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198 Loring Ave, Salem, MA 01970$569,900

3
beds
2
baths
2432
ft2
· 7261
ft2 lot
$234 / ft2

Listing provided courtesy of Michael Shea, Shea Real Estate
Source MLS PIN;
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GROUP SHOWING CANCELED 11/28 DUE TO TENANT FOOD POISONING Looking for RENTAL INCOME? Then 198 Loring Avenue is a must see! This unique mixed use property features a three bedroom, 1 1/2 residential apartment with plenty of living space, a private backyard, and off-street parking. The lower level of the building is a leased commercial office with a highly visible signage location. BOTH units are currently rented to the same tenant. The property is conveniently located near Vinnin square, Salem State University, the MBTA train station, as well as many parks, beaches, museums and restaurants. Do not miss your chance to explore this amazing property - Group showing Sunday November 28th from 12-1PM

HOA

$—/month

On market

2 months

Year built

1900

Property type

2 Family 2 Units Up/Down

Parking

4

MLS

72898782

Price / Sq.Ft.

$234 / ft2

Status

Extended

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Home details for 198 Loring Ave

Interior Features & Layout
Rooms Info
•   
Additional Rooms: Living Room, Dining Room, Kitchen, Laundry, Sunroom, Office/Den
•   
Total Levels: 3, 1, 3
•   
Total Levels Unit 1: 1, 2
•   
Total Levels Unit 2: 1
•   
Total Rooms Unit 1: 6
•   
Total Rooms Unit 2: 3
•   
Total Rooms: 9, 9, 9
Heating & Cooling
•   
Cooling Zones: 1
•   
Heating Units: 2
•   
Heating Description Unit 1: Hot Water Baseboard, Gas
•   
Cooling Units: 1
•   
Cooling Descr 1: Window AC
•   
Cooling Descr 2: Ductless Mini-Split System
•   
Heating Zones: 3
•   
Heating Description Unit2: Ductless Mini-Split System
Interior Features
•   
Utility Description: Water, Water
•   
Interior Features: Walk-Up Attic, Cable TV Available, Hardwood Floors, Open Floor Plan, Wall to Wall Carpet
Virtual Tour
•   
Virtual Tour: 1
Bedrooms Info
•   
Total Beds: 3
•   
Unit 1 Beds: 3
Appliances
•   
Unit 1 Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Bathrooms Info
•   
Full Baths: 1, 1
•   
Half Baths: 2, 2
•   
Unit 1 Full Baths: 1
•   
Unit 2 Half Baths: 1
•   
Unit 1 Half Baths: 1
Flooring
•   
Flooring: Wall to Wall Carpet, Hardwood
Property, Lot, Community & Exterior Features
Property Features
•   
Beach Description: Ocean
•   
Beachfront
•   
Beach Ownership: Public
Community Info
•   
Total Units In Complex: 2
Property Type
•   
Property Type: 2 Family - 2 Units Up/Down
•   
Mls Prop Type: 2 Family - 2 Units Up/Down
•   
Mls Property Type: Multi-family
Community Features
•   
Area Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Lot Info
•   
Zoning: R1
•   
Lot Description: Corner, Paved Drive, Level
•   
Acres: 0.17
Exterior Features
•   
Building Exterior Details: Aluminum, Porch, Deck - Wood, Storage Shed
Building Info
•   
Sqft Source: Public Record
•   
Square Ft. Disclosure: Basement is finished commercial/office space not accessible from residential unit.
•   
Foundation: Fieldstone
•   
Roof: Asphalt/Fiberglass Shingles
•   
Year Built Description: Approximate
•   
Lead Paint: Unknown
•   
Year Built Source: Public Record
•   
Construction Materials: Frame
Basement Info
•   
Basement
•   
Basement Details: Full
Parking Info
•   
Parking Descriptions: Off-Street, On Street Permit, Improved Driveway
Utilities & Other Information
Water & Sewer Info
•   
Water Source: City/Town Water
•   
Sewer: City/Town Sewer
Utilities
•   
Utilities: for Electric Oven, Washer Hookup
Listing Details, Costs & Financing Information
Listing Info
•   
Offline Listing Number: 3331787
•   
Status: Extended
Lease Info
•   
Gross Income: 48000
•   
Net Operating Income: 48000
•   
Monthly Rent Unit 1: 2700
•   
Monthly Rent Unit 2: 1300
•   
Lease 1
•   
Lease 2
•   
Total Rent: 4000
Listing Details
•   
Disclosures: Home has a legal commercial office space on the basement level street side. Current allowed use is "general office space." To change the use there would need to be a special permit issued by the city of Salem.
•   
Dpr
Tax/Assessment Info
•   
Tax Year: 2021
•   
Assessed Value: 433300.00
•   
Taxes: 5979.54
•   
Apn: M:31 L:0031
School Neighborhood & Directions
Location
•   
Street Number: 198
•   
Map Book: 21353
•   
Beach Distance: 1/2 to 1 Mile
•   
Map Page: 66
•   
Directions: Please us GPS. South Salem.
•   
Road Type: Public
•   
Zip Code +4: 4352
Other
Calculation
•   
Price Per Sqft: 234.33
•   
List Price Per Sqft: 234.33
•   
Cdom Property: 67
•   
Cdom Broker: 67
•   
Cdom: 67

Neighborhood snapshot

57
Properties for sale
18
Median days on market
$344.65
Median sold price/sqft
104.53%
Sold/List %
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Property History for 198 Loring Ave

11/22/2021
11/22/2021
MLS PIN #72898782
active
MLS PIN #72898782
$569,900
--1.72%
09/22/2021
09/22/2021
MLS PIN #72898782
active
MLS PIN #72898782
$579,900
02/12/2021
02/12/2021
MLS PIN #72726793
cancelled
MLS PIN #72726793
$579,900
--3.19%
11/15/2020
11/15/2020
MLS PIN #72726793
pending
MLS PIN #72726793
$599,000
+3.29%
09/15/2020
09/15/2020
MLS PIN #72726793
active
MLS PIN #72726793
$579,900
+104.19%
See more property history

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