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Off market
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  • $715,000

    198 Loring Ave, Salem, MA 01970

    3beds
    2,432sqft
    MultiFamily
    Built in 1900
    -- sqft lot
    $715,000 Zestimate®
    $294/sqft
    $2,483 Estimated rent

    Home value

    $715,000

    $672,000 - $758,000

    $2,483/mo

    Zestimate® history
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    $4,427/mo

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    $4,427/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 off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available 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 sqft
    Details
    • Parcel number: SALEM31L0031

    Construction

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

    Community & neighborhood

    Location
    • Region: Salem

    Other

    Other facts
    • App Dscrp 2: Range, Refrigerator, Dishwasher, Disposal
    • Construction: Frame
    • Electric Feature: 220 Volts, Circuit Breakers
    • Exterior: Vinyl
    • Exterior Features: Storage Shed, Deck, Deck - Wood
    • Flooring: Wood, Tile
    • Foundation: Poured Concrete
    • Hea Dscrp 2: Gas, Hot Water Baseboard
    • Ife Dscrp 2: Cable Tv Available, Balcony/Deck, Hardwood Floors, Storage, Tile Floor, Lead Certification Available, Upgraded Cabinets, Walk-In Closet, Floored Attic, Bathroom With Tub
    • Lot Description: Paved Drive, Level, Corner, Easements
    • Rms Dscrp 2: Living Room, Kitchen, Laundry, Dining Room
    • Road Type: Public
    • Roof Material: Asphalt/Fiberglass Shingles
    • Beach Description: Harbor, Ocean
    • Beachfront Flag: Yes
    • Energy Features: Insulated Windows, Insulated Doors
    • Mf Type: 2 Family - 2 Units Up/Down
    • Rms Dscrp 1: Office/Den
    • Rnt Dscrp 2: Water
    • Beach Miles To: 1 To 2 Mile
    • Year Round: Yes
    • Hot Water: Tank, Separate Booster
    • Basement Feature: Finished
    • Col Dscrp 1: Ductless Mini-Split System
    • Hea Dscrp 1: Ductless Mini-Split System

    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
    $715,000
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    Estimated market value
    $715,000