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Lawrence 01841 Tower Hill
216 Olive Avenue
Photo of 216 Olive Avenue
Sold on May 14, 2010

1

Map

$191,500
● House - Off Market

216 Olive Avenue

Lawrence, MA 01841
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,317 Ft²
$441,471
RealtyHop Estimate
110.32%
Since Jun 1, 2010
National-US
Primary Model

About This Property

Well maintained Tower Hill home w/great location on Methuen line situated on nice lot features open layout w/hdwd floors, dining rm. w/built-in hutch, central air, fireplace, spacious bedrooms w/extra closet space, 1.5 baths, heated garage, sprinkler system, walk-up attic & vinyl siding.Bonus 21'x12' room can be den/office or extra bedroom.Roof, windows, furnace and electrical have been updated. Easy access to Rte. 93. Take advantage of just extended tax credit! Easy to show. Not a Short Sale.
Unit Size
1,317 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$159
Property Type
House
Property Taxes
$216
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: 2 years ago (MLSPIN #70991100)

Price History

Date / Event Date Event Price
May 14, 2010 Sold
Premium
Sold
Oct 19, 2009 Listed $209,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • 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: 10,000
  • Total Building Area: 1,317
  • Gross Building Area: 2,350
  • Building Area: 1,317
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,317
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMERY PARK LAWRENCE & METHUEN
  • Land Acres: 0000000230
  • 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 0017 A
  • Parcel: LAWR M:0239 B:0000 L:0017
  • Lot: 17
  • Municipality: LAWRENCE
  • Latitude: 42.699
  • Longitude: -71.1889

    Address

  • Full Address: 216 Olive Ave
  • Address - House Number: 216
  • 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: $397,800

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 486,244
  • High Value: 563,048
  • Low Value: 409,440

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $430,000
  • Assessed Land Value: $150,800
  • Assessed Improvements Value: $279,200

    Sales

  • Current Sale Recording Date: May 14, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 12026
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

2646 ft²

Average Home Age

123.5 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: 2 years ago
Data Source: MLS PIN, MLS# 70991100

Frequently Asked Questions

When was property at 216 Olive Avenue built and last sold?
The property at 216 Olive Avenue was built in 1950 and last sold on Jan 1, 1970 for $191,500.
How much is this home worth?
The estimated value of the home located at 216 Olive Avenue is $0.
What are some comparable homes to 216 Olive Avenue?
There are currently no comparable homes to 216 Olive Avenue.
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