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Lawrence 01841 Arlington
2 Lexington St
$430,000
● House - Off Market

2 Lexington St

Lawrence, MA 01841
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,633 Ft²
$387,468
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Single Family features 4 bedrooms, 2 full baths, fenced in yard and plenty of parking. It is located within a short drive to local shopping and other convenience.
Unit Size
1,633 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$239
Property Type
House
Property Taxes
$239
HOA Dues
-
Year Built
1900

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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 months ago (MLSPIN #73141502)

Price History

Date / Event Date Event Price
Sep 1, 2023 Sold
Premium
Sold
Aug 8, 2023 In contract -
In contract
Jul 27, 2023 Listed by Berkshire Hathaway HomeSevices Verani Realty Lawrence $389,900
Listed by Berkshire Hathaway HomeSevices Verani Realty Lawrence
Nov 10, 2022 Sold
Premium
Sold
Sep 28, 2022 In contract -
In contract
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 3,200
  • Total Building Area: 1,633
  • Gross Building Area: 2,639
  • Building Area: 1,633
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,633
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOSEPH GASS
  • Land Acres: 0000000073
  • 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: 250500

Geography

  • Account Number: 149 0000 0105 A
  • Parcel: LAWR M:0149 B:0000 L:0105
  • Lot: 105
  • Municipality: LAWRENCE
  • Latitude: 42.7152
  • Longitude: -71.1652

    Address

  • Full Address: 2 Lexington St
  • Address - House Number: 2
  • Address - Street Name: Lexington
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C015
  • 4-Digit Zip Code: 2525
  • Zip Code: 01841

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $334,900

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 428,937
  • High Value: 510,394
  • Low Value: 347,481

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $362,100
  • Assessed Land Value: $102,400
  • Assessed Improvements Value: $259,700

    Sales

  • Current Sale Contract Date: Sep 01, 2023
  • Current Sale Recording Date: Sep 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14460
  • Previous Sale Recording Date: Nov 10, 2022
  • Previous Sale Contract Date: Nov 10, 2022
  • Previous Sale Amount: $360,000
  • 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 Arlington

Stats & Trends

Median Asking:

$730,000

Sale Price/ft²

$261

Below Asking

0.01%

Average Days on Market

69

Average Home Size

2760 ft²

Average Home Age

112 years

Currently For Sale

7 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73141502

Frequently Asked Questions

When was property at 2 Lexington Street built and last sold?
The property at 2 Lexington Street was built in 1900 and last sold on Sep 1, 2023 for $430,000.
How much is this home worth?
The estimated value of the home located at 2 Lexington Street is $394,450.
What are some comparable homes to 2 Lexington Street?
There are currently no comparable homes to 2 Lexington Street.
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