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Lawrence 01843 Mount Vernon
3 Danforth St
$393,000
● House - Off Market

3 Danforth St

Lawrence, MA 01843
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,955 Ft²
$542,368
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

MOVE INTO THIS CHARMING CAPE STYLE HOME IN THE MOUNT-VERNON NEIGHBORHOOD! The First Floor is Home to a Large Bedroom, a Gorgeous Kitchen with Granite Counter-Tops, Upgraded Armstrong Luxury Vinyl Tile that's Grouted and Waterproof that continues into the First Floor Bath. A Dining Room and Living Room with Wood Burning/Pellet Fireplaces, as well as a Den perfect for Entertaining! The Second Floor has a Spacious Master Suite with Hardwood Floors, Two Closets and an En-Suite! This home does not stop there! The Second Floor has Two Additional Bedrooms with Closets and a Full Bath! Enjoy the Summer in your In-Ground Pool with a Great Deck!
Unit Size
1,955 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$189
Property Type
House
Property Taxes
$388
HOA Dues
-
Year Built
1953

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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: 4 months ago (MLSPIN #72525430)

Price History

Date / Event Date Event Price
Aug 9, 2019 Sold
Premium
Sold
Jun 26, 2019 Listed by Lillian Montalto Signature Properties $369,900
Listed by Lillian Montalto Signature Properties
Jun 30, 2016 Sold
Premium
Sold
Feb 25, 2016 Listed by Lillian Montalto Signature Properties $289,900
Listed by Lillian Montalto Signature Properties

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 7
  • 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: 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: 8,250
  • Total Building Area: 1,955
  • Gross Building Area: 3,030
  • Building Area: 1,955
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,955
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MOUNT VERNON PARK
  • Land Acres: 0000000189
  • 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: 116 0000 0015 A
  • Parcel: LAWR M:0116 B:0000 L:0015
  • Lot: 15
  • Municipality: LAWRENCE
  • Latitude: 42.6866
  • Longitude: -71.1636

    Address

  • Full Address: 3 Danforth St
  • Address - House Number: 3
  • Address - Street Name: Danforth
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C041
  • 4-Digit Zip Code: 2701
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $507,500

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 67
  • Final Value: 577,620
  • High Value: 712,738
  • Low Value: 442,501

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $548,600
  • Assessed Land Value: $150,600
  • Assessed Improvements Value: $398,000

    Sales

  • Current Sale Contract Date: Jul 31, 2019
  • Current Sale Recording Date: Aug 09, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18934
  • Previous Sale Recording Date: Jun 30, 2016
  • Previous Sale Amount: $269,900
  • 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 Mount Vernon

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

58

Average Home Size

1175 ft²

Average Home Age

75.4 years

Currently For Sale

5 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# 72525430

Frequently Asked Questions

When was property at 3 Danforth Street built and last sold?
The property at 3 Danforth Street was built in 1953 and last sold on Jul 31, 2019 for $393,000.
How much is this home worth?
The estimated value of the home located at 3 Danforth Street is $394,430.
What are some comparable homes to 3 Danforth Street?
There are currently no comparable homes to 3 Danforth Street.
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