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Lawrence 01843 Colonial Heights
116 Colonial Road
$215,000
● House - Off Market

116 Colonial Road

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,364 Ft²
$594,107
RealtyHop Estimate
170.17%
Since Aug 1, 2001
National-US
Primary Model

About This Property

LOVELY OVERSIZED RANCH ON 1/4 ACRE CORNER LOT IN ONE OF SO. LAWR. MOST SOUGHT AFTER AREAS. 6+ ROOMS 3BDRS 1 FULL BATH ON MAIN LEVEL. LL IS FINISHED W/ 3/4 BATH & BAR, GUNITE POOL!
Unit Size
1,364 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$161
Property Type
House
Property Taxes
$164
HOA Dues
-
Year Built
1960

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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 #30504145)

Price History

Date / Event Date Event Price
Jul 30, 2001 Sold
Premium
Sold
May 11, 2001 Listed by Century 21 McLennan & Company $219,900
Listed by Century 21 McLennan & Company

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 10,194
  • Total Building Area: 1,364
  • Gross Building Area: 2,884
  • Building Area: 1,364
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,364
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000234
  • 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: 56 0000 0020 A
  • Parcel: LAWR M:0056 B:0000 L:0020
  • Lot: 20
  • Municipality: LAWRENCE
  • Latitude: 42.6845
  • Longitude: -71.1488

    Address

  • Full Address: 116 Colonial Rd
  • Address - House Number: 116
  • Address - Street Name: Colonial
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C046
  • 4-Digit Zip Code: 3703
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $443,300

    Appraisal Valuation

  • Standard Deviation: 0.2583
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 63
  • Final Value: 528,575
  • High Value: 665,105
  • Low Value: 392,045

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $479,200
  • Assessed Land Value: $143,700
  • Assessed Improvements Value: $335,500

    Sales

  • Current Sale Recording Date: Dec 10, 2015
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 32087
  • Previous Sale Recording Date: Jul 30, 2001
  • Previous Sale Amount: $215,000
  • 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 Colonial Heights

Stats & Trends

Median Asking:

$532,450

Sale Price/ft²

$418

Above Asking

0.00%

Average Days on Market

43

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# 30504145

Frequently Asked Questions

When was property at 116 Colonial Road built and last sold?
The property at 116 Colonial Road was built in 1960 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 116 Colonial Road is $0.
What are some comparable homes to 116 Colonial Road?
There are currently no comparable homes to 116 Colonial Road.
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