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Lawrence 01843 Mount Vernon
5 Lorenzo Rd
$350,000
● House - Off Market

5 Lorenzo Rd

Lawrence, MA 01843
bedrooms
4 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
1,340 Ft²
$454,925
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model

About This Property

******Open House 6/29 10am-12pm and 6/30 11am-1pm******** Beautiful 4BR corner lot in desirable Mount Vernon area of South Lawrence, bordering the Andover line. Close to the Andover Country Club and Andover West Elementary school. New hardwood floors, freshly painted, additional 716 sq feet in finished basement that can be set up as a living area and office/bedroom. Attached garage, new storage shed, over-sized deck, large fenced yard with garden and fruit trees, this move in ready house is ready for the next owners!!
Unit Size
1,340 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$231
Property Type
House
Property Taxes
$287
HOA Dues
-
Year Built
1971

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72525937)

Price History

Date / Event Date Event Price
Jul 26, 2019 Sold
Premium
Sold
Jun 26, 2019 Listed by Stuart St James, Inc. $310,000
Listed by Stuart St James, Inc.
Aug 23, 2000 Sold
Premium
Sold
Jul 12, 2000 Listed by Stuart St James, Inc. $159,900
Listed by Stuart St James, Inc.
Aug 13, 1999 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • 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: 8,982
  • Total Building Area: 1,340
  • Gross Building Area: 2,600
  • Building Area: 1,340
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,340
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CASABLANCAA TWNHS
  • Land Acres: 0000000206
  • 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: 134 0000 0002 A
  • Parcel: LAWR M:0134 B:0000 L:0002
  • Lot: 2
  • Municipality: LAWRENCE
  • Latitude: 42.6809
  • Longitude: -71.1675

    Address

  • Full Address: 5 Lorenzo Rd
  • Address - House Number: 5
  • Address - Street Name: Lorenzo
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C042
  • 4-Digit Zip Code: 3216
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $417,500

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 540,147
  • High Value: 641,278
  • Low Value: 439,017

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $451,400
  • Assessed Land Value: $155,900
  • Assessed Improvements Value: $295,500

    Sales

  • Current Sale Contract Date: Jul 17, 2019
  • Current Sale Recording Date: Jul 26, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17356
  • Previous Sale Recording Date: Aug 23, 2000
  • Previous Sale Amount: $158,000
  • 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

1175 ft²

Average Home Age

75.4 years

Currently For Sale

5 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# 72525937

Frequently Asked Questions

When was property at 5 Lorenzo Road built and last sold?
The property at 5 Lorenzo Road was built in 1971 and last sold on Jul 17, 2019 for $350,000.
How much is this home worth?
The estimated value of the home located at 5 Lorenzo Road is $320,186.
What are some comparable homes to 5 Lorenzo Road?
There are currently no comparable homes to 5 Lorenzo Road.
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