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Lawrence 01843 Mount Vernon
2 Carlson Rd
$440,000
● House - Off Market

2 Carlson Rd

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,272 Ft²
$462,301
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

This lovingly cared for home, situated on a corner lot in the Mount Vernon area, has been home to one family for more than 42 years! Tastefully updated, large granite kitchen with stainless appliances and breakfast bar. Hardwoods throughout, wood burning fireplaced living room, bathroom has been recently renovated offering an over sized roll-in shower, heated floors and granite countertops. 3 spacious bedrooms, walk-up attic, one car attached garage and a large partially finished basement with workshop and laundry areas. Newer windows, roof, garage doors and more! This one will not last, offer deadline Tuesday 5/18 at 5pm.
Unit Size
1,272 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$314
Property Type
House
Property Taxes
$307
HOA Dues
-
Year Built
1957

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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: 5 years ago (MLSPIN #72832108)

Price History

Date / Event Date Event Price
Jul 20, 2021 Sold
Premium
Sold
May 14, 2021 Listed by ERA Key Realty Services $399,995
Listed by ERA Key Realty Services

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • 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: 6,341
  • Total Building Area: 1,272
  • Gross Building Area: 2,812
  • Building Area: 1,272
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,272
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000146
  • 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: 114 0000 0055 A
  • Parcel: LAWR M:0114 B:0000 L:0055
  • Lot: 55
  • Municipality: LAWRENCE
  • Latitude: 42.6825
  • Longitude: -71.161

    Address

  • Full Address: 2 Carlson Rd
  • Address - House Number: 2
  • Address - Street Name: Carlson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C038
  • 4-Digit Zip Code: 3412
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $399,000

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 521,337
  • High Value: 615,996
  • Low Value: 426,679

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $431,400
  • Assessed Land Value: $137,000
  • Assessed Improvements Value: $294,400

    Sales

  • Current Sale Contract Date: Jul 20, 2021
  • Current Sale Recording Date: Jul 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 24196
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: 5 years ago
Data Source: MLS PIN, MLS# 72832108

Frequently Asked Questions

When was property at 2 Carlson Road built and last sold?
The property at 2 Carlson Road was built in 1957 and last sold on Jul 20, 2021 for $440,000.
How much is this home worth?
The estimated value of the home located at 2 Carlson Road is $0.
What are some comparable homes to 2 Carlson Road?
There are currently no comparable homes to 2 Carlson Road.
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