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Lawrence 01841 Arlington
8 Stearns Ave
$250,000
● House - Off Market

8 Stearns Ave

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,814 Ft²
$412,039
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

Great starter home with seven rooms, three bedrooms and two baths. Features include: Fireplace, hardwood floors throughout, vinyl windows, walk up attic, fenced back yard, full walk out basement, off street parking, updated electrical and new recently remodeled kitchen cabinets. A must see!
Unit Size
1,814 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$135
Property Type
House
Property Taxes
$191
HOA Dues
-
Year Built
1930

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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 #72072360)

Price History

Date / Event Date Event Price
May 16, 2023 Sold
Premium
Sold
Dec 12, 2016 Sold
Premium
Sold
Sep 23, 2016 Listed by Home Shop Properties, Inc. $244,900
Listed by Home Shop Properties, Inc.
Aug 12, 2005 Sold
Premium
Sold
Jun 13, 2005 Listed by Home Shop Properties, Inc. $264,900
Listed by Home Shop Properties, Inc.
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Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 6,000
  • Total Building Area: 1,794
  • Gross Building Area: 4,634
  • Building Area: 1,794
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,794
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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: 250600

Geography

  • Account Number: 152 0000 0066 A
  • Parcel: LAWR M:0152 B:0000 L:0066
  • Lot: 66
  • Municipality: LAWRENCE
  • Latitude: 42.7219
  • Longitude: -71.1661

    Address

  • Full Address: 8 Stearns Ave
  • Address - House Number: 8
  • Address - Street Name: Stearns
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C016
  • 4-Digit Zip Code: 1133
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $350,300

    Appraisal Valuation

  • Standard Deviation: 0.1776
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 525,801
  • High Value: 620,385
  • Low Value: 431,217

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $378,700
  • Assessed Land Value: $104,500
  • Assessed Improvements Value: $274,200

    Sales

  • Current Sale Contract Date: May 16, 2023
  • Current Sale Recording Date: May 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 7363
  • Previous Sale Recording Date: Dec 12, 2016
  • Previous Sale Amount: $250,000
  • 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 Arlington

Stats & Trends

Median Asking:

$740,000

Sale Price/ft²

$258

Below Asking

0.01%

Average Days on Market

70

Average Home Size

3678 ft²

Average Home Age

86.5 years

Currently For Sale

2 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# 72072360

Frequently Asked Questions

When was property at 8 Stearns Avenue built and last sold?
The property at 8 Stearns Avenue was built in 1930 and last sold on May 16, 2023 for $600,000.
How much is this home worth?
The estimated value of the home located at 8 Stearns Avenue is $248,421.
What are some comparable homes to 8 Stearns Avenue?
There are currently no comparable homes to 8 Stearns Avenue.
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