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Lawrence 01843 Mount Vernon
68 Amherst St
$400,000
● House - Off Market

68 Amherst St

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath
square feet
864 Ft²
$390,000
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

*OPEN HOUSE SUNDAY 4/2  1pm to 3pm*     Located in the highly desired Mount Vernon neighborhood, this lovely 3 bedroom ranch is the perfect starter home or condo alternative.   Just in time for summer you will love get-togethers in the oversized fenced-in yard with patio, firepit, and canopy.   The spacious kitchen features an abundance of cabinets and eat-in area.    The living room is wired for surround sound and the large bay window lets in an abundance of cheery sunlight.   Don't miss out on this great opportunity - offer deadline Monday 4/3/2022 at 5 pm.
Unit Size
864 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$448
Property Type
House
Property Taxes
$261
HOA Dues
-
Year Built
1957

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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 #73092348)

Price History

Date / Event Date Event Price
May 1, 2023 Sold
Premium
Sold
Apr 4, 2023 In contract -
In contract
Mar 29, 2023 Listed by Berkshire Hathaway HomeServices Verani Realty $387,000
Listed by Berkshire Hathaway HomeServices Verani Realty
Apr 29, 2016 Sold
Premium
Sold
Mar 2, 2016 Listed by Berkshire Hathaway HomeServices Verani Realty $185,000
Listed by Berkshire Hathaway HomeServices Verani Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • 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: 882
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 864
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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 0033 A
  • Parcel: LAWR M:0158 B:0000 L:0033
  • Lot: 33
  • Municipality: LAWRENCE
  • Latitude: 42.6878
  • Longitude: -71.1714

    Address

  • Full Address: 68 Amherst St
  • Address - House Number: 68
  • 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: $310,800

    Appraisal Valuation

  • Standard Deviation: 0.2598
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 412,335
  • High Value: 491,271
  • Low Value: 333,398

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $336,000
  • Assessed Land Value: $128,100
  • Assessed Improvements Value: $207,900

    Sales

  • Current Sale Contract Date: May 01, 2023
  • Current Sale Recording Date: May 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 6413
  • Previous Sale Recording Date: Apr 29, 2016
  • Previous Sale Amount: $186,200
  • Previous Sale Document Type: 35
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

59

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# 73092348

Frequently Asked Questions

When was property at 68 Amherst Street built and last sold?
The property at 68 Amherst Street was built in 1957 and last sold on May 1, 2023 for $400,000.
How much is this home worth?
The estimated value of the home located at 68 Amherst Street is $385,100.
What are some comparable homes to 68 Amherst Street?
There are currently no comparable homes to 68 Amherst Street.
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