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Lawrence 01843 Mount Vernon
22 Gorham St
$260,000
● House - Off Market

22 Gorham St

Lawrence, MA 01843
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,843 Ft²
$441,171
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

Wonderful 3-4 bdrm expanded cape in desirable Mt Vernon neighborhood.  Unique layout offers kitchen, FP living room, two spacious bedrooms, plus dining room, all on first floor. Bright foyer, & pretty staircase, lead to 2 additional bedrooms on 2nd level. Hardwood floors throughout. Relax in your breezeway on a warm summer night, or on the deck overlooking beautiful, private backyard. High efficiency FHA heating system, Rinnai hot water heater, & replacement windows, all under 3 yrs old. One car garage. Storage shed stays. Basement offers 2nd fireplace, 1/2 bath, & high ceilings. Convenient commuter location. Ready for you to move in, & enjoy!  Best & Final offers will be reviewed 5:00 Saturday, 4/9
Unit Size
1,843 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$141
Property Type
House
Property Taxes
$279
HOA Dues
-
Year Built
1951

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71983367)

Price History

Date / Event Date Event Price
Jun 22, 2016 Sold
Premium
Sold
Apr 5, 2016 Listed by Keller Williams Realty $259,900
Listed by Keller Williams Realty
Nov 28, 1997 Sold
Premium
Sold
Sep 29, 1997 Listed by Keller Williams Realty $109,900
Listed by Keller Williams Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 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: 13,692
  • Total Building Area: 1,843
  • Gross Building Area: 4,425
  • Building Area: 1,843
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,843
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000314
  • 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: 96 0000 0046 A
  • Parcel: LAWR M:0096 B:0000 L:0046
  • Lot: 46
  • Municipality: LAWRENCE
  • Latitude: 42.6861
  • Longitude: -71.158

    Address

  • Full Address: 22 Gorham St
  • Address - House Number: 22
  • Address - Street Name: Gorham
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C037
  • 4-Digit Zip Code: 3504
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $463,600

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 575,251
  • High Value: 682,954
  • Low Value: 467,548

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $501,200
  • Assessed Land Value: $167,000
  • Assessed Improvements Value: $334,200

    Sales

  • Current Sale Recording Date: Jun 22, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14944
  • Previous Sale Recording Date: Nov 28, 1997
  • Previous Sale Amount: $107,000
  • 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:

$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# 71983367

Frequently Asked Questions

When was property at 22 Gorham Street built and last sold?
The property at 22 Gorham Street was built in 1951 and last sold on Jan 1, 1970 for $260,000.
How much is this home worth?
The estimated value of the home located at 22 Gorham Street is $277,871.
What are some comparable homes to 22 Gorham Street?
There are currently no comparable homes to 22 Gorham Street.
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