16-18 Loring Ave, Salem MA 01970 – 9 bed 7 bath For Sale – 73338064
Overview
- Updated On:
- February 27, 2025
-
- 73338064
- 9 Bedrooms
- 6 Bathrooms
- 6 Garage Spaces
- 7 Non-Garage Parking Spaces
- 1895
Description
Prominent Victorian home with total of 5 units and recent approval for 6th, along with 6 large concrete garages located in the rear of property on Charles Street. This home has been in the same family for over 60 years, has been well maintained, with long term tenants and empty owners unit with plans to split into 2 units. Great detail inside and out, this property boast high ceilings, hardwood floors, detailed fireplace rooms as well as the added income from the 6, 12 x 35′ garages underneath the yard in the rear of the property.
This property is listed by Matthew Power from 1 Percent Realty, LLC
Property Listing Details
Overview
| MLS Status | Active |
|---|---|
| Price | $ 1,959,000 |
| Living Area | 5,998.00 ft2 |
| Bedrooms | 9 |
| Total Rooms | 25 |
|---|---|
| Listing MLS ID | 73338064 |
| Days on Market | 2 |
| Bathrooms | 6 |
Unit Information
| Bedrooms | 9 |
|---|---|
| Full Bathrooms | 5 |
| Half Bathrooms | 2 |
| Cooling | |
| Heating | |
| Uncovered Parking | 7 |
| Garage Parking | 6 |
| Water View | No |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | |
| Lead Paint | Unknown |
| Outdoor Space Available | |
| Living Area Includes Basement | Full |
| Patio And Porch Features | Porch |
| Parking Features | Off Street |
| Waterview Features | |
| Flooring | Wood,Tile,Vinyl,Carpet |
Building Information
| Building Name | |
|---|---|
| Units in Building | 5 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | |
| Association Fee Includes | |
| Construction Materials | Frame |
| Year Built | 1895 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | Full |
| Roof | Shingle |
Additional Details
| Community Features | Public Transportation,T-Station |
|---|---|
| Disclosures | Broker has ownership interest in this property. |
| Last Updated | 2025-02-27T20:28:00.000Z |
| Building Area Source | Public Records |
| MLS PIN Page | |
| Parcel Number | M:32 L:0088 |
| Original List Price | 1959000 |
| Listing Office | 1 percent realty, llc |
| Tax Annual Amount | 22804 |
|---|---|
| Tax Assessed Value | 2010900 |
| Tax Book Number | 16578 |
| Tax Year | 2025 |
| Year Built Details | Approximate |
| Year Built Source | Public Records |
| Zoning | R2 |
| Listing Agent | matthew power |
Property Address
Amenities and Features
Payment Calculator
- Principal and Interest
- Property Tax
- HOA fee
Map
What's Nearby
Contact Me
Similar Listings
35 Northey, Salem MA 01970 – 16 bed 8 ...
30 Irving St, Salem MA 01970 – 6 bed 2...
112 North St, Salem MA 01970 – 4 bed 3...
16-18 Loring Ave, Salem MA 01970 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.
