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Lawrence 01843 Mount Vernon
404 South Broadway
$185,000
● House - Off Market

404 South Broadway

Lawrence, MA 01843
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,320 Ft²
$520,846
RealtyHop Estimate
174.27%
Since Jun 1, 2001
National-US
Primary Model

About This Property

BEAUTY AND CHARM BEST DESCRIBES THIS HOME WITH QUALITY THRU- OUT. BEAUTIFUL FP LR W/DETAIL MOLDING, LARGE EAT IN KITCHEN, 2 FULL CERAMIC BATHS,NEWER HEAT, ELECTRIC, QUALITY BUILT, ONLY 1 OWNER HOME.
Unit Size
2,320 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$82
Property Type
House
Property Taxes
$164
HOA Dues
-
Year Built
1949

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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 years ago (MLSPIN #30452603)

Price History

Date / Event Date Event Price
May 4, 2001 Sold
Premium
Sold
Oct 11, 2000 Listed $189,900
Listed

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 7,560
  • Total Building Area: 2,320
  • Gross Building Area: 4,510
  • Building Area: 2,320
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,320
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000174
  • 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: 76 0000 0027 A
  • Parcel: LAWR M:0076 B:0000 L:0027
  • Lot: 27
  • Municipality: LAWRENCE
  • Latitude: 42.6855
  • Longitude: -71.1557

    Address

  • Full Address: 404 S Broadway
  • Address - House Number: 404
  • Street Direction: S
  • Address - Street Name: Broadway
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C037
  • 4-Digit Zip Code: 3527
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $427,800

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 593,304
  • High Value: 701,030
  • Low Value: 485,578

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $462,500
  • Assessed Land Value: $128,100
  • Assessed Improvements Value: $334,400

    Sales

  • Current Sale Recording Date: May 04, 2001
  • Current Sale Price:
    Premium
  • Current 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

$364

Below Asking

0.01%

Average Days on Market

58

Average Home Size

1166 ft²

Average Home Age

65.3 years

Currently For Sale

8 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 years ago
Data Source: MLS PIN, MLS# 30452603

Frequently Asked Questions

When was property at 404 South Broadway built and last sold?
The property at 404 South Broadway was built in 1949 and last sold on Jan 1, 1970 for $185,000.
How much is this home worth?
The estimated value of the home located at 404 South Broadway is $226,133.
What are some comparable homes to 404 South Broadway?
There are currently no comparable homes to 404 South Broadway.
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