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Lawrence 01841 Tower Hill
20 Cypress Ave
$275,000
● House - Off Market

20 Cypress Ave

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,013 Ft²
$415,022
RealtyHop Estimate
50.97%
Since Mar 1, 2019
National-US
Primary Model

About This Property

Cute and cozy best describes this cape located in the Towerhill section of the city. This home offers carefree vinyl exterior, updated windows, kitchen and bath. Offering three bedrooms on the upper floors and an additional two finished rooms in lower level with its own 3/4 bath while having its own private entrance. Generous sized rear yard space. Property is deceiving from the exterior and offers more living space than meets the eye.
Unit Size
1,013 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$271
Property Type
House
Property Taxes
$233
HOA Dues
-
Year Built
1950

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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 #72381905)

Price History

Date / Event Date Event Price
Mar 13, 2024 Sold
Premium
Sold
Feb 13, 2019 Sold
Premium
Sold
Aug 21, 2018 Listed by Empire Real Estate™ $274,900
Listed by Empire Real Estate™
Nov 1, 2011 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • 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: 4
  • 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: 893
  • Gross Building Area: 2,352
  • Building Area: 893
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 893
  • 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: 251400

Geography

  • Account Number: 225 0000 0019 A
  • Parcel: LAWR M:0225 B:0000 L:0019
  • Lot: 19
  • Municipality: LAWRENCE
  • Latitude: 42.6975
  • Longitude: -71.1855

    Address

  • Full Address: 20 Cypress Ave
  • Address - House Number: 20
  • Address - Street Name: Cypress
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C010
  • 4-Digit Zip Code: 4804
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $346,200
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2548
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 410,978
  • High Value: 515,704
  • Low Value: 306,253

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $374,300
  • Assessed Land Value: $117,600
  • Assessed Improvements Value: $256,700

    Sales

  • Current Sale Contract Date: Mar 13, 2024
  • Current Sale Recording Date: Mar 13, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3653
  • Previous Sale Recording Date: Feb 13, 2019
  • Previous Sale Contract Date: Feb 13, 2019
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: O
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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72381905

Frequently Asked Questions

When was property at 20 Cypress Avenue built and last sold?
The property at 20 Cypress Avenue was built in 1950 and last sold on Mar 13, 2024 for $400,000.
How much is this home worth?
The estimated value of the home located at 20 Cypress Avenue is $276,649.
What are some comparable homes to 20 Cypress Avenue?
There are currently no comparable homes to 20 Cypress Avenue.
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