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Salem 01970 South Salem
193 Loring Ave
Photo of 193 Loring Ave
Sold on Oct 13, 2006

1

Map

$280,000
● House - Off Market

193 Loring Ave

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,312 Ft²
$519,391
RealtyHop Estimate
85.50%
Since Nov 1, 2006
MA-Boston
Primary Model

About This Property

What A Great Deal For This Updated Colonial With 7 Rooms 3 Big Bedrooms and 2 Full Baths, Refinished Hardwood Floors Throughout, Formal Dining Room, Semi Finished Basement W/Fireplace.  This Colonial Has A Great Layout And A Enclosed Sun Porch.  Nice Fenced In Private Backyard And 1 Car Garage.  The 1300 Sq.Ft Does Not Include The Semi-Finished Basement. This Is An Excellent Deal For A First Time Buyer Or A Family Looking For A Bigger Place
Unit Size
1,312 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$213
Property Type
House
Property Taxes
$237
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: 6 months ago (MLSPIN #70364020)

Price History

Date / Event Date Event Price
Oct 16, 2006 Sold
Premium
Sold
Apr 8, 2006 Listed $279,999
Listed
Jul 27, 2000 Sold
Premium
Sold
Aug 29, 1997 Sold
Premium
Sold
Jan 23, 1997 Listed $129,500
Listed
3 BEDROOM COLONIAL WITH NEW - MAPLE KITCHEN, ROOF, GUTTERS, BATH, ELECTRICAL, INSULATION, & MORE. NICE DETAIL THROUGHOUT, NICE AREA.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 634
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,101
  • Total Building Area: 1,567
  • Gross Building Area: 2,840
  • Building Area: 1,567
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,567
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLONIAL VILLAGE CONDO
  • Land Acres: 0000000117
  • 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: R1

Geography

  • Parcel: SALE M:31 L:0131
  • Lot: 131
  • Municipality: SALEM
  • Latitude: 42.4958
  • Longitude: -70.8949

    Address

  • Full Address: 193 Loring Ave
  • Address - House Number: 193
  • Address - Street Name: Loring
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C026
  • 4-Digit Zip Code: 4350
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $541,000

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 543,808
  • High Value: 636,826
  • Low Value: 450,790

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $465,600
  • Assessed Land Value: $177,400
  • Assessed Improvements Value: $288,200

    Sales

  • Current Sale Recording Date: Oct 16, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 27, 2000
  • Previous Sale Amount: $160,000
  • 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:

$615,000

Sale Price/ft²

$369

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1714 ft²

Average Home Age

89.4 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: 6 months ago
Data Source: MLS PIN, MLS# 70364020

Frequently Asked Questions

When was property at 193 Loring Avenue built and last sold?
The property at 193 Loring Avenue was built in 1920 and last sold on Jan 1, 1970 for $280,000.
How much is this home worth?
The estimated value of the home located at 193 Loring Avenue is $294,191.
What are some comparable homes to 193 Loring Avenue?
There are currently no comparable homes to 193 Loring Avenue.
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