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Lawrence 01841 Tower Hill
155 Olive Ave
$280,000
● House - Off Market

155 Olive Ave

Lawrence, MA 01841
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,376 Ft²
$476,205
RealtyHop Estimate
64.78%
Since Apr 1, 2017
National-US
Primary Model

About This Property

Beautifully updated Large Single family on the Methuen line. 3 levels of living space with 4/5 Bedrooms, 3 full baths, large eat in kitchen with wood cabinets, granite countertops, stainless steel appliance & more. Water filtration system, top of the line security systems & cameras, lots of off street parking, above ground heated pool, patio and large deck overlooking pool & yard. Perimeter drain and stone wall, shed and yard space. Move in condition with replacement windows, pergo floors , recessed lighting and 3rd floor family/media/play room that is a real bonus.
Unit Size
2,376 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$122
Property Type
House
Property Taxes
$305
HOA Dues
-
Year Built
1951

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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: 5 months ago (MLSPIN #72111404)

Price History

Date / Event Date Event Price
Mar 31, 2017 Sold
Premium
Sold
Jan 23, 2017 Listed by Delaney & Venezia Inc. $289,000
Listed by Delaney & Venezia Inc.
Aug 29, 1996 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 300
  • 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: 2,376
  • Gross Building Area: 4,464
  • Building Area: 2,376
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,376
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMERY PARK
  • 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: 250200

Geography

  • Account Number: 240 0000 0066 A
  • Parcel: LAWR M:0240 B:0000 L:0066
  • Lot: 66
  • Municipality: LAWRENCE
  • Latitude: 42.7012
  • Longitude: -71.1877

    Address

  • Full Address: 155 Olive Ave
  • Address - House Number: 155
  • Address - Street Name: Olive
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C011
  • 4-Digit Zip Code: 4455
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $434,200

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 545,234
  • High Value: 648,776
  • Low Value: 441,693

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $469,400
  • Assessed Land Value: $117,600
  • Assessed Improvements Value: $351,800

    Sales

  • Current Sale Recording Date: Mar 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8178
  • Previous Sale Recording Date: Aug 29, 1996
  • Previous Sale Amount: $55,300
  • 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

70

Average Home Size

2539 ft²

Average Home Age

124.3 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# 72111404

Frequently Asked Questions

When was property at 155 Olive Avenue built and last sold?
The property at 155 Olive Avenue was built in 1951 and last sold on Jan 1, 1970 for $280,000.
How much is this home worth?
The estimated value of the home located at 155 Olive Avenue is $310,953.
What are some comparable homes to 155 Olive Avenue?
There are currently no comparable homes to 155 Olive Avenue.
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