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Lawrence 01843 Mount Vernon
16 Monroe Street
$113,000
● House - Off Market

16 Monroe Street

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,603 Ft²
$431,077
RealtyHop Estimate
259.53%
Since Oct 1, 1997
National-US
Primary Model

About This Property

QUIET AREA OF MT VERNON SECTION, WLK TO SCHOOL! CLOSETS GALORE. BEAUTIFUL VIEWS FROM THE CHAPEL WINDOW AT END OF CATH CEILING LR. OUTSIDE SHED HAS ELECTRICITY. ABOVE GROUND POOL HAS BEEN REMOVED. ENCLOSED LL SUNROOM.
Unit Size
1,603 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$75
Property Type
House
Property Taxes
$173
HOA Dues
-
Year Built
1955

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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 years ago (MLSPIN #30163562)

Price History

Date / Event Date Event Price
Sep 5, 1997 Sold
Premium
Sold
May 10, 1997 Listed $119,900
Listed

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 9,581
  • Total Building Area: 1,604
  • Gross Building Area: 3,640
  • Building Area: 1,604
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,604
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000220
  • 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: 156 0000 0045 A
  • Parcel: LAWR M:0156 B:0000 L:0045
  • Lot: 45
  • Municipality: LAWRENCE
  • Latitude: 42.6844
  • Longitude: -71.1701

    Address

  • Full Address: 16 Monroe St
  • Address - House Number: 16
  • Address - Street Name: Monroe
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C041
  • 4-Digit Zip Code: 2422
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $446,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2583
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 63
  • Final Value: 550,522
  • High Value: 692,721
  • Low Value: 408,323

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $482,500
  • Assessed Land Value: $160,200
  • Assessed Improvements Value: $322,300

    Sales

  • Current Sale Recording Date: Sep 05, 1997
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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 years ago
Data Source: MLS PIN, MLS# 30163562

Frequently Asked Questions

When was property at 16 Monroe Street built and last sold?
The property at 16 Monroe Street was built in 1955 and last sold on Jan 1, 1970 for $113,000.
How much is this home worth?
The estimated value of the home located at 16 Monroe Street is $0.
What are some comparable homes to 16 Monroe Street?
There are currently no comparable homes to 16 Monroe Street.
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