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Lawrence 01841 Tower Hill
127 May St
$355,000
● House - Off Market

127 May St

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,246 Ft²
$396,855
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Well-maintained home features an open-floor concept, great for entertaining. Has 6 rooms, 3 bedrooms, 2 full bathrooms and over 1,246 sq. ft. of living space. The first floor features kitchen, open concept wood flooring dining and living rooms, a full bathroom with laundry area and a mud room. 2 bedrooms on the sound floor and the basement has 3 finished rooms including a full bathroom (potential in-law). Partially fenced-in back yard, huge deck over looking back yard, storage shed and ample parking. Conveniently located to commuter Route's 93 and 495, public transportation, shopping (Ma and NH) and other amenities. Make this one your home!
Unit Size
1,246 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$294
Property Type
House
Property Taxes
$251
HOA Dues
-
Year Built
1900

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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 #72908700)

Price History

Date / Event Date Event Price
Jan 24, 2022 Sold
Premium
Sold
Oct 14, 2021 Listed by LAER Realty Partners $366,900
Listed by LAER Realty Partners
Nov 21, 2018 Sold
Premium
Sold
Mar 29, 2011 Sold
Premium
Sold
Oct 31, 2007 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 6,401
  • Total Building Area: 1,246
  • Gross Building Area: 2,279
  • Building Area: 1,246
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,246
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000147
  • 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: 250300

Geography

  • Account Number: 211 0000 0007 A
  • Parcel: LAWR M:0211 B:0000 L:0007
  • Lot: 7
  • Municipality: LAWRENCE
  • Latitude: 42.7107
  • Longitude: -71.179

    Address

  • Full Address: 127 May St
  • Address - House Number: 127
  • Address - Street Name: May
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C008
  • 4-Digit Zip Code: 3326
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $339,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 465,083
  • High Value: 538,545
  • Low Value: 391,621

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $366,500
  • Assessed Land Value: $126,900
  • Assessed Improvements Value: $239,600

    Sales

  • Current Sale Contract Date: Jan 21, 2022
  • Current Sale Recording Date: Jan 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1833
  • Previous Sale Recording Date: Nov 21, 2018
  • Previous Sale Amount: $235,000
  • 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

2548 ft²

Average Home Age

125 years

Currently For Sale

10 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# 72908700

Frequently Asked Questions

When was property at 127 May Street built and last sold?
The property at 127 May Street was built in 1900 and last sold on Jan 21, 2022 for $355,000.
How much is this home worth?
The estimated value of the home located at 127 May Street is $366,744.
What are some comparable homes to 127 May Street?
There are currently no comparable homes to 127 May Street.
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