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Lawrence 01843 South West
374 Salem St
$150,000
● House - Off Market

374 Salem St

Lawrence, MA 01843
bedrooms
2 Beds
bathrooms
1 Bath
square feet
907 Ft²
$266,065
RealtyHop Estimate
77.50%
Since Jan 1, 2016
National-US
Primary Model

About This Property

Wow, Nothing to do but move right in. This turnkey 2-3 bedroom house is ready to have the holidays. This home has vinyl windows, a brand new roof, brand new gas heating system and hot water tank, fresh paint throughout, new carpet and flooring, updated bath, New gas range and plenty of storage in the basement and a large level fenced in yard with detached garage and shed. Close by the end of the year and get a free 1 year home warranty. No flood insurance needed
Unit Size
907 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$165
Property Type
House
Property Taxes
$171
HOA Dues
-
Year Built
1900

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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 #71922917)

Price History

Date / Event Date Event Price
Dec 21, 2015 Sold
Premium
Sold
Oct 22, 2015 Listed by Moor Realty Group $149,900
Listed by Moor Realty Group
Sep 22, 2015 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 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: 907
  • Gross Building Area: 1,701
  • Building Area: 907
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 907
  • 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: 140 0000 0015 A
  • Parcel: LAWR M:0140 B:0000 L:0015
  • Lot: 15
  • Municipality: LAWRENCE
  • Latitude: 42.6959
  • Longitude: -71.1673

    Address

  • Full Address: 374 Salem St
  • Address - House Number: 374
  • 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: $299,700

    Appraisal Valuation

  • Standard Deviation: 0.1768
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 342,704
  • High Value: 403,177
  • Low Value: 282,231

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $324,000
  • Assessed Land Value: $109,100
  • Assessed Improvements Value: $214,900

    Sales

  • Current Sale Recording Date: Dec 21, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 113109
  • Previous Sale Recording Date: Sep 22, 2015
  • Previous Sale Amount: $90,000
  • Previous Sale Document Type: O
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

1292 ft²

Average Home Age

50.8 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71922917

Frequently Asked Questions

When was property at 374 Salem Street built and last sold?
The property at 374 Salem Street was built in 1900 and last sold on Jan 1, 1970 for $150,000.
How much is this home worth?
The estimated value of the home located at 374 Salem Street is $157,655.
What are some comparable homes to 374 Salem Street?
There are currently no comparable homes to 374 Salem Street.
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