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Lawrence 01843 Mount Vernon
2 Louisberg
$269,900
● House - Off Market

2 Louisberg

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,694 Ft²
$550,412
RealtyHop Estimate
103.93%
Since Jul 1, 2004
National-US
Primary Model

About This Property

SUPERB CRAFTSMANSHIP AND HIGHEST QUALITY MATERIALS HIGHLIGHT THIS LOVELY UPDATED AND EXPANDED MT VERNON AREA HOME. IMPORTED "OLD WORLD" CERAMIC TILE,GLEAMING H/W FLR, BUILT IN SOLID OAK ENT. CTR., A ROSE GARDEN, AND MUCH MORE.
Unit Size
1,694 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$159
Property Type
House
Property Taxes
$173
HOA Dues
-
Year Built
1949

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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: 6 months ago (MLSPIN #30784752)

Price History

Date / Event Date Event Price
Jun 14, 2004 Sold
Premium
Sold
Oct 27, 2003 Listed by ERA The Masiello Group $269,900
Listed by ERA The Masiello Group
Jul 13, 2001 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 7,000
  • Total Building Area: 1,548
  • Gross Building Area: 2,664
  • Building Area: 1,548
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,548
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • 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: 95 0000 0004 A
  • Parcel: LAWR M:0095 B:0000 L:0004
  • Lot: 4
  • Municipality: LAWRENCE
  • Latitude: 42.685
  • Longitude: -71.1597

    Address

  • Full Address: 2 Louisberg St
  • Address - House Number: 2
  • Address - Street Name: Louisberg
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C042
  • 4-Digit Zip Code: 3407
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $400,000

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 532,758
  • High Value: 626,768
  • Low Value: 438,749

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $432,400
  • Assessed Land Value: $141,700
  • Assessed Improvements Value: $290,700

    Sales

  • Current Sale Recording Date: Jun 14, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 25836
  • Previous Sale Recording Date: Jul 13, 2001
  • Previous Sale Amount: $744,900
  • 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:

$550,000

Sale Price/ft²

$364

Below Asking

0.01%

Average Days on Market

56

Average Home Size

1171 ft²

Average Home Age

66.4 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

Unit for rent at 23 Florence, Andover, 01810

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
23 Florence, Andover, 01810 Listing by Julie Ratte

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 30784752

Frequently Asked Questions

When was property at 2 Louisberg Street built and last sold?
The property at 2 Louisberg Street was built in 1949 and last sold on Jan 1, 1970 for $269,900.
How much is this home worth?
The estimated value of the home located at 2 Louisberg Street is $299,715.
What are some comparable homes to 2 Louisberg Street?
There are currently no comparable homes to 2 Louisberg Street.
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