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Lawrence 01843 Mount Vernon
7 Martha Ln
$330,000
● House - Off Market

7 Martha Ln

Lawrence, MA 01843
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,320 Ft²
$454,539
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

Welcome to this well cared for 4 bedroom home that is set on nice level lot in Mount Vernon area and close to the Andover line. Offering hardwood floors on first level and two ceiling fans that keep the air flowing in the living areas. The large window in the living room adds great natural light, lots of cabinets in the kitchen and there's a slider off the dining room onto a great screen porch 13x15 square feet with built-in bar for your summer enjoyment which overlooks the nice fenced back yard and with a deck for grilling! In the finished lower level is the 4th bedroom and family room both with Berber carpeting for more living space. New heating system, hot water heater and electrical, so nothing to do on this charmer but move in!
Unit Size
1,320 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$235
Property Type
House
Property Taxes
$290
HOA Dues
-
Year Built
1970

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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: 4 months ago (MLSPIN #72521437)

Price History

Date / Event Date Event Price
Aug 8, 2019 Sold
Premium
Sold
Jun 18, 2019 Listed by RE/MAX Insight $310,000
Listed by RE/MAX Insight
Sep 3, 2002 Sold
Premium
Sold
May 20, 2002 Listed by RE/MAX Insight $224,900
Listed by RE/MAX Insight

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 8,000
  • Total Building Area: 1,050
  • Gross Building Area: 2,286
  • Building Area: 1,050
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,050
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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: 154 0000 0030 A
  • Parcel: LAWR M:0154 B:0000 L:0030
  • Lot: 30
  • Municipality: LAWRENCE
  • Latitude: 42.6802
  • Longitude: -71.1716

    Address

  • Full Address: 7 Martha Ln
  • Address - House Number: 7
  • Address - Street Name: Martha
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C042
  • 4-Digit Zip Code: 3220
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $408,900

    Appraisal Valuation

  • Standard Deviation: 0.2491
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 65
  • Final Value: 488,084
  • High Value: 609,340
  • Low Value: 366,828

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $442,000
  • Assessed Land Value: $149,000
  • Assessed Improvements Value: $293,000

    Sales

  • Current Sale Contract Date: Jul 26, 2019
  • Current Sale Recording Date: Aug 08, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18795
  • Previous Sale Recording Date: Sep 03, 2002
  • Previous Sale Amount: $214,900
  • Previous Sale Document Type: 27
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

$369

Below Asking

0.01%

Average Days on Market

58

Average Home Size

1338 ft²

Average Home Age

77.8 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: 4 months ago
Data Source: MLS PIN, MLS# 72521437

Frequently Asked Questions

When was property at 7 Martha Lane built and last sold?
The property at 7 Martha Lane was built in 1970 and last sold on Jul 26, 2019 for $330,000.
How much is this home worth?
The estimated value of the home located at 7 Martha Lane is $319,024.
What are some comparable homes to 7 Martha Lane?
There are currently no comparable homes to 7 Martha Lane.
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