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Lawrence 01841 Prospect Hill - Back Bay
85 Wesley Street
$229,900
● House - Off Market

85 Wesley Street

Lawrence, MA 01841
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,142 Ft²
$421,275
RealtyHop Estimate
83.24%
Since May 1, 2005
National-US
Primary Model

About This Property

Corner lot, nice cape, big yard, garage, 4 bedrooms. Easy access to highways. A must see. Showings to begin on March 25,2005.
Unit Size
1,142 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$201
Property Type
House
Property Taxes
$127
HOA Dues
-
Year Built
1962

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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 #70160700)

Price History

Date / Event Date Event Price
Jun 17, 2021 Sold
Premium
Sold
May 3, 2021 Listed by Swan Realty $349,900
Listed by Swan Realty
May 22, 2019 Sold
Premium
Sold
May 3, 2005 Sold
Premium
Sold
Mar 21, 2005 Listed by Swan Realty $229,900
Listed by Swan Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 1
  • 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: 9,539
  • Total Building Area: 979
  • Gross Building Area: 2,940
  • Building Area: 979
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 979
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 4369
  • Land Acres: 0000000219
  • 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: 254401

Geography

  • Account Number: 73 0000 0040 A
  • Parcel: LAWR M:0073 B:0000 L:0040
  • Lot: 40
  • Municipality: LAWRENCE
  • Latitude: 42.7215
  • Longitude: -71.1485

    Address

  • Full Address: 85 Wesley St
  • Address - House Number: 85
  • Address - Street Name: Wesley
  • Address - Suffix Type: St
  • State: MA
  • City Name: Andover
  • Zip Code: 01810

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $326,000

    Appraisal Valuation

  • Standard Deviation: 0.1796
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 456,454
  • High Value: 543,136
  • Low Value: 369,772

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $352,400
  • Assessed Land Value: $150,800
  • Assessed Improvements Value: $201,600

    Sales

  • Current Sale Contract Date: Jun 17, 2021
  • Current Sale Recording Date: Jun 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20061
  • Previous Sale Recording Date: May 22, 2019
  • Previous Sale Contract Date: May 21, 2019
  • Previous Sale Amount: $290,000
  • 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 Prospect Hill - Back Bay

Stats & Trends

Median Asking:

$552,000

Sale Price/ft²

$320

Above Asking

0.00%

Average Days on Market

47

Average Home Size

1324 ft²

Average Home Age

81.9 years

Currently For Sale

7 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# 70160700

Frequently Asked Questions

When was property at 85 Wesley Street built and last sold?
The property at 85 Wesley Street was built in 1962 and last sold on Jun 17, 2021 for $400,000.
How much is this home worth?
The estimated value of the home located at 85 Wesley Street is $347,766.
What are some comparable homes to 85 Wesley Street?
There are currently no comparable homes to 85 Wesley Street.
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