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Lawrence 01841 Tower Hill
547 Lowell St
$560,000
● House - Off Market

547 Lowell St

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,700 Ft²
$3,106
Est. Monthly

About This Property

Immaculate Multi-level home boasting over 1700 sq' of living space and nestled on an expansive 27,000 sq' lot.  Experience the seamless flow of the open concept living room, dining room, and kitchen, offering a versatile space for both intimate gatherings & entertaining. Home offers a new roof, new furnace & HW heater. Gleaming hardwood floors in the main living area, new kitchen and 2 updated bathrooms and nicely finished 1st level with electric heat and new wall to wall carpet. Don't miss this rare opportunity to make this your forever home!
Unit Size
1,700 Ft²
Days on Market
-
Land Size
0.62 acres
Price per sqft
$321
Property Type
House
Property Taxes
$429
HOA Dues
-
Year Built
1955

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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 months ago (MLSPIN #73162655)

Price History

Date / Event Date Event Price
Mar 26, 2024 Sold
Premium
Sold
Jan 28, 2024 In contract -
In contract
Jan 12, 2024 Price Decreased $545,000
↓ $20K (3.5%)
Price Decreased
Nov 21, 2023 Price Decreased $564,900
↓ $10K (1.7%)
Price Decreased
Oct 25, 2023 Price Increased $574,900
↑ $30K (5.5%)
Price Increased
Show More

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • 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: 27,150
  • Total Building Area: 1,700
  • Gross Building Area: 3,532
  • Building Area: 1,700
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,700
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000623
  • 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: 227 0000 0015 A
  • Parcel: LAWR M:0227 B:0000 L:0015
  • Lot: 15
  • Municipality: LAWRENCE
  • Latitude: 42.7009
  • Longitude: -71.1841

    Address

  • Full Address: 547 Lowell St
  • Address - House Number: 547
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C011
  • 4-Digit Zip Code: 4413
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $362,400
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.0797
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 94
  • Final Value: 536,963
  • High Value: 579,766
  • Low Value: 494,159

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $391,800
  • Assessed Land Value: $156,300
  • Assessed Improvements Value: $235,500

    Sales

  • Current Sale Recording Date: Oct 29, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 50400
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

$285

Below Asking

0.01%

Average Days on Market

71

Average Home Size

2461 ft²

Average Home Age

107.6 years

Currently For Sale

12 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: 5 months ago
Data Source: MLS PIN, MLS# 73162655

Frequently Asked Questions

When was property at 547 Lowell Street built and last sold?
The property at 547 Lowell Street was built in 1955 and last sold on Jan 1, 1970 for $317,900.
How much is this home worth?
The estimated value of the home located at 547 Lowell Street is $577,505.
What are some comparable homes to 547 Lowell Street?
There are currently no comparable homes to 547 Lowell Street.
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