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Lawrence 01843 Mount Vernon
5 Danforth St
$359,000
● House - Off Market

5 Danforth St

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,632 Ft²
$562,898
RealtyHop Estimate
54.85%
Since Apr 1, 2018
National-US
Primary Model

About This Property

A beautiful home to start off your new year. Located in the sought after Mount Vernon area on a quiet street, this mid-century Colonial has it all. This well maintained and cared for home has been lovingly updated and maintained by the same family for several decades. Recent updates throughout including new kitchen, baths and many windows. This home features a fireplaced open concept living room, hardwood floors, generous-sized bedrooms with plenty of closet space, and a family sized dining room. The lower level includes a combination family/game room and sunny and bright 3 season room with plenty of room to expand all leading out to a deck overlooking a beautiful inground poo, patio and fenced in backyard that is nicely landscaped and perfect for entertaining. Come see this gem today.
Unit Size
1,632 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$223
Property Type
House
Property Taxes
$278
HOA Dues
-
Year Built
1950

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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 #72265765)

Price History

Date / Event Date Event Price
Apr 2, 2018 Sold
Premium
Sold
Dec 22, 2017 Listed by Gabriel Realty Group $363,500
Listed by Gabriel Realty Group

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 7,150
  • Total Building Area: 1,632
  • Gross Building Area: 2,661
  • Building Area: 1,632
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,632
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000164
  • 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: 116 0000 0014 A
  • Parcel: LAWR M:0116 B:0000 L:0014
  • Lot: 14
  • Municipality: LAWRENCE
  • Latitude: 42.6864
  • Longitude: -71.1634

    Address

  • Full Address: 5 Danforth St
  • Address - House Number: 5
  • Address - Street Name: Danforth
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C041
  • 4-Digit Zip Code: 2701
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $421,600

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 558,121
  • High Value: 659,458
  • Low Value: 456,783

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $455,800
  • Assessed Land Value: $142,800
  • Assessed Improvements Value: $313,000

    Sales

  • Current Sale Recording Date: Apr 02, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 7470
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# 72265765

Frequently Asked Questions

When was property at 5 Danforth Street built and last sold?
The property at 5 Danforth Street was built in 1950 and last sold on Jan 1, 1970 for $359,000.
How much is this home worth?
The estimated value of the home located at 5 Danforth Street is $386,530.
What are some comparable homes to 5 Danforth Street?
There are currently no comparable homes to 5 Danforth Street.
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