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  • $700,900

    198 Loring Ave, Salem, MA 01970

    3beds
    2,432sqft
    MultiFamily
    Built in 1900
    -- sqft lot
    $700,900 Zestimate®
    $288/sqft
    $3,124 Estimated rent

    Home value

    $700,900

    $659,000 - $750,000

    $3,124/mo

    Zestimate® history
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    $3,124/mo

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    $4,627/mo

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    What's special

    Great opportunity on Route 1A in South Salem! A Mixed-Use Property with 2 units, residential & commercial. First unit is a 3-bedroom 1 1/2 bath Townhome, The second unit is an office space that includes a reception area, small conference room, 3 desk working area, kitchenette & 1/2 bath. So many ways to use this property! Live upstairs and rent the downstairs office, live upstairs and have your business downstairs or rent both units for rental income. The Townhome has been freshly painted and has hardwood floors throughout. The building is deleaded. Heating systems and hot water service were updated in 2018! Buyers Financing fell through.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 1
    • 1/2 bathrooms: 2
    Heating
    • Baseboard, Other, Gas
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Refrigerator, Washer
    Features
    • Flooring: Tile, Hardwood
    • Basement: Partially finished
    Interior area
    • Total interior livable area: 2,432 sqft

    Property

    Parking
    • Total spaces: 6
    Features
    • Exterior features: Vinyl, Wood
    Lot
    • Size: 7,405 Square Feet
    Details
    • Parcel number: SALEM31L0031

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Roof: Asphalt
    Condition
    • Year built: 1900

    Community & HOA

    Location
    • Region: Salem

    Financial & listing details

    • Price per square foot: $288/sqft
    • Tax assessed value: $570,500

    Price history

    DateEventPrice
    12/14/2021Listing removed--
    Source: MLS PIN #72898782 Report a problem
    10/21/2021Price change$569,900-1.7%$234/sqft
    Source: MLS PIN #72898782 Report a problem
    9/22/2021Listed for sale$579,900+1.8%$238/sqft
    Source: MLS PIN #72898782 Report a problem
    4/2/2021Listing removed$569,900$234/sqft
    Source: MLS PIN #72787777 Report a problem
    3/22/2021Price change$569,900-1.7%$234/sqft
    Source: MLS PIN #72787777 Report a problem
    3/8/2021Listed for sale$579,900$238/sqft
    Source: MLS PIN #72787777 Report a problem
    3/2/2021Contingent$579,900$238/sqft
    Source: MLS PIN #72787777 Report a problem
    2/19/2021Listed for sale$579,900$238/sqft
    Source: MLS PIN #72787777 Report a problem
    2/12/2021Listing removed$579,900$238/sqft
    Source: MLS PIN #72726793 Report a problem
    12/30/2020Listed for sale$579,900-3.2%$238/sqft
    Source: Armstrong Field Real Estate #72726793 Report a problem
    11/16/2020Listing removed$599,000$246/sqft
    Source: Armstrong Field Real Estate #72726793 Report a problem
    11/2/2020Pending sale$599,000$246/sqft
    Source: Armstrong Field Real Estate #72726793 Report a problem
    11/2/2020Listed for sale$599,000$246/sqft
    Source: Armstrong Field Real Estate #72726793 Report a problem
    10/31/2020Pending sale$599,000$246/sqft
    Source: Armstrong Field Real Estate #72726793 Report a problem
    9/23/2020Listed for sale$599,000$246/sqft
    Source: Armstrong Field Real Estate #72726793 Report a problem
    9/21/2020Pending sale$599,000$246/sqft
    Source: Armstrong Field Real Estate #72726793 Report a problem
    9/16/2020Listed for sale$599,000+110.9%$246/sqft
    Source: Armstrong Field Real Estate #72726793 Report a problem
    7/25/2003Sold$284,000$117/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $570,500 +5.7%
    2024-- $539,600 +10.4%
    2023-- $488,700
    2022-- $488,700 +12.8%
    2021-- $433,300 +9.2%
    2020-- $396,900 +7.4%
    2019-- $369,600 +14%
    2018$4,568 $324,300 +7.1%
    2017$4,568 $302,700 +7.4%
    2016$4,568 $281,800 +5.9%
    2015$4,568 $266,200 +6.5%
    2011-- $250,000 -6.9%
    2010-- $268,500 -22.4%
    2009-- $346,200 -8.1%
    2008-- $376,800 -3.9%
    2007-- $391,900 +6%
    2006-- $369,700 +4.2%
    2005-- $354,700 +7.6%
    2004-- $329,600 +25%
    2003-- $263,700 +26.5%
    2002-- $208,400 +70.3%
    1999$1,857 +44.7%$122,400 +20.7%
    1994$1,283 $101,400
    Find assessor info on the county website

    Neighborhood: 01970

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $700,900
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $700,900