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Lawrence 01841 Prospect Hill - Back Bay
18 Leroy Avenue
$500,000
● House - Off Market

18 Leroy Avenue

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,200 Ft²
$2,771
Est. Monthly

About This Property

Welcome home to 18 Leroy Avenue! Three Bedroom ranch on .18 acres with one car, detached garage. Lovely, stone wall in front yard. Walk in to your mudroom that leads to a pristine kitchen and full Bathroom. Spacious living room/dining area . Primary and two bedrooms with hardwood flooring on first floor. Finished rooms in lower level with walk out to the backyard. Awnings to keep the home cooler.  Brick front steps. Screenhouse in the backyard and level side yard to enjoy the Summer days and nights to come..  Close to school and park. Minutes to RT 495.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$417
Property Type
House
Property Taxes
$316
HOA Dues
-
Year Built
1953

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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: 6 months ago (MLSPIN #73232998)

Price History

Date / Event Date Event Price
Jun 28, 2024 Sold
Premium
Sold
May 3, 2024 Listed by Berkshire Hathaway HomeServices Verani Realty $500,000
Listed by Berkshire Hathaway HomeServices Verani Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 1
  • 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: 8,000
  • Total Building Area: 1,200
  • Gross Building Area: 2,305
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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: 250800

Geography

  • Account Number: 53 0000 0050 A
  • Parcel: LAWR M:0053 B:0000 L:0050
  • Lot: 50
  • Municipality: LAWRENCE
  • Latitude: 42.7193
  • Longitude: -71.1445

    Address

  • Full Address: 18 Leroy Ave
  • Address - House Number: 18
  • Address - Street Name: Leroy
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C018
  • 4-Digit Zip Code: 1407
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $379,100
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1499
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 465,646
  • High Value: 535,486
  • Low Value: 395,806

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $409,800
  • Assessed Land Value: $137,600
  • Assessed Improvements Value: $272,200
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:

$579,999

Sale Price/ft²

$316

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1464 ft²

Average Home Age

83.4 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: 6 months ago
Data Source: MLS PIN, MLS# 73232998

Frequently Asked Questions

When was property at 18 Leroy Avenue built and last sold?
The property at 18 Leroy Avenue was built in 1953 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 18 Leroy Avenue is $505,000.
What are some comparable homes to 18 Leroy Avenue?
There are currently no comparable homes to 18 Leroy Avenue.
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