NOT LISTED FOR SALE

220 Loring Ave Salem, MA 01970

South Salem Neighborhood

Estimated Value: $1,011,000 - $1,060,737

6 Beds
3 Baths
3,419 Sq Ft
$304/Sq Ft Est. Value

Last Sold September 17, 2020

Last sale price $740,000 $216 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $6,167/month

6 Days on Market

About This Home

As of September 2020

Two Twenty Loring Avenue is a solidly built 3 family that has been family owned for many years, First and second floor consist of living room, dining room with built in china closets, butlers pantry, 2 bedrooms and 2 baths plus front and back porches. The 3rd floor unit is also a 2 bedroom unit. The private grounds and land includes 11,526 square feet of land and parking . The property is close to public transportation, shopping, Salem State University and the YMCA.

Last Agent to Sell the Property

Merry Fox Team

MerryFox Realty Listed on: 07/23/2020

Co-Listed By

Betsy Merry

MerryFox Realty

Last Buyer's Agent

Armando Vranari

ALB Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 0.26

Additional Features

  • Wood Flooring
  • Year Round Access
  • Natural Gas Water Heater
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:31 L:0008

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 210.30
  • Comp Based On: Net Sale Price
  • Year Built: 1920
  • Lead Paint: Unknown
  • Year Round: Yes
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1920

Interior Features

  • Flooring: Hardwood
  • Total Flrs: 5
  • No Bedrooms: 6
  • Total Brs: 6
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 18
  • Basement: Y
  • Basement Features: Full
  • Main Lo: C95279
  • Main So: AN4125
  • Estimated Sq Ft: 3419.00

Exterior Features

  • Beachfront Flag: Yes
  • Beach Miles To: 1 to 2 Mile
  • Roof Material: Asphalt/Fiberglass Shingles
  • Foundation: Poured Concrete

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 6

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Heat Zones: 3
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Golf Course, Medical Facility, Public School, T-Station, University

Lot Info

  • Assessments: 476500.00
  • Acre: 0.26
  • Lot Size: 11526.00
  • Page: 220
  • Parcel Number: M:31 L:0008
  • Zoning: Res

Multi Family

  • APOD Available: Yes
  • Heat Units: 1
  • Total Levels: 3
  • Total Rent: 3650
  • Total Rms: 14
  • No Units: 3
  • Mf Type: 3 Family

Tax Info

  • Taxes: 6885.00
  • Assessor Parcel Number: 2133747

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2021
Sold by
Toska Arber
Bought by
220 Loring Avenue Llc
Current Estimated Value
$1,040,684

Purchase Details

Listed on
Jul 23, 2020
Closed on
Sep 3, 2020
Sold by
Meechin Alexia and Meechin Ryan C
Bought by
Toska Arber
Seller's Agent
Merry Fox Team
MerryFox Realty
Buyer's Agent
Armando Vranari
ALB Realty
List Price
$719,000
Sold Price
$740,000
Premium/Discount to List
$21,000
2.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.57%
Original Mortgage
$677,655
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 28, 2016
Sold by
Viglas Bill and Meechin Ryan C
Bought by
Meechin Ryan C and Meechin Alexia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2016
Sold by
220 Loring Avenue Rt and Viglas
Bought by
Viglas Vasilios and Meechin Ryan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 1992
Sold by
Fed Natl Mtg Assn
Bought by
Viglas Paul A and Viglas Bill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
8.45%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
220 Loring Avenue Llc -- None Available
Toska Arber $740,000 None Available
Toska Arber $740,000 None Available
Meechin Ryan C -- --
Viglas Vasilios $177,501 --
Viglas Paul A $130,000 --
Resolution Trust Corp $243,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Toska Arber $677,655
Previous Owner Viglas Vasilios $200,000
Previous Owner Resolution Trust Corp $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2020 09/17/20 Sold $740,000 +2.9% $216 / Sq Ft
07/29/2020 07/29/20 Pending -- -- --
07/23/2020 07/23/20 For Sale $719,000 -- $210 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $9,100 $802,500 $195,600 $606,900
2024 $8,501 $731,600 $195,600 $536,000
2023 $8,148 $651,300 $179,000 $472,300
2022 $8,121 $612,900 $172,400 $440,500
2021 $7,805 $565,600 $162,400 $403,200
2020 $6,885 $476,500 $145,900 $330,600
2019 $6,744 $446,600 $132,600 $314,000
2018 $6,215 $404,100 $123,300 $280,800
2017 $6,028 $380,100 $116,000 $264,100
2016 $5,613 $358,200 $94,100 $264,100
2015 $5,604 $341,500 $94,100 $247,400
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Merry Fox Team

    MerryFox Realty

    19 in this area

    258 Total Sales

    Merry Fox Team
    Section Image

  • B

    Seller Co-Listing Agent in 2020

    Betsy Merry

    MerryFox Realty

    Section Image
  • Armando Vranari

    Buyer's Agent in 2020

    Armando Vranari

    ALB Realty

    (978) 304-2625

    1 in this area

    71 Total Sales

    Armando Vranari
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72696846

MLS Property Information Network (MLS PIN)

APN: SALE-000031-000000-000008

Massachusetts Essex County Salem 01970 South Salem

220 Loring Ave, Salem, MA

Not Listed for Sale

MultiFamily

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