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Lawrence 01843 Mount Vernon
424 S. Broadway
$355,000
● House - Off Market

424 S. Broadway

Lawrence, MA 01843
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,472 Ft²
$374,470
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

South Lawrence 4 bedroom cape features large formal light and bright living room, oversized  eat in kitchen with loads of cabinets opened to family room that leads to deck, patio and large level lot.  First floor also boasts 2 bedrooms and a full bath.  2nd floor features 2 more bedrooms.  Close to  major highway, loads of parking and so much more.  Masks must be worn by all at showings
Unit Size
1,472 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$231
Property Type
House
Property Taxes
$262
HOA Dues
-
Year Built
1947

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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 years ago (MLSPIN #72900775)

Price History

Date / Event Date Event Price
Dec 22, 2021 Sold
Premium
Sold
Sep 27, 2021 Listed by Return Realty Group, Inc. $339,900
Listed by Return Realty Group, Inc.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 1
  • 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: 6,524
  • Total Building Area: 1,472
  • Gross Building Area: 2,621
  • Building Area: 1,472
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,472
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000150
  • 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: 75 0000 0013 A
  • Parcel: LAWR M:0075 B:0000 L:0013
  • Lot: 13
  • Municipality: LAWRENCE
  • Latitude: 42.6841
  • Longitude: -71.1548

    Address

  • Full Address: 424 S Broadway
  • Address - House Number: 424
  • Street Direction: S
  • Address - Street Name: Broadway
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C038
  • 4-Digit Zip Code: 3533
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $323,000

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 351,081
  • High Value: 379,268
  • Low Value: 322,893

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $349,200
  • Assessed Land Value: $121,500
  • Assessed Improvements Value: $227,700

    Sales

  • Current Sale Contract Date: Dec 22, 2021
  • Current Sale Recording Date: Dec 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 41687
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

55

Average Home Size

1384 ft²

Average Home Age

56.6 years

Currently For Sale

7 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

Unit for rent at 23 Florence, Andover, 01810

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
23 Florence, Andover, 01810 Listing by Julie Ratte

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72900775

Frequently Asked Questions

When was property at 424 South Broadway built and last sold?
The property at 424 South Broadway was built in 1947 and last sold on Dec 22, 2021 for $355,000.
How much is this home worth?
The estimated value of the home located at 424 South Broadway is $0.
What are some comparable homes to 424 South Broadway?
There are currently no comparable homes to 424 South Broadway.
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