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Lawrence 01841 Prospect Hill - Back Bay
8 Sumner Ave
$440,000
● House - Off Market

8 Sumner Ave

Lawrence, MA 01841
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,056 Ft²
$403,013
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Welcome Home to This Newly Updated Ranch ! Located in the sought after Prospect Hill Section of the city. Minutes away from all Major Highways and Hospital. This home offers Updated kitchen and bath and a vaulted master bedroom with separate entrance. freshly painted. Refinished hardwood flooring throughout. Young furnace. Rear deck overlooking a fenced in generous sized rear yard. Off street parking. Good sized basement.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$379
Property Type
House
Property Taxes
$332
HOA Dues
-
Year Built
1955

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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 #72966870)

Price History

Date / Event Date Event Price
May 26, 2022 Sold
Premium
Sold
Apr 14, 2022 Listed by Empire Real Estate™ $399,900
Listed by Empire Real Estate™
Nov 19, 2021 Sold
Premium
Sold
Oct 1, 2008 Sold
Premium
Sold
Jun 13, 2008 Sold
Premium
Sold
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 6,000
  • Total Building Area: 948
  • Gross Building Area: 2,264
  • Building Area: 948
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 948
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUMMER AVE
  • 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: 250800

Geography

  • Account Number: 72 0000 0057 A
  • Parcel: LAWR M:0072 B:0000 L:0057
  • Lot: 57
  • Municipality: LAWRENCE
  • Latitude: 42.7185
  • Longitude: -71.1473

    Address

  • Full Address: 8 Sumner Ave
  • Address - House Number: 8
  • Address - Street Name: Sumner
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C018
  • 4-Digit Zip Code: 1422
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $379,000

    Appraisal Valuation

  • Standard Deviation: 0.1852
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 495,513
  • High Value: 587,308
  • Low Value: 403,718

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $409,700
  • Assessed Land Value: $126,800
  • Assessed Improvements Value: $282,900

    Sales

  • Current Sale Contract Date: May 26, 2022
  • Current Sale Recording Date: May 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12553
  • Previous Sale Recording Date: Nov 19, 2021
  • Previous Sale Contract Date: Nov 03, 2021
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: 34
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 Prospect Hill - Back Bay

Stats & Trends

Median Asking:

$552,000

Sale Price/ft²

$320

Below Asking

0.01%

Average Days on Market

47

Average Home Size

957 ft²

Average Home Age

82.4 years

Currently For Sale

5 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# 72966870

Frequently Asked Questions

When was property at 8 Sumner Avenue built and last sold?
The property at 8 Sumner Avenue was built in 1955 and last sold on May 26, 2022 for $440,000.
How much is this home worth?
The estimated value of the home located at 8 Sumner Avenue is $405,122.
What are some comparable homes to 8 Sumner Avenue?
There are currently no comparable homes to 8 Sumner Avenue.
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