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Lawrence 01841 Tower Hill
64 Nesmith St
$275,000
● House - Off Market

64 Nesmith St

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,330 Ft²
$404,073
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model

About This Property

Great floor plan on the main level,  a large eat in kitchen, fireplace in the living room which opens to dining room. Enjoy the sun through the sliders to the back deck and step outside to enjoy the pretty back yard. There's also space to enjoy relaxing on the enclosed 3 season porch on the front of the house. Full basement offers plenty of storage, laundry hook ups and a wood stove (haven't been used been current owner), and new furnace. Exterior is vinyl sided, roof is only about 12 years old. Conveniently located with easy access to highways, restaurants, entertainment, shopping and other area amenities. The house is currently vacant and seller will not be making any improvements to the home, the property is be sold is "as is" condition.  There is hard wood ready to be finished under the carpets on the 2nd floor.
Unit Size
1,330 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$210
Property Type
House
Property Taxes
$221
HOA Dues
-
Year Built
1900

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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 #72606210)

Price History

Date / Event Date Event Price
Sep 15, 2021 Sold
Premium
Sold
Jul 26, 2021 Listed by Bentley's $344,900
Listed by Bentley's
Feb 11, 2020 Sold
Premium
Sold
Jan 9, 2020 Listed by Bentley's $279,900
Listed by Bentley's
Sep 22, 2014 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 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: 4,950
  • Total Building Area: 1,330
  • Gross Building Area: 2,602
  • Building Area: 1,330
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,330
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000114
  • 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: 226 0000 0093 A
  • Parcel: LAWR M:0226 B:0000 L:0093
  • Lot: 93
  • Municipality: LAWRENCE
  • Latitude: 42.6987
  • Longitude: -71.1833

    Address

  • Full Address: 64 Nesmith St
  • Address - House Number: 64
  • Address - Street Name: Nesmith
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C010
  • 4-Digit Zip Code: 4853
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $321,300

    Appraisal Valuation

  • Standard Deviation: 0.1796
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 432,969
  • High Value: 515,191
  • Low Value: 350,747

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $347,400
  • Assessed Land Value: $117,200
  • Assessed Improvements Value: $230,200

    Sales

  • Current Sale Contract Date: Sep 15, 2021
  • Current Sale Recording Date: Sep 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 30789
  • Previous Sale Recording Date: Feb 11, 2020
  • Previous Sale Contract Date: Jan 28, 2020
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: O
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

2538 ft²

Average Home Age

126 years

Currently For Sale

9 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# 72606210

Frequently Asked Questions

When was property at 64 Nesmith Street built and last sold?
The property at 64 Nesmith Street was built in 1900 and last sold on Sep 15, 2021 for $360,000.
How much is this home worth?
The estimated value of the home located at 64 Nesmith Street is $340,826.
What are some comparable homes to 64 Nesmith Street?
There are currently no comparable homes to 64 Nesmith Street.
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