16-18 Loring Ave, Salem MA 01970 – 9 bed 7 bath For Sale – 73338064
$ 1,959,000
Status: Active
16-18 Loring Ave, Salem MA 01970, Salem, South Salem, Essex 01970
Country: US
Property Overview
MLS #: 73338064
Type: 5+ Family - 5+ Units Side by Side /
Action: Residential Income
Year Built: 1895 (Approximate, Source: Public Records, Effective: )
Living Area: 5,998.00 ft2 (Total: 5998 Square Feet, Source: Public Records)
Lot Size: 0.41 ft2 (Area: 0.41 Acres, SqFt: 17986)
Total Rooms: 25
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 9 (Main Level: )
Bathrooms: Total: 6 (Full: 5, Half: 2, Decimal: 6, Main Level: )
Basement: Full
Fireplaces: 4 ()
Flooring: Wood,Tile,Vinyl,Carpet
Laundry:
Window Features: Insulated Windows,Storm Window(s)
Door Features: Storm Door(s)
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials: Frame
Foundation: Stone,Granite (Area: )
Roof: Shingle
Stories: 10 (10)
Common Walls:
Body Type:
Utilities & Green Features
Heating:
Cooling:
Water Source: Public
Sewer: Public Sewer ()
Utilities: Varies per Unit
Electric: (Expense: 4416)
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 6
Covered Spaces: 6
Parking Total: 7
Parking Features: Off Street
Pool:
Spa:
Patio/Porch: Porch
Fencing:
Lot Features: Level
View: (, Waterview Y/N: No)
Waterfront:
Road Frontage: Public ()
Road Surface:
Road Responsibility:
Other Structures:
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features: Public Transportation,T-Station
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: , M: , H:
Zoning: R2 ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
Property Description
Prominent Victorian home with total of 5 units and recent approval for 6th, along with 6 large concrete garages located in the rear of property on Charles Street. This home has been in the same family for over 60 years, has been well maintained, with long term tenants and empty owners unit with plans to split into 2 units. Great detail inside and out, this property boast high ceilings, hardwood floors, detailed fireplace rooms as well as the added income from the 6, 12 x 35′ garages underneath the yard in the rear of the property.
Room Details
Living Room (): x ( sqft) - Features:
Dining Room (): x ( sqft) - Features:
Kitchen (): x ( sqft) - Features:
Master Bedroom (): x ( sqft) - Features:
Master Bathroom: Features:
Laundry Dimensions:
Multi-Unit Information (if applicable)
Total Units: 5
Units Owner Occupied:
Unit 1: Beds: 4, Full Baths: 1, Half Baths: 2, Levels: 2, Rent: 0, Lease: N
Unit 2: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 2200, Lease: N
Unit 3: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1437, Lease: N
Unit 4: Beds: 2, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1800, Lease: N
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 22804 (Year: 2025)
Tax Assessed Value: 2010900
Tax Block/Lot/Book/Map: / / 16578 /
Parcel Number: M:32 L:0088
Special Licenses:
Current Financing:
Gross Income: 106000 (Scheduled: 6072)
Net Operating Income: 68756
Operating Expense: 13132 (Water/Sewer: 1382, Insurance: )
Financial Data Source:
APOD Available: Yes
Tenant Pays:
Rent Includes:
Total Actual Rent: 5437
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: Matthew Power (MLS ID: C9501070) / Team:
Listing Office: 1 Percent Realty, LLC (MLS ID: AN1018)
Agent (Property): 57
Buyer Agent MLS ID:
Buyer Office MLS ID:
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2025-02-25
Expiration Date: 1900-01-01
Original List Price: 1959000
Price Per SqFt (List): 326.61
Market Time (Property): 2 (Broker: 2, Prev Broker: 0, Prev Property: 0)
MLS Status: New
Possession:
Directions: 1A, across from the Horace Mann School
Disclosures: Broker has ownership interest in this property., N
Lead Paint: Unknown
Title 5:
Exclusions:
Contingency:
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag:
Listing Alert: No
Square Feet Disclosures: (Incl. Base: No, Other: )
Master Book/Page: / (Page: 250)
Sale Information (if applicable)
Close Date:
Close Price:
Price Per SqFt (Sold):
Anticipated Sold Date:
Concessions Amount:
Purchase Contract Date:
Sold vs Rent:
System Information
Property ID: 1807398
Modification Timestamp: 2025-02-27T20:28:00.000Z
Bridge Modification Timestamp: 2025-02-27T20:29:26.847Z
Original Entry Timestamp: 2025-02-25T16:49:00.000Z
Status Change Timestamp: 2025-02-25T16:49:00.000Z
Off Market Date:
Development Status:
Business Type:
