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Lawrence 01843 South Common
119 Salem Street
$355,000
● House - Off Market

119 Salem Street

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,296 Ft²
$425,681
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

Welcome home to this beautiful South Lawrence Ranch occupied by the same owners the last 27 years! This 3 bedroom single family home offers open concept dining, upgraded kitchen with granite countertops, vaulted ceiling and hardwood flooring throughout the main level. Extra space in the lower level including laundry, family room, and plenty of storage space. All thats needed is your finishing touches! Off-street parking for 4+ cars. Huge fully fenced in backyard with more than enough space for entertaining summer cookouts and family gatherings. Newer Roof (2010). New Boilers and Hot Water Tank (2018.) Buyers and Buyer's agents must wear gloves and masks. No Showings until first Open House 8/1 and 8/2 11-1:00pm. SOLD AS IS.
Unit Size
1,296 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$243
Property Type
House
Property Taxes
$296
HOA Dues
-
Year Built
1960

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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 #72699880)

Price History

Date / Event Date Event Price
Sep 11, 2020 Sold
Premium
Sold
Jul 31, 2020 Listed by Coco, Early & Associates The Andovers $314,900
Listed by Coco, Early & Associates The Andovers
Aug 27, 1993 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 9,500
  • Total Building Area: 1,296
  • Gross Building Area: 3,098
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000218
  • 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: 102 0000 0047 A
  • Parcel: LAWR M:0102 B:0000 L:0047
  • Lot: 47
  • Municipality: LAWRENCE
  • Latitude: 42.6986
  • Longitude: -71.1579

    Address

  • Full Address: 119 Salem St
  • Address - House Number: 119
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C031
  • 4-Digit Zip Code: 1515
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $392,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 498,378
  • High Value: 588,868
  • Low Value: 407,888

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $423,800
  • Assessed Land Value: $140,400
  • Assessed Improvements Value: $283,400

    Sales

  • Current Sale Contract Date: Aug 28, 2020
  • Current Sale Recording Date: Sep 11, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 24162
  • Previous Sale Recording Date: Aug 27, 1993
  • Previous Sale Amount: $62,500
  • 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:

$825,000

Sale Price/ft²

$268

Below Asking

0.01%

Average Days on Market

76

Average Home Size

5013 ft²

Average Home Age

94 years

Currently For Sale

5 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72699880

Frequently Asked Questions

When was property at 119 Salem Street built and last sold?
The property at 119 Salem Street was built in 1960 and last sold on Aug 28, 2020 for $355,000.
How much is this home worth?
The estimated value of the home located at 119 Salem Street is $317,533.
What are some comparable homes to 119 Salem Street?
There are currently no comparable homes to 119 Salem Street.
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