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Lawrence 01841 Tower Hill
81 Cypress Ave
$312,000
● House - Off Market

81 Cypress Ave

Lawrence, MA 01841
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,952 Ft²
$478,236
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

VPR~Seller will entertain offers between 299,900 and 319,900. Lovingly cared for and beautifully updated Colonial Style home in Tower Hill with eight rooms and enclosed porch in the rear. This home features four bedrooms, one and a half Baths, vinyl siding, young roof, new replacement windows, updated kitchen, updated heating system, updated bathrooms, freshly painted, newly finished floors and a bonus porch with sliders all around. Added potential for living space in the walk-up attic! Enjoy the generously sized lot for family fun and entertaining. Additional features are a detached, one car garage with newly paved driveway, and walk out basement. Minutes to Route 93, 213, 28, 110 and 113. Train station close by and may area amenities making this an ideal location. Nothing left to do but to move right in.
Unit Size
1,952 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$154
Property Type
House
Property Taxes
$253
HOA Dues
-
Year Built
1925

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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 months ago (MLSPIN #72179552)

Price History

Date / Event Date Event Price
Aug 15, 2017 Sold
Premium
Sold
Jun 9, 2017 Listed by Coco, Early & Associates $299,900
Listed by Coco, Early & Associates

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • 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: 8,965
  • Total Building Area: 1,952
  • Gross Building Area: 4,108
  • Building Area: 1,952
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,952
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000206
  • 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: 251400

Geography

  • Account Number: 226 0000 0064 A
  • Parcel: LAWR M:0226 B:0000 L:0064
  • Lot: 64
  • Municipality: LAWRENCE
  • Latitude: 42.699
  • Longitude: -71.1852

    Address

  • Full Address: 81 Cypress Ave
  • Address - House Number: 81
  • Address - Street Name: Cypress
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C010
  • 4-Digit Zip Code: 4840
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $407,900

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 544,050
  • High Value: 629,985
  • Low Value: 458,115

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $441,000
  • Assessed Land Value: $143,900
  • Assessed Improvements Value: $297,100

    Sales

  • Current Sale Recording Date: Aug 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20955
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

$289

Below Asking

0.01%

Average Days on Market

71

Average Home Size

2535 ft²

Average Home Age

109.3 years

Currently For Sale

12 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 months ago
Data Source: MLS PIN, MLS# 72179552

Frequently Asked Questions

When was property at 81 Cypress Avenue built and last sold?
The property at 81 Cypress Avenue was built in 1925 and last sold on Jan 1, 1970 for $312,000.
How much is this home worth?
The estimated value of the home located at 81 Cypress Avenue is $315,213.
What are some comparable homes to 81 Cypress Avenue?
There are currently no comparable homes to 81 Cypress Avenue.
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