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Lawrence 01841 Prospect Hill - Back Bay
5 Berkeley St
$375,000
● House - Off Market

5 Berkeley St

Lawrence, MA 01841
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,942 Ft²
$354,695
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Charming antique colonial featuring 4 bedrooms in the 2nd level, with a full bathroom. The first floor consist of a double living room, dining room, and a open concept kitchen and a half bathroom, off street parking and  2 car garage accessible through Keighley Ct rear of the property, with fenced yard. Bring your finishing touches to this beautiful colonial and schedule a showing today! Update: MULTIPLE OFFERS RECEIVED, offer deadline 3/15/22 at 7pm.
Unit Size
1,942 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$180
Property Type
House
Property Taxes
$286
HOA Dues
-
Year Built
1905

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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: 6 months ago (MLSPIN #72950269)

Price History

Date / Event Date Event Price
Apr 29, 2022 Sold
Premium
Sold
Mar 8, 2022 Listed by Coco, Early & Associates Lawrence Division LLC $349,900
Listed by Coco, Early & Associates Lawrence Division LLC
Aug 8, 2016 Sold
Premium
Sold
Mar 10, 2016 Listed by Coco, Early & Associates Lawrence Division LLC $239,721
Listed by Coco, Early & Associates Lawrence Division LLC

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 6
  • 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: 7,780
  • Total Building Area: 1,942
  • Gross Building Area: 3,072
  • Building Area: 1,942
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,942
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000179
  • 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: 110 0000 0073 A
  • Parcel: LAWR M:0110 B:0000 L:0073
  • Lot: 73
  • Municipality: LAWRENCE
  • Latitude: 42.7166
  • Longitude: -71.1562

    Address

  • Full Address: 5 Berkeley St
  • Address - House Number: 5
  • Address - Street Name: Berkeley
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C026
  • 4-Digit Zip Code: 1904
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $351,000

    Appraisal Valuation

  • Standard Deviation: 0.1911
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 497,879
  • High Value: 593,047
  • Low Value: 402,711

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $379,500
  • Assessed Land Value: $136,100
  • Assessed Improvements Value: $243,400

    Sales

  • Current Sale Contract Date: Apr 29, 2022
  • Current Sale Recording Date: Apr 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10333
  • Previous Sale Recording Date: Aug 08, 2016
  • Previous Sale Amount: $222,000
  • 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:

$579,999

Sale Price/ft²

$316

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1464 ft²

Average Home Age

83.4 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: 6 months ago
Data Source: MLS PIN, MLS# 72950269

Frequently Asked Questions

When was property at 5 Berkeley Street built and last sold?
The property at 5 Berkeley Street was built in 1905 and last sold on Apr 29, 2022 for $375,000.
How much is this home worth?
The estimated value of the home located at 5 Berkeley Street is $356,285.
What are some comparable homes to 5 Berkeley Street?
There are currently no comparable homes to 5 Berkeley Street.
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