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Lawrence 01841 Prospect Hill - Back Bay
56 Ferry Street
$247,000
● House - Off Market

56 Ferry Street

Lawrence, MA 01841
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,600 Ft²
$385,747
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model

About This Property

Very spacious home on a nice corner lot with driveway and fenced in yard. Vinyl sided, replacement windows and nice front porch. Come and view this home today!
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$159
Property Type
House
Property Taxes
$280
HOA Dues
-
Year Built
1900

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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: 4 months ago (MLSPIN #72364000)

Price History

Date / Event Date Event Price
Aug 29, 2018 Sold
Premium
Sold
Jul 18, 2018 Listed by Dick Lepine Real Estate,Inc. $255,000
Listed by Dick Lepine Real Estate,Inc.
May 1, 1998 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • 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: 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: 4,462
  • Total Building Area: 1,600
  • Gross Building Area: 2,886
  • Building Area: 1,600
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,600
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000102
  • 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: 250800

Geography

  • Account Number: 51 0000 0020 A
  • Parcel: LAWR M:0051 B:0000 L:0020
  • Lot: 20
  • Municipality: LAWRENCE
  • Latitude: 42.7144
  • Longitude: -71.1435

    Address

  • Full Address: 56 Ferry St
  • Address - House Number: 56
  • Address - Street Name: Ferry
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C013
  • 4-Digit Zip Code: 2210
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $336,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 473,753
  • High Value: 563,720
  • Low Value: 383,786

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $363,200
  • Assessed Land Value: $115,400
  • Assessed Improvements Value: $247,800

    Sales

  • Current Sale Recording Date: Aug 29, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 21050
  • Previous Sale Recording Date: May 01, 1998
  • Previous Sale Amount: $87,000
  • 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 Prospect Hill - Back Bay

Stats & Trends

Median Asking:

$552,000

Sale Price/ft²

$320

Above Asking

0.00%

Average Days on Market

47

Average Home Size

1324 ft²

Average Home Age

81.9 years

Currently For Sale

7 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72364000

Frequently Asked Questions

When was property at 56 Ferry Street built and last sold?
The property at 56 Ferry Street was built in 1900 and last sold on Jan 1, 1970 for $247,000.
How much is this home worth?
The estimated value of the home located at 56 Ferry Street is $264,218.
What are some comparable homes to 56 Ferry Street?
There are currently no comparable homes to 56 Ferry Street.
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