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Lawrence 01841 Tower Hill
8 Columbus Ave
$255,000
● House - Off Market

8 Columbus Ave

Lawrence, MA 01841
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,451 Ft²
$318,906
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

So much potential in this 4 bedroom home in Upper Tower Hill location.  Close to public transportation, shopping, schools and major commuting routes.  Spacious Living room opens to spacious dining room with built in's.  Generous kitchen with sun room off the back.  Partial bath in the unfinished basement.  Large yard with patio.  Detached 1 car garage.  Great Opportunity!  Bring your imagination.   MULTIPLE OFFERS.  ALL OFFERS DUE BY 7:15 AM ON MONDAY, MAY 18TH
Unit Size
1,451 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$159
Property Type
House
Property Taxes
$249
HOA Dues
-
Year Built
1910

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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 #72655128)

Price History

Date / Event Date Event Price
Jul 31, 2020 Sold
Premium
Sold
May 12, 2020 Listed by Kody & Company, Inc. $230,000
Listed by Kody & Company, Inc.
So much potential in this 4 bedroom home in Upper Tower Hill location. Close to public transportation, shopping, schools and major commuting routes. Spacious Living room opens to spacious dining room with built in's. Generous kitchen with sun room off the back. Partial bath in the unfinished basement. Large yard with patio. Detached 1 car garage. Great Opportunity! Bring your imagination. MULTIPLE OFFERS. ALL OFFERS DUE BY 7:15 AM ON MONDAY, MAY 18TH
May 26, 2015 Sold
Premium
Sold
May 24, 2013 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 8,266
  • Total Building Area: 1,451
  • Gross Building Area: 2,632
  • Building Area: 1,451
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,451
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000190
  • 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: 250200

Geography

  • Account Number: 240 0000 0037 A
  • Parcel: LAWR M:0240 B:0000 L:0037
  • Lot: 37
  • Municipality: LAWRENCE
  • Latitude: 42.702
  • Longitude: -71.1885

    Address

  • Full Address: 8 Columbus Ave
  • Address - House Number: 8
  • Address - Street Name: Columbus
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C011
  • 4-Digit Zip Code: 4004
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $349,400

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 426,973
  • High Value: 508,056
  • Low Value: 345,890

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $377,700
  • Assessed Land Value: $139,300
  • Assessed Improvements Value: $238,400

    Sales

  • Current Sale Recording Date: May 26, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12091
  • Previous Sale Recording Date: May 24, 2013
  • Previous Sale Amount: $197,282
  • 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

2548 ft²

Average Home Age

125 years

Currently For Sale

10 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72655128

Frequently Asked Questions

When was property at 8 Columbus Avenue built and last sold?
The property at 8 Columbus Avenue was built in 1910 and last sold on Jan 1, 1970 for $239,000.
How much is this home worth?
The estimated value of the home located at 8 Columbus Avenue is $239,659.
What are some comparable homes to 8 Columbus Avenue?
There are currently no comparable homes to 8 Columbus Avenue.
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