56 Loring Drive, Norwell, MA 02061

56 Loring Drive Norwell MA 02061
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Owner Information
Owner 1
Michael B Hotarek & Keri E
Owner 2
Owner's Address
56 Loring Dr Norwell, MA 02061
Market Sale Information
Most recent sale date
6/1/2011
Previous sale date
12/3/2009
Transfer document #
39987-102
Previous transfer document
37991-205
Grantor
Chrisitne B Gillis
Previous grantor
Chester A Gillis
Most recent sale price
$1,082,250.00
Previous sale price
$100.00
Site Information
Property ID
35-54
Lot Size
1.94
Use Code
101 - Residential, single family
Zoning
Building Style
Colonial
Number of Rooms
11
Stories
2
Number of Beds
5
Year Built
1996
Number of full baths
3
Condition
Number of half baths
1
Finished Area
4104
Number of Kitchen
Gross Living Area
8353
Number of Fireplaces
Bsmnt floot
Number of parking
Interior walls
Drywall/Sheet
Floor type
Hardwood
Solar Hot Water
No
Roof Structure
Gable/Hip
Heating type
Oil
Roof Cover
Asph/F Gls/Cmp
Heating fuel
Hot Water
Frame type
Air Condition (%)
Sidings
Vinyl Siding
Assessment Information
Fiscal Year
2024
Land Value
$337,200.00
Total value
$1,384,600.00
Building value
$1,036,100.00
Estimated tax
$21,170.00
Yard improvement value
$11,300.00
Flood Map MassMapper Google Street View
Certified Mass Appraisal
2015201620172018201920202021$0$200,000$400,000$600,000$800,000$1,000,000$1,200,000$1,400,000Total Assessment ($)ImprovementsLandBuildingTotal Assessment
Comparable Properties
Mailing Labels $Valuation Report
85 Jacobs Lane7 Lauras Lane56 Loring Drive$0$200,000$400,000$600,000$800,000$1,000,000$1,200,000$1,400,000$1,600,000Subject PropertyTotal Assessment ($)Total Assessment
Address 56 Loring Drive A) 7 Lauras LaneB) 85 Jacobs Lane
Photo
Plan
Map
Proximity 0.40.5
Last Sold 2/28/202512/9/2024
Price $1,825,000$1,630,000
Net Living Area 3,1143,354
Stories 22
Sale Price/sft $263.71$586.06$485.99
Style ColonialColonialColonial
Age 199619991994
Rooms 11107
Bedrooms 543
Full baths 333
Half baths 110
Gross Living Area 835370688800
Heating Fuel Hot WaterHot WaterHot Water
Detached Garage
Lot Size 1.9411.42
Roof Cover Asph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/Cmp
AEM Value - Building $1,036,100.00$740,200$740,400
AEM Value - Land $337,200.00$328,600$260,200
AEM Value - Other $11,300.00$6,700$26,600
AEM Value - Total $1,384,600.00$1,075,500$1,027,200
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 56 Loring Drive 6/1/2011 $1,082,250 0 Colonial 4,104 1.94 5 3-1 -
  Criteria
A 7 Lauras Lane 2/28/2025 $1,825,000 0.4 Colonial 3,114 1 4 3-1
B 85 Jacobs Lane 12/9/2024 $1,630,000 0.5 Colonial 3,354 1.42 3 3-0
Averages 120 days $1,727,500 0.48 --- 3,234 1.21 --- ---  

Estimation of Market Value - $2,233,649

As of today, 05/18/2025, the estimated market value of 56 Loring Drive, Norwell considering the above 2 comparable properties is $2,233,649.

 

In estimating the current market value, RealtyInSite follows the sales comparison (market) approach which is an approach based on the principles of supply and demand (principle of change) and the principle of substitution. The principle of substitution assumes that a prudent person will pay no more for a property than it would cost to purchase a comparable substitute property.

 

Comparable sales data are applied to arrive at an estimate of value. By default, comparable properties are those properties located within 1 mile of the subject property that have sold within the last 6 months and have a similar size of living area. The table shown above lists the comparable properties that were considered. Note that which properties are considered comparables can be adjusted by varying the selection criteria or deleting non-representative properties.

Neighboring Properties
Mailing Labels
29 Loring Drive50 Loring Drive40 Loring Drive59 Loring Drive56 Loring Drive49 Loring Drive39 Loring Drive$0$200,000$400,000$600,000$800,000$1,000,000$1,200,000$1,400,000$1,600,000$1,800,000$2,000,000Subject PropertyTotal Assessment ($)Total Assessment
# Address Last Sold Sale Price Dist(m) Style LA (sq ft) Lot(ac) BR F-HB
@ 56 Loring Drive 6/1/2011 $1,082,250 0 Colonial 4,104 1.94 5 3-1 -
  Criteria
A 50 Loring Drive 5/14/2021 $1,250,000 0.0 Colonial 2,604 1.78 3 2-1
B 59 Loring Drive 12/6/2023 $2,200,000 0.1 Colonial 3,512 2.6 4 2-1
C 40 Loring Drive 7/8/2022 $1,950,000 0.1 Colonial 3,646 1.55 4 2-1
D 49 Loring Drive 9/25/2009 $935,000 0.1 Colonial 5,222 1.45 4 4-0
E 39 Loring Drive 8/30/2019 $1,425,000 0.1 Colonial 4,782 1 3 5-0
F 29 Loring Drive 10/30/2006 $880,000 0.1 Colonial 4,036 1.16 3 3-1
Averages 2936 days $1,440,000 0.08 --- 3,967 1.59 --- ---  
DISCLAIMER: The information in this report was collected from the concerned Assessors Office and Registry of Deeds.  Compu-Links disclaims any and all representations or warranties as to the accuracy of this information
35-054 56 Loring Drive