NOT LISTED FOR SALE

505 Loring Ave Unit 2 Salem, MA 01970

Vinnin Square Neighborhood

Estimated Value: $1,088,000 - $1,304,000

2 Beds
1 Bath
900 Sq Ft
$1,288/Sq Ft Est. Value

About This Home

This home is located at 505 Loring Ave Unit 2, Salem, MA 01970 and is currently estimated at $1,159,185, approximately $1,287 per square foot. 505 Loring Ave Unit 2 is a home located in Essex County with nearby schools including Saltonstall School, Horace Mann Laboratory, and Witchcraft Heights Elementary School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2022
Sold by
Saide Brett and Saide Dennis
Bought by
Pearleo Llc
Current Estimated Value
$1,159,185

Purchase Details

Closed on
Oct 13, 2020
Sold by
Pearleo Llc
Bought by
Saide Brett and Saide Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2019
Sold by
Saide Brett and Saide Dennis
Bought by
Pearleo Llc

Purchase Details

Closed on
May 30, 2018
Sold by
Thomas Richard
Bought by
Saide Brett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,750
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2016
Sold by
505 Loring Avenue Rt and Camillo
Bought by
Thomas Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,250
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 1979
Bought by
505 Loring Ave Rt
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Pearleo Llc -- None Available
Saide Brett -- None Available
Pearleo Llc -- --
Saide Brett $665,000 --
Saide Brett $665,000 --
Thomas Richard $522,500 --
505 Loring Ave Rt $71,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Saide Brett $485,000
Previous Owner Saide Brett $498,750
Previous Owner Thomas Richard $371,250
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 $11,820 $1,042,300 $179,400 $862,900
2024 $11,048 $950,800 $179,400 $771,400
2023 $10,785 $862,100 $164,200 $697,900
2022 $10,401 $785,000 $158,100 $626,900
2021 $9,959 $721,700 $149,000 $572,700
2020 $9,166 $634,300 $133,800 $500,500
2019 $8,044 $532,700 $121,700 $411,000
2018 $7,347 $477,700 $113,100 $364,600
2017 $7,102 $447,800 $106,400 $341,400
2016 $6,704 $427,800 $86,400 $341,400
2015 $6,654 $405,500 $86,400 $319,100
Source: Public Records

Map

Massachusetts Essex County Salem 01970 Vinnin Square

505 Loring Ave Unit 2, Salem, MA

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes