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Lawrence 01843 Mount Vernon
14 Oakland
$450,000
● House - Off Market

14 Oakland

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$452,994
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Location, Location, Location!!  This home is in a great spot off of Mount Vernon Rd. on a cul-de-sac street.  It is on the corner of the Andover MA border, right off River Rd. Exit.  It is easy to commute to the city or head to tax-free shopping in Salem NH.  This one-level ranch has a beautifully updated kitchen with granite countertops, stainless steel appliances, and a newer tile floor.  The living room is cozy with a gas fireplace.  All three bedrooms have hardwood floors and nice closet space across from the updated full bath.  The lower level boasts a tv area, dining area, and separate laundry room.  The newer heating/cooling system is in the attic.  The fenced-in backyard is perfect for pets, cookouts, and entertainment!
Unit Size
1,008 Ft²
Days on Market
-
Land Size
-
Price per sqft
$436
Property Type
House
Property Taxes
$310
HOA Dues
-
Year Built
1963

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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: 4 months ago (MLSPIN #72927109)

Price History

Date / Event Date Event Price
Mar 4, 2022 Sold
Premium
Sold
Dec 10, 2021 Listed by Keller Williams Realty - Londonderry $439,900
Listed by Keller Williams Realty - Londonderry
Oct 22, 2015 Sold
Premium
Sold
Jun 17, 2015 Listed by Keller Williams Realty - Londonderry $254,900
Listed by Keller Williams Realty - Londonderry
Feb 13, 2015 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 6,428
  • Total Building Area: 1,008
  • Gross Building Area: 2,160
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JC RYAN CONSTRUCTION INC
  • Land Acres: 0000000148
  • 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: 251800

Geography

  • Account Number: 216 0000 0010 A
  • Parcel: LAWR M:0216 B:0000 L:0010
  • Lot: 10
  • Municipality: LAWRENCE
  • Latitude: 42.6775
  • Longitude: -71.1853

    Address

  • Full Address: 14 Oakland Rd
  • Address - House Number: 14
  • Address - Street Name: Oakland
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C039
  • 4-Digit Zip Code: 1916
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $337,000

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 67
  • Final Value: 487,075
  • High Value: 601,013
  • Low Value: 373,137

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $364,300
  • Assessed Land Value: $137,600
  • Assessed Improvements Value: $226,700

    Sales

  • Current Sale Contract Date: Mar 04, 2022
  • Current Sale Recording Date: Mar 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 5530
  • Previous Sale Recording Date: Oct 22, 2015
  • Previous Sale Amount: $253,000
  • 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 Mount Vernon

Stats & Trends

Median Asking:

$549,950

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

58

Average Home Size

1348 ft²

Average Home Age

79.2 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: 4 months ago
Data Source: MLS PIN, MLS# 72927109

Frequently Asked Questions

When was property at 14 Oakland Road built and last sold?
The property at 14 Oakland Road was built in 1963 and last sold on Mar 4, 2022 for $450,000.
How much is this home worth?
The estimated value of the home located at 14 Oakland Road is $440,858.
What are some comparable homes to 14 Oakland Road?
There are currently no comparable homes to 14 Oakland Road.
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