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Lawrence 01843 Mount Vernon
162 Gilbert Street
$194,000
● House - Off Market

162 Gilbert Street

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath
square feet
928 Ft²
$301,564
RealtyHop Estimate
77.50%
Since Jan 1, 2016
National-US
Primary Model

About This Property

MOUNT VERNON NEIGHBORHOOD, NEAR THE ANDOVER LINE!!! This is your chance to own an affordable, 3 bedroom home, in a great location for less than rent. Classic, one level, ranch style home features a brand new architectural roof, hot water heater and recently painted exterior. Generous size rooms and possible room for expansion with a full walk out basement. Bring your great ideas and paint brushes for interior updating, done to your taste and liking, and equity can be gained. Private good size yard, terrific for warm weather gatherings or a quiet relaxing retreat. Parks, playgrounds, shops, restaurants, commuter trains and routes all nearby. Wonderful opportunity. Buy now and be in for the holidays. Start 2016 in a home of your own!
Unit Size
928 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$183
Property Type
House
Property Taxes
$208
HOA Dues
-
Year Built
1965

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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 #71923056)

Price History

Date / Event Date Event Price
Dec 9, 2015 Sold
Premium
Sold
Oct 23, 2015 Listed by Connelly Real Estate $169,900
Listed by Connelly Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • 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: 4,800
  • Total Building Area: 928
  • Gross Building Area: 1,856
  • Building Area: 928
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 928
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAWRENCE
  • Land Acres: 0000000110
  • 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: 94 0000 0058 A
  • Parcel: LAWR M:0094 B:0000 L:0058
  • Lot: 58
  • Municipality: LAWRENCE
  • Latitude: 42.6811
  • Longitude: -71.1602

    Address

  • Full Address: 162 Gilbert St
  • Address - House Number: 162
  • Address - Street Name: Gilbert
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C038
  • 4-Digit Zip Code: 3636
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $330,300

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 428,915
  • High Value: 509,220
  • Low Value: 348,610

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $357,100
  • Assessed Land Value: $125,500
  • Assessed Improvements Value: $231,600

    Sales

  • Current Sale Recording Date: Dec 09, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 32014
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

$369

Below Asking

0.01%

Average Days on Market

58

Average Home Size

1338 ft²

Average Home Age

77.8 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# 71923056

Frequently Asked Questions

When was property at 162 Gilbert Street built and last sold?
The property at 162 Gilbert Street was built in 1965 and last sold on Jan 1, 1970 for $194,000.
How much is this home worth?
The estimated value of the home located at 162 Gilbert Street is $186,789.
What are some comparable homes to 162 Gilbert Street?
There are currently no comparable homes to 162 Gilbert Street.
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