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Lawrence 01843 South West
15 Packard Street
$100,000
● House - Off Market

15 Packard Street

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
851 Ft²
$332,883
RealtyHop Estimate
217.33%
Since Aug 1, 1999
National-US
Primary Model

About This Property

RENTED HW TANK. 5 YEAR OLD ROOF. 2 ZONE HEAT. EXCELLENT START IN S. LAWRENCE. 5+ RMS, 3 BDRMS, 1 1/2 BATHS. 5 YEAR OLD OAK KITCHEN. 7 YR OLD FULL BATH. HARDWOOD FLOORS!
Unit Size
851 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$123
Property Type
House
Property Taxes
$94
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 #30283540)

Price History

Date / Event Date Event Price
Jul 16, 1999 Sold
Premium
Sold
Jan 4, 1999 Listed $104,900
Listed
May 4, 1988 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • 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: 15
  • Exterior Walls Type: 1
  • 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: 5,000
  • Total Building Area: 861
  • Gross Building Area: 1,656
  • Building Area: 861
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 861
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 251500

Geography

  • Account Number: 160 0000 0081 A
  • Parcel: LAWR M:0160 B:0000 L:0081
  • Lot: 81
  • Municipality: LAWRENCE
  • Latitude: 42.6917
  • Longitude: -71.1728

    Address

  • Full Address: 15 Packard St
  • Address - House Number: 15
  • Address - Street Name: Packard
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C032
  • 4-Digit Zip Code: 1116
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $290,400

    Appraisal Valuation

  • Standard Deviation: 0.1909
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 406,304
  • High Value: 483,864
  • Low Value: 328,745

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $313,900
  • Assessed Land Value: $116,000
  • Assessed Improvements Value: $197,900

    Sales

  • Current Sale Recording Date: Jul 16, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 04, 1988
  • Previous Sale Amount: $109,900
  • 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 South West

Stats & Trends

Median Asking:

$569,450

Sale Price/ft²

$324

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1063 ft²

Average Home Age

47.5 years

Currently For Sale

2 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

Nearby Rentals

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30283540

Frequently Asked Questions

When was property at 15 Packard Street built and last sold?
The property at 15 Packard Street was built in 1920 and last sold on Jan 1, 1970 for $100,000.
How much is this home worth?
The estimated value of the home located at 15 Packard Street is $0.
What are some comparable homes to 15 Packard Street?
There are currently no comparable homes to 15 Packard Street.
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