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Lawrence 01843 South West
345 S Broadway
$290,000
● House - Off Market

345 S Broadway

Lawrence, MA 01843
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$408,366
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Great location on the Andover Line, 5 minutes to Route 495, route 28 and Route114. Easy access to shopping areas and downtown area.  Well maintained Ranch on a Corner lot.  Home has Hardwood floors throughout the main floor.  There is an eat in kitchen and a living /dining area on the main floor.  Basement is fully finished with several rooms that can be used a s a family suite and entertainment area.  Both Levels have Central Air.  Keep your cars safe and dry in the two car Garage and the two off street parking spaces. This is a great value, don't miss this one.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$169
Property Type
House
Property Taxes
$224
HOA Dues
-
Year Built
1920

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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 #72348840)

Price History

Date / Event Date Event Price
Jul 31, 2018 Sold
Premium
Sold
Jun 19, 2018 Listed by Keller Williams Realty $269,900
Listed by Keller Williams Realty
Dec 9, 1997 Sold
Premium
Sold
Oct 16, 1997 Listed by Keller Williams Realty $79,900
Listed by Keller Williams Realty

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 4,425
  • Total Building Area: 940
  • Gross Building Area: 2,088
  • Building Area: 940
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 940
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000102
  • 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 0015 A
  • Parcel: LAWR M:0097 B:0000 L:0015
  • Lot: 15
  • Municipality: LAWRENCE
  • Latitude: 42.688
  • Longitude: -71.1582

    Address

  • Full Address: 345 S Broadway
  • Address - House Number: 345
  • 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: $322,000

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 433,139
  • High Value: 514,234
  • Low Value: 352,043

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $348,100
  • Assessed Land Value: $107,300
  • Assessed Improvements Value: $240,800

    Sales

  • Current Sale Recording Date: Jul 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18397
  • Previous Sale Recording Date: Dec 09, 1997
  • Previous Sale Amount: $79,900
  • 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 West

Stats & Trends

Median Asking:

$569,450

Sale Price/ft²

$319

Below Asking

0.01%

Average Days on Market

66

Average Home Size

1299 ft²

Average Home Age

52.2 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# 72348840

Frequently Asked Questions

When was property at 345 South Broadway built and last sold?
The property at 345 South Broadway was built in 1920 and last sold on Jan 1, 1970 for $296,000.
How much is this home worth?
The estimated value of the home located at 345 South Broadway is $278,443.
What are some comparable homes to 345 South Broadway?
There are currently no comparable homes to 345 South Broadway.
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