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Lawrence 01841 Tower Hill
3 Melrose St
$365,000
● House - Off Market

3 Melrose St

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,207 Ft²
$322,380
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

New to the market! This 3-bedroom home has easy access to major highways, shopping centers, and hospitals. It offers hardwood/laminate flooring throughout the first floor. A large Laundry room with washer and dryer hookups, and wall-to-wall carpet in the upstair bedrooms. This property also features a nice 3 seasoned wraparound porch & fenced yard. Offer Deadline Tuesday 4/25 at 5 PM.
Unit Size
1,207 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$265
Property Type
House
Property Taxes
$205
HOA Dues
-
Year Built
1890

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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 #73101476)

Price History

Date / Event Date Event Price
Jun 1, 2023 Sold
Premium
Sold
Apr 27, 2023 In contract -
In contract
Apr 20, 2023 Listed by Century 21 North East $319,900
Listed by Century 21 North East
Jun 11, 2010 Sold
Premium
Sold
Mar 25, 2010 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 7
  • 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: 1,740
  • Total Building Area: 1,207
  • Gross Building Area: 2,305
  • Building Area: 1,207
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,207
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000040
  • 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: 251300

Geography

  • Account Number: 163 0000 0034 A
  • Parcel: LAWR M:0163 B:0000 L:0034
  • Lot: 34
  • Municipality: LAWRENCE
  • Latitude: 42.6999
  • Longitude: -71.1718

    Address

  • Full Address: 3 Melrose St
  • Address - House Number: 3
  • Address - Street Name: Melrose
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C009
  • 4-Digit Zip Code: 5030
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $282,100
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2598
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 63
  • Final Value: 452,752
  • High Value: 568,974
  • Low Value: 336,530

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $305,000
  • Assessed Land Value: $85,800
  • Assessed Improvements Value: $219,200

    Sales

  • Current Sale Contract Date: May 31, 2023
  • Current Sale Recording Date: Jun 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8452
  • Previous Sale Recording Date: Jun 11, 2010
  • Previous Sale Amount: $44,000
  • 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 Tower Hill

Stats & Trends

Median Asking:

$629,900

Sale Price/ft²

$294

Below Asking

0.01%

Average Days on Market

71

Average Home Size

2548 ft²

Average Home Age

125 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73101476

Frequently Asked Questions

When was property at 3 Melrose Street built and last sold?
The property at 3 Melrose Street was built in 1890 and last sold on May 31, 2023 for $365,000.
How much is this home worth?
The estimated value of the home located at 3 Melrose Street is $313,207.
What are some comparable homes to 3 Melrose Street?
There are currently no comparable homes to 3 Melrose Street.
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