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Lawrence 01841 Tower Hill
39 Columbus Ave
$399,000
● House - Off Market

39 Columbus Ave

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,542 Ft²
$381,287
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

HIGHEST AND BEST OFFERS DUE BY 8PM MONDAY, MAY 24th.  This quaint ranch is located on a corner lot in the Tower Hill area of Lawrence, MA, right over the Methuen line.  The main level consists of three bedrooms, one full bath, living room and eat-in kitchen.  The finished lower level has two additional rooms with closets, 3/4 bath, laundry and a partial kitchen.  See floor plans.  Plenty of off-street parking, shed included on property. Property is being sold as is. The seller has never occupied the property.  This listing is provided as a convenience to the Buyer. Buyer and/or Buyer's agent to verify all information prior to making an offer. All dimensions are approximate.
Unit Size
1,542 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$214
Property Type
House
Property Taxes
$249
HOA Dues
-
Year Built
1950

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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: 5 years ago (MLSPIN #72835188)

Price History

Date / Event Date Event Price
Jul 2, 2021 Sold
Premium
Sold
May 20, 2021 Listed by Century 21 North East $329,900
Listed by Century 21 North East

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 4,466
  • Total Building Area: 988
  • Gross Building Area: 2,032
  • Building Area: 988
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 988
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000103
  • 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: 250200

Geography

  • Account Number: 241 0000 0039 A
  • Parcel: LAWR M:0241 B:0000 L:0039
  • Lot: 39
  • Municipality: LAWRENCE
  • Latitude: 42.7031
  • Longitude: -71.1886

    Address

  • Full Address: 39 Columbus Ave
  • Address - House Number: 39
  • Address - Street Name: Columbus
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C011
  • 4-Digit Zip Code: 4040
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $329,600

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 429,523
  • High Value: 511,090
  • Low Value: 347,955

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $356,300
  • Assessed Land Value: $113,100
  • Assessed Improvements Value: $243,200

    Sales

  • Current Sale Contract Date: Jul 02, 2021
  • Current Sale Recording Date: Jul 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 22300
  • Previous Sale Recording Date: Apr 20, 2005
  • 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.

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Currently no similar homes around

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72835188

Frequently Asked Questions

When was property at 39 Columbus Avenue built and last sold?
The property at 39 Columbus Avenue was built in 1950 and last sold on Jul 2, 2021 for $399,000.
How much is this home worth?
The estimated value of the home located at 39 Columbus Avenue is $0.
What are some comparable homes to 39 Columbus Avenue?
There are currently no comparable homes to 39 Columbus Avenue.
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