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Lawrence 01843 Colonial Heights
1 Patton Street
$100,000
● House - Off Market

1 Patton Street

Lawrence, MA 01843
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,250 Ft²
$379,547
RealtyHop Estimate
272.10%
Since Dec 1, 1996
National-US
Primary Model

About This Property

COLONIAL HEIGHTS, CENTRAL AIR MUCH LARGER THAN IT APPEARS. 4 LARGE BEDROOMS, CONT MASTER SUITE W/SKYLIGHTS. EXTRA LARGE KITCHEN WITH TRACK LIGHTING. ENTERTAINMENT SIZED LIVING ROOM, FORMAL DINING ROOM.
Unit Size
2,250 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$45
Property Type
House
Property Taxes
$158
HOA Dues
-
Year Built
1950

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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: 4 years ago (MLSPIN #30129025)

Price History

Date / Event Date Event Price
Aug 22, 2016 Sold
Premium
Sold
Feb 2, 2000 Sold
Premium
Sold
Nov 16, 1999 Listed $139,900
Listed
Nov 29, 1996 Sold
Premium
Sold
Sep 25, 1996 Listed $102,000
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • 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: 5,977
  • Total Building Area: 2,374
  • Gross Building Area: 4,068
  • Building Area: 2,374
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,374
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000137
  • 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: 251700

Geography

  • Account Number: 58 0000 0067 A
  • Parcel: LAWR M:0058 B:0000 L:0067
  • Lot: 67
  • Municipality: LAWRENCE
  • Latitude: 42.6878
  • Longitude: -71.1471

    Address

  • Full Address: 1 Patton St
  • Address - House Number: 1
  • Address - Street Name: Patton
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C046
  • 4-Digit Zip Code: 3720
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $431,900

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 629,676
  • High Value: 744,006
  • Low Value: 515,346

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $466,900
  • Assessed Land Value: $118,100
  • Assessed Improvements Value: $348,800

    Sales

  • Current Sale Contract Date: Aug 22, 2016
  • Current Sale Recording Date: Aug 22, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 114564
  • Previous Sale Recording Date: Feb 02, 2000
  • Previous Sale Amount: $138,000
  • Previous Sale Document Type: 48
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 Colonial Heights

Stats & Trends

Median Asking:

$515,000

Sale Price/ft²

$403

Above Asking

0.00%

Average Days on Market

44

Average Home Size

1088 ft²

Average Home Age

45 years

Currently For Sale

1 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: 4 years ago
Data Source: MLS PIN, MLS# 30129025

Frequently Asked Questions

When was property at 1 Patton Street built and last sold?
The property at 1 Patton Street was built in 1950 and last sold on Aug 22, 2016 for $340,000.
How much is this home worth?
The estimated value of the home located at 1 Patton Street is $141,399.
What are some comparable homes to 1 Patton Street?
There are currently no comparable homes to 1 Patton Street.
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