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Lawrence 01843 Mount Vernon
5 Mt. Vernon Terr
$480,000
● House - Off Market

5 Mt. Vernon Terr

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,612 Ft²
$2,921
Est. Monthly

About This Property

Unique larger ranch in sought after Mount Vernon area. With a fireplaced living room, inground pool, spacious master suite and bar area for entertaining in the partially finished basement, this home truly has something for everyone. Current office could be used as a 3rd bedroom. Newer roof (9 years), brand new boiler, and meticulous maintainence help the pride of ownership shine through.  Central AC and skylit living room and bedrooms. Whirlpool tub in the master suite. Did we mention the garage underneath with space for three vehicles. Must be seen to truly appreciate.  Home is move in ready, looking to sell as is with remaining furniture and oil included in sale.
Unit Size
1,612 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$323
Property Type
House
Property Taxes
$367
HOA Dues
-
Year Built
1965

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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: 5 months ago (MLSPIN #73157722)

Price History

Date / Event Date Event Price
Dec 7, 2023 Sold
Premium
Sold
Oct 24, 2023 In contract -
In contract
Sep 27, 2023 Relisted $520,000
Relisted
Sep 20, 2023 In contract -
In contract
Sep 9, 2023 Listed by Berkshire Hathaway HomeServices Verani Realty Methuen $520,000
Listed by Berkshire Hathaway HomeServices Verani Realty Methuen

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 10,600
  • Total Building Area: 1,612
  • Gross Building Area: 3,424
  • Building Area: 1,612
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,612
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000243
  • 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: 198 0000 0005 A
  • Parcel: LAWR M:0198 B:0000 L:0005
  • Lot: 5
  • Municipality: LAWRENCE
  • Latitude: 42.6809
  • Longitude: -71.1823

    Address

  • Full Address: 5 Mount Vernon Ter
  • Address - House Number: 5
  • Address - Street Name: Mount Vernon
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C039
  • 4-Digit Zip Code: 1913
  • Zip Code: 01843

Valuation

    Tax

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

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 522,346
  • High Value: 564,284
  • Low Value: 480,408

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $451,400
  • Assessed Land Value: $164,900
  • Assessed Improvements Value: $286,500

    Sales

  • Current Sale Contract Date: Dec 07, 2023
  • Current Sale Recording Date: Dec 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20229
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

$364

Below Asking

0.01%

Average Days on Market

56

Average Home Size

1171 ft²

Average Home Age

66.4 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73157722

Frequently Asked Questions

When was property at 5 Mt Vernon Terrace built and last sold?
The property at 5 Mt Vernon Terrace was built in 1965 and last sold on Dec 7, 2023 for $480,000.
How much is this home worth?
The estimated value of the home located at 5 Mt Vernon Terrace is $535,254.
What are some comparable homes to 5 Mt Vernon Terrace?
There are currently no comparable homes to 5 Mt Vernon Terrace.
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