117-119 Loring Avenue

Salem, MA
$ 735,000 Beds 6 Baths 2 Sq 2,796
Monthly Estimate* How much can I afford?

Special offering! Here is an opportunity to own a 6-Bedroom multi-family in South Salem. Two identical layouts with 3 bedrooms, 1 full bath, dining room, living room and eat-in kitchen with (front and back) decks for each unit. Also, great potential, on third level walk-up, to add even more living space. Family-owned and well-maintained for 85 years! Pride in ownership shines through with many details and updates, including original archways and mill-work, hardwood floors, some newer windows, new storm doors, new flooring in kitchens, paint, newer appliances, bathroom renovations, re-enforced decks, front decks with maintenance-free decking, extended driveway... Currently occupied by tenants, with leases until May (1st floor) & June (2nd floor). Ample amount of off-street parking, which is so important for snow removal days. Conveniently located close to downtown Salem and Salem State University, shops, restaurants, public transportation, making this an IDEAL INVESTMENT.

Contingent

  • Price
  • $ 735,000
  • Lot Size
  • 5,663 SqFt
  • Bedrooms
  • 6
  • Sqr Footage
  • 2,796
  • Full Bathrooms
  • 2
  • Year Built
  • 1915
  • Half Bathrooms
  • 0
  • City, Zip
  • Salem
  • Taxes
  • $ 7385
  • County
  • ESSEX
  • Style
  • 2 Family - 2 Units Up/Down
  • Area
  • South Salem
  • MLS#
  • 72933468
  • Zip
  • 01970
Listing Provided by: Holly Baldassare with J. Barrett & Company.
Data Source: Massachusetts MLS Property Info Network (MLSPIN)

Features

General

Construction Material Frame
Exterior Features Porch, Deck, Fenced Yard, Garden Area
Flooring Tile, Wall to Wall Carpet, Hardwood
Full Baths 2
Lead Paint Yes, Certified Treated
Levels 2
Parking Features Off-Street, Paved Driveway
Parking Spaces 6
Roof Asphalt/Fiberglass Shingles
Sewer City/Town Sewer
Square Feet 2796.00
State Massachusetts
Unit 1 Rent 1830
Unit 2 Rent 1830

Interior Features

Basement Features Full, Walk Out, Interior Access, Garage Access, Unfinished Basement, Exterior Access
Bedrooms (1) 3
Bedrooms (2) 3
Hot Water Natural Gas
Total Bedrooms 6
Total Number of Units 2

Exterior Features

Exterior Aluminum
Foundation Fieldstone, Brick
Garage Spaces 1
House Color Brown
Lot 97
Lot Description Corner, Paved Drive

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Methuen, MA office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

1/13/2022 Listed $735,000

Property vs Zip Code Average in 01970

Price
AVG $500K
$740K
Taxes
AVG $5,094
$7,385
Visits
AVG 14
7
Year Built
AVG 1918
1915

Map

Areas That We Cover

117-119 Loring Avenue Salem, MA is a Single Family Home for sale at $735000 with 2796 sqft and a lot size of 5,663 SqFt Acre(s). 117-119 Loring Avenue Salem has 6 bedrooms, 2 baths and was built in 1915. The property's zip code is 01970 which is in Salem, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.