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Lawrence 01843 Colonial Heights
224 Colonial Road
$300,000
● House - Off Market

224 Colonial Road

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,322 Ft²
$454,598
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

Welcome home to this updated ranch in South Lawrence! Beautiful home boasts 3 bedrooms, 1 full bathroom and hardwood floors throughout, partially finished basement and many original period features to include arched doorways and built in cabinet.  New roof. Air Conditioning.  One car garage under and enclosed yard with fence and stone wall.  With the pottery barn feel you'll fall in love with this one.  Great commuter location, close to 213, 495 and 93 and tax free shopping in Salem, NH.
Unit Size
1,322 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$227
Property Type
House
Property Taxes
$257
HOA Dues
-
Year Built
1953

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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 #72310254)

Price History

Date / Event Date Event Price
Jun 22, 2018 Sold
Premium
Sold
Apr 17, 2018 Listed by Coco, Early & Associates $299,900
Listed by Coco, Early & Associates

Property Highlights

Parking Available
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,122
  • Gross Building Area: 2,284
  • Building Area: 1,122
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,122
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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: 251700

Geography

  • Account Number: 56 0000 0006 A
  • Parcel: LAWR M:0056 B:0000 L:0006
  • Lot: 6
  • Municipality: LAWRENCE
  • Latitude: 42.6845
  • Longitude: -71.1501

    Address

  • Full Address: 224 Colonial Rd
  • Address - House Number: 224
  • Address - Street Name: Colonial
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C046
  • 4-Digit Zip Code: 3729
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $343,400

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 475,298
  • High Value: 559,168
  • Low Value: 391,428

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $371,200
  • Assessed Land Value: $143,500
  • Assessed Improvements Value: $227,700

    Sales

  • Current Sale Recording Date: Jun 22, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14642
  • Previous Sale Recording Date: Aug 21, 2013
  • 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 Colonial Heights

Stats & Trends

Median Asking:

$532,450

Sale Price/ft²

$418

Above Asking

0.00%

Average Days on Market

43

Average Home Size

1088 ft²

Average Home Age

45 years

Currently For Sale

1 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: 4 months ago
Data Source: MLS PIN, MLS# 72310254

Frequently Asked Questions

When was property at 224 Colonial Road built and last sold?
The property at 224 Colonial Road was built in 1953 and last sold on Jan 1, 1970 for $300,000.
How much is this home worth?
The estimated value of the home located at 224 Colonial Road is $303,089.
What are some comparable homes to 224 Colonial Road?
There are currently no comparable homes to 224 Colonial Road.
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