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Lawrence 01843 Colonial Heights
77 Colonial Road
$404,000
● House - Off Market

77 Colonial Road

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,369 Ft²
$536,180
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

Be in your new home for the holidays! Great location in a beautiful neighborhood near Route 114 close North Andover line. Original owner has lovingly built this home and taken great care of it! This home has 3 bedrooms and 1.5 bath.  Great flow for entertaining in the kitchen that opens to Dining and Living rooms with hardwood floors under carpet. The heated sun room and enclosed three season porch have tremendous potential for expansion/finishing. Nicely manicured yard. Basement is fully heated with a wood burning fireplace. Furnace and water heater are only 2 years old. Roof is approx. 12 years old. Central air condenser is about 8-10 years old. This is a must see property close to major highways 495/93 and close to shopping and restaurants.
Unit Size
1,369 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$302
Property Type
House
Property Taxes
$313
HOA Dues
-
Year Built
1955

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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: 5 years ago (MLSPIN #72752791)

Price History

Date / Event Date Event Price
Jan 11, 2021 Sold
Premium
Sold
Nov 4, 2020 Listed by Home Realty Group LLC $412,900
Listed by Home Realty Group LLC

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 10,000
  • Total Building Area: 1,369
  • Gross Building Area: 2,908
  • Building Area: 1,369
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,369
  • Heating Fuel Type: 3

    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: 37 0000 0010 A
  • Parcel: LAWR M:0037 B:0000 L:0010
  • Lot: 10
  • Municipality: LAWRENCE
  • Latitude: 42.6849
  • Longitude: -71.1462

    Address

  • Full Address: 77 Colonial Rd
  • Address - House Number: 77
  • Address - Street Name: Colonial
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C046
  • 4-Digit Zip Code: 3806
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $410,300

    Appraisal Valuation

  • Standard Deviation: 0.2345
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 543,306
  • High Value: 641,954
  • Low Value: 444,658

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $443,600
  • Assessed Land Value: $143,500
  • Assessed Improvements Value: $300,100

    Sales

  • Current Sale Contract Date: Dec 22, 2020
  • Current Sale Recording Date: Jan 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 123888
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.

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# 72752791

Frequently Asked Questions

When was property at 77 Colonial Road built and last sold?
The property at 77 Colonial Road was built in 1955 and last sold on Dec 22, 2020 for $404,000.
How much is this home worth?
The estimated value of the home located at 77 Colonial Road is $0.
What are some comparable homes to 77 Colonial Road?
There are currently no comparable homes to 77 Colonial Road.
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