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Lawrence 01843 Mount Vernon
47 Corbett Rd
$445,000
● House - Off Market

47 Corbett Rd

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,619 Ft²
$460,091
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

GROUP SHOWING THURSDAY 06/09  FROM 6PM TIL 7:30 PM, PLEASE CALL LISTING AGENT TO VERIFY, COVID PROTOCOLS . Welcome to this Corner Lot 3 bedroom, 1.5 bathroom Mount Vernon neighborhood home which  has plenty to offer , Spacious backyard for those summer BBQ's ! Beautiful Hardwood floors, Fenced in yard, plenty of off street parking, many upgrade including kitchen, heating system, and a large shed. Close proximity to lots of great restaurants, shopping Centers and more. Easy access to I-495 and Route 93. Quick close possible!
Unit Size
1,619 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$275
Property Type
House
Property Taxes
$308
HOA Dues
-
Year Built
1900

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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 #72987316)

Price History

Date / Event Date Event Price
Aug 16, 2022 Sold
Premium
Sold
May 25, 2022 Listed by Forsley Real Estate $445,000
Listed by Forsley Real Estate
Jul 22, 2016 Sold
Premium
Sold
May 15, 2016 Listed by Forsley Real Estate $269,900
Listed by Forsley Real Estate
Mar 5, 2008 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 15
  • 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: 11,100
  • Total Building Area: 1,619
  • Gross Building Area: 2,772
  • Building Area: 1,619
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,619
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAWRENCE
  • Land Acres: 0000000255
  • 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 0043 A
  • Parcel: LAWR M:0114 B:0000 L:0043
  • Lot: 43
  • Municipality: LAWRENCE
  • Latitude: 42.6809
  • Longitude: -71.1611

    Address

  • Full Address: 47 Corbett Rd
  • Address - House Number: 47
  • Address - Street Name: Corbett
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C038
  • 4-Digit Zip Code: 3314
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $396,300

    Appraisal Valuation

  • Standard Deviation: 0.1718
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 497,278
  • High Value: 582,713
  • Low Value: 411,843

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $428,400
  • Assessed Land Value: $166,000
  • Assessed Improvements Value: $262,400

    Sales

  • Current Sale Contract Date: Aug 15, 2022
  • Current Sale Recording Date: Aug 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 19452
  • Previous Sale Recording Date: Jul 22, 2016
  • Previous Sale Amount: $255,000
  • Previous Sale Document Type: O
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# 72987316

Frequently Asked Questions

When was property at 47 Corbett Road built and last sold?
The property at 47 Corbett Road was built in 1900 and last sold on Aug 15, 2022 for $445,000.
How much is this home worth?
The estimated value of the home located at 47 Corbett Road is $456,849.
What are some comparable homes to 47 Corbett Road?
There are currently no comparable homes to 47 Corbett Road.
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