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469 Loring Ave, Salem MA 01970

Salem, MA 01970 • South Salem
$405,000
Est. $2,604/month
2
Beds
1
Baths
1,136
Sq Ft
$357
Price/Sq Ft
0.11
Acres
1916
Year Built
8
Days on Market
Closed Listed Mar 2, 2022 • MLS# 72947656 Copied!

About this home

Located at the edge of South Salem and mere moments away from the heart of Vinnin Square, this two bedroom single family home offers an incredible investment opportunity in a desirable location that offers the convenience of downtown living within a highly accessible area for commuters as well. Beach access just 2 miles away. Set off the main street with a long driveway and garage, addition parking on Chandler Rd, this home boasts a two bedroom first floor and one bathroom, as well as an expansive finished basement. An expansive side and front yard allows for the perfect opportunity to add finishing touches and make the most of this outstanding opportunity to turn this investment opportunity into a picturesque home in the heart of the North Shore. A great chance to invest in an ideal neighborhood! Photo renderings provided to help you imagine the ideal renovation but home will not be delivered as renderings show.

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1916
Bedrooms
2
Full Bathrooms
1
Living Area
1,136 sq ft
Total Rooms
4

Sale Statistics

Sale Overview
Original List Price: $379,000
Final Sale Price: $405,000
Difference: +$26,000 (+6.9%)
Performance Metrics
106.9%
List to Sale Ratio
Sold above asking price
8
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $334
Sale $/sq ft: $357
This property sold for $357 per square foot
Sale Summary

This property sold for 6.9% above the original asking price, indicating strong buyer demand.

With only 8 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Single Family Residence
Year Built 1916
Living Area 1,136 sq ft
Lot Size 0.11 acres
Bedrooms 2
Full Baths 1
Total Rooms 4

Interior

Heating Baseboard, Natural Gas
Cooling None
Flooring Hardwood
Appliances Range, Dishwasher, Refrigerator, Washer, Dryer
Fireplace None
Fireplaces 1
Basement Full, Partially Finished
Laundry In Basement
Features None

Exterior

Construction None
Architecture Bungalow
Roof None
Features Patio
Pool None
Spa None
Fencing Fenced/enclosed
Patio/Porch Patio

Parking

Garage Spaces 1
Has Garage Yes
Features Detached, Paved Drive, Off Street, Paved
Total Spaces 6

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $4,276
Assessed Value $322,700

Interior Features

Flooring: Hardwood
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: Full, Partially Finished
Laundry: In Basement
Security:

Construction & Materials

Style: Bungalow
Year Built: 1916
Structure Type:
Exterior Materials:
Roof:
Foundation: Block, Stone

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Patio
Patio & Porch: Patio
Fencing: Fenced/Enclosed
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 6
Parking Features: Detached, Paved Drive, Off Street, Paved

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Walk/Jog Trails, Golf, Medical Facility, Conservation Area, Public School, T-Station

Location

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Neighborhood

South Salem

469 Loring Ave, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School District
Salem School District local
B-
School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
1.9% below state avg
E

Elementary Schools

3 schools
The Greenhouse School
0.7 mi
Grades PK-08
A+
Glover School
1.0 mi | #63 of 824 | Score: 61.5
Improved 47 spots from last year
+3.3 above state avg
318 students Moderate
Rising School Strong Attendance
Grades PK-03
B+
Swampscott Elementary School
1.1 mi | #326 of 824 | Score: 50.0
Dropped 54 spots from last year
-8.2 below state avg
Limited historical data for year-over-year comparison
734 students Moderate
Grades K-04
M

Middle Schools

3 schools
B+
Swampscott Middle School
1.0 mi | #122 of 352 | Score: 47.2
Dropped 51 spots from last year
-11 below state avg
654 students Moderate
Grades PK-08
C+
Collins Middle School
1.9 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
B+
Village School
1.9 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
H

High Schools

3 schools
A-
Swampscott High School
1.2 mi | #98 of 346 | Score: 60.1
Dropped 66 spots from last year
+1.9 above state avg
706 students Moderate
18 sports • 1,578 athletes
Strong AP Program High Graduation Rate Career Tech Programs College Ready Curriculum
Grades 09-12
B
Salem High School
1.4 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
A-
Marblehead High School
1.5 mi | #80 of 346 | Score: 62.1
Dropped 37 spots from last year
+3.9 above state avg
861 students Less Diverse
20 sports • 2,426 athletes
Strong AP Program High Graduation Rate Career Tech Programs College Ready Curriculum
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $356
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

6.4%
Price Range
12
Total Days on Market

Property Timeline

Sold
Apr 20, 2022
$405,000
Property sold
Days on Market: 12
🏠
Listed for Sale
Mar 2, 2022
$379,000
Original listing
Agent: Ebb & Flow Group Office: Compass

Price & Status History

Date Event Price Change
Apr 11, 2026 Sold $525,000
Mar 2, 2022 New Listing Added $379,000

Market Statistics

Days on Market
8 days
Price per Sq Ft
$357

Tax History

Year Taxes Assessment
2022 $4,276 $322,700

Financial Details

Annual Property Tax
$4,276
Tax Year 2022
Assessed Value
$322,700

Listing Information

Listing Agent Ebb & Flow Group
Listing Office Compass
Agent MLS ID TM346792
Office MLS ID AN6818
Listing Data Updated Apr 20, 2022 12:16 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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