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Lawrence 01843 South Common
94 Salem St
$287,500
● House - Off Market

94 Salem St

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,056 Ft²
$455,154
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

Charming ranch located near highway access and shopping awaiting a new owner! This is single level living at its best, with the bonus of a partially finished basement. The kitchen has been upgraded with stainless appliances, and granite counter-tops. Hardwood flooring runs throughout the dining, living and bedrooms. The Bedrooms are generously proportioned, with ample closet space. Rounding out the first floor is a full bathroom that has been recently upgraded. In the basement you'll find a large finished room that will make entertaining guests a dream while watching the big game! Complimenting the bonus room in the basement is a full bathroom. Outside you'll find a nice flat, well manicured fenced in yard. The garage offers space for a vehicle or yard equipment.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$284
Property Type
House
Property Taxes
$281
HOA Dues
-
Year Built
1959

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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 #72383546)

Price History

Date / Event Date Event Price
Nov 2, 2018 Sold
Premium
Sold
Aug 23, 2018 Listed by Cameron Prestige, LLC $299,900
Listed by Cameron Prestige, LLC
Jun 1, 2000 Sold
Premium
Sold
Mar 17, 2000 Listed by Cameron Prestige, LLC $139,900
Listed by Cameron Prestige, LLC
Sep 11, 1997 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 10,000
  • Total Building Area: 1,056
  • Gross Building Area: 2,471
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: IPSWICH DAIRY
  • Land Acres: 0000000230
  • 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: 82 0000 0015 A
  • Parcel: LAWR M:0082 B:0000 L:0015
  • Lot: 15
  • Municipality: LAWRENCE
  • Latitude: 42.6988
  • Longitude: -71.1546

    Address

  • Full Address: 94 Salem St
  • Address - House Number: 94
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C031
  • 4-Digit Zip Code: 1620
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $386,200

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 65
  • Final Value: 452,466
  • High Value: 564,874
  • Low Value: 340,058

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $417,500
  • Assessed Land Value: $143,500
  • Assessed Improvements Value: $274,000

    Sales

  • Current Sale Recording Date: Nov 02, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26898
  • Previous Sale Recording Date: Jun 01, 2000
  • Previous Sale Amount: $122,000
  • 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

4258 ft²

Average Home Age

81 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: 5 months ago
Data Source: MLS PIN, MLS# 72383546

Frequently Asked Questions

When was property at 94 Salem Street built and last sold?
The property at 94 Salem Street was built in 1959 and last sold on Jan 1, 1970 for $292,500.
How much is this home worth?
The estimated value of the home located at 94 Salem Street is $291,611.
What are some comparable homes to 94 Salem Street?
There are currently no comparable homes to 94 Salem Street.
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