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Lawrence 01841 Tower Hill
208 Olive Ave
$349,900
● House - Off Market

208 Olive Ave

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,690 Ft²
$519,218
RealtyHop Estimate
48.39%
Since May 1, 2019
National-US
Primary Model

About This Property

Looking for a home that you can move right into? Come see this well-cared for Single Family on Tower Hill in Lawrence! All the major items have been updated for you. Newer Roof, Brand New Furnace, New Hot Water Heater, 200 Amp Electrical Panel, New Plumbing, New Appliances, New Flooring, Replacement Windows, New Porch, New Garage Door with Opener, Updated Baths, Large and Clean Basement, Laundry Area and Fresh Paint! This inviting home also has an extra room filled with windows and natural light that can be used as an office or a den.  The additional adjacent lot offers another 5,000 sq.ft. of land and the Newly Paved Driveway w off-street parking for 4 cars completes this package for you! Make an appointment to see it today!
Unit Size
1,690 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$207
Property Type
House
Property Taxes
$179
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: 4 months ago (MLSPIN #72448914)

Price History

Date / Event Date Event Price
Apr 17, 2019 Sold
Premium
Sold
Feb 4, 2019 Listed by Coco,Early & Associates Star Division LLC $349,900
Listed by Coco,Early & Associates Star Division LLC
Nov 9, 2004 Sold
Premium
Sold
Sep 16, 2004 Listed by Coco,Early & Associates Star Division LLC $269,900
Listed by Coco,Early & Associates Star Division LLC

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • 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: 1
  • 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: 7,500
  • Total Building Area: 1,690
  • Gross Building Area: 2,880
  • Building Area: 1,690
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,690
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE AT BRICKETT HILL
  • Land Acres: 0000000172
  • 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 0015 A
  • Parcel: LAWR M:0239 B:0000 L:0015
  • Lot: 15
  • Municipality: LAWRENCE
  • Latitude: 42.6995
  • Longitude: -71.1886

    Address

  • Full Address: 208 Olive Ave
  • Address - House Number: 208
  • 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: $385,100

    Appraisal Valuation

  • Standard Deviation: 0.1838
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 489,537
  • High Value: 579,653
  • Low Value: 399,422

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $416,300
  • Assessed Land Value: $134,200
  • Assessed Improvements Value: $282,100

    Sales

  • Current Sale Contract Date: Apr 16, 2019
  • Current Sale Recording Date: Apr 17, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8045
  • Previous Sale Recording Date: Nov 09, 2004
  • Previous Sale Amount: $249,900
  • 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

4670 ft²

Average Home Age

118 years

Currently For Sale

11 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# 72448914

Frequently Asked Questions

When was property at 208 Olive Avenue built and last sold?
The property at 208 Olive Avenue was built in 1920 and last sold on Apr 16, 2019 for $349,900.
How much is this home worth?
The estimated value of the home located at 208 Olive Avenue is $351,801.
What are some comparable homes to 208 Olive Avenue?
There are currently no comparable homes to 208 Olive Avenue.
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