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Lawrence 01843 South West
378 Salem Street
Photo of 378 Salem Street
Sold on May 12, 2006

1

Map

$198,800
● House - Off Market

378 Salem Street

Lawrence, MA 01843
bedrooms
2 Beds
bathrooms
1 Bath
square feet
864 Ft²
$336,510
RealtyHop Estimate
68.34%
Since Jun 1, 2006
National-US
Primary Model

About This Property

The perfect beginning for the first-time buyers! Cutie Colonial in sought after South Lawrence area, eat-in kitchen, 2 bedrooms off street parking and a great, fenced-in yard located near new school and Heritage Park.
Unit Size
864 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$231
Property Type
House
Property Taxes
$98
HOA Dues
-
Year Built
1900

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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 #70326029)

Price History

Date / Event Date Event Price
May 15, 2006 Sold
Premium
Sold
Feb 2, 2006 Listed $199,900
Listed
Jul 10, 1998 Sold
Premium
Sold
Apr 24, 1998 Listed $59,900
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • 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: 3,837
  • Total Building Area: 864
  • Gross Building Area: 1,853
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 864
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000088
  • 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 0021 A
  • Parcel: LAWR M:0140 B:0000 L:0021
  • Lot: 21
  • Municipality: LAWRENCE
  • Latitude: 42.6958
  • Longitude: -71.1674

    Address

  • Full Address: 378 Salem St
  • Address - House Number: 378
  • 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: $328,900

    Appraisal Valuation

  • Standard Deviation: 0.1768
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 424,634
  • High Value: 499,564
  • Low Value: 349,704

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $355,600
  • Assessed Land Value: $102,600
  • Assessed Improvements Value: $253,000

    Sales

  • Current Sale Recording Date: May 15, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 16025
  • Previous Sale Recording Date: Jul 10, 1998
  • Previous Sale Amount: $55,000
  • 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

$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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70326029

Frequently Asked Questions

When was property at 378 Salem Street built and last sold?
The property at 378 Salem Street was built in 1900 and last sold on Jan 1, 1970 for $198,800.
How much is this home worth?
The estimated value of the home located at 378 Salem Street is $198,917.
What are some comparable homes to 378 Salem Street?
There are currently no comparable homes to 378 Salem Street.
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