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Lawrence 01840 North Common
6 Orchard St
$215,000
● House - Off Market

6 Orchard St

Lawrence, MA 01840
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,890 Ft²
$311,657
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

Attention contractors or owner occupant !!! Great opportunity in the heart of Lawrence, corner unit 4 bedroom attached single family home with plenty of potential. 2 car garage, fenced yard/garden and gas heating and appliances. This brick historically recognized property can be restored to it's glory with a little sweat equity. This property is close to shopping, parks, quick highway access & commuter rail. This property WILL NOT qualify for FHA / VA loan.
Unit Size
1,890 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$127
Property Type
House
Property Taxes
$176
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: 5 years ago (MLSPIN #72759783)

Price History

Date / Event Date Event Price
May 11, 2021 Sold
Premium
Sold
Mar 24, 2021 Listed by Home Shop Properties, Inc. $349,900
Listed by Home Shop Properties, Inc.
Jan 15, 2021 Sold
Premium
Sold
Nov 20, 2020 Listed by Home Shop Properties, Inc. $240,000
Listed by Home Shop Properties, Inc.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • 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: 1,925
  • Total Building Area: 1,890
  • Gross Building Area: 2,752
  • Building Area: 1,890
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,890
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 733
  • Land Acres: 0000000044
  • 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: 250900

Geography

  • Account Number: 87 0000 0030 A
  • Parcel: LAWR M:0087 B:0000 L:0030
  • Lot: 30
  • Municipality: LAWRENCE
  • Latitude: 42.7097
  • Longitude: -71.1539

    Address

  • Full Address: 6 Orchard St
  • Address - House Number: 6
  • Address - Street Name: Orchard
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C001
  • 4-Digit Zip Code: 1716
  • Zip Code: 01840

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $424,600

    Appraisal Valuation

  • Standard Deviation: 0.1913
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 432,167
  • High Value: 514,838
  • Low Value: 349,495

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $459,000
  • Assessed Land Value: $79,600
  • Assessed Improvements Value: $379,400

    Sales

  • Current Sale Contract Date: May 11, 2021
  • Current Sale Recording Date: May 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15769
  • Previous Sale Recording Date: Jan 15, 2021
  • Previous Sale Contract Date: Jan 15, 2021
  • Previous Sale Amount: $215,000
  • 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 North Common

Stats & Trends

Median Asking:

$429,000

Sale Price/ft²

$217

Above Asking

0.00%

Average Days on Market

55

Average Home Size

3324 ft²

Average Home Age

132.7 years

Currently For Sale

3 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 years ago
Data Source: MLS PIN, MLS# 72759783

Frequently Asked Questions

When was property at 6 Orchard Street built and last sold?
The property at 6 Orchard Street was built in 1900 and last sold on May 11, 2021 for $370,000.
How much is this home worth?
The estimated value of the home located at 6 Orchard Street is $0.
What are some comparable homes to 6 Orchard Street?
There are currently no comparable homes to 6 Orchard Street.
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