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Lawrence 01843 South Common
4-A Salem Street
$280,000
● House - Off Market

4-A Salem Street

Lawrence, MA 01843
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,272 Ft²
$420,419
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

MOVE IN READY! Beautiful Single-Family home. Located in South Lawrence close to major highways 495, 93, and Rte 213. Commuter Rail and other forms of Public Transportation also nearby. Plenty of parks and outdoor trails nearby. This home was recently renovated has a new roof and all utilities upgraded.  Plenty of off-street parking included. The home also has a spacious back-yard and patio to go with it. First Showing of the property will be at the OPEN HOUSE Sat-4/27 2pm-4pm & Mon- 4/29 7pm-8:30pm! All Offers to be reviewed on Tuesday by 5pm.
Unit Size
1,272 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$225
Property Type
House
Property Taxes
$243
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: 4 months ago (MLSPIN #72489354)

Price History

Date / Event Date Event Price
Jun 21, 2019 Sold
Premium
Sold
Apr 26, 2019 Listed by Realty World Related Realty Group $285,999
Listed by Realty World Related Realty Group
Aug 4, 2014 Sold
Premium
Sold
Jan 16, 2014 Listed by Realty World Related Realty Group $150,000
Listed by Realty World Related Realty Group

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 5,000
  • Total Building Area: 1,272
  • Gross Building Area: 1,930
  • Building Area: 1,272
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,272
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 44 0000 0030
  • Parcel: LAWR M:0044 B:0000 L:0030
  • Lot: 30
  • Municipality: LAWRENCE
  • Latitude: 42.6997
  • Longitude: -71.1443

    Address

  • Full Address: 4a Salem St
  • Address - House Number: 4a
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C033
  • 4-Digit Zip Code: 1723
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $321,300

    Appraisal Valuation

  • Standard Deviation: 0.186
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 445,266
  • High Value: 528,100
  • Low Value: 362,433

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $347,300
  • Assessed Land Value: $111,900
  • Assessed Improvements Value: $235,400

    Sales

  • Current Sale Contract Date: May 23, 2019
  • Current Sale Recording Date: Jun 21, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14060
  • Previous Sale Recording Date: Aug 04, 2014
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72489354

Frequently Asked Questions

When was property at 4A Salem Street built and last sold?
The property at 4A Salem Street was built in 1920 and last sold on May 23, 2019 for $285,000.
How much is this home worth?
The estimated value of the home located at 4A Salem Street is $285,531.
What are some comparable homes to 4A Salem Street?
There are currently no comparable homes to 4A Salem Street.
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