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Lawrence 01841 Arlington
179 Spruce St
$265,000
● House - Off Market

179 Spruce St

Lawrence, MA 01841
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,632 Ft²
$437,922
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

MOVE IN READY!!! hardwoods (excluding the two bedrooms) were refinished in May of this year.  New paint throughout.    Kitchen Island not part of sale.  Shower in the bathroom built for two with a tiled seat and detachable hand-held showerhead.  Shelving in shower area for bathroom storage.  New 10-year smoke detectors on all levels.  All light bulbs in fixtures are LED.  Nice, manicured completely fenced in yard makes a great space for a pet.  Convenient bulk-heads to basement right outside front of house for easy access.  Extra out-building has electricity and there are additional outlets on the outside of the house.  Garage is fully electrified, and there are spotlights in the side yard and the back of the garage that light up the patio area.
Unit Size
1,632 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$169
Property Type
House
Property Taxes
$192
HOA Dues
-
Year Built
1900

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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 #72180048)

Price History

Date / Event Date Event Price
Sep 5, 2017 Sold
Premium
Sold
Jun 10, 2017 Listed by Keller Williams Realty Greater Worcester $275,000
Listed by Keller Williams Realty Greater Worcester
Oct 1, 1999 Sold
Premium
Sold
Jul 9, 1999 Listed by Keller Williams Realty Greater Worcester $92,500
Listed by Keller Williams Realty Greater Worcester

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 6,400
  • Total Building Area: 1,632
  • Gross Building Area: 2,852
  • Building Area: 1,632
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,632
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELLA ST
  • Land Acres: 0000000147
  • 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: 250400

Geography

  • Account Number: 195 0000 0012 A
  • Parcel: LAWR M:0195 B:0000 L:0012
  • Lot: 12
  • Municipality: LAWRENCE
  • Latitude: 42.7206
  • Longitude: -71.1736

    Address

  • Full Address: 179 Spruce St
  • Address - House Number: 179
  • Address - Street Name: Spruce
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C025
  • 4-Digit Zip Code: 1024
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $377,800

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 438,788
  • High Value: 517,789
  • Low Value: 359,788

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $408,400
  • Assessed Land Value: $126,800
  • Assessed Improvements Value: $281,600

    Sales

  • Current Sale Recording Date: Sep 05, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23050
  • Previous Sale Recording Date: Oct 01, 1999
  • Previous Sale Amount: $97,500
  • 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 Arlington

Stats & Trends

Median Asking:

$740,000

Sale Price/ft²

$258

Below Asking

0.01%

Average Days on Market

68

Average Home Size

2708 ft²

Average Home Age

109.7 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72180048

Frequently Asked Questions

When was property at 179 Spruce Street built and last sold?
The property at 179 Spruce Street was built in 1900 and last sold on Jan 1, 1970 for $265,000.
How much is this home worth?
The estimated value of the home located at 179 Spruce Street is $286,251.
What are some comparable homes to 179 Spruce Street?
There are currently no comparable homes to 179 Spruce Street.
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