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Rockingham
185 Lawrence Road
Photo of 185 Lawrence Road
Sold on May 7, 2025

41

Map

Photo of 185 Lawrence Road
Photo of 185 Lawrence Road
$524,000
● House - Off Market

185 Lawrence Road

Salem, NH 03079
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,092 Ft²
$2,824
Est. Monthly
5.96%
Cap Rate

About This Property

Easy One-Level Living in Prime Salem Location! This beautifully maintained 3-bedroom home offers the perfect blend of comfort and modern convenience. Enjoy an open-concept layout with a spacious living room, kitchen, and dining area featuring hardwood floors and a vaulted ceiling for an airy feel. The kitchen is a standout with Birch cabinetry, granite countertops, stainless steel appliances, and a new dishwasher. Step through the slider to an oversized 33x12 deck with a screen room, ideal for relaxing. The large, fenced-in backyard is perfect for outdoor enjoyment and features a new above-ground pool, just in time for summer. Additional highlights: updated bathroom, 16x10 shed with electricity, five-zone irrigation, French drain, and an unfinished basement. Minutes to highways, Boston, beaches, 300+ acres of recreation at Salem Town Forest, Salem Rail Trail, Rockingham Mall, and Tuscan Village. Pre-inspected for peace of mind.
Unit Size
1,092 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$439
Property Type
House
Property Taxes
$472
HOA Dues
-
Year Built
1947

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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: 2 years ago (MLSPIN #73345421)

Price History

Date / Event Date Event Price
May 7, 2025 Sold
Premium
Sold
Mar 13, 2025 Listed $479,000
Listed
Jun 17, 2022 Sold
Premium
Sold
Nov 25, 2002 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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: 6,970
  • Total Building Area: 1,092
  • Gross Building Area: 2,701
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM
  • Census Tract: 100401

Zoning

  • Zoning: RES

Geography

  • Parcel: SLEM M:129 B:397 L:
  • Block: 397
  • Municipality: SALEM
  • Latitude: 42.7597
  • Longitude: -71.1973

    Address

  • Full Address: 185 Lawrence Rd
  • Address - House Number: 185
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Rd
  • State: NH
  • City Name: Salem
  • Carrier Code: C010
  • 4-Digit Zip Code: 3936
  • Zip Code: 03079

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $545,300

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 433,027
  • High Value: 507,753
  • Low Value: 358,302

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $321,500
  • Assessed Land Value: $127,700
  • Assessed Improvements Value: $193,800

    Sales

  • Current Sale Contract Date: Jun 17, 2022
  • Current Sale Recording Date: Jun 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 22026547
  • Previous Sale Recording Date: Nov 25, 2002
  • Previous Sale Amount: $184,000
  • Previous Sale Document Type: 71

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
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 Rockingham

Stats & Trends

Median Asking:

$625,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2900 ft²

Average Home Age

49.8 years

Currently For Sale

1007 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

Unit for rent at 18 Artisan, Salem, 03079

$5,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,166 ft²
18 Artisan #UNIT207, Salem, 03079 Listing by Sterling Seymour
Unit for rent at 5 Sally Sweets, Salem, 03079

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,346 ft²
5 Sally Sweets #129, Salem, 03079 Listing by Josh Judge
Unit for rent at 8 Lancelot, Salem, 03079

$2,200 /mo

  • 2 Beds
  • 1 Bath
  • 916 ft²
8 Lancelot #17, Salem, 03079 Listing by Caroleann M. Ohannessian

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73345421

Frequently Asked Questions

When was property at 185 Lawrence Road built and last sold?
The property at 185 Lawrence Road was built in 1947 and last sold on Jun 17, 2022 for $454,000.
How much is this home worth?
The estimated value of the home located at 185 Lawrence Road is $474,929.
What are some comparable homes to 185 Lawrence Road?
There are currently no comparable homes to 185 Lawrence Road.
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