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Lawrence 01841 Tower Hill
16 Ohio Ave
$472,000
● House - Off Market

16 Ohio Ave

Lawrence, MA 01841
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,280 Ft²
$415,696
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

This charming 4 bedroom cape boasts hardwood floors throughout, providing a warm and inviting ambiance. The eat-in kitchen features beautiful ceramic tile floors, adding a touch of elegance to meal preparation. The above ground pool and newly installed composite wood deck makes this backyard an oasis for entertaining or simply relaxing. The backyard itself is spacious, providing ample room for outdoor activities and games. Partially finished basement that's perfect for home office or game room.  With all of these features, this home is perfect for those who value both comfort and style. Located close to major shopping centers and major highways. Hurry! Come make this beautiful home yours!
Unit Size
1,280 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$324
Property Type
House
Property Taxes
$309
HOA Dues
-
Year Built
1940

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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 #73089862)

Price History

Date / Event Date Event Price
May 30, 2023 Sold
Premium
Sold
Mar 31, 2023 In contract -
In contract
Mar 21, 2023 Listed by View Real Estate Group $415,000
Listed by View Real Estate Group
Apr 23, 2004 Sold
Premium
Sold
Nov 11, 2003 Listed by View Real Estate Group $243,900
Listed by View Real Estate Group
Show More

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 9,743
  • Total Building Area: 1,280
  • Gross Building Area: 2,810
  • Building Area: 1,280
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,280
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000224
  • 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: 204 0000 0027 A
  • Parcel: LAWR M:0204 B:0000 L:0027
  • Lot: 27
  • Municipality: LAWRENCE
  • Latitude: 42.6959
  • Longitude: -71.1794

    Address

  • Full Address: 16 Ohio Ave
  • Address - House Number: 16
  • Address - Street Name: Ohio
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C010
  • 4-Digit Zip Code: 4917
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $368,200

    Appraisal Valuation

  • Standard Deviation: 0.185
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 489,855
  • High Value: 575,190
  • Low Value: 404,520

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $398,100
  • Assessed Land Value: $149,100
  • Assessed Improvements Value: $249,000

    Sales

  • Current Sale Contract Date: May 30, 2023
  • Current Sale Recording Date: May 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8217
  • Previous Sale Recording Date: Apr 23, 2004
  • Previous Sale Amount: $238,500
  • 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

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# 73089862

Frequently Asked Questions

When was property at 16 Ohio Avenue built and last sold?
The property at 16 Ohio Avenue was built in 1940 and last sold on May 30, 2023 for $472,000.
How much is this home worth?
The estimated value of the home located at 16 Ohio Avenue is $403,202.
What are some comparable homes to 16 Ohio Avenue?
There are currently no comparable homes to 16 Ohio Avenue.
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