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Lawrence 01841 Prospect Hill - Back Bay
6 Colby St
$350,000
● House - Off Market

6 Colby St

Lawrence, MA 01841
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,080 Ft²
$346,730
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Well maintained 2 bedroom single family home just off Rte 495 in North Lawrence. This home offers hardwood floors, updated kitchen, french doors leading to living room, 3 season porch, den and paved drive for off street parking. First showings on Saturday 12-2:30 and Sunday 12-2:30. Offers if any will be presented on Monday at noon. Seller reserves the right to accept an offer at any time.  Please wear a mask when in the house. Thank you.
Unit Size
1,080 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$278
Property Type
House
Property Taxes
$252
HOA Dues
-
Year Built
1896

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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: 5 years ago (MLSPIN #72842865)

Price History

Date / Event Date Event Price
Jul 19, 2021 Sold
Premium
Sold
Jun 3, 2021 Listed by Century 21 North East $300,000
Listed by Century 21 North East

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1896
  • Effective Year Built: 1896
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 4,512
  • Total Building Area: 1,080
  • Gross Building Area: 2,288
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOHN COLBY
  • 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: 250800

Geography

  • Account Number: 52 0000 0065 A
  • Parcel: LAWR M:0052 B:0000 L:0065
  • Lot: 65
  • Municipality: LAWRENCE
  • Latitude: 42.7164
  • Longitude: -71.1444

    Address

  • Full Address: 6 Colby St
  • Address - House Number: 6
  • Address - Street Name: Colby
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C013
  • 4-Digit Zip Code: 2103
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $309,500
  • Initial Tax Delinquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.2548
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 63
  • Final Value: 424,015
  • High Value: 532,392
  • Low Value: 315,638

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $334,600
  • Assessed Land Value: $115,800
  • Assessed Improvements Value: $218,800

    Sales

  • Current Sale Contract Date: Jul 19, 2021
  • Current Sale Recording Date: Jul 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23976
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:

$560,000

Sale Price/ft²

$318

Below Asking

0.01%

Average Days on Market

47

Average Home Size

974 ft²

Average Home Age

70.9 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72842865

Frequently Asked Questions

When was property at 6 Colby Street built and last sold?
The property at 6 Colby Street was built in 1896 and last sold on Jul 19, 2021 for $350,000.
How much is this home worth?
The estimated value of the home located at 6 Colby Street is $0.
What are some comparable homes to 6 Colby Street?
There are currently no comparable homes to 6 Colby Street.
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