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Lawrence 01843 Colonial Heights
230 Colonial Rd
$670,000
● House - Off Market

230 Colonial Rd

Lawrence, MA 01843
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,517 Ft²
$700,969
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Beautiful property located in the finest part of S. Lawrence. This spacious property features a skylit SunRoom at the entrance with skylights that perfectly complements and surprises its colonial style. In the kitchen, you will find state-of-the-art kitchen appliances including a 6 burner WOLF stove and a huge kitchen island. In the living room, you will find a traditional fireplace that gives that cozy and familiar touch to the property, the same as access to the outdoor area that has an inground-heated pool. Going upstairs you will find beautiful hardwood floors in the bedrooms, and the master bathroom has a luxurious bathtub and a spacious shower. And last but not least in the lower part of the house we have a basement perfect for entertaining and with the capacity to be transformed into whatever you dream of.
Unit Size
2,517 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$266
Property Type
House
Property Taxes
$423
HOA Dues
-
Year Built
1960

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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 #73010655)

Price History

Date / Event Date Event Price
Oct 7, 2022 Sold
Premium
Sold
Jul 12, 2022 Listed by Keller Williams Realty $669,900
Listed by Keller Williams Realty
Dec 15, 2017 Sold
Premium
Sold
Sep 19, 2017 Listed by Keller Williams Realty $399,900
Listed by Keller Williams Realty
Dec 22, 1983 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 1
  • 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: 10,000
  • Total Building Area: 2,517
  • Gross Building Area: 4,165
  • Building Area: 2,517
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,517
  • Heating Fuel Type: 3

    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 0007 A
  • Parcel: LAWR M:0056 B:0000 L:0007
  • Lot: 7
  • Municipality: LAWRENCE
  • Latitude: 42.6845
  • Longitude: -71.1504

    Address

  • Full Address: 230 Colonial Rd
  • Address - House Number: 230
  • 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: $493,200
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1762
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 696,070
  • High Value: 818,743
  • Low Value: 573,398

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $533,200
  • Assessed Land Value: $143,500
  • Assessed Improvements Value: $389,700

    Sales

  • Current Sale Contract Date: Oct 07, 2022
  • Current Sale Recording Date: Oct 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23579
  • Previous Sale Recording Date: Dec 15, 2017
  • Previous Sale Amount: $395,000
  • 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 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# 73010655

Frequently Asked Questions

When was property at 230 Colonial Road built and last sold?
The property at 230 Colonial Road was built in 1960 and last sold on Oct 7, 2022 for $670,000.
How much is this home worth?
The estimated value of the home located at 230 Colonial Road is $663,264.
What are some comparable homes to 230 Colonial Road?
There are currently no comparable homes to 230 Colonial Road.
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