27 days on rocket

6 Lathrop St, Salem, MA, 01970

$549,000

Home List Price

$6,519*

Closing Credit

5 Bedrooms
2 Full Baths, 1 Partial
1,945 SqFt
$282/SqFt
Multi
Schools Nearby

Location

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6 Lathrop St, Salem$549,000

Buyer Closing Credits

$6,519*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1850
HeatingBaseboard, Natural Gas
CoolingWindow Unit(s)
BasementYes
WaterfrontBeach
MLS #73220171
Lot Size0.09 Acres
StatusActive

About 6 Lathrop St

CASH BUYERS, CONTRACTORS AND DEVELOPERS TAKE NOTICE. This two-family home has been FULLY APPROVED FOR 3 UNITS, making it an ideal project for contractors looking to capitalize on the growing demand for multi-unit properties. Located in a highly sought-after area, this property is approved for residential units but is also zoned for commercial use, such as an a business or professional office, service establishment and/or retail, promising both convenience and potential for a lucrative return on investment. Fully Vacant - will need immediate rehab on first floor for occupancy. Water, sewer, and natural gas utilities have been capped. Perfect for condo conversion or buy, renovate and hold. With a short walk to both downtown Salem and Beverly, this two-family home with approval for three units is a rare find in this coveted location.

Property Details

Property Features

Property Information:

  • Year Built: 1850
  • Living Area: 1,945 SqFt

Listing Office:

  • Office Name: The Lovely Advisory LLC
  • Listing Agent: Jenna Lovely

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Living Room, Kitchen, Laundry Room, Mudroom, Dining Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Beach

Lot Features

Lot Information:

  • Lot: Zero Lot Line
  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • Salem High School, Public District Grades 9-12
  • Saltonstall School, Public District Grades KG-8
  • Collins Middle School, Public District Grades 6-8
  • Nathaniel Bowditch, Public District Grades KG-8
  • Carlton, Public District Grades KG-5
  • Bates, Public District Grades KG-5
  • Horace Mann Laboratory, Public District Grades KG-5

Other

Directions Information:

  • Directions: Bridge Street to Lathrop Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,000
  • Price Per SqFt: $282/SqFt

Agent Commission:

  • Buyer's Agent Commission: 2

Tax Information:

  • Annual Amount: $5,169
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Salem, MA.

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Salem, MA

City

Med. Sold Price

$549.8K

Med. Price/SqFt

$382

Avg. Days On Market

32

# of Sold Homes

30

6 Lathrop St vs Salem

27 DAYS ON ROCKET

-5 Days

$549,000

-$825 Less

$282/SqFt

-$101 Less

KEY TAKEAWAY

This property is $825 less than the Median Sold Price and $101/SqFt less than other homes in Salem, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73220171

Listing Office:

  • Office Name: The Lovely Advisory LLC
  • Listing Agent: Jenna Lovely

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/2/2024, 12:55:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 01, 2021Home Sold
$400,000
Jun 05, 2006Home Sold
$267,500
Dec 24, 2003Home Sold
$320,000
May 19, 2003Home Sold
$205,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,169$374,600
2020$4,977$344,400
2019$4,936$326,900
2018$5,371$349,200
2017$4,988$314,500

History based on county public records data.

Payment Calculator

$2,808

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,712

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4573466
4
/10

  • Carlton

  • 10 Skerry St

  • 0.13 miles

  • Public District Grades KG-5

school-card-donut-4573467
5
/10

  • Bates

  • 53 Liberty Hill Ave

  • 0.91 miles

  • Public District Grades KG-5

school-card-donut-4573468
5
/10

  • Horace Mann Laboratory

  • 33 Loring Ave

  • 1.87 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4573469
4
/10

  • Saltonstall School

  • 211 Lafayette St

  • 1.19 miles

  • Public District Grades KG-8

school-card-donut-4573470
4
/10

  • Collins Middle School

  • 29 Highland Ave

  • 1.40 miles

  • Public District Grades 6-8

school-card-donut-4573471
2
/10

  • Nathaniel Bowditch

  • 79 Willson St

  • 1.90 miles

  • Public District Grades KG-8

High School

school-card-donut-4573472
3
/10

  • Salem High School

  • 77 Willson St

  • 2.05 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $74,643. Typical income of Salem, MA residents is between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Essex County›Salem›01970›6 Lathrop St

This home is located at 6 Lathrop St in Salem, MA and zip code 01970. This 1,945 square foot home, which was built in 1850, sits on a 0.09 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 04, 2024 and is currently priced at $549,000.

In April 2024, from all listings sold in Salem, MA there were more than 18 sold above asking price, over 10 sold below and more than 2 were sold right at the asked price. Between March 2024 and April 2024, Salem, MA real estate market has seen increase in the number of listings by 1.1%. Listings spent 32 days on the market in April 2024, and had a median list price of $549,825 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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