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Lawrence 01841 Tower Hill
201 Olive Avenue
$330,000
● House - Off Market

201 Olive Avenue

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,687 Ft²
$494,057
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

Pride in ownership! Nothing to do but move in. Meticulously maintained 7 room Gambrel located on a lovely lot. You will feel right at home from the time you walk through the front door. The living room and dining room are spacious and great for entertaining.  The kitchen as SS appliances. There are 3 generous size bedrooms on the second floor.  The sunroom is bright and cheery with plenty of windows. There are one and a half baths. The basement has a workbench and plenty of storage. One car garage. Enjoy evenings relaxing on the beautiful back deck overlooking a lovely back yard. Convenient to shopping and major highways. A must see!
Unit Size
1,687 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$199
Property Type
House
Property Taxes
$279
HOA Dues
-
Year Built
1932

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 4 months ago (MLSPIN #72470753)

Price History

Date / Event Date Event Price
May 1, 2019 Sold
Premium
Sold
Mar 26, 2019 Listed by Century 21 McLennan & Company $334,900
Listed by Century 21 McLennan & Company

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1932
  • Effective Year Built: 1932
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • 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: 1,687
  • Gross Building Area: 2,880
  • Building Area: 1,687
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,687
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMERY PARK LAWRENCE & METHUEN
  • 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 0024 A
  • Parcel: LAWR M:0239 B:0000 L:0024
  • Lot: 24
  • Municipality: LAWRENCE
  • Latitude: 42.6999
  • Longitude: -71.1888

    Address

  • Full Address: 201 Olive Ave
  • Address - House Number: 201
  • Address - Street Name: Olive
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C011
  • 4-Digit Zip Code: 4864
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $384,200

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 487,606
  • High Value: 575,395
  • Low Value: 399,816

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $415,400
  • Assessed Land Value: $117,600
  • Assessed Improvements Value: $297,800

    Sales

  • Current Sale Contract Date: Apr 29, 2019
  • Current Sale Recording Date: May 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9316
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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72470753

Frequently Asked Questions

When was property at 201 Olive Avenue built and last sold?
The property at 201 Olive Avenue was built in 1932 and last sold on Apr 29, 2019 for $330,000.
How much is this home worth?
The estimated value of the home located at 201 Olive Avenue is $341,701.
What are some comparable homes to 201 Olive Avenue?
There are currently no comparable homes to 201 Olive Avenue.
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