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Lawrence 01841 Prospect Hill - Back Bay
263 Prospect Street
$230,000
● House - Off Market

263 Prospect Street

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,107 Ft²
$346,498
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Updated well maintained colonial move in ready.  First floor offers a very spacious living room with plenty of natural light as well as high ceilings, offering a great sense of space.  Newer eat in kitchen with tile floors, white cabinetry, modern colors, updated appliances, and two pantry closets.  First floor bathroom is nicely tiled with a modern touch.  Second floor offers laminate flooring throughout, a good sized master bedroom with half bath and ample storage, along with a 2nd spacious bedroom and a third bedroom that could also be used as a home office.  Furnace is 5 years old and Hot water tank is from 2017.  One off street parking spot along with street parking.  Great commuter location, minutes from 93, 495, and shopping.
Unit Size
1,107 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$226
Property Type
House
Property Taxes
$185
HOA Dues
-
Year Built
1910

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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 #72665479)

Price History

Date / Event Date Event Price
Jul 17, 2020 Sold
Premium
Sold
Jun 1, 2020 Listed by Keller Williams Realty $249,900
Listed by Keller Williams Realty
Jul 22, 2015 Sold
Premium
Sold
May 2, 2015 Listed by Keller Williams Realty $124,900
Listed by Keller Williams Realty
Feb 10, 2009 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 1
  • 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: 1,600
  • Total Building Area: 1,107
  • Gross Building Area: 1,960
  • Building Area: 1,107
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,107
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000037
  • 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: 250700

Geography

  • Account Number: 90 0000 0095 A
  • Parcel: LAWR M:0090 B:0000 L:0095
  • Lot: 95
  • Municipality: LAWRENCE
  • Latitude: 42.7165
  • Longitude: -71.1538

    Address

  • Full Address: 263 Prospect St
  • Address - House Number: 263
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C026
  • 4-Digit Zip Code: 2824
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $243,600

    Appraisal Valuation

  • Standard Deviation: 0.1796
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 348,842
  • High Value: 411,648
  • Low Value: 286,036

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $263,400
  • Assessed Land Value: $83,800
  • Assessed Improvements Value: $179,600

    Sales

  • Current Sale Contract Date: Jul 17, 2020
  • Current Sale Recording Date: Jul 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18117
  • Previous Sale Recording Date: Jul 22, 2015
  • Previous Sale Amount: $115,000
  • 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 Prospect Hill - Back Bay

Stats & Trends

Median Asking:

$552,000

Sale Price/ft²

$325

Above Asking

0.00%

Average Days on Market

47

Average Home Size

1324 ft²

Average Home Age

81.9 years

Currently For Sale

7 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# 72665479

Frequently Asked Questions

When was property at 263 Prospect Street built and last sold?
The property at 263 Prospect Street was built in 1910 and last sold on Jul 17, 2020 for $230,000.
How much is this home worth?
The estimated value of the home located at 263 Prospect Street is $255,031.
What are some comparable homes to 263 Prospect Street?
There are currently no comparable homes to 263 Prospect Street.
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