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Lawrence 01843 Colonial Heights
7 Durso Avenue
$390,000
● House - Off Market

7 Durso Avenue

Lawrence, MA 01843
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,696 Ft²
$525,849
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

Come tour this adorable expanded Colonial Heights Cape on the Andover Line.  Beautiful kitchen with cherry cabinets and slider out to the back yard. Sun lit dining room flows into spacious living room that has a wood burning fireplace.  The first floor has two oversized bedrooms and a full bath.  There is a custom double closet in the master.  Head upstairs and find all brand new carpets and paint in the upper 2 bedrooms. There is an attic space that is rough-plumbed for a bathroom.  There is even a cedar storage closet in the basement.  New gas boiler (2020), newer windows (approx 2008) and newer roof (approx 2005). Huge corner lot with very private back yard.  This house is a must see!
Unit Size
1,696 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$229
Property Type
House
Property Taxes
$279
HOA Dues
-
Year Built
1940

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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 #72705334)

Price History

Date / Event Date Event Price
Sep 23, 2020 Sold
Premium
Sold
Aug 6, 2020 Listed by Gabriel Realty Group $389,000
Listed by Gabriel Realty Group

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 10,000
  • Total Building Area: 1,696
  • Gross Building Area: 3,800
  • Building Area: 1,696
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,696
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 251700

Geography

  • Account Number: 58 0000 0012 A
  • Parcel: LAWR M:0058 B:0000 L:0012
  • Lot: 12
  • Municipality: LAWRENCE
  • Latitude: 42.6882
  • Longitude: -71.1501

    Address

  • Full Address: 7 Durso Ave
  • Address - House Number: 7
  • Address - Street Name: Durso
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C034
  • 4-Digit Zip Code: 2823
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $412,400

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 563,086
  • High Value: 665,326
  • Low Value: 460,847

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $445,800
  • Assessed Land Value: $143,500
  • Assessed Improvements Value: $302,300

    Sales

  • Current Sale Contract Date: Sep 22, 2020
  • Current Sale Recording Date: Sep 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 25505
  • Previous Sale Recording Date: Aug 05, 2004
  • 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 Colonial Heights

Stats & Trends

Median Asking:

$532,450

Sale Price/ft²

$418

Above Asking

0.00%

Average Days on Market

43

Average Home Size

1088 ft²

Average Home Age

45 years

Currently For Sale

1 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72705334

Frequently Asked Questions

When was property at 7 Durso Avenue built and last sold?
The property at 7 Durso Avenue was built in 1940 and last sold on Sep 22, 2020 for $390,000.
How much is this home worth?
The estimated value of the home located at 7 Durso Avenue is $392,971.
What are some comparable homes to 7 Durso Avenue?
There are currently no comparable homes to 7 Durso Avenue.
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