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Lawrence 01843 South Common
1 Salem St
$115,000
● House - Off Market

1 Salem St

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,184 Ft²
$241,163
RealtyHop Estimate
115.32%
Since Jul 1, 2012
National-US
Primary Model

About This Property

**Welcome Home** This yellow colonial is set amidst one of the better neighborhoods in Lawrence. Offering 3 bedrooms, 1.5 baths, fenced yard, enclosed porch, and so much more.  It can be your own for a very affordable $112,000.00. The short sale of this property has been approved.
Unit Size
1,184 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$95
Property Type
House
Property Taxes
$185
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (MLSPIN #71376523)

Price History

Date / Event Date Event Price
Jul 2, 2012 Sold
Premium
Sold
May 2, 2012 Listed by Aegis Realty Group $112,000
Listed by Aegis Realty Group
Oct 23, 2006 Sold
Premium
Sold
Jun 20, 2006 Listed by Aegis Realty Group $234,900
Listed by Aegis Realty Group
Dec 3, 2002 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,375
  • Total Building Area: 1,184
  • Gross Building Area: 1,964
  • Building Area: 1,184
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,184
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOMESTEAD ASSOCIATION INC
  • Land Acres: 0000000123
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lawrence School District
  • School Tax School District: LAWRENCE SD
  • Census Tract: 251600

Geography

  • Account Number: 44 0000 0023 A
  • Parcel: LAWR M:0044 B:0000 L:0023
  • Lot: 23
  • Municipality: LAWRENCE
  • Latitude: 42.7002
  • Longitude: -71.1438

    Address

  • Full Address: 1 Salem St
  • Address - House Number: 1
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C033
  • 4-Digit Zip Code: 1722
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $326,300

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 412,435
  • High Value: 489,654
  • Low Value: 335,215

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $352,800
  • Assessed Land Value: $114,300
  • Assessed Improvements Value: $238,500

    Sales

  • Current Sale Recording Date: Jul 02, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000001
  • Previous Sale Recording Date: Oct 23, 2006
  • Previous Sale Amount: $231,900
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Common

Stats & Trends

Median Asking:

$875,000

Sale Price/ft²

$273

Below Asking

0.01%

Average Days on Market

69

Average Home Size

4258 ft²

Average Home Age

81 years

Currently For Sale

6 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71376523

Frequently Asked Questions

When was property at 1 Salem Street built and last sold?
The property at 1 Salem Street was built in 1920 and last sold on Jan 1, 1970 for $115,000.
How much is this home worth?
The estimated value of the home located at 1 Salem Street is $126,788.
What are some comparable homes to 1 Salem Street?
There are currently no comparable homes to 1 Salem Street.
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