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Lawrence 01843 Mount Vernon
40 Stevens Avenue
$185,000
● House - Off Market

40 Stevens Avenue

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,493 Ft²
$410,837
RealtyHop Estimate
116.34%
Since Mar 1, 2010
National-US
Primary Model

About This Property

Mt. Vernon Ranch with flexible floor plan and great potential! Nice solid property within similar homes. This property could shine with some TLC and build equity! This is perfect for the 1st time home buyer and you might qualify for the $8k tax credit. This property features large kitchen/dining area, living room w/fpl (decorative), 3 bedrooms, finished lower level, hardwood flr and 1 car garage.  This property is on the Andover line and minutes to all major highways.Owner occupied for over 40yr
Unit Size
1,493 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$127
Property Type
House
Property Taxes
$199
HOA Dues
-
Year Built
1946

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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 #71020698)

Price History

Date / Event Date Event Price
Feb 19, 2010 Sold
Premium
Sold
Jan 19, 2010 Listed by Harvest Of Homes, Inc. $189,900
Listed by Harvest Of Homes, Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Building Count: 1
  • Total Rooms: 7
  • 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: 5,600
  • Total Building Area: 1,493
  • Gross Building Area: 3,095
  • Building Area: 1,493
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,493
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000129
  • 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: 114 0000 0060 A
  • Parcel: LAWR M:0114 B:0000 L:0060
  • Lot: 60
  • Municipality: LAWRENCE
  • Latitude: 42.6822
  • Longitude: -71.1607

    Address

  • Full Address: 40 Stevens Ave
  • Address - House Number: 40
  • Address - Street Name: Stevens
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C038
  • 4-Digit Zip Code: 3666
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $382,400

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 518,516
  • High Value: 615,596
  • Low Value: 421,435

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $413,400
  • Assessed Land Value: $131,600
  • Assessed Improvements Value: $281,800

    Sales

  • Current Sale Recording Date: Feb 19, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 4597
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71020698

Frequently Asked Questions

When was property at 40 Stevens Avenue built and last sold?
The property at 40 Stevens Avenue was built in 1946 and last sold on Jan 1, 1970 for $185,000.
How much is this home worth?
The estimated value of the home located at 40 Stevens Avenue is $216,613.
What are some comparable homes to 40 Stevens Avenue?
There are currently no comparable homes to 40 Stevens Avenue.
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