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Lawrence 01843 Mount Vernon
24 Ayer Road
Photo of 24 Ayer Road
Sold on Jan 9, 2008

1

Map

$241,500
● House - Off Market

24 Ayer Road

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$458,871
RealtyHop Estimate
83.62%
Since Feb 1, 2008
National-US
Primary Model

About This Property

Wonderful home in Mt.Vernon featuring 3 bedrooms on the 1st floor and a 4th bedroom and/or bonus room on the 2nd floor.  2 full baths! Finished basement with bath. New vinyl replacement windows, vinyl siding, All hardwood flooring under the carpeting in the living room and 3 bedrooms. Central air conditioning, lawn irrigation system and 1 car detached garage.  Professionally landscaped with fenced yard.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$139
Property Type
House
Property Taxes
$165
HOA Dues
-
Year Built
1950

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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 #70668490)

Price History

Date / Event Date Event Price
Jan 9, 2008 Sold
Premium
Sold
Oct 24, 2007 Listed $249,900
Listed
Jun 30, 1987 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • 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: 4
  • 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: 7,000
  • Total Building Area: 1,020
  • Gross Building Area: 3,114
  • Building Area: 1,020
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,020
  • 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 0036 A
  • Parcel: LAWR M:0095 B:0000 L:0036
  • Lot: 36
  • Municipality: LAWRENCE
  • Latitude: 42.6833
  • Longitude: -71.1582

    Address

  • Full Address: 24 Ayer Rd
  • Address - House Number: 24
  • Address - Street Name: Ayer
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C038
  • 4-Digit Zip Code: 3410
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $360,600

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 480,981
  • High Value: 568,312
  • Low Value: 393,650

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $389,800
  • Assessed Land Value: $141,700
  • Assessed Improvements Value: $248,100

    Sales

  • Current Sale Recording Date: Jan 09, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 522
  • Previous Sale Recording Date: Jun 30, 1987
  • Previous Sale Amount: $124,000
  • 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

$364

Below Asking

0.01%

Average Days on Market

58

Average Home Size

1166 ft²

Average Home Age

65.3 years

Currently For Sale

8 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# 70668490

Frequently Asked Questions

When was property at 24 Ayer Road built and last sold?
The property at 24 Ayer Road was built in 1950 and last sold on Jan 1, 1970 for $241,500.
How much is this home worth?
The estimated value of the home located at 24 Ayer Road is $281,535.
What are some comparable homes to 24 Ayer Road?
There are currently no comparable homes to 24 Ayer Road.
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