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Lawrence 01841 Tower Hill
5 Freeman Court
$320,000
● House - Off Market

5 Freeman Court

Lawrence, MA 01841
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,048 Ft²
$359,641
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Welcome home to this bright and inviting colonial where you can sit in the days and evenings to enjoy your backyard oasis! This home offers a cozy living room with lots of natural light, freshly painted kitchen with updated floors throughout the living room and kitchen, 2 bedrooms, 2.5 baths, a finished lower level for a game room or office, off street parking for 2-3 cars with a fenced-in yard and deck for outdoor fun! Located close to main roads with easy access to highways and to local amenities. Make this your home today!
Unit Size
1,048 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$323
Property Type
House
Property Taxes
$197
HOA Dues
-
Year Built
1920

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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 #73033067)

Price History

Date / Event Date Event Price
Dec 21, 2022 Sold
Premium
Sold
Oct 21, 2022 In contract -
In contract
Oct 12, 2022 Relisted $350,000
Relisted
Sep 28, 2022 In contract -
In contract
Sep 27, 2022 Price Decreased $339,000
↓ $11K (3.1%)
Price Decreased
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 2,240
  • Total Building Area: 768
  • Gross Building Area: 1,413
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 768
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000051
  • 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: 251300

Geography

  • Account Number: 163 0000 0028 A
  • Parcel: LAWR M:0163 B:0000 L:0028
  • Lot: 28
  • Municipality: LAWRENCE
  • Latitude: 42.7003
  • Longitude: -71.1734

    Address

  • Full Address: 5 Freeman Ct
  • Address - House Number: 5
  • Address - Street Name: Freeman
  • Address - Suffix Type: Ct
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C009
  • 4-Digit Zip Code: 5016
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $280,600
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1797
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 317,327
  • High Value: 374,469
  • Low Value: 260,186

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $303,400
  • Assessed Land Value: $92,800
  • Assessed Improvements Value: $210,600

    Sales

  • Current Sale Contract Date: Dec 21, 2022
  • Current Sale Recording Date: Dec 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 28888
  • Previous Sale Recording Date: Aug 07, 2002
  • Previous Sale Amount: $126,900
  • 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

2538 ft²

Average Home Age

126 years

Currently For Sale

9 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# 73033067

Frequently Asked Questions

When was property at 5 Freeman Court built and last sold?
The property at 5 Freeman Court was built in 1920 and last sold on Dec 21, 2022 for $320,000.
How much is this home worth?
The estimated value of the home located at 5 Freeman Court is $329,641.
What are some comparable homes to 5 Freeman Court?
There are currently no comparable homes to 5 Freeman Court.
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