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Lawrence 01841 Tower Hill
128 Olive Ave
$118,000
● House - Off Market

128 Olive Ave

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,408 Ft²
$360,185
RealtyHop Estimate
188.38%
Since Oct 1, 2000
National-US
Primary Model

About This Property

THIS HOME SITS HIGH UP & HAS A FABULOUS ENC. PORCH ENTRANCE, FRONT TO BACK LR, FORMAL DR W/BUILT INS & BOTH RMS HAVE FRENCH DRS LEADING TO AN ENCLOSED PORCH.XLG BATH TILED,3BR, FENCED YRD,NEEDS SOME PAINT.HRDWD FLRS,MSTLY NWR WNDWS.
Unit Size
1,408 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$89
Property Type
House
Property Taxes
$136
HOA Dues
-
Year Built
1920

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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 #30393759)

Price History

Date / Event Date Event Price
Apr 21, 2022 Sold
Premium
Sold
Mar 8, 2022 Listed $448,000
Listed
Jan 31, 2017 Sold
Premium
Sold
Nov 20, 2016 Listed $238,000
Listed
Dec 31, 2001 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • 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: 5,625
  • Total Building Area: 1,408
  • Gross Building Area: 2,396
  • Building Area: 1,408
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,408
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEST MEADOW MILL
  • Land Acres: 0000000129
  • 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: 227 0000 0049 A
  • Parcel: LAWR M:0227 B:0000 L:0049
  • Lot: 49
  • Municipality: LAWRENCE
  • Latitude: 42.7013
  • Longitude: -71.1865

    Address

  • Full Address: 128 Olive Ave
  • Address - House Number: 128
  • Address - Street Name: Olive
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C011
  • 4-Digit Zip Code: 4108
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $397,600

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 65
  • Final Value: 502,931
  • High Value: 625,278
  • Low Value: 380,584

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $429,800
  • Assessed Land Value: $121,800
  • Assessed Improvements Value: $308,000

    Sales

  • Current Sale Contract Date: Apr 21, 2022
  • Current Sale Recording Date: Apr 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9637
  • Previous Sale Recording Date: Jan 31, 2017
  • Previous Sale Amount: $240,000
  • 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:

$627,400

Sale Price/ft²

$294

Below Asking

0.01%

Average Days on Market

73

Average Home Size

4683 ft²

Average Home Age

118.5 years

Currently For Sale

11 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

Currently no nearby rentals
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30393759

Frequently Asked Questions

When was property at 128 Olive Avenue built and last sold?
The property at 128 Olive Avenue was built in 1920 and last sold on Apr 21, 2022 for $460,000.
How much is this home worth?
The estimated value of the home located at 128 Olive Avenue is $434,506.
What are some comparable homes to 128 Olive Avenue?
There are currently no comparable homes to 128 Olive Avenue.
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