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Lawrence 01841 Tower Hill
11 Florence Ave
$322,000
● House - Off Market

11 Florence Ave

Lawrence, MA 01841
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,960 Ft²
$500,073
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

Large, freshly remodeled 4 bedroom, 2 bath home on 14,000 square feet of land, with potential to be converted to a two family.  Beautifully finished hardwood floors throughout.  Kitchen features granite countertops, new cabinets and stainless steel appliances.  Two full brand new bathrooms with ceramic tile floors. Large exterior deck.  9' ceilings throughout most of the first floor. Large three season porch.   Brand new gas heating system. New shingle roof.   One side of the lot abuts a "paper street". New owner may be able to add additional land by applying to the city. There is plenty of land to create additional parking.
Unit Size
1,960 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$168
Property Type
House
Property Taxes
$223
HOA Dues
-
Year Built
1930

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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 #72317995)

Price History

Date / Event Date Event Price
Jun 22, 2018 Sold
Premium
Sold
May 1, 2018 Listed by Sky Realty, LLC $329,900
Listed by Sky Realty, LLC
Dec 28, 2017 Sold
Premium
Sold
Jul 15, 1999 Sold
Premium
Sold
May 14, 1999 Listed by Coco, Early & Associates $134,900
Listed by Coco, Early & Associates
1960SF OF LIVING SPACE,3/4 BDRM HOME W/BEAUT PRVT TREED LOT ENORMOUS LIV RM & FRML DIN RM W/WOOD FLRS, FULLY APPLIANCED KIT, DECK OVRLKS 18' ABVE GRND ROUND POOL, FENCED 23,957SF LOT, 3 SEASON PRCH, SEC SYSTM, WASHER/DRYER. METHUEN LINE.
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • 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: 14,243
  • Total Building Area: 1,960
  • Gross Building Area: 4,172
  • Building Area: 1,960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,960
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000327
  • 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: 250200

Geography

  • Account Number: 240 0000 0042 A
  • District: 149
  • Parcel: LAWR M:0240 B:0000 L:0042
  • Lot: 42
  • Municipality: LAWRENCE
  • Latitude: 42.7024
  • Longitude: -71.1874

    Address

  • Full Address: 11 Florence Ave
  • Address - House Number: 11
  • Address - Street Name: Florence
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C011
  • 4-Digit Zip Code: 4030
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $403,200

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 506,568
  • High Value: 602,767
  • Low Value: 410,370

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $435,900
  • Assessed Land Value: $154,600
  • Assessed Improvements Value: $281,300

    Sales

  • Current Sale Recording Date: Jun 22, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14668
  • Previous Sale Recording Date: Dec 28, 2017
  • Previous Sale Amount: $219,000
  • Previous Sale Document Type: O
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 Tower Hill

Stats & Trends

Median Asking:

$629,900

Sale Price/ft²

$294

Below Asking

0.01%

Average Days on Market

71

Average Home Size

2752 ft²

Average Home Age

116.7 years

Currently For Sale

12 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: 5 months ago
Data Source: MLS PIN, MLS# 72317995

Frequently Asked Questions

When was property at 11 Florence Avenue built and last sold?
The property at 11 Florence Avenue was built in 1930 and last sold on Jan 1, 1970 for $322,000.
How much is this home worth?
The estimated value of the home located at 11 Florence Avenue is $342,037.
What are some comparable homes to 11 Florence Avenue?
There are currently no comparable homes to 11 Florence Avenue.
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