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Lawrence 01841 Tower Hill
161 Olive Ave
$405,000
● House - Off Market

161 Olive Ave

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,336 Ft²
$419,363
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

single-family home located in Towerhill. The property features vinyl siding, newer windows, hardwood floors, and much more. Property being Sold As Is"
Unit Size
1,336 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$307
Property Type
House
Property Taxes
$264
HOA Dues
-
Year Built
1925

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72986491)

Price History

Date / Event Date Event Price
Jul 11, 2022 Sold
Premium
Sold
May 23, 2022 Listed by Simple Choice Realty $409,900
Listed by Simple Choice Realty
Feb 22, 2011 Sold
Premium
Sold
Aug 11, 2010 Listed by Simple Choice Realty $154,500
Listed by Simple Choice Realty
Jun 29, 2010 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 1,336
  • Gross Building Area: 3,906
  • Building Area: 1,336
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,336
  • 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 0063 A
  • Parcel: LAWR M:0240 B:0000 L:0063
  • Lot: 63
  • Municipality: LAWRENCE
  • Latitude: 42.7009
  • Longitude: -71.188

    Address

  • Full Address: 161 Olive Ave
  • Address - House Number: 161
  • 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: $347,200

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 426,135
  • High Value: 503,574
  • Low Value: 348,696

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $375,300
  • Assessed Land Value: $117,600
  • Assessed Improvements Value: $257,700

    Sales

  • Current Sale Contract Date: Jul 11, 2022
  • Current Sale Recording Date: Jul 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 16437
  • Previous Sale Recording Date: Feb 22, 2011
  • Previous Sale Amount: $154,000
  • 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

2752 ft²

Average Home Age

116.7 years

Currently For Sale

12 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72986491

Frequently Asked Questions

When was property at 161 Olive Avenue built and last sold?
The property at 161 Olive Avenue was built in 1925 and last sold on Jul 11, 2022 for $405,000.
How much is this home worth?
The estimated value of the home located at 161 Olive Avenue is $395,550.
What are some comparable homes to 161 Olive Avenue?
There are currently no comparable homes to 161 Olive Avenue.
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