173 Loring Ave, Salem MA 01970

Salem, MA 01970 • South Salem
$780,000
Est. $4,151/month
4
Beds
2
Baths
1,880
Sq Ft
$415
Price/Sq Ft
0.11
Acres
1930
Year Built
2 Family - 2 Units Up/Down
Type
16
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73287259

About this home

Group Showing/Open House CANCELED 9/15. Welcome to 173 Loring Ave, Salem—a beautifully updated two-family home close to Salem State University. Each unit features 2 bedrooms and 1 bathroom, offering modern and comfortable living spaces. Both units have been thoughtfully renovated with new kitchens showcasing contemporary appliances and stylish cabinetry. The open living and dining areas are highlighted by gleaming hardwood floors. Each unit has recent updates including heating systems, windows, roof, kitchens, baths and fresh paint throughout, enhancing both efficiency and aesthetic appeal. Located in a vibrant neighborhood with convenient access to Salem State University, dining, shopping, and cultural attractions, as well as nearby parks, Forest Street beach and the Commuter Rail. This well-maintained property is perfect for investment opportunities or multi-generational living.

Sale Statistics

Sale Overview
Original List Price: $750,000
Final Sale Price: $780,000
Difference: +$30,000 (+4.0%)
Performance Metrics
104.0%
List to Sale Ratio
Sold above asking price
16
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $399
Sale $/sq ft: $415
This property sold for $415 per square foot
Sale Summary

This property sold for 4.0% above the original asking price, indicating strong buyer demand.

With only 16 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
2 Family - 2 Units Up/Down
Property Category
Residential Income
Year Built
1930
Bedrooms
4
Full Bathrooms
2
Living Area
1,880 sq ft
Total Rooms
8
Stories
3
Levels
3

Interior Features

Flooring
Wood, Tile
Has Fireplace
No
Basement Details
Full, Sump Pump
Window Features
Insulated Windows

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Concrete Perimeter
Patio/Porch Features
Porch
Has Spa
No
Waterfront Features
Creek, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.11 acres
Lot Size
4,700 sq ft
Lot Size Area
0.1100
Lot Features
Level
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Paved Drive, Off Street

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers

Community & HOA

Community Features
Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Private School, Public School, University
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$7,151
Tax Year
2024
Tax Assessed Value
$615,400
Parcel Number
M:31 L:0107,2133849
Zoning
R

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
1st floor tenant has a 17 month lease at 2200. Tenants wants to stay in the property.

Location

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Neighborhood

South Salem

173 Loring Ave, 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 $596
Homeowners Insurance $200
PMI $0

Property History

Market Insights

3.8%
Price Range
18
Total Days on Market

Property Timeline

Sold
Nov 1, 2024
$780,000
Property sold
Days on Market: 18
🏠
Listed for Sale
Sep 9, 2024
$750,000
Original listing
Agent: Steven Lynch Office: Real Broker MA, LLC

Price & Status History

Date Event Price Change
Sep 9, 2024 New Listing Added $750,000

Market Statistics

Days on Market
16 days
Price per Sq Ft
$415

Tax History

Year Taxes Assessment
2024 $7,151 $615,400

Financial Details

Annual Property Tax
$7,151
Tax Year 2024
Assessed Value
$615,400

Listing Information

Listing Agent Steven Lynch
Listing Office Real Broker MA, LLC
Agent MLS ID CT005938
Office MLS ID AN4866

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