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Lawrence 01843 South Common
8 A Salem St.
$163,000
● House - Off Market

8 A Salem St.

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,022 Ft²
$974
Est. Monthly
20.81%
Cap Rate

About This Property

Well maintained single home in South Lawrence offering hardwood floors, eat-in kitchen, good size enclosed backyard, plenty of off street parking, garage for 1 car and additional space in basement.  Convenient to major highway and schools.
Unit Size
1,022 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$159
Property Type
House
Property Taxes
$173
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: 2 years ago (MLSPIN #71034598)

Price History

Date / Event Date Event Price
Oct 25, 2021 Sold
Premium
Sold
Aug 25, 2021 Listed $319,900
Listed
Feb 18, 2010 Listed $163,000
Listed
Jul 29, 2002 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 10
  • 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: 1,022
  • Gross Building Area: 1,825
  • Building Area: 1,022
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,022
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOMESTEAD ASSOCIATION INC
  • 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 0036
  • Parcel: LAWR M:0044 B:0000 L:0036
  • Lot: 36
  • Municipality: LAWRENCE
  • Latitude: 42.6997
  • Longitude: -71.1454

    Address

  • Full Address: 8a Salem St
  • Address - House Number: 8a
  • 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: $311,500

    Appraisal Valuation

  • Standard Deviation: 0.186
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 422,078
  • High Value: 500,598
  • Low Value: 343,558

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $336,800
  • Assessed Land Value: $111,900
  • Assessed Improvements Value: $224,900

    Sales

  • Current Sale Contract Date: Oct 22, 2021
  • Current Sale Recording Date: Oct 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 35211
  • Previous Sale Recording Date: Jul 29, 2002
  • Previous Sale Amount: $140,000
  • 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:

$850,000

Sale Price/ft²

$266

Below Asking

0.01%

Average Days on Market

78

Average Home Size

3447 ft²

Average Home Age

93.5 years

Currently For Sale

4 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: 2 years ago
Data Source: MLS PIN, MLS# 71034598

Frequently Asked Questions

When was property at 8A Salem Street built and last sold?
The property at 8A Salem Street was built in 1920 and last sold on Oct 22, 2021 for $355,000.
How much is this home worth?
The estimated value of the home located at 8A Salem Street is $325,935.
What are some comparable homes to 8A Salem Street?
There are currently no comparable homes to 8A Salem Street.
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