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Lawrence 01843 Mount Vernon
16 Oakland Rd
$240,000
● House - Off Market

16 Oakland Rd

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,248 Ft²
$407,980
RealtyHop Estimate
85.53%
Since Aug 1, 2014
National-US
Primary Model

About This Property

OFFERS TO BE IN BY BY 4/25/14 AT 5PM.  LOVELY RANCH IN GREAT CONDITION IN THE DESIRABLE MOUNT VERNON AREA! HOME FEATURES GLEAMING HARDWOOD FLOORS, UPDATED KITCHEN WITH GRANITE COUNTER TOPS, IN-GROUND POOL, ATTACHED GARAGE, LARGE FAMILY ROOM, LEVELED YARD AND MUCH MORE. BASEMENT READY TO BE FINISHED FOR EXTRA SPACE! COME TAKE A LOOK BEFORE IT'S GONE!
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$176
Property Type
House
Property Taxes
$247
HOA Dues
-
Year Built
1963

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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: 5 months ago (MLSPIN #71663723)

Price History

Date / Event Date Event Price
Aug 7, 2020 Sold
Premium
Sold
Jul 14, 2014 Sold
Premium
Sold
Apr 21, 2014 Listed by Coco,Early & Associates Star Division LLC $219,900
Listed by Coco,Early & Associates Star Division LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • 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: 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: 7,420
  • Total Building Area: 1,284
  • Gross Building Area: 3,082
  • Building Area: 1,284
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 1
  • Heated Square Feet: 1,284
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000170
  • 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 0009 A
  • Parcel: LAWR M:0216 B:0000 L:0009
  • Lot: 9
  • Municipality: LAWRENCE
  • Latitude: 42.6777
  • Longitude: -71.1854

    Address

  • Full Address: 16 Oakland Rd
  • Address - House Number: 16
  • 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: $466,700

    Appraisal Valuation

  • Standard Deviation: 0.2345
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 67
  • Final Value: 561,765
  • High Value: 693,175
  • Low Value: 430,356

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $504,500
  • Assessed Land Value: $144,700
  • Assessed Improvements Value: $359,800

    Sales

  • Current Sale Contract Date: Aug 07, 2020
  • Current Sale Recording Date: Aug 07, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20351
  • Previous Sale Recording Date: Jul 14, 2014
  • Previous Sale Amount: $240,000
  • 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:

$550,000

Sale Price/ft²

$362

Below Asking

0.01%

Average Days on Market

59

Average Home Size

1279 ft²

Average Home Age

69 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# 71663723

Frequently Asked Questions

When was property at 16 Oakland Road built and last sold?
The property at 16 Oakland Road was built in 1963 and last sold on Aug 7, 2020 for $415,000.
How much is this home worth?
The estimated value of the home located at 16 Oakland Road is $243,189.
What are some comparable homes to 16 Oakland Road?
There are currently no comparable homes to 16 Oakland Road.
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