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Lawrence 01841 Prospect Hill - Back Bay
28 Berkeley
$215,000
● House - Off Market

28 Berkeley

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,737 Ft²
$278,768
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Breathe new life into this spacious, turn-of-the-century classic New England home. Over 2500 sf of bright, open living space includes a partially finished 3rd floor allowing for extensive investment potential. This home boasts strong, beautiful bones, lots of (newer) windows, huge sun-filled rooms, open flow floor plan, newer furnace and oil tank, and has been recently insulated. Restore this gem back to glory with a fresh coat of paint and a few modern updates! Price change reflects structural work needed in basement. Ask agent for details. Won't qualify for FHA or Conventional. Will need a rehab or hard money loan.
Unit Size
2,737 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$91
Property Type
House
Property Taxes
$248
HOA Dues
-
Year Built
1900

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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: 5 years ago (MLSPIN #72891113)

Price History

Date / Event Date Event Price
Apr 22, 2022 Sold
Premium
Sold
Nov 23, 2021 Sold
Premium
Sold
Sep 7, 2021 Listed by Lesly Perez $250,000
Listed by Lesly Perez

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 3,311
  • Total Building Area: 2,072
  • Gross Building Area: 3,935
  • Building Area: 2,072
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,072
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000076
  • 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: 110 0000 0052 A
  • Parcel: LAWR M:0110 B:0000 L:0052
  • Lot: 52
  • Municipality: LAWRENCE
  • Latitude: 42.7174
  • Longitude: -71.1572

    Address

  • Full Address: 28 Berkeley St
  • Address - House Number: 28
  • Address - Street Name: Berkeley
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C007
  • 4-Digit Zip Code: 1907
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $366,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1852
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 65
  • Final Value: 547,848
  • High Value: 681,122
  • Low Value: 414,574

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $395,800
  • Assessed Land Value: $103,400
  • Assessed Improvements Value: $292,400

    Sales

  • Current Sale Contract Date: Apr 22, 2022
  • Current Sale Recording Date: Apr 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9796
  • Previous Sale Recording Date: Nov 23, 2021
  • Previous Sale Contract Date: Nov 23, 2021
  • Previous Sale Amount: $215,000
  • 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: 5 years ago
Data Source: MLS PIN, MLS# 72891113

Frequently Asked Questions

When was property at 28 Berkeley Court built and last sold?
The property at 28 Berkeley Court was built in 1900 and last sold on Apr 22, 2022 for $502,000.
How much is this home worth?
The estimated value of the home located at 28 Berkeley Court is $290,486.
What are some comparable homes to 28 Berkeley Court?
There are currently no comparable homes to 28 Berkeley Court.
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