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Lawrence 01841 Prospect Hill - Back Bay
338 Prospect Street
Photo of 338 Prospect Street
Sold on Dec 14, 2011

1

Map

$127,000
● House - Off Market

338 Prospect Street

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,184 Ft²
$291,752
RealtyHop Estimate
131.55%
Since Jan 1, 2012
National-US
Primary Model

About This Property

NEW PRICE - Nice Colonial in Prospect Hill with 3 Bedrooms - Den on 1st floor could be another bedroom..Two full baths..2 Car Detached garage and off street parking for two cars. Extra large lot with outside deck - perfect for entertaining. Newer heating system, hot water tank and windows. Nice side porch and some finished, walk-out area in the lower level..Short Sale subject to final bank approval.
Unit Size
1,184 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$106
Property Type
House
Property Taxes
$300
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 months ago (MLSPIN #71147005)

Price History

Date / Event Date Event Price
Dec 15, 2011 Sold
Premium
Sold
Oct 5, 2010 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $126,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
NEW PRICE - Nice Colonial in Prospect Hill with 3 Bedrooms - Den on 1st floor could be another bedroom..Two full baths..2 Car Detached garage and off street parking for two cars. Extra large lot with outside deck - perfect for entertaining. Newer heating system, hot water tank and windows. Nice side porch and some finished, walk-out area in the lower level..Short Sale subject to final bank approval.
Mar 24, 2006 Sold
Premium
Sold
Jan 13, 2006 Listed by Prudential Verani Realty $225,000
Listed by Prudential Verani Realty

Property Highlights

Garage
Parking Available

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
  • 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: 14,576
  • Total Building Area: 1,184
  • Gross Building Area: 2,360
  • Building Area: 1,184
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,184
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000335
  • 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: 91 0000 0004 A
  • Parcel: LAWR M:0091 B:0000 L:0004
  • Lot: 4
  • Municipality: LAWRENCE
  • Latitude: 42.7187
  • Longitude: -71.1553

    Address

  • Full Address: 338 Prospect St
  • Address - House Number: 338
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C026
  • 4-Digit Zip Code: 2041
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $359,900

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 475,115
  • High Value: 565,341
  • Low Value: 384,890

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $389,100
  • Assessed Land Value: $154,700
  • Assessed Improvements Value: $234,400

    Sales

  • Current Sale Recording Date: Dec 15, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000003
  • Previous Sale Recording Date: Mar 24, 2006
  • Previous Sale Amount: $230,000
  • 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 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71147005

Frequently Asked Questions

When was property at 338 Prospect Street built and last sold?
The property at 338 Prospect Street was built in 1900 and last sold on Jan 1, 1970 for $127,000.
How much is this home worth?
The estimated value of the home located at 338 Prospect Street is $152,877.
What are some comparable homes to 338 Prospect Street?
There are currently no comparable homes to 338 Prospect Street.
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