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Lawrence 01843 South Common
62 Salem St
$305,000
● House - Off Market

62 Salem St

Lawrence, MA 01843
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,920 Ft²
$403,049
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

MULTIPLE OFFERS RECVD..all will be presented Friday 5/31 @ 5pm.    Commuters dream, 5 minute walk to MBTA station and 1 minute to 495. Built in early 1900s this large 4 bedroom South Lawrence home is a must see to appreciate, family owned for more than 40 years. Large cabinet filled eat-in kitchen plus dining room and 24x13 living room with wood burning fireplace make this a great space for entertaining. Hardwood floors in all bedrooms and dining room, there is also hardwood under living room carpet. Mud room with built in storage. Great level yard across the street from park (which is in the process of a major renovation). New furnace, hot water tank and stove fall of 2018. Plenty of on and off street parking. Walk-up attic offers additional storage space or potential finished area. Easy to show schedule today!
Unit Size
1,920 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$143
Property Type
House
Property Taxes
$251
HOA Dues
-
Year Built
1905

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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 #72506783)

Price History

Date / Event Date Event Price
Sep 17, 2019 Sold
Premium
Sold
May 27, 2019 Listed by Coco, Early & Associates $275,000
Listed by Coco, Early & Associates
Jun 4, 2003 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Building Count: 1
  • Total Rooms: 7
  • 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: 5,500
  • Total Building Area: 1,920
  • Gross Building Area: 3,948
  • Building Area: 1,920
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,920
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • 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: 63 0000 0019 A
  • Parcel: LAWR M:0063 B:0000 L:0019
  • Lot: 19
  • Municipality: LAWRENCE
  • Latitude: 42.6991
  • Longitude: -71.1503

    Address

  • Full Address: 62 Salem St
  • Address - House Number: 62
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C045
  • 4-Digit Zip Code: 1832
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $353,200
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1801
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 479,186
  • High Value: 565,529
  • Low Value: 392,843

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $381,800
  • Assessed Land Value: $115,100
  • Assessed Improvements Value: $266,700

    Sales

  • Current Sale Contract Date: Sep 09, 2019
  • Current Sale Recording Date: Sep 17, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 22602
  • Previous Sale Recording Date: Jun 04, 2003
  • Previous Sale Amount: $180,000
  • 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 Common

Stats & Trends

Median Asking:

$875,000

Sale Price/ft²

$273

Below Asking

0.01%

Average Days on Market

69

Average Home Size

4612 ft²

Average Home Age

76 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72506783

Frequently Asked Questions

When was property at 62 Salem Street built and last sold?
The property at 62 Salem Street was built in 1905 and last sold on Sep 9, 2019 for $305,000.
How much is this home worth?
The estimated value of the home located at 62 Salem Street is $288,405.
What are some comparable homes to 62 Salem Street?
There are currently no comparable homes to 62 Salem Street.
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