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Lawrence 01843 Mount Vernon
3 Marc Ln
$580,000
● House - Off Market

3 Marc Ln

Lawrence, MA 01843
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,088 Ft²
$3,306
Est. Monthly

About This Property

Tucked away in the sought-after Mount Vernon neighborhood of Lawrence, this 4-bedroom raised ranch is a true gem! Thoughtfully updated with an energy-efficient furnace, central AC, replacement windows, and a refreshed kitchen and bath featuring stainless steel appliances, this home perfectly blends modern comforts with timeless appeal. The main living area boasts beautiful hardwood floors, adding warmth and character throughout. Outside, unwind in your tranquil yard and enjoy the peaceful ambiance of this quiet. With its charm and exceptional updates, this home is the perfect place to create lasting memories.
Unit Size
1,088 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$551
Property Type
House
Property Taxes
$360
HOA Dues
-
Year Built
1970

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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 #73324941)

Price History

Date / Event Date Event Price
Mar 14, 2025 Sold
Premium
Sold
Feb 6, 2025 In contract -
In contract
Jan 27, 2025 Relisted $365,000
Relisted
Jan 27, 2025 Price Increased $599,900
↑ $235K (64.4%)
Price Increased
Jan 24, 2025 In contract -
In contract
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 8,558
  • Total Building Area: 1,088
  • Gross Building Area: 2,244
  • Building Area: 1,088
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,088
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000196
  • 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: 134 0000 0036 A
  • Parcel: LAWR M:0134 B:0000 L:0036
  • Lot: 36
  • Municipality: LAWRENCE
  • Latitude: 42.6815
  • Longitude: -71.1686

    Address

  • Full Address: 3 Marc Ln
  • Address - House Number: 3
  • Address - Street Name: Marc
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C042
  • 4-Digit Zip Code: 3236
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $431,500

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 533,169
  • High Value: 629,976
  • Low Value: 436,362

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $466,500
  • Assessed Land Value: $152,900
  • Assessed Improvements Value: $313,600

    Sales

  • Current Sale Contract Date: Jul 07, 2020
  • Current Sale Recording Date: Jul 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17327
  • Previous Sale Recording Date: Oct 22, 2008
  • Previous Sale Amount: $230,000
  • 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73324941

Frequently Asked Questions

When was property at 3 Marc Lane built and last sold?
The property at 3 Marc Lane was built in 1970 and last sold on Jul 7, 2020 for $380,000.
How much is this home worth?
The estimated value of the home located at 3 Marc Lane is $570,136.
What are some comparable homes to 3 Marc Lane?
There are currently no comparable homes to 3 Marc Lane.
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