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Lawrence 01843 South Common
34A Salem St
$319,900
● House - Off Market

34A Salem St

Lawrence, MA 01843
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,448 Ft²
$538,955
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

New Construction in great South Lawrence neighborhood.  2 blocks from Rte 495, 3 levels boasting  over 2, 300 sq ft of living space, 4th bedroom in lower level with full bath and walk out access. Cherry cabinets with granite counter tops, real hardwood floors, slider to rear deck overlooking huge back yard , a must see.
Unit Size
2,448 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$131
Property Type
House
Property Taxes
$8,333
HOA Dues
-
Year Built
2016

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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 years ago (MLSPIN #72086768)

Price History

Date / Event Date Event Price
Nov 18, 2016 Sold
Premium
Sold
Oct 27, 2016 Listed by Berkshire Hathaway HomeServices Verani Realty $319,900
Listed by Berkshire Hathaway HomeServices Verani Realty

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 6,840
  • Total Building Area: 1,468
  • Gross Building Area: 2,365
  • Building Area: 1,468
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,468
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000157
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: North Andover School District
  • School Tax School District: LAWRENCE SD
  • Census Tract: 251600

Geography

  • Account Number: 63 0000 0048
  • Parcel: LAWR M:0063 B:0000 L:0048 2
  • Lot: 48 2
  • Municipality: LAWRENCE
  • Latitude: 42.6994
  • Longitude: -71.1479

    Address

  • Full Address: 34-a Salem St
  • Address - House Number: 34-a
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C033
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $473,800

    Appraisal Valuation

  • Standard Deviation: 0.1566
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 585,848
  • High Value: 677,638
  • Low Value: 494,058

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $512,200
  • Assessed Land Value: $123,500
  • Assessed Improvements Value: $388,700
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:

$875,000

Sale Price/ft²

$273

Below Asking

0.01%

Average Days on Market

69

Average Home Size

4258 ft²

Average Home Age

81 years

Currently For Sale

6 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 years ago
Data Source: MLS PIN, MLS# 72086768

Frequently Asked Questions

When was property at 34A Salem Street built and last sold?
The property at 34A Salem Street was built in 2016 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 34A Salem Street is $334,659.
What are some comparable homes to 34A Salem Street?
There are currently no comparable homes to 34A Salem Street.
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