NOT LISTED FOR SALE

198 Loring Ave Salem, MA 01970

South Salem Neighborhood

Estimated Value: $628,396

3 Beds
3 Baths
2,432 Sq Ft
$258/Sq Ft Est. Value

About This Home

This home is located at 198 Loring Ave, Salem, MA 01970 and is currently estimated at $628,396, approximately $258 per square foot. 198 Loring Ave is a home located in Essex County with nearby schools including Saltonstall School, Horace Mann Laboratory, and Carlton Elementary School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2022
Sold by
Fabiano Jennifer and Fabiano Joseph
Bought by
Ramirez Hector and Patrone Carlos
Current Estimated Value
$628,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$547,893
Outstanding Balance
$520,346
Interest Rate
4.72%
Mortgage Type
FHA
Estimated Equity
$94,482

Purchase Details

Closed on
Jul 25, 2003
Sold by
Mootafian Margaret and Mootafian Nishan
Bought by
Fabiano Joseph and Guy Jennifer M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,698
Interest Rate
5.27%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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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
Ramirez Hector $558,000 None Available
Fabiano Joseph $284,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Hector $547,893
Previous Owner Fabiano Joseph $300,000
Previous Owner Fabiano Joseph $328,500
Previous Owner Fabiano Joseph $280,698
Source: Public Records

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 -- $570,500 $187,000 $383,500
2024 -- $539,600 $187,000 $352,600
2023 $0 $488,700 $171,200 $317,500
2022 $0 $474,900 $164,800 $310,100
2021 $0 $433,300 $155,300 $278,000
2020 $0 $396,900 $139,500 $257,400
2019 $0 $369,600 $126,800 $242,800
2018 $0 $324,300 $117,900 $206,400
2017 $0 $302,700 $110,900 $191,800
2016 $4,568 $281,800 $90,000 $191,800
2015 $4,568 $266,200 $90,000 $176,200
Source: Public Records

Map

Massachusetts Essex County Salem 01970 South Salem

198 Loring Ave, Salem, MA

This home is located at 198 Loring Ave, Salem, MA 01970 and is currently estimated at $628,396, approximately $258 per square foot. 198 Loring Ave is a home located in Essex County with nearby schools including Saltonstall School, Horace Mann Laboratory, and Carlton Elementary School.

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