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Lawrence 01843 Mount Vernon
3 Thomas Rd
$169,000
● House - Off Market

3 Thomas Rd

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,056 Ft²
$328,820
RealtyHop Estimate
82.78%
Since Apr 1, 2015
National-US
Primary Model

About This Property

ADORABLE RANCH WAITING FOR THE INVESTOR OR OWNER OCCUPANT TO RENOVATE AND MAKE IT A HOME! LOCATED IN DESIRABLE MT VERNON AREA WITHIN MINUTES OF I93, NEAR THE ANDOVER LINE AND CLOSE TO MOUNT VERNON PARK. HOME IS COZY WITH BACKYARD AND PARKING. LOCATED AT THE END OF A CULDESAC. DON'T MISS OUT! REHAB OR CASH ONLY.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$170
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1968

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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: 5 months ago (MLSPIN #71782896)

Price History

Date / Event Date Event Price
Mar 18, 2015 Sold
Premium
Sold
Jan 12, 2015 Listed by Coco,Early & Associates Star Division LLC $179,900
Listed by Coco,Early & Associates Star Division LLC

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 9,462
  • Total Building Area: 1,200
  • Gross Building Area: 2,615
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000217
  • 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: 155 0000 0044 A
  • Parcel: LAWR M:0155 B:0000 L:0044
  • Lot: 44
  • Municipality: LAWRENCE
  • Latitude: 42.6815
  • Longitude: -71.1711

    Address

  • Full Address: 3 Thomas Rd
  • Address - House Number: 3
  • Address - Street Name: Thomas
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C042
  • 4-Digit Zip Code: 3226
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $397,900

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 485,034
  • High Value: 575,846
  • Low Value: 394,222

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $430,200
  • Assessed Land Value: $151,400
  • Assessed Improvements Value: $278,800

    Sales

  • Current Sale Recording Date: Mar 18, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 5939
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

$366

Below Asking

0.01%

Average Days on Market

58

Average Home Size

1279 ft²

Average Home Age

69 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: 5 months ago
Data Source: MLS PIN, MLS# 71782896

Frequently Asked Questions

When was property at 3 Thomas Road built and last sold?
The property at 3 Thomas Road was built in 1968 and last sold on Jan 1, 1970 for $169,000.
How much is this home worth?
The estimated value of the home located at 3 Thomas Road is $197,718.
What are some comparable homes to 3 Thomas Road?
There are currently no comparable homes to 3 Thomas Road.
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