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Lawrence 01841 Prospect Hill - Back Bay
10 Hoffman Ave
$315,000
● House - Off Market

10 Hoffman Ave

Lawrence, MA 01841
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,748 Ft²
$467,281
RealtyHop Estimate
48.39%
Since May 1, 2019
National-US
Primary Model

About This Property

COMMUTER FRIENDLY, Colonial Home on the Lawrence-Methuen line. With over 1,700 sf of living space, this property offers a Living Room, formal Dining Room, an Eat-In Kitchen, a 1st Floor Bedroom, and a newly remodeled Bath and Laundry Room on the 1st floor. The 2nd floor features 3 bedrooms with two of the them boasting walk-in closets, an office space and another Full Bath. There is room in the basement for extra storage and there's a 1 car Garage with a brand new paved driveway. The Patio is a great place to sit in the backyard and host get-togethers around the fire-pit. Located directly off of I495 and Route 110, this is a commuters choice. Call for an appointment to view today!
Unit Size
1,748 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$180
Property Type
House
Property Taxes
$281
HOA Dues
-
Year Built
1910

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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 months ago (MLSPIN #72413355)

Price History

Date / Event Date Event Price
Apr 29, 2019 Sold
Premium
Sold
Oct 19, 2018 Listed by Coco,Early & Associates Star Division LLC $314,900
Listed by Coco,Early & Associates Star Division LLC
Feb 28, 2000 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 5,565
  • Total Building Area: 1,748
  • Gross Building Area: 3,060
  • Building Area: 1,748
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,748
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000128
  • 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: 34 0000 0002 A
  • Parcel: LAWR M:0034 B:0000 L:0002
  • Lot: 2
  • Municipality: LAWRENCE
  • Latitude: 42.7202
  • Longitude: -71.1412

    Address

  • Full Address: 10 Hofmann Ave
  • Address - House Number: 10
  • Address - Street Name: Hofmann
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C018
  • 4-Digit Zip Code: 1506
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $375,400

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 490,811
  • High Value: 584,017
  • Low Value: 397,605

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $405,800
  • Assessed Land Value: $121,400
  • Assessed Improvements Value: $284,400

    Sales

  • Current Sale Contract Date: Apr 29, 2019
  • Current Sale Recording Date: Apr 29, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8988
  • Previous Sale Recording Date: Feb 28, 2000
  • Previous Sale Amount: $66,700
  • 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:

$552,000

Sale Price/ft²

$320

Above Asking

0.00%

Average Days on Market

47

Average Home Size

1324 ft²

Average Home Age

81.9 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72413355

Frequently Asked Questions

When was property at 10 Hoffman Avenue built and last sold?
The property at 10 Hoffman Avenue was built in 1910 and last sold on Apr 29, 2019 for $315,000.
How much is this home worth?
The estimated value of the home located at 10 Hoffman Avenue is $324,151.
What are some comparable homes to 10 Hoffman Avenue?
There are currently no comparable homes to 10 Hoffman Avenue.
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