223 Loring Avenue

Local assessors in Salem, MA have categorized 223 Loring Avenue as a residential type of property. The home was built in 1951 and is 73 years old. The property's lot size has been calculated to be 5,349 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 223 Loring Avenue has a total of 1,008 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof that was made of asphalt. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. The home's a hot water heating system is the primary heating source and it is being fueled with oil. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 223 Loring Avenue was last sold in Jan 1, 1970 for $237,400. According to our calculations, that's $235.52 per sqft. Prior to that sales transaction, the property was sold for $219,900 in Jan 1, 1970. Current property owners are expected to pay $5,796 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 223 Loring Avenue was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $498,800. To break that down further, the land itself was valued at $178,500. While improvements to the property were assessed at a total of $320,300. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.