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Lawrence 01841 Tower Hill
55 Ames
$280,000
● House - Off Market

55 Ames

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,248 Ft²
$410,405
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

PRIDE OF OWNERSHIP, BEAUTIFULLY MAINTENANCE SINGLE FAMILY /MOVE IN READY HOME/ CORNER LOT, OFF STREET PARKING, LOVELY GARDEN WITH FRUIT TREES AND VEGETABLE/ SHED~~~VINYL SIDING, ROOF 2012, WINDOWS 2012, GAS/BOILER 2010,  FIREPLACED LIVING ROOM, HARDWOOD THROUGHOUT, 3 BEDROOMS, 2 BATHS, WALK UP ATTIC~~~~NEED MORE SPACES~~~ TILED FLOOR IN LOWER LEVEL AND A FULL BATH~~~  EASY TO SHOW ~~~~ EASY TO ACCESS TO HIGHWAYS I 93 AND ROUTE 110~~~ SUPER CONVENIENT LOCATION~~~ HURRY IT WILL NOT LAST LONG~~~
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$224
Property Type
House
Property Taxes
$206
HOA Dues
-
Year Built
1925

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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 #72529975)

Price History

Date / Event Date Event Price
Aug 29, 2019 Sold
Premium
Sold
Jul 8, 2019 Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave. $279,900
Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave.
May 9, 1994 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • 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: 3,300
  • Total Building Area: 1,248
  • Gross Building Area: 2,387
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000076
  • 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: 251400

Geography

  • Account Number: 205 0000 0056 A
  • Parcel: LAWR M:0205 B:0000 L:0056
  • Lot: 56
  • Municipality: LAWRENCE
  • Latitude: 42.6978
  • Longitude: -71.1808

    Address

  • Full Address: 55 Ames St
  • Address - House Number: 55
  • Address - Street Name: Ames
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C010
  • 4-Digit Zip Code: 4937
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $346,600

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 450,453
  • High Value: 535,995
  • Low Value: 364,911

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $374,700
  • Assessed Land Value: $103,300
  • Assessed Improvements Value: $271,400

    Sales

  • Current Sale Contract Date: Aug 24, 2019
  • Current Sale Recording Date: Aug 29, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20899
  • Previous Sale Recording Date: May 09, 1994
  • Previous Sale Amount: $52,000
  • 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 Tower Hill

Stats & Trends

Median Asking:

$629,900

Sale Price/ft²

$294

Below Asking

0.01%

Average Days on Market

71

Average Home Size

4683 ft²

Average Home Age

118.5 years

Currently For Sale

11 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# 72529975

Frequently Asked Questions

When was property at 55 Ames Street built and last sold?
The property at 55 Ames Street was built in 1925 and last sold on Aug 24, 2019 for $280,000.
How much is this home worth?
The estimated value of the home located at 55 Ames Street is $284,110.
What are some comparable homes to 55 Ames Street?
There are currently no comparable homes to 55 Ames Street.
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