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Lawrence 01841 Tower Hill
188 Olive Ave
$243,000
● House - Off Market

188 Olive Ave

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,474 Ft²
$434,330
RealtyHop Estimate
73.80%
Since Oct 1, 2005
National-US
Primary Model

About This Property

Wonderful family home of 7/3/1, features large fully applianced kitchen, breakfast nook, formal extra large living and dining room with window seat, newer roof, siding and boiler. Hardwood floors, corner lot, plenty of parking, finished lower level, needs some paint, paper and rugs. Good solid home!
Unit Size
1,474 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$170
Property Type
House
Property Taxes
$103
HOA Dues
-
Year Built
1920

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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 #70169392)

Price History

Date / Event Date Event Price
Nov 30, 2020 Sold
Premium
Sold
Oct 31, 2005 Sold
Premium
Sold
Sep 28, 2005 Sold
Premium
Sold
Apr 6, 2005 Listed by RE/MAX Preferred, Inc. $249,900
Listed by RE/MAX Preferred, Inc.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • 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: 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: 5,000
  • Total Building Area: 1,474
  • Gross Building Area: 3,240
  • Building Area: 1,474
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,474
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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: 239 0000 0011 A
  • Parcel: LAWR M:0239 B:0000 L:0011
  • Lot: 11
  • Municipality: LAWRENCE
  • Latitude: 42.6999
  • Longitude: -71.1883

    Address

  • Full Address: 188 Olive Ave
  • Address - House Number: 188
  • Address - Street Name: Olive
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C011
  • 4-Digit Zip Code: 4865
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $403,400

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 492,114
  • High Value: 569,846
  • Low Value: 414,383

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $436,100
  • Assessed Land Value: $117,600
  • Assessed Improvements Value: $318,500

    Sales

  • Current Sale Contract Date: Oct 19, 2020
  • Current Sale Recording Date: Nov 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 33995
  • Previous Sale Recording Date: Oct 31, 2005
  • Previous Sale Amount: $243,000
  • 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

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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70169392

Frequently Asked Questions

When was property at 188 Olive Avenue built and last sold?
The property at 188 Olive Avenue was built in 1920 and last sold on Oct 19, 2020 for $335,000.
How much is this home worth?
The estimated value of the home located at 188 Olive Avenue is $257,615.
What are some comparable homes to 188 Olive Avenue?
There are currently no comparable homes to 188 Olive Avenue.
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