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Salem 01970 South Salem
59 Lawrence St
Photo of 59 Lawrence St

1

Map

$169,900
● House - Off Market

59 Lawrence St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,800 Ft²
$1,221
Est. Monthly

About This Property

Single Family Home in private neighborhood of Salem, marble and hardwood floors throughout. NEEDS A LOT OF COSMETIC WORK, a lot of work was not finished and now seller wants out. Ideal for contractor or handy man not afraid of the work. Short Sale Pending 3rd party approval. Many upgrades including addition in the back (4 seasons room). Price reflects the house does need work, but hurry it won't last!
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$94
Property Type
House
Property Taxes
$387
HOA Dues
-
Year Built
2001

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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: 16 days ago (MLSPIN #71131587)

Price History

Date / Event Date Event Price
Apr 17, 2018 Sold
Premium
Sold
Aug 24, 2017 Listed by Re-Bound Properties $399,900
Listed by Re-Bound Properties
Aug 16, 2012 Sold
Premium
Sold
Apr 17, 2012 Listed by Re-Bound Properties $284,900
Listed by Re-Bound Properties
Sep 2, 2010 Listed by Re-Bound Properties $169,900
Listed by Re-Bound Properties
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • 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: 6
  • 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: 7
  • Basement Area: 900
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,841
  • Total Building Area: 1,800
  • Gross Building Area: 3,385
  • Building Area: 1,800
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,800
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000134
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 204701

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:23 L:0118
  • Lot: 118
  • Municipality: SALEM
  • Latitude: 42.5056
  • Longitude: -70.8996

    Address

  • Full Address: 59 Lawrence St
  • Address - House Number: 59
  • Address - Street Name: Lawrence
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C099
  • 4-Digit Zip Code: 2916
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $685,000

    Appraisal Valuation

  • Standard Deviation: 0.1786
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 676,642
  • High Value: 797,467
  • Low Value: 555,816

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $589,500
  • Assessed Land Value: $199,100
  • Assessed Improvements Value: $390,400

    Sales

  • Current Sale Recording Date: Apr 17, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180417005120
  • Previous Sale Recording Date: Aug 16, 2012
  • Previous Sale Amount: $273,000
  • 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 Salem

Stats & Trends

Median Asking:

$619,500

Sale Price/ft²

$368

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2104 ft²

Average Home Age

84 years

Currently For Sale

39 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 16 days ago
Data Source: MLS PIN, MLS# 71131587

Frequently Asked Questions

When was property at 59 Lawrence Street built and last sold?
The property at 59 Lawrence Street was built in 2001 and last sold on Jan 1, 1970 for $405,000.
How much is this home worth?
The estimated value of the home located at 59 Lawrence Street is $422,805.
What are some comparable homes to 59 Lawrence Street?
There are currently no comparable homes to 59 Lawrence Street.
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