NOT LISTED FOR SALE

103-105 Loring Ave Unit 3 Salem, MA 01970

South Salem Neighborhood

Estimated Value: $395,000 - $457,000

2 Beds
1 Bath
925 Sq Ft
$125/mo HOA Fee

Last Sold June 01, 2022

Last sale price $374,900 $405 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,854/month

18 Days on Market

Highlights

  • Marina
  • No Units Above
  • Open Floorplan
  • Medical Services
  • Waterfront
  • Property is near public transit

About This Home

As of June 2022

Welcome Home! Conveniently located near downtown Salem, the MBTA commuter rail, Salem State University and Forest River Park, this tree top 2 bedroom penthouse boasts plenty of space and is absolutely move-in-ready. Highlights include an OPEN CONCEPT living/dining and kitchen with vaulted ceiling and stainless-steel appliances. Modern updated bathroom with high end finishes. Both bedrooms are good size with GLEAMING HARDWOOD FLOORS and plenty of closet space! This PET FRIENDLY home has it all, including: low condo fees ($125), off street parking and common yard space. HUGE ATTIC SPACE from back to front of house to make use for storage! Come and see it!

Last Listed By

The Mavroules Team

Good Deeds Realty Partners Listed on: 04/07/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,242

Year Built

  • Built in 1915 | Remodeled

Lot Details

  • Waterfront
  • No Units Above

HOA Fees

  • $125 Monthly HOA Fees

Home Design

  • Garden Home
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 925 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Light Fixtures
  • Window Screens
  • Laundry in Basement

Kitchen

  • Range
  • Microwave
  • Kitchen Island
  • Solid Surface Countertops

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on third floor
  • 1 Full Bathroom
  • Separate Shower

Parking

  • 1 Car Parking Space
  • Off-Street Parking

Outdoor Features

  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Baseboard Heating
  • Oil Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2133833

Community Details

Overview

  • Association fees include water, sewer, insurance, ground maintenance, snow removal, trash, reserve funds
  • 3 Units
  • 103 105 Loring Avenue Condominiums Community

Amenities

  • Medical Services
  • Common Area
  • Shops
  • Laundry Facilities
  • Community Storage Space

Recreation

  • Marina
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,242

Year Built

Built in 1915 | Remodeled

Lot Details

0

HOA Fees

$125 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden
  • Year Built: 1915
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Entry Level: 3
  • Transaction Broker: 2
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile, Hardwood
  • Fireplace YN: No
  • Appliances: Range,Microwave,Refrigerator, Oil Water Heater, Utility Connections for Electric Range
  • Total Bedrooms: 2
  • Room Bedroom2 Level: Third
  • Room Bedroom2 Features: Closet, Flooring - Hardwood, Remodeled, Lighting - Overhead
  • Room Bedroom2 Area: 132
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Closet, Flooring - Hardwood, Remodeled, Lighting - Overhead
  • Room Master Bedroom Level: Third
  • Room Master Bedroom Area: 144
  • Master Bathroom Features: No
  • Bathroom 1 Area: 72
  • Bathroom 1 Features: Bathroom - Full, Bathroom - With Shower Stall, Flooring - Vinyl, Countertops - Stone/Granite/Solid, Remodeled, Lighting - Overhead
  • Bathroom 1 Level: Third
  • Room Kitchen Level: Third
  • Room Kitchen Features: Flooring - Vinyl, Kitchen Island, Open Floorplan, Remodeled, Lighting - Overhead
  • Room Kitchen Area: 120
  • Laundry Features: In Basement, In Building
  • Room Living Room Level: Third
  • Room Living Room Area: 238
  • Room Living Room Features: Ceiling Fan(s), Flooring - Vinyl, Open Floorplan, Remodeled
  • Living Area: 925
  • Stories Total: 1
  • Window Features: Screens
  • MAIN LO: AN7338
  • LIST PRICE PER Sq Ft: 405.3
  • PRICE PER Sq Ft: 405.3
  • MAIN SO: AN2383

Exterior Features

  • Exterior Features: Rain Gutters
  • Common Walls: No One Above
  • Construction Materials: Frame
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, River, 1 to 2 Mile To Beach
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Oil
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Laundry, Storage
  • Association Fee: 125
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Medical Facility, Bike Path, House of Worship, Marina, Public School, T-Station, University
  • Senior Community YN: No
  • UNIT BUILDING: 3
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds

Lot Info

  • Parcel Number: 2133833
  • Zoning: Res
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • PAGE: res
  • OUTDOOR SPACE AVAILABLE: Yes - Common

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2022
  • Tax Book Number: 0

Multi Family

  • Number Of Units Total: 3
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2024
Sold by
Bowman Ian and Bowman Lauren
Bought by
Sellers Noah
Total Days on Market
18
Current Estimated Value
$426,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,500
Outstanding Balance
$376,853
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$39,441

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sellers Noah $417,500 None Available
Sellers Noah $417,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sellers Noah $377,500
Closed Sellers Noah $377,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2022 06/01/22 Sold $374,900 0.0% $405 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
04/22/2022 04/22/22 Price Changed $374,900 -3.8% $405 / Sq Ft
04/07/2022 04/07/22 For Sale $389,900 -- $422 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,242 $374,100 $0 $374,100
2024 $4,096 $352,500 $0 $352,500
2023 $3,901 $311,800 $0 $311,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72963731

MLS Property Information Network (MLS PIN)

APN: SALE M:31 L:0093 S:803