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Lawrence 01843 Colonial Heights
12 Colonial Ter
$280,000
● House - Off Market

12 Colonial Ter

Lawrence, MA 01843
bedrooms
2 Beds
bathrooms
3 Baths
square feet
1,308 Ft²
$449,525
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

This home is well maintained and is located on a dead end that provides for plenty of on street parking in the desirable Colonial Heights Neighborhood.  The home has an open layout with a Bay Window in the oversized living room, large kitchen with all the appliances, and a family room with a slider to the backyard space and a large picture window. The roof is a year old constructed with Architectural shingles.  The home has a 200 AMP electrical service to power the home along with the Central Heating and AC to keep you cool during hot summer nights. The home offers a large garage under with a work shop and large family room.
Unit Size
1,308 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$214
Property Type
House
Property Taxes
$331
HOA Dues
-
Year Built
1983

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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: 6 months ago (MLSPIN #72145064)

Price History

Date / Event Date Event Price
Jun 30, 2017 Sold
Premium
Sold
Apr 12, 2017 Listed by Century 21 NS / Premier Group $280,000
Listed by Century 21 NS / Premier Group
Aug 4, 1994 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 16,329
  • Total Building Area: 1,308
  • Gross Building Area: 2,812
  • Building Area: 1,308
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 1
  • Heated Square Feet: 1,308
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000375
  • 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: 37 0000 0005 AA
  • Parcel: LAWR M:0037 B:0000 L:0005 A
  • Lot: 5 A
  • Municipality: LAWRENCE
  • Latitude: 42.6843
  • Longitude: -71.1455

    Address

  • Full Address: 12 Colonial Ter
  • Address - House Number: 12
  • Address - Street Name: Colonial
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C046
  • 4-Digit Zip Code: 3810
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $447,700

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 558,974
  • High Value: 663,630
  • Low Value: 454,318

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $484,000
  • Assessed Land Value: $147,900
  • Assessed Improvements Value: $336,100

    Sales

  • Current Sale Recording Date: Jun 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 16665
  • Previous Sale Recording Date: Aug 04, 1994
  • Previous Sale Amount: $117,000
  • 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:

$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

Unit for rent at 23 Florence, Andover, 01810

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
23 Florence, Andover, 01810 Listing by Julie Ratte

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72145064

Frequently Asked Questions

When was property at 12 Colonial Terrace built and last sold?
The property at 12 Colonial Terrace was built in 1983 and last sold on Jan 1, 1970 for $280,000.
How much is this home worth?
The estimated value of the home located at 12 Colonial Terrace is $293,773.
What are some comparable homes to 12 Colonial Terrace?
There are currently no comparable homes to 12 Colonial Terrace.
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