103 Loring # 3, Salem MA 01970

Salem, MA 01970
$417,500
Est. $2,222/month
2
Beds
1
Baths
925
Sq Ft
$451
Price/Sq Ft
1915
Year Built
Condominium
Type
141
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73268775

About this home

Low $125/mo HOA! This beautifully renovated 2bed 1bath offers 925sqft+ of stylish and comfortable living space. Situated in a prime location, just under 2 miles from downtown Salem and approximately 1 mile from the proposed location of the upcoming South Salem Commuter Rail, this home is perfect for those seeking convenience and luxury. With a fully updated kitchen and living area (2022) there's nothing for you to do but move in! In addition to your living area you have over 600sf of private attic space which offers plenty of room for additional storage. This penthouse offers the perfect blend of modern amenities and convenient location: 10 beaches within 5 miles, less than 5 miles to the North Shore mall and Lifetime, under 10 miles to all that Lynnfield Market Street has to offer. Whether you're looking for a home of your own or a great investment opportunity come see what all the buzz is about in Salem MA!

Sale Statistics

Sale Overview
Original List Price: $449,000
Final Sale Price: $417,500
Difference: $31,500 (-7.0%)
Performance Metrics
93.0%
List to Sale Ratio
Sold below asking price
141
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $485
Sale $/sq ft: $451
This property sold for $451 per square foot
Sale Summary

This property sold for 7.0% below the original asking price.

At 141 days on market, this property took longer than average to sell.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1915
Bedrooms
2
Full Bathrooms
1
Living Area
925 sq ft
Total Rooms
4
Stories
1
Entry Level
3

Interior Features

Heating
Baseboard
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Has Fireplace
Yes
Number of Fireplaces
1
Basement Details
Y

Exterior & Structure

Has Spa
No
Waterfront Features
1 to 2 Mile To Beach
Waterfront Property
No

Lot & Land

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
2

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

HOA Fee
$125
HOA Fee Frequency
Monthly
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$4,096
Tax Year
2024
Tax Assessed Value
$352,500
Parcel Number
5195646
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
New electric fireplace (2022)
Exclusions
Washer + Dryer Not Included

Location

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Neighborhood

103 Loring # 3, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $341
Homeowners Insurance $200
HOA Fee $125
PMI $0

Property History

Market Insights

1.8%
Price Range
106
Total Days on Market

Property Timeline

Sold
Dec 23, 2024
$417,500
Property sold
Days on Market: 106
🏠
Listed for Sale
Jul 31, 2024
$425,000
Original listing
Agent: Jonathan Ladas Office: Young Realty Group, LLC

Price & Status History

Date Event Price Change
Jul 31, 2024 New Listing Added $425,000

Market Statistics

Days on Market
141 days
Price per Sq Ft
$451

Tax History

Year Taxes Assessment
2024 $4,096 $352,500

Financial Details

Annual Property Tax
$4,096
Tax Year 2024
HOA Fee
$125
Monthly
Assessed Value
$352,500

Listing Information

Listing Agent Jonathan Ladas
Listing Office Young Realty Group, LLC
Agent MLS ID CN233784
Office MLS ID AN8284

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