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Lawrence 01843 Mount Vernon
16 Ridgewood Cir
$317,500
● House - Off Market

16 Ridgewood Cir

Lawrence, MA 01843
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,080 Ft²
$508,038
RealtyHop Estimate
56.45%
Since Mar 1, 2018
National-US
Primary Model

About This Property

Come and enjoy 2018 in this awesome Mount Vernon Cape that has everything to offer. First floor offers 3 bedrooms livingroom, full bath kitchen and heated mud room, 2nd floor is finished with 2 additional rooms and seating area (unheated).  Enjoy the finished basement with 1/2 bath as well.  Everything has been updated in the last 10 years from the roof, heating system, siding, decks etc.  This home will not last, make your appointment today.
Unit Size
1,080 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$301
Property Type
House
Property Taxes
$292
HOA Dues
-
Year Built
1960

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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 #72266153)

Price History

Date / Event Date Event Price
Feb 16, 2018 Sold
Premium
Sold
Dec 27, 2017 Listed by Century 21 McLennan & Company $324,721
Listed by Century 21 McLennan & Company
Mar 31, 2010 Sold
Premium
Sold
Jan 12, 2010 Listed by Century 21 McLennan & Company $229,921
Listed by Century 21 McLennan & Company
Jun 29, 2001 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • 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: 4
  • 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: 8,500
  • Total Building Area: 1,080
  • Gross Building Area: 3,940
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGEWOOD CIRCLE
  • Land Acres: 0000000195
  • 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: 196 0000 0056 A
  • Parcel: LAWR M:0196 B:0000 L:0056
  • Lot: 56
  • Municipality: LAWRENCE
  • Latitude: 42.6767
  • Longitude: -71.1817

    Address

  • Full Address: 16 Ridgewood Cir
  • Address - House Number: 16
  • Address - Street Name: Ridgewood
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C039
  • 4-Digit Zip Code: 3009
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $414,000

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 531,165
  • High Value: 627,608
  • Low Value: 434,721

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $447,600
  • Assessed Land Value: $152,600
  • Assessed Improvements Value: $295,000

    Sales

  • Current Sale Recording Date: Feb 16, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3770
  • Previous Sale Recording Date: Mar 31, 2010
  • Previous Sale Amount: $225,000
  • Previous 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72266153

Frequently Asked Questions

When was property at 16 Ridgewood Circle built and last sold?
The property at 16 Ridgewood Circle was built in 1960 and last sold on Jan 1, 1970 for $317,500.
How much is this home worth?
The estimated value of the home located at 16 Ridgewood Circle is $326,056.
What are some comparable homes to 16 Ridgewood Circle?
There are currently no comparable homes to 16 Ridgewood Circle.
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