Off market

Zestimate^®

$1,113,700

505 Loring Ave, Salem, MA 01970

7beds

3,982sqft

MultiFamily

Built in 1895

-- sqft lot

$1,113,700 Zestimate^®

$280/sqft

$3,223 Estimated rent

Home value

$1,113,700

$1.02M - $1.21M

$3,223/mo

Zestimate^® history

Owner options

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$3,223/mo

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$3,223/mo

Rent Zestimate^®

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$6,896/mo

Est. payment

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$6,896/mo

Est. payment

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What's special

Massive 3 Family near Vinnin Square in Salem. Unit 1 : 2 bed 1 bath with in unit laundry, Unit 2: 2 bed 1 bath with in unit laundry, Unit 3: 3 bed 1 bath with laundry in basement by coin op. All apartments rented with leases maturing soon. Each unit is very large with dining room and living room. Parking for 6. All units are deleaded. 505 Loring is very well maintained. Open house Friday April 20th from 5PM to 630PM. Offers Due to present to seller Monday April 23rd at 5PM.

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: 7
Bathrooms: 3
Full bathrooms: 3

Heating

Other, Oil

Features

Basement: Partially finished

Interior area

Total interior livable area: 3,982 sqft

Property

Features

Exterior features: Other

Lot

Size: 5,662 sqft

Details

Parcel number: SALEM21L0210

Construction

Type & style

Home type: MultiFamily

Materials

Frame
Roof: Asphalt

Condition

Year built: 1895

Community & neighborhood

Location

Region: Salem

Other

Other facts

Amenities: Public Transportation, Shopping, Park, Golf Course, Medical Facility, Laundromat, House Of Worship, Marina, T-Station, University, Tennis Court, Walk/Jog Trails, Swimming Pool
Basement Feature: Full
Construction: Frame
Exterior: Vinyl
Flooring: Wood, Tile
Foundation: Fieldstone
Hot Water: Natural Gas
Rms Dscrp 1: Living Room, Dining Room, Kitchen, Laundry
Rms Dscrp 2: Living Room, Kitchen, Laundry, Dining Room
Road Type: Public
Roof Material: Asphalt/Fiberglass Shingles
Beach Description: Bay, Harbor, Ocean
Beachfront Flag: Yes
Energy Features: Insulated Windows, Insulated Doors, Storm Doors
Apod Available: Yes
Hea Common: Hot Water Baseboard, Gas, Oil, Forced Air
Lot Description: Level, Shared Drive
Utility Connections: For Gas Range
Beach Ownership: Public
Exterior Features: Porch - Enclosed
Mf Type: 3 Family - 3 Units Up/Down

Price history

Date	Event	Price
5/30/2018	Sold	$665,000+5.6%$167/sqft
Source: Public Record Report a problem
4/25/2018	Pending sale	$629,900$158/sqft
Source: Liberty Residential Realty, LLC #72310347 Report a problem
4/17/2018	Listed for sale	$629,900+20.6%$158/sqft
Source: Liberty Residential Realty, LLC #72310347 Report a problem
6/7/2016	Sold	$522,500$131/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$11,820 +7%	$1,042,300 +9.6%
2024	$11,048 +2.4%	$950,800 +10.3%
2023	$10,785	$862,100
2022	$10,785 +8.3%	$862,100 +19.5%
2021	$9,959 +8.7%	$721,700 +13.8%
2020	$9,166 +13.9%	$634,300 +19.1%
2019	$8,044 +9.5%	$532,700 +11.5%
2018	$7,347 +3.4%	$477,700 +6.7%
2017	$7,102 +5.9%	$447,800 +4.7%
2016	$6,704 +0.8%	$427,800 +5.5%
2015	$6,654 +14.7%	$405,500 +16.9%
2014	$5,802 +9.2%	$346,800 +2%
2012	$5,313 -3.2%	$339,900 -6.8%
2011	$5,487 +0.3%	$364,600 -6.6%
2010	$5,468 -3.2%	$390,300 -10.7%
2009	$5,646 +1.8%	$437,000 -8.1%
2008	$5,548 -0.7%	$475,400 -8.4%
2007	$5,589 +6.8%	$518,900 +11.1%
2006	$5,234 +3%	$466,900 +4.5%
2005	$5,083 +4.8%	$446,700 +7.9%
2004	$4,848 +27.6%	$414,000 +40.2%
2003	$3,799 +15.3%	$295,200 +21.2%
2002	$3,296 +26.2%	$243,600 +41.5%
1999	$2,612 +35.2%	$172,200 +12.8%
1994	$1,932	$152,700