For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Lawrence 01841 Tower Hill
3 Pearl Ave
$120,750
● House - Off Market

3 Pearl Ave

Lawrence, MA 01841
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,195 Ft²
$227,796
RealtyHop Estimate
88.65%
Since May 1, 2014
National-US
Primary Model

About This Property

Cozy Tower Hill Bungalow close to Lawrence/Methuen line. Last house on a dead-end street. House needs some TLC but well worth the investment. Very nice view of South Lawrence from back yard which is fenced and private. Basement is partially finished with a bathroom. Plenty of storage in the walk-up attic. Make an appointment today.
Unit Size
1,195 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$101
Property Type
House
Property Taxes
$146
HOA Dues
-
Year Built
1923

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 5 months ago (MLSPIN #71566636)

Price History

Date / Event Date Event Price
Jun 18, 2020 Sold
Premium
Sold
Mar 31, 2020 Listed by James Marcora Realty $380,000
Listed by James Marcora Realty
Apr 29, 2014 Sold
Premium
Sold
Aug 7, 2013 Listed by James Marcora Realty $120,750
Listed by James Marcora Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 2
  • 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: 4,760
  • Total Building Area: 1,260
  • Gross Building Area: 4,430
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000109
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Lawrence School District
  • School Tax School District: LAWRENCE SD
  • Census Tract: 251400

Geography

  • Account Number: 206 0000 0088 A
  • Parcel: LAWR M:0206 B:0000 L:0088
  • Lot: 88
  • Municipality: LAWRENCE
  • Latitude: 42.699
  • Longitude: -71.1799

    Address

  • Full Address: 3 Pearl Ave
  • Address - House Number: 3
  • Address - Street Name: Pearl
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C010
  • 4-Digit Zip Code: 4504
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $392,300

    Appraisal Valuation

  • Standard Deviation: 0.1809
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 497,923
  • High Value: 588,016
  • Low Value: 407,829

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $424,100
  • Assessed Land Value: $115,500
  • Assessed Improvements Value: $308,600

    Sales

  • Current Sale Contract Date: May 14, 2020
  • Current Sale Recording Date: Jun 18, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14815
  • Previous Sale Recording Date: Apr 29, 2014
  • Previous Sale Amount: $120,750
  • 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 Tower Hill

Stats & Trends

Median Asking:

$629,900

Sale Price/ft²

$285

Below Asking

0.01%

Average Days on Market

67

Average Home Size

2196 ft²

Average Home Age

114.7 years

Currently For Sale

13 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71566636

Frequently Asked Questions

When was property at 3 Pearl Avenue built and last sold?
The property at 3 Pearl Avenue was built in 1923 and last sold on May 14, 2020 for $380,000.
How much is this home worth?
The estimated value of the home located at 3 Pearl Avenue is $384,736.
What are some comparable homes to 3 Pearl Avenue?
There are currently no comparable homes to 3 Pearl Avenue.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Lawrence Homes for Sale
Lawrence Houses for Sale
Lawrence Condos for Sale
Lawrence Townhouses for Sale
Lawrence Multifamily for Sale
Lawrence Land for Sale
Lawrence Commercial for Sale
Lawrence Homes with Basements
Nearby Cities
Methuen Town Homes for Sale
Andover Homes for Sale
Nearby Property Records
Essex County, MA Property Records
Middlesex County, MA Property Records
Rockingham County, NH Property Records
Suffolk County, MA Property Records
Hillsborough County, NH Property Records
Norfolk County, MA Property Records
Worcester County, MA Property Records
Strafford County, NH Property Records
Neighborhoods
Tower Hill Real Estate
Prospect Hill - Back Bay Real Estate
Arlington Real Estate
Mount Vernon Real Estate
South Common Real Estate
South West Real Estate
North Common Real Estate
Colonial Heights Real Estate
Nearby Counties
Methuen Town Homes for Sale
Andover Homes for Sale
North Andover Homes for Sale
Top Real Estate Agents
Top Agents in Tower Hill
Top Agents in Lawrence
Top Agents in Methuen Town
Top Agents in Methuen Town
Top Agents in 01844
Top Agents in Andover
Top Agents in 01810
Top Agents in North Andover