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Lawrence 01843 South Common
48 Springfield St
$276,000
● House - Off Market

48 Springfield St

Lawrence, MA 01843
bedrooms
4 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
1,249 Ft²
$372,981
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Searching for that opportunity home? Here is a Colonial style home offering 4 bdrms, 1 full bathroom & 2 half bathrooms, hardwood flooring, updated kitchen, fenced in yard. Garage on your wish list? This home boast a two stall garage and 5 off street parkings. Updated heating systems and roof. Carefree vinyl siding and walk out basement door! Great opportunity for the first time home buyer ready to add some sweat equity and bring their personal touches!
Unit Size
1,249 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$215
Property Type
House
Property Taxes
$241
HOA Dues
-
Year Built
1920

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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: 4 months ago (MLSPIN #72665157)

Price History

Date / Event Date Event Price
Jul 14, 2020 Sold
Premium
Sold
Jun 1, 2020 Listed by LAER Realty Partners $269,000
Listed by LAER Realty Partners
Nov 22, 2013 Sold
Premium
Sold
Sep 21, 2013 Listed by LAER Realty Partners $134,900
Listed by LAER Realty Partners
Apr 9, 2004 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 4,750
  • Total Building Area: 1,249
  • Gross Building Area: 2,454
  • Building Area: 1,249
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,249
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 618R BOSTON ST
  • Land Acres: 0000000109
  • 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: 251600

Geography

  • Account Number: 102 0000 0027 A
  • Parcel: LAWR M:0102 B:0000 L:0027
  • Lot: 27
  • Municipality: LAWRENCE
  • Latitude: 42.6995
  • Longitude: -71.1573

    Address

  • Full Address: 48 Springfield St
  • Address - House Number: 48
  • Address - Street Name: Springfield
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C031
  • 4-Digit Zip Code: 1519
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $322,700

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 409,028
  • High Value: 485,609
  • Low Value: 332,446

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $348,900
  • Assessed Land Value: $109,900
  • Assessed Improvements Value: $239,000

    Sales

  • Current Sale Contract Date: Jul 10, 2020
  • Current Sale Recording Date: Jul 14, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17520
  • Previous Sale Recording Date: Nov 22, 2013
  • Previous Sale Amount: $140,000
  • 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 Common

Stats & Trends

Median Asking:

$849,900

Sale Price/ft²

$273

Below Asking

0.01%

Average Days on Market

68

Average Home Size

4305 ft²

Average Home Age

96 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72665157

Frequently Asked Questions

When was property at 48 Springfield Street built and last sold?
The property at 48 Springfield Street was built in 1920 and last sold on Jul 10, 2020 for $276,000.
How much is this home worth?
The estimated value of the home located at 48 Springfield Street is $270,385.
What are some comparable homes to 48 Springfield Street?
There are currently no comparable homes to 48 Springfield Street.
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