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Lawrence 01841 Prospect Hill - Back Bay
172 Prospect Street
$335,000
● House - Off Market

172 Prospect Street

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,490 Ft²
$431,330
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Great opportunity to own a well maintained single family home in North Lawrence. Property was de-leaded in (2008). Perfect for a first a time home buyer or growing family. The first floor features a master bedroom with private bath and access to the back deck. Beautiful kitchen remodeled and tastefully decorated by its current owner (2017). In the second level you will find 2 additional bedrooms and bonus room with new carpet (2020) perfect for home office or nursery. 2 car garage and plenty of outdoor space perfect for entertaining. New hot water tank (2019). BUYERS AND BUYER'S AGENTS MUST WEAR GLOVES AND MASKS. MUST REMOVE SHOES PRIOR TO ENTERING THE PROPERTY.
Unit Size
1,490 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$211
Property Type
House
Property Taxes
$261
HOA Dues
-
Year Built
1930

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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 #72677901)

Price History

Date / Event Date Event Price
Aug 17, 2020 Sold
Premium
Sold
Jun 30, 2020 Listed by Coco, Early & Associates The Andovers $314,900
Listed by Coco, Early & Associates The Andovers
Apr 4, 2008 Sold
Premium
Sold
Jul 23, 2007 Listed by Coco, Early & Associates The Andovers $170,000
Listed by Coco, Early & Associates The Andovers
Sep 30, 2005 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • 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: 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: 7,362
  • Total Building Area: 1,335
  • Gross Building Area: 2,840
  • Building Area: 1,335
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,335
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000169
  • 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: 250700

Geography

  • Account Number: 89 0000 0034 A
  • Parcel: LAWR M:0089 B:0000 L:0034
  • Lot: 34
  • Municipality: LAWRENCE
  • Latitude: 42.7139
  • Longitude: -71.1525

    Address

  • Full Address: 172 Prospect St
  • Address - House Number: 172
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C019
  • 4-Digit Zip Code: 2832
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $338,000

    Appraisal Valuation

  • Standard Deviation: 0.2548
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 474,852
  • High Value: 565,027
  • Low Value: 384,676

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $365,400
  • Assessed Land Value: $133,300
  • Assessed Improvements Value: $232,100

    Sales

  • Current Sale Contract Date: Aug 11, 2020
  • Current Sale Recording Date: Aug 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 21366
  • Previous Sale Recording Date: Apr 04, 2008
  • Previous Sale Amount: $165,000
  • 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 Prospect Hill - Back Bay

Stats & Trends

Median Asking:

$550,950

Sale Price/ft²

$317

Below Asking

0.01%

Average Days on Market

49

Average Home Size

864 ft²

Average Home Age

63.3 years

Currently For Sale

6 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# 72677901

Frequently Asked Questions

When was property at 172 Prospect Street built and last sold?
The property at 172 Prospect Street was built in 1930 and last sold on Aug 11, 2020 for $335,000.
How much is this home worth?
The estimated value of the home located at 172 Prospect Street is $312,973.
What are some comparable homes to 172 Prospect Street?
There are currently no comparable homes to 172 Prospect Street.
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