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Lawrence 01843 South West
338 Salem St
$246,000
● House - Off Market

338 Salem St

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,417 Ft²
$386,084
RealtyHop Estimate
51.47%
Since Nov 1, 2018
National-US
Primary Model

About This Property

Many updates including vinyl siding, new roof in 2016, and tilt-out energy windows. 220 electric service, hot water heater, and new carpeting in living room and stairs. All appliances remain including washer and gas dryer on 1ST floor and new refrigerator. 1ST floor has walk in oversize shower, remodeled kitchen (craftsman built). Gas boiler, hot water with radiation. Chimney repaired in 2016. Motion activated flood lights side and rear. New solid rear door to basement. 6 rooms with 3 bedrooms on second floor and two additional finished rooms on 3rd floor unheated. Yard has Reeds Ferry shed, will remain. Fenced in yard and driveway parking for 3 cars. Yard has partial brick patio, fertilized and compost. Fruit trees and perennial plantings. Hurry on this one!!
Unit Size
1,417 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$180
Property Type
House
Property Taxes
$200
HOA Dues
-
Year Built
1910

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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 #72368260)

Price History

Date / Event Date Event Price
Oct 30, 2018 Sold
Premium
Sold
Jul 24, 2018 Listed by Coco, Early & Associates $254,900
Listed by Coco, Early & Associates

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 4,650
  • Total Building Area: 1,417
  • Gross Building Area: 2,592
  • Building Area: 1,417
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,417
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000107
  • 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: 251500

Geography

  • Account Number: 141 0000 0073 A
  • Parcel: LAWR M:0141 B:0000 L:0073
  • Lot: 73
  • Municipality: LAWRENCE
  • Latitude: 42.6961
  • Longitude: -71.1666

    Address

  • Full Address: 338 Salem St
  • Address - House Number: 338
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C032
  • 4-Digit Zip Code: 1236
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $296,700

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 423,277
  • High Value: 502,526
  • Low Value: 344,027

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $320,800
  • Assessed Land Value: $109,100
  • Assessed Improvements Value: $211,700

    Sales

  • Current Sale Recording Date: Oct 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26509
  • Previous Sale Recording Date: Jul 03, 2012
  • 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 West

Stats & Trends

Median Asking:

$589,000

Sale Price/ft²

$324

Below Asking

0.01%

Average Days on Market

65

Average Home Size

1170 ft²

Average Home Age

39.8 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# 72368260

Frequently Asked Questions

When was property at 338 Salem Street built and last sold?
The property at 338 Salem Street was built in 1910 and last sold on Jan 1, 1970 for $246,000.
How much is this home worth?
The estimated value of the home located at 338 Salem Street is $256,730.
What are some comparable homes to 338 Salem Street?
There are currently no comparable homes to 338 Salem Street.
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