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Lawrence 01841 Prospect Hill - Back Bay
32 Hoffman Ave
$355,000
● House - Off Market

32 Hoffman Ave

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,565 Ft²
$530,938
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

Young colonial with farmers porch located on a dead end street! Welcome to this bright and inviting home that provides you a spacious living room that leads you to dining room area and large eat in kitchen! First floor half bath was recently remodeled. Sliders off kitchen lead you to wood deck, fenced yard for those summer fun moments! As you walk upstairs you are greeted by 3 generous sized bedrooms featuring a master bedroom with vaulted ceilings and spacious closet. But wait there is more! Looking to spend time for movie nights, watching your favorite sporting event or entertaining? This home offers a finished lower level perfect for your personal details and a laundry area. Truly an awesome home and ready for you to make it home!
Unit Size
1,565 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$230
Property Type
House
Property Taxes
$324
HOA Dues
-
Year Built
1997

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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 #72465862)

Price History

Date / Event Date Event Price
May 14, 2019 Sold
Premium
Sold
Mar 15, 2019 Listed by Coco, Early & Associates The Olivares and Molina Division $359,900
Listed by Coco, Early & Associates The Olivares and Molina Division
Apr 18, 2014 Sold
Premium
Sold
Jan 10, 2014 Listed by Coco, Early & Associates The Olivares and Molina Division $234,900
Listed by Coco, Early & Associates The Olivares and Molina Division
Jan 30, 1998 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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
  • 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: 6,637
  • Total Building Area: 1,565
  • Gross Building Area: 2,529
  • Building Area: 1,565
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,565
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000152
  • 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: 250800

Geography

  • Account Number: 33 0000 0003 A
  • Parcel: LAWR M:0033 B:0000 L:0003
  • Lot: 3
  • Municipality: LAWRENCE
  • Latitude: 42.7201
  • Longitude: -71.1392

    Address

  • Full Address: 32 Hofmann Ave
  • Address - House Number: 32
  • Address - Street Name: Hofmann
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C018
  • 4-Digit Zip Code: 1506
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $424,600

    Appraisal Valuation

  • Standard Deviation: 0.1838
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 543,517
  • High Value: 643,569
  • Low Value: 443,465

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $459,000
  • Assessed Land Value: $128,500
  • Assessed Improvements Value: $330,500

    Sales

  • Current Sale Contract Date: May 13, 2019
  • Current Sale Recording Date: May 14, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10380
  • Previous Sale Recording Date: Apr 18, 2014
  • Previous Sale Amount: $230,000
  • 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

$320

Below Asking

0.01%

Average Days on Market

47

Average Home Size

957 ft²

Average Home Age

82.4 years

Currently For Sale

5 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# 72465862

Frequently Asked Questions

When was property at 32 Hoffman Avenue built and last sold?
The property at 32 Hoffman Avenue was built in 1997 and last sold on May 13, 2019 for $355,000.
How much is this home worth?
The estimated value of the home located at 32 Hoffman Avenue is $370,931.
What are some comparable homes to 32 Hoffman Avenue?
There are currently no comparable homes to 32 Hoffman Avenue.
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