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Lawrence 01843 Mount Vernon
4 Rita Lane
$520,000
● House - Off Market

4 Rita Lane

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,280 Ft²
$496,782
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Welcome to your dream home in the heart of Mt. Vernon! This charming ranch-style residence, nestled on a coveted tree-lined street, boasts carefree vinyl siding and a welcoming wraparound deck perfect for outdoor gatherings. Inside, you'll find generously sized bedrooms, an inviting open kitchen, and a spacious family room with vaulted ceilings, skylight, and a cozy gas fireplace, offering a warm ambiance. Abundant natural light floods the interior. Updated bathroom with tile shower and lovely vanity. With a fenced-in backyard for added privacy and large storage shed, this property is a rare gem that won't stay on the market for long. Don't miss the opportunity to make this house your forever home!
Unit Size
1,280 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$391
Property Type
House
Property Taxes
$341
HOA Dues
-
Year Built
1966

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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 #73139836)

Price History

Date / Event Date Event Price
Sep 15, 2023 Sold
Premium
Sold
Aug 17, 2023 In contract -
In contract
Jul 26, 2023 Listed by Century 21 McLennan & Company $499,900
Listed by Century 21 McLennan & Company

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • 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: 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: 8,000
  • Total Building Area: 1,280
  • Gross Building Area: 2,552
  • Building Area: 1,280
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,280
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WASHINGTON PARK ESTATES
  • Land Acres: 0000000184
  • 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: 154 0000 0045 A
  • Parcel: LAWR M:0154 B:0000 L:0045
  • Lot: 45
  • Municipality: LAWRENCE
  • Latitude: 42.6792
  • Longitude: -71.1707

    Address

  • Full Address: 4 Rita Ln
  • Address - House Number: 4
  • Address - Street Name: Rita
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C042
  • 4-Digit Zip Code: 3223
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $392,800
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 520,135
  • High Value: 608,044
  • Low Value: 432,226

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $424,600
  • Assessed Land Value: $149,000
  • Assessed Improvements Value: $275,600

    Sales

  • Current Sale Contract Date: Sep 15, 2023
  • Current Sale Recording Date: Sep 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15286
  • Previous Sale Recording Date: Jun 15, 2011
  • 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

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73139836

Frequently Asked Questions

When was property at 4 Rita Lane built and last sold?
The property at 4 Rita Lane was built in 1966 and last sold on Sep 15, 2023 for $520,000.
How much is this home worth?
The estimated value of the home located at 4 Rita Lane is $513,767.
What are some comparable homes to 4 Rita Lane?
There are currently no comparable homes to 4 Rita Lane.
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