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Lawrence 01843 South West
343 South Broadway
$310,000
● House - Off Market

343 South Broadway

Lawrence, MA 01843
bedrooms
2 Beds
bathrooms
1 Bath
square feet
986 Ft²
$292,044
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

NO OPEN HOUSE ON SUNDAY-PRIVATE SHOWINGS ONLY.   This charming ranch boasts 2 bedrooms + an office, and 1 bathroom with laundry closet.  Some of the wonderful features include  wood and tile floors throughout, central air, one car under garage, and a nice level back yard.  It's conveniently located on South Broadway just a few blocks down from Mt Vernon Street.  A little updating would go a long way!   Showings begin at the open house on Saturday 11:30am-1:00pm.   Cash or Conventional Only
Unit Size
986 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$274
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #72917023)

Price History

Date / Event Date Event Price
Jan 4, 2022 Sold
Premium
Sold
Nov 5, 2021 Listed by Keller Williams Realty Metropolitan $270,000
Listed by Keller Williams Realty Metropolitan
Feb 27, 1995 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 5
  • 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: 1
  • 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: 4,572
  • Total Building Area: 986
  • Gross Building Area: 1,992
  • Building Area: 986
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 986
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000105
  • 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: 251800

Geography

  • Account Number: 97 0000 0016 A
  • Parcel: LAWR M:0097 B:0000 L:0016
  • Lot: 16
  • Municipality: LAWRENCE
  • Latitude: 42.6881
  • Longitude: -71.1582

    Address

  • Full Address: 343 S Broadway
  • Address - House Number: 343
  • Street Direction: S
  • Address - Street Name: Broadway
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C037
  • 4-Digit Zip Code: 2739
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $302,300

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 407,073
  • High Value: 471,372
  • Low Value: 342,774

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $326,800
  • Assessed Land Value: $108,400
  • Assessed Improvements Value: $218,400

    Sales

  • Current Sale Contract Date: Jan 03, 2022
  • Current Sale Recording Date: Jan 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 185
  • Previous Sale Recording Date: Feb 27, 1995
  • Previous Sale Amount: $25,000
  • 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

$315

Below Asking

0.01%

Average Days on Market

66

Average Home Size

1647 ft²

Average Home Age

79 years

Currently For Sale

7 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# 72917023

Frequently Asked Questions

When was property at 343 South Broadway built and last sold?
The property at 343 South Broadway was built in 1940 and last sold on Jan 3, 2022 for $310,000.
How much is this home worth?
The estimated value of the home located at 343 South Broadway is $277,896.
What are some comparable homes to 343 South Broadway?
There are currently no comparable homes to 343 South Broadway.
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