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Lawrence 01841 Prospect Hill - Back Bay
1 Cherry St
$188,000
● House - Off Market

1 Cherry St

Lawrence, MA 01841
bedrooms
2 Beds
bathrooms
1 Bath
square feet
960 Ft²
$349,739
RealtyHop Estimate
86.13%
Since Oct 1, 2014
National-US
Primary Model

About This Property

Lovely Prospect Hill ranch near Methuen line with 5 rooms on 1st floor including a new kitchen in 2005 with oak cabinets, new vinyl windows, new deck and new carport in 2006, 4 year old roof, newer vinyl siding and 205 foot wood fence with 2 openings ( 1999), mostly hardwood floors, Pergo in kitchen, tile in bathroom, irrigation in front yard, lots of room in basement including  almost 400 additional footage for 2 finished rooms with a gas on gas stove for heat ,freshly painted living room and dining room (soft suede and natural linen)., central air, carport, and nice fenced in back yard!  Hurry!
Unit Size
960 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$196
Property Type
House
Property Taxes
$208
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 #71722761)

Price History

Date / Event Date Event Price
Sep 12, 2014 Sold
Premium
Sold
Aug 1, 2014 Listed by Swan Realty $187,900
Listed by Swan Realty
May 26, 1995 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • 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: 5,610
  • Total Building Area: 960
  • Gross Building Area: 2,310
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 960
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAWRENCE
  • Land Acres: 0000000129
  • 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: 250800

Geography

  • Account Number: 30 0000 0009 A
  • Parcel: LAWR M:0030 B:0000 L:0009
  • Lot: 9
  • Municipality: LAWRENCE
  • Latitude: 42.7131
  • Longitude: -71.1414

    Address

  • Full Address: 1 Cherry St
  • Address - House Number: 1
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C013
  • 4-Digit Zip Code: 2253
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $327,000

    Appraisal Valuation

  • Standard Deviation: 0.2548
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 63
  • Final Value: 417,648
  • High Value: 524,398
  • Low Value: 310,899

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $353,500
  • Assessed Land Value: $124,100
  • Assessed Improvements Value: $229,400

    Sales

  • Current Sale Recording Date: Sep 12, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20256
  • Previous Sale Recording Date: May 26, 1995
  • Previous Sale Amount: $64,000
  • 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 Prospect Hill - Back Bay

Stats & Trends

Median Asking:

$560,000

Sale Price/ft²

$318

Below Asking

0.01%

Average Days on Market

47

Average Home Size

974 ft²

Average Home Age

70.9 years

Currently For Sale

7 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# 71722761

Frequently Asked Questions

When was property at 1 Cherry Street built and last sold?
The property at 1 Cherry Street was built in 1959 and last sold on Jan 1, 1970 for $188,000.
How much is this home worth?
The estimated value of the home located at 1 Cherry Street is $194,356.
What are some comparable homes to 1 Cherry Street?
There are currently no comparable homes to 1 Cherry Street.
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