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Lawrence 01841 Tower Hill
16 Lowell Terrace
$199,900
● House - Off Market

16 Lowell Terrace

Lawrence, MA 01841
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,526 Ft²
$502,085
RealtyHop Estimate
151.17%
Since Jul 1, 2002
National-US
Primary Model

About This Property

BEAUTIFUL TURN OF THE CENTURY COLONIAL OFFERING GORGEOUS HARDWOOD FLOORS THROUGHOUT, NEW WINDOWS, NEW SIDING, FRESHLY PAINTED INTERIOR, TWO STALL DETACHED GARAGE, NEW BATHS, NEW FLOORING, PRIVATE ENCLOSED YARD. JUST BEAUTIFUL!
Unit Size
2,526 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$79
Property Type
House
Property Taxes
$120
HOA Dues
-
Year Built
1893

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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 #30607435)

Price History

Date / Event Date Event Price
Jun 28, 2002 Sold
Premium
Sold
May 15, 2002 Listed by Century 21 McLennan & Company $199,900
Listed by Century 21 McLennan & Company
Apr 2, 2002 Sold
Premium
Sold
Feb 19, 2002 Listed by Century 21 McLennan & Company $129,900
Listed by Century 21 McLennan & Company
Jan 12, 2001 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1893
  • Effective Year Built: 1893
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 8,500
  • Total Building Area: 2,154
  • Gross Building Area: 4,766
  • Building Area: 2,154
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,154
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000195
  • 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: 251400

Geography

  • Account Number: 207 0000 0039 A
  • Parcel: LAWR M:0207 B:0000 L:0039
  • Lot: 39
  • Municipality: LAWRENCE
  • Latitude: 42.7019
  • Longitude: -71.1785

    Address

  • Full Address: 16 Lowell Ter
  • Address - House Number: 16
  • Address - Street Name: Lowell
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C011
  • 4-Digit Zip Code: 4651
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $416,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2548
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 63
  • Final Value: 541,193
  • High Value: 679,520
  • Low Value: 402,865

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $450,600
  • Assessed Land Value: $140,800
  • Assessed Improvements Value: $309,800

    Sales

  • Current Sale Recording Date: Jun 28, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 02, 2002
  • Previous Sale Amount: $132,000
  • 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 Tower Hill

Stats & Trends

Median Asking:

$629,900

Sale Price/ft²

$294

Below Asking

0.01%

Average Days on Market

71

Average Home Size

2538 ft²

Average Home Age

126 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 30607435

Frequently Asked Questions

When was property at 16 Lowell Terrace built and last sold?
The property at 16 Lowell Terrace was built in 1893 and last sold on Jan 1, 1970 for $199,900.
How much is this home worth?
The estimated value of the home located at 16 Lowell Terrace is $221,288.
What are some comparable homes to 16 Lowell Terrace?
There are currently no comparable homes to 16 Lowell Terrace.
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