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Lawrence 01841 Tower Hill
59 Nesmith
$290,000
● House - Off Market

59 Nesmith

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
1 Bath
square feet
950 Ft²
$433,792
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model

About This Property

LOCATION, LOCATION, LOCATION. Renovated, charming, 3 bedroom single family house in Tower Hill Area. Ready to move in. The house was used as a 4 bedroom home. New roof, new sidings, new windows, new doors, renovated kitchen, new granite countertop, new stainless steel appliances, new faucet, new dishwasher, new stove and new vented microwave, eat in kitchen. Renovated bathroom with new sink and new toilet. The entire house is freshly painted. Sanded and freshly painted hardwood floors. New insulated garage door. Full basement with good ceiling height connected to garage entrance. New stairs connected to rear covered deck. Fenced yard, garage, and shed. New paved driveway asphalt. Electric brake system. Minutes from train station, 93 Rte, 495 Rte and 213 Rte.
Unit Size
950 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$305
Property Type
House
Property Taxes
$201
HOA Dues
-
Year Built
1959

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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 #72446247)

Price History

Date / Event Date Event Price
Mar 8, 2019 Sold
Premium
Sold
Jan 26, 2019 Listed by Weichert Realtors' Daher Companies $290,000
Listed by Weichert Realtors' Daher Companies
Oct 19, 2018 Sold
Premium
Sold
Aug 2, 2018 Listed by Weichert Realtors' Daher Companies $199,900
Listed by Weichert Realtors' Daher Companies
Apr 7, 2003 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 4,534
  • Total Building Area: 950
  • Gross Building Area: 2,488
  • Building Area: 950
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 950
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000104
  • 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: 225 0000 0064 A
  • Parcel: LAWR M:0225 B:0000 L:0064
  • Lot: 64
  • Municipality: LAWRENCE
  • Latitude: 42.6982
  • Longitude: -71.1828

    Address

  • Full Address: 59 Nesmith St
  • Address - House Number: 59
  • Address - Street Name: Nesmith
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C010
  • 4-Digit Zip Code: 4849
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $338,600

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 437,645
  • High Value: 520,755
  • Low Value: 354,535

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $366,100
  • Assessed Land Value: $113,700
  • Assessed Improvements Value: $252,400

    Sales

  • Current Sale Contract Date: Mar 01, 2019
  • Current Sale Recording Date: Mar 08, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4989
  • Previous Sale Recording Date: Apr 07, 2003
  • Previous Sale Amount: $174,500
  • 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

4474 ft²

Average Home Age

118.7 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72446247

Frequently Asked Questions

When was property at 59 Nesmith Street built and last sold?
The property at 59 Nesmith Street was built in 1959 and last sold on Mar 1, 2019 for $290,000.
How much is this home worth?
The estimated value of the home located at 59 Nesmith Street is $285,000.
What are some comparable homes to 59 Nesmith Street?
There are currently no comparable homes to 59 Nesmith Street.
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