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Lawrence 01841 Tower Hill
12 Colfax Avenue
$242,200
● House - Off Market

12 Colfax Avenue

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,250 Ft²
$505,468
RealtyHop Estimate
106.40%
Since Jun 1, 2004
National-US
Primary Model

About This Property

JUST MOVE IN!!!  Nearing completion is this totally rehabbed cape located on Tower Hill. Features BRAND NEW kitchen with raised oak cabinets, BRAND NEW appliances including microwave-hood, range, dishwasher and disposer, BRAND NEW lighting, BRAND NEW two baths, BRAND NEW heat and electric, and a BRAND NEW master suite with 3/4 bath, and a seperate sitting room or office.  Just about everything in this home is BRAND NEW!!!
Unit Size
1,250 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$196
Property Type
House
Property Taxes
$117
HOA Dues
-
Year Built
1960

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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 #70018124)

Price History

Date / Event Date Event Price
May 28, 2004 Sold
Premium
Sold
Apr 10, 2004 Listed by RE/MAX Partners $244,900
Listed by RE/MAX Partners
Nov 26, 2003 Sold
Premium
Sold

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 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: 5,500
  • Total Building Area: 1,008
  • Gross Building Area: 2,924
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOHN W DUFFY
  • Land Acres: 0000000126
  • 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: 251400

Geography

  • Account Number: 226 0000 0090 A
  • Parcel: LAWR M:0226 B:0000 L:0090
  • Lot: 90
  • Municipality: LAWRENCE
  • Latitude: 42.6984
  • Longitude: -71.1837

    Address

  • Full Address: 12 Colfax Ave
  • Address - House Number: 12
  • Address - Street Name: Colfax
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C010
  • 4-Digit Zip Code: 4802
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $394,600

    Appraisal Valuation

  • Standard Deviation: 0.1909
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 496,403
  • High Value: 591,162
  • Low Value: 401,644

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $426,600
  • Assessed Land Value: $120,900
  • Assessed Improvements Value: $305,700

    Sales

  • Current Sale Recording Date: May 28, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 23546
  • Previous Sale Recording Date: Nov 26, 2003
  • Previous Sale Amount: $110,000
  • 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 Tower Hill

Stats & Trends

Median Asking:

$629,900

Sale Price/ft²

$294

Below Asking

0.01%

Average Days on Market

71

Average Home Size

2538 ft²

Average Home Age

126 years

Currently For Sale

9 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: 5 months ago
Data Source: MLS PIN, MLS# 70018124

Frequently Asked Questions

When was property at 12 Colfax Avenue built and last sold?
The property at 12 Colfax Avenue was built in 1960 and last sold on Jan 1, 1970 for $242,200.
How much is this home worth?
The estimated value of the home located at 12 Colfax Avenue is $249,723.
What are some comparable homes to 12 Colfax Avenue?
There are currently no comparable homes to 12 Colfax Avenue.
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