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Lawrence 01843 Mount Vernon
62 Amherst St
$376,000
● House - Off Market

62 Amherst St

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath
square feet
864 Ft²
$389,496
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Located in the desirable Mount Vernon neighborhood, this ranch style home offers tons of value at a great price. This home features a new central air system for those hot summer days, newer floors throughout, updated bathroom, and newer heating system. The bright kitchen gives you access to the large fenced in backyard with patio area to enjoy with friends and family.  With easy access to interstates 495 & 93, this is a commuter's dream.
Unit Size
864 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$428
Property Type
House
Property Taxes
$247
HOA Dues
-
Year Built
1955

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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 #72927970)

Price History

Date / Event Date Event Price
Feb 9, 2022 Sold
Premium
Sold
Dec 15, 2021 Listed by Century 21 McLennan & Company $369,900
Listed by Century 21 McLennan & Company
Sep 18, 2015 Sold
Premium
Sold
Jul 28, 2015 Listed by Century 21 McLennan & Company $189,900
Listed by Century 21 McLennan & Company
Jun 4, 2012 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 7,000
  • Total Building Area: 864
  • Gross Building Area: 1,152
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 864
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAWRENCE
  • Land Acres: 0000000161
  • 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: 158 0000 0030 A
  • Parcel: LAWR M:0158 B:0000 L:0030
  • Lot: 30
  • Municipality: LAWRENCE
  • Latitude: 42.6882
  • Longitude: -71.1708

    Address

  • Full Address: 62 Amherst St
  • Address - House Number: 62
  • Address - Street Name: Amherst
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C041
  • 4-Digit Zip Code: 2020
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $338,300

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 427,916
  • High Value: 505,612
  • Low Value: 350,220

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $365,700
  • Assessed Land Value: $128,100
  • Assessed Improvements Value: $237,600

    Sales

  • Current Sale Contract Date: Feb 09, 2022
  • Current Sale Recording Date: Feb 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3424
  • Previous Sale Recording Date: Sep 18, 2015
  • Previous Sale Amount: $189,900
  • 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 Mount Vernon

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$366

Below Asking

0.01%

Average Days on Market

58

Average Home Size

1279 ft²

Average Home Age

69 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72927970

Frequently Asked Questions

When was property at 62 Amherst Street built and last sold?
The property at 62 Amherst Street was built in 1955 and last sold on Feb 9, 2022 for $376,000.
How much is this home worth?
The estimated value of the home located at 62 Amherst Street is $365,090.
What are some comparable homes to 62 Amherst Street?
There are currently no comparable homes to 62 Amherst Street.
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