NOT LISTED FOR SALE

220 Loring Ave Salem, MA 01970

South Salem Neighborhood

Estimated Value: $999,000 - $1,047,202

6 Beds
3 Baths
3,419 Sq Ft
$298/Sq Ft Est. Value

Last Sold September 17, 2020

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

Est. 39% increase in value since last sale

Current estimated payment $6,532/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 Listed By

Merry Fox Team

MerryFox Realty Listed on: 07/23/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,100

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

Est. Annual Taxes

$9,100

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
  • 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
Total Days on Market
6
Current Estimated Value
$1,031,586

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
7.07%
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
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

Range of Values:

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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
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 Change Sq Ft Price
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 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 $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

    23 in this area

    281 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

    3 in this area

    88 Total Sales

    Armando Vranari
    Section Image
See All Agents

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

Homes for Sale in Salem, MA

This home is located at 220 Loring Ave, Salem, MA 01970 since 23 July 2020 and is currently estimated at $1,020,301, approximately $298 per square foot. This property was built in 1920. 220 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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