of room in the lovingly maintained home with great period details and high ceilings.  The first floor features a family room with fireplace and beautiful wood floors, a living room with period French doors opens to the full dining room.  There is also a full bath on the first floor and an eat-in kitchen that opens out to a nice deck.  The second floor features four large bedrooms and a full bath.  There's plenty of storage in the walk up attic and basement.  The garage is situated on dead-end side street which is plowed and maintained by the city.  Exterior painted and new electrical panel in 2014.
Unit Size
1,792 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$251
Property Type
House
Property Taxes
$453
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (MLSPIN #72606788)

Price History

Date / Event Date Event Price
Apr 14, 2020 Sold
Premium
Sold
Jan 10, 2020 Listed by RE/MAX Advantage Real Estate $449,000
Listed by RE/MAX Advantage Real Estate
Feb 4, 1997 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 896
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,382
  • Total Building Area: 1,792
  • Gross Building Area: 3,969
  • Building Area: 1,792
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,792
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000101
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 204102

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:31 L:0100
  • Lot: 100
  • Municipality: SALEM
  • Latitude: 42.4984
  • Longitude: -70.8949

    Address

  • Full Address: 135 Loring Ave
  • Address - House Number: 135
  • Address - Street Name: Loring
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C099
  • 4-Digit Zip Code: 4487
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $634,600

    Appraisal Valuation

  • Standard Deviation: 0.1651
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 628,797
  • High Value: 732,633
  • Low Value: 524,961

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $546,100
  • Assessed Land Value: $174,300
  • Assessed Improvements Value: $371,800

    Sales

  • Current Sale Contract Date: Mar 26, 2020
  • Current Sale Recording Date: Apr 14, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200414003330
  • Previous Sale Recording Date: Feb 04, 1997
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2148 ft²

Average Home Age

85.2 years

Currently For Sale

36 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72606788

Frequently Asked Questions

When was property at 135 Loring Avenue built and last sold?
The property at 135 Loring Avenue was built in 1920 and last sold on Mar 26, 2020 for $444,500.
How much is this home worth?
The estimated value of the home located at 135 Loring Avenue is $464,088.
What are some comparable homes to 135 Loring Avenue?
There are currently no comparable homes to 135 Loring Avenue.
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