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Salem 01970 South Salem
258 Loring Ave, Salem
$441,000
● House - Off Market

258 Loring Ave, Salem

Salem, MA 01970
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,167 Ft²
$913,960
RealtyHop Estimate
103.10%
Since Oct 1, 2003
MA-Boston
Primary Model

About This Property

THIS PRISTINE HOME OF DISTINCTION OFFERS 4 BEDROOMS, 3 NEW BATHS AND JACUZZI, STATE-OF-THE-ART SYSTEMS, FIREPLACED LR WET BAR, SOUND SYSTEM CENTRAL VAC AND IN-GROUND POOL.
Unit Size
3,167 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$142
Property Type
House
Property Taxes
$318
HOA Dues
-
Year Built
1915

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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: 4 years ago (MLSPIN #30728046)

Price History

Date / Event Date Event Price
Feb 23, 2021 Sold
Premium
Sold
Nov 5, 2020 Listed by Sagan Harborside Sotheby's International Realty $599,000
Listed by Sagan Harborside Sotheby's International Realty
Oct 2, 2003 Sold
Premium
Sold
May 30, 2003 Listed by Sagan Harborside Sotheby's International Realty $450,000
Listed by Sagan Harborside Sotheby's International Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,257
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 13,560
  • Total Building Area: 2,860
  • Gross Building Area: 4,701
  • Building Area: 2,860
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,860
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000311
  • 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:0320
  • Lot: 320
  • Municipality: SALEM
  • Latitude: 42.4939
  • Longitude: -70.8936

    Address

  • Full Address: 258 Loring Ave
  • Address - House Number: 258
  • Address - Street Name: Loring
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C026
  • 4-Digit Zip Code: 4349
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $855,600

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 889,235
  • High Value: 1,043,418
  • Low Value: 735,052

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $736,300
  • Assessed Land Value: $214,900
  • Assessed Improvements Value: $521,400

    Sales

  • Current Sale Contract Date: Jan 31, 2021
  • Current Sale Recording Date: Feb 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210223000450
  • Previous Sale Recording Date: Oct 02, 2003
  • Previous Sale Amount: $441,000
  • 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

$367

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2063 ft²

Average Home Age

90 years

Currently For Sale

41 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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30728046

Frequently Asked Questions

When was property at 258 Loring Avenue built and last sold?
The property at 258 Loring Avenue was built in 1915 and last sold on Jan 31, 2021 for $590,000.
How much is this home worth?
The estimated value of the home located at 258 Loring Avenue is $0.
What are some comparable homes to 258 Loring Avenue?
There are currently no comparable homes to 258 Loring Avenue.
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