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20 Loring Ave # 1, Salem MA 01970

Salem, MA 01970
$350,000
Est. $2,503/month
2
Beds
1
Baths
788
Sq Ft
$444
Price/Sq Ft
0.21
Acres
1900
Year Built
28
Days on Market
Closed Listed Aug 8, 2024 • MLS# 73275625 Copied!

About this home

FRESHLY PAINTED FIRST FLOOR END-UNIT CONDOMINIUM with two bedrooms and one bathroom NEAR DOWNTOWN. There is THREE-CAR DRIVEWAY PARKING JUST FOR THIS UNIT ALONE, and a convenient PRIVATE SIDEENTRANCE TO UNIT. The NEWLY CONSTRUCTED FRONT PORCH entrance was just completed. Unit has ALL NEW WINDOWS, CEILING FANS, ELECTRICAL OUTLETS, and SWITCHES. Features a comfortable LIVING ROOM and DINING AREA with HARDWOOD FLOORING and an ENCLOSED BACK PORCH. The hot water radiators have been sandblasted and restored with three coats of paint. Includes PRIVATE LAUNDRY, OUTDOOR YARD SPACE, and BASEMENT STORAGE. Close to PUBLIC TRANSPORTATION and SALEM HARBOR with beaches, pools, playground, basketball court, baseball field, and trails. The $210/month homeowner’s association fee covers landscaping, snow removal, exterior maintenance, water/sewer, master insurance, and reserve funds. EXTERIOR PAINTING JUST COMPLETED! Price reflects upgrades needed in kitchen and bathroom.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
2
Full Bathrooms
1
Living Area
788 sq ft
Total Rooms
5
Stories
1
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $350,000
Final Sale Price: $350,000
Difference: +$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
28
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $444
Sale $/sq ft: $444
This property sold for $444 per square foot
Sale Summary

This property sold exactly at the asking price.

With only 28 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 4 similar properties sold within 0.5 miles in the last 90 days

This Property
$444/sq ft
Area Average
$383/sq ft
Difference
+16.0%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 788 sq ft
Lot Size 0.21 acres
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Hot Water, Natural Gas
Cooling None
Flooring Wood, Hardwood
Appliances None
Fireplace None
Basement Y
Laundry In Basement, In Building
Features Sun Room

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Porch
Pool None
Spa None
Fencing None
Patio/Porch Porch

Parking

Features Off Street, Tandem, Assigned
Total Spaces 3

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven

Financial

Annual Tax $3,883
Assessed Value $323,800

Interior Features

Flooring: Wood, Hardwood
Appliances:
Interior Features: Sun Room
Windows:
Basement: Y
Laundry: In Basement, In Building
Security:

Construction & Materials

Year Built: 1900
Structure Type: 2/3 Family
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

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

Exterior & Lot

Exterior Features: Porch
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 3
Parking Features: Off Street, Tandem, Assigned

Location

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Neighborhood

20 Loring Ave # 1, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

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 $324
Homeowners Insurance $200
HOA Fee $210/mo
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

29
Total Days on Market

Property Timeline

Sold
Sep 23, 2024
$350,000
Property sold
Days on Market: 29
🏠
Listed for Sale
Aug 8, 2024
$350,000
Original listing
Agent: Michael Consoli Office: Consoli Realty Group

Price & Status History

Date Event Price Change
Aug 8, 2024 New Listing Added $350,000

Market Statistics

Days on Market
28 days
Price per Sq Ft
$444

Tax History

Year Taxes Assessment
2025 $3,883 $323,800

Financial Details

Annual Property Tax
$3,883
Tax Year 2025
HOA Fee
$210
Monthly
Assessed Value
$323,800

Listing Information

Listing Agent Michael Consoli
Listing Office Consoli Realty Group
Agent MLS ID C8002722
Office MLS ID AC2458
Listing Data Updated Sep 23, 2024 12:54 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

20 Loring Ave # 1, Salem MA 01970 - Photo 1 20 Loring Ave # 1, Salem MA 01970 - Photo 2 20 Loring Ave # 1, Salem MA 01970 - Photo 3 20 Loring Ave # 1, Salem MA 01970 - Photo 4 20 Loring Ave # 1, Salem MA 01970 - Photo 5 20 Loring Ave # 1, Salem MA 01970 - Photo 6 20 Loring Ave # 1, Salem MA 01970 - Photo 7
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