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Lawrence 01843 South Common
LOT 1 Wood Lane
$249,900
● House - Off Market

LOT 1 Wood Lane

Lawrence, MA 01843
bedrooms
Studio
bathrooms
0 Bath
square feet
999,999 Ft²
$610,589
RealtyHop Estimate
144.33%
Since Dec 1, 2002
National-US
Primary Model

About This Property

EXCITING NEW 25 LOT MOUNT VERNON WOODS SUBDIVISION. PRICES START AT $249,900.  LOT RESERVATIONS NOW BEING TAKEN FOR PROPOSED FALL DELIVERY.  CALL OFFICE FOR SITE PLAN.  DON'T MISS THE OPPORTUNITY TO OWN A VERY SPECIAL HOME IN MT.VERNON
Unit Size
999,999 Ft²
Days on Market
-
Land Size
-
Price per sqft
$0
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1935

Payment Calculator

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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 #30601205)

Price History

Date / Event Date Event Price
Aug 28, 2023 Sold
Premium
Sold
Nov 19, 2002 Sold
Premium
Sold
Apr 26, 2002 Listed by Coldwell Banker Residential Brokerage - North Andover $249,900
Listed by Coldwell Banker Residential Brokerage - North Andover

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 0
  • Total Building Area: 980
  • Gross Building Area: 980
  • Building Area: 980
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 980
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Standard Land Use Code: 1004
  • County Land Use Code: 102

Neighborhood

  • School District Name: Lawrence School District
  • School Tax School District: LAWRENCE SD
  • Census Tract: 251600

Geography

  • Account Number: 82 0010 0001 A
  • Parcel: LAWR M:0082 B:0010 L:0001
  • Block: 10
  • Lot: 1
  • Municipality: LAWRENCE
  • Latitude: 42.7003
  • Longitude: -71.1547

    Address

  • Full Address: 1 Wood Way
  • Address - House Number: 1
  • Address - Street Name: Wood
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C031
  • 4-Digit Zip Code: 1627
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $96,700

    Appraisal Valuation

  • Standard Deviation: 0.2132
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 188,137
  • High Value: 217,854
  • Low Value: 158,420

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $104,500
  • Assessed Improvements Value: $104,500

    Sales

  • Current Sale Contract Date: Aug 28, 2023
  • Current Sale Recording Date: Aug 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 14
  • Current Sale Input Document Number: 14016
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 South Common

Stats & Trends

Median Asking:

$875,000

Sale Price/ft²

$273

Below Asking

0.01%

Average Days on Market

69

Average Home Size

4258 ft²

Average Home Age

81 years

Currently For Sale

6 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# 30601205

Frequently Asked Questions

When was property at 1 Wood Way built and last sold?
The property at 1 Wood Way was built in 1935 and last sold on Aug 28, 2023 for $5,350,000.
How much is this home worth?
The estimated value of the home located at 1 Wood Way is $252,399.
What are some comparable homes to 1 Wood Way?
There are currently no comparable homes to 1 Wood Way.
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