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Lawrence 01843 Mount Vernon
44 Hamlet St
$485,000
● House - Off Market

44 Hamlet St

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,044 Ft²
$497,440
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Expansive 3 bedroom 2 bathroom home located around the corner from Robert Frost Elementary and minutes to shopping, restaurants and the highway (Route 495 and 93). One level living with an extensive finished lower level, attached one car garage, and a massive fenced in back yard.  There are 2 front entrances.  The side entrance leads to a large mudroom/foyer/sitting room that connects to the huge open kitchen/dining area. The main floor has 3 generous sized bedrooms, a large living room and a full bath.  But wait, there's more!  The finished lower level/basement is mostly above ground with 4 full sized windows and walk out door to the backyard.  It already includes a full bath, huge entertainment/playroom, storage/office room, utility/laundry room, garage access.  Possibilities abound here.
Unit Size
2,044 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$230
Property Type
House
Property Taxes
$340
HOA Dues
-
Year Built
1963

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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 #73062630)

Price History

Date / Event Date Event Price
Jan 20, 2023 Sold
Premium
Sold
Dec 12, 2022 In contract -
In contract
Dec 1, 2022 Listed by Thread Real Estate, LLC $469,900
Listed by Thread Real Estate, LLC
May 1, 2001 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 12,800
  • Total Building Area: 1,376
  • Gross Building Area: 2,832
  • Building Area: 1,376
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,376
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000294
  • 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: 136 0000 0012 A
  • Parcel: LAWR M:0136 B:0000 L:0012
  • Lot: 12
  • Municipality: LAWRENCE
  • Latitude: 42.6856
  • Longitude: -71.1656

    Address

  • Full Address: 44 Hamlet St
  • Address - House Number: 44
  • Address - Street Name: Hamlet
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C041
  • 4-Digit Zip Code: 2434
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $396,700
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 526,671
  • High Value: 616,770
  • Low Value: 436,572

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $428,900
  • Assessed Land Value: $166,700
  • Assessed Improvements Value: $262,200

    Sales

  • Current Sale Contract Date: Jan 20, 2023
  • Current Sale Recording Date: Jan 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1029
  • Previous Sale Recording Date: May 01, 2001
  • Previous Sale Amount: $186,000
  • 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

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73062630

Frequently Asked Questions

When was property at 44 Hamlet Street built and last sold?
The property at 44 Hamlet Street was built in 1963 and last sold on Jan 20, 2023 for $485,000.
How much is this home worth?
The estimated value of the home located at 44 Hamlet Street is $500,161.
What are some comparable homes to 44 Hamlet Street?
There are currently no comparable homes to 44 Hamlet Street.
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