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Revere 02151 West Revere
1 Lawrence Rd
$335,000
● House - Off Market

1 Lawrence Rd

Revere, MA 02151
bedrooms
1 Bed
bathrooms
1 Bath
square feet
583 Ft²
$1,945
Est. Monthly

About This Property

BLOCK FROM REVERE BEACH 3 BLOCKS FROM WONDERLAND TRAIN STATION SINGLE WITH 3 CAR GARAGE UNDER FOR YOUR TOY'S AND RENT PER GARAGE.MODERN OPEN FLOOR PLAN 3 ROOM APARTMENT 1 BEDROOM  ABOVE GARAGES WITH CATHEDRAL CEILINGS SKYLIGHTS IN BEDROOM AND KITCHEN. OWNER USES ONE OF THE GARAGE'S, RENTS OUT ONE FOR $200 THE OTHER 250 THEY HAVE BEEN THERE A LONG TIME. RENTS COULD BE 400 TO 450 EACH I HEARD. THE 3 ROOM HOUSE IS RENTED FOR $1,340 A MONTH TAW AND HE TAKES CARE OF THE ELECTRICAL FOR GARAGES.4TH PARKING SPOT IS ON THE RIGHT SIDE OF HOUSE.  LEFT SIDE OF HOUSE THERE'S A DRIVE WAY THAT SHARE WITH THE NEIGHBOR & OWNER THAT'S THE 5TH PARKING SPOT BUT THEY SPLIT IT UP OWNER WAS TAKING JUNE TO SEPTEMBER AND THE NEIGHBOR TAKES IT THE REST OF THE YEAR. CLOSE TO ANYTHING YOU NEED.
Unit Size
583 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$599
Property Type
House
Property Taxes
$231
HOA Dues
-
Year Built
2000

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 6 months ago (MLSPIN #73186068)

Price History

Date / Event Date Event Price
Mar 13, 2024 Sold
Premium
Sold
Jan 23, 2024 In contract -
In contract
Dec 7, 2023 Listed by Century 21 North East $349,000
Listed by Century 21 North East
Sep 1, 1994 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 15
  • 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: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,799
  • Total Building Area: 583
  • Gross Building Area: 1,728
  • Building Area: 583
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 583
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000041
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Revere School District
  • School Tax School District: REVERE SD
  • Census Tract: 170503

Zoning

  • Zoning: RB

Geography

  • Account Number: 10/186D/10
  • Parcel: REVE M:10 B:186D L:10
  • Block: 186D
  • Lot: 10
  • Municipality: REVERE
  • Latitude: 42.4191
  • Longitude: -70.9893

    Address

  • Full Address: 1 Lawrence Rd
  • Address - House Number: 1
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Revere
  • Carrier Code: C014
  • 4-Digit Zip Code: 4819
  • Zip Code: 02151

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $276,800

    Appraisal Valuation

  • Standard Deviation: 0.0698
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 96
  • Final Value: 384,650
  • High Value: 411,518
  • Low Value: 357,783

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $291,100
  • Assessed Land Value: $147,400
  • Assessed Improvements Value: $143,700

    Sales

  • Current Sale Contract Date: Mar 13, 2024
  • Current Sale Recording Date: Mar 13, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15113
  • Previous Sale Recording Date: Sep 01, 1994
  • Previous Sale Amount: $20,000
  • 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 West Revere

Stats & Trends

Median Asking:

$719,999

Sale Price/ft²

$392

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2051 ft²

Average Home Age

61.7 years

Currently For Sale

39 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: 6 months ago
Data Source: MLS PIN, MLS# 73186068

Frequently Asked Questions

When was property at 1 Lawrence Road built and last sold?
The property at 1 Lawrence Road was built in 2000 and last sold on Mar 13, 2024 for $335,000.
How much is this home worth?
The estimated value of the home located at 1 Lawrence Road is $346,588.
What are some comparable homes to 1 Lawrence Road?
There are currently no comparable homes to 1 Lawrence Road.
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