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Lawrence 01843 South Common
5 Shawsheen Rd
$465,000
● House - Off Market

5 Shawsheen Rd

Lawrence, MA 01843
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,240 Ft²
$467,913
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Fantastic open concept home with a versatile layout. This home features beautiful black luxury vinyl plank flooring, recessed lighting, and a finished lower level. The open dining room flows into the kitchen with white cabinets, granite countertops, and stainless steel appliances. Just beyond the living is spacious with a den on one side and a slider to the back deck overlooking the pool, patio, and backyard on the other side. There are two nice-sized bedrooms with hardwood flooring and a bath on the second level. There is laundry in the lower level and a partially finished space that can be used for additional entertaining. Fresh exterior paint (the whole house) - July 2022, paved driveway, newly installed vinyl fence, fresh landscaping, and more. Easy access to the highway (I-495) and North Andover shops/plazas!
Unit Size
1,240 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$363
Property Type
House
Property Taxes
$292
HOA Dues
-
Year Built
1910

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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: 5 months ago (MLSPIN #73022993)

Price History

Date / Event Date Event Price
Sep 30, 2022 Sold
Premium
Sold
Aug 9, 2022 Listed by Redfin Corp. $449,900
Listed by Redfin Corp.
Feb 24, 2020 Sold
Premium
Sold
Oct 8, 2019 Listed by Redfin Corp. $295,000
Listed by Redfin Corp.
Sep 30, 2015 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • 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: 3,685
  • Total Building Area: 1,000
  • Gross Building Area: 1,856
  • Building Area: 1,000
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,000
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000085
  • 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: 251600

Geography

  • Account Number: 45 0000 0065 A
  • Parcel: LAWR M:0045 B:0000 L:0065
  • Lot: 65
  • Municipality: LAWRENCE
  • Latitude: 42.7011
  • Longitude: -71.1432

    Address

  • Full Address: 5 Shawsheen Rd
  • Address - House Number: 5
  • Address - Street Name: Shawsheen
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C033
  • 4-Digit Zip Code: 1727
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $336,200

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 443,229
  • High Value: 513,239
  • Low Value: 373,219

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $363,500
  • Assessed Land Value: $101,300
  • Assessed Improvements Value: $262,200

    Sales

  • Current Sale Contract Date: Sep 30, 2022
  • Current Sale Recording Date: Sep 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23080
  • Previous Sale Recording Date: Feb 24, 2020
  • Previous Sale Contract Date: Feb 21, 2020
  • Previous Sale Amount: $308,000
  • 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 South Common

Stats & Trends

Median Asking:

$875,000

Sale Price/ft²

$273

Below Asking

0.01%

Average Days on Market

69

Average Home Size

4258 ft²

Average Home Age

81 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: 5 months ago
Data Source: MLS PIN, MLS# 73022993

Frequently Asked Questions

When was property at 5 Shawsheen Road built and last sold?
The property at 5 Shawsheen Road was built in 1910 and last sold on Sep 30, 2022 for $465,000.
How much is this home worth?
The estimated value of the home located at 5 Shawsheen Road is $436,142.
What are some comparable homes to 5 Shawsheen Road?
There are currently no comparable homes to 5 Shawsheen Road.
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