For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Lawrence 01843 Mount Vernon
7 Rita Lane
$245,000
● House - Off Market

7 Rita Lane

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,380 Ft²
$615,478
RealtyHop Estimate
146.29%
Since Oct 1, 2002
National-US
Primary Model

About This Property

MT. VERNON.3BR RANCH W/NEW KITC,CORIAN COUNTERS,NEW FRONT & SIDE DOORS,NEW DRIVEWAY,3 SEASON PORCH,FINISHED LL W/WET BAR & BUILT IN FRIDGE.FENCED YD W/24X16 STORAGE SHED
Unit Size
1,380 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$181
Property Type
House
Property Taxes
$139
HOA Dues
-
Year Built
1970

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 4 months ago (MLSPIN #30641164)

Price History

Date / Event Date Event Price
Aug 20, 2021 Sold
Premium
Sold
Jul 9, 2021 Listed by Century 21 McLennan & Company $449,900
Listed by Century 21 McLennan & Company
Sep 26, 2002 Sold
Premium
Sold
Aug 29, 2002 Listed by Century 21 McLennan & Company $249,900
Listed by Century 21 McLennan & Company
MT. VERNON.3BR RANCH W/NEW KITC,CORIAN COUNTERS,NEW FRONT & SIDE DOORS,NEW DRIVEWAY,3 SEASON PORCH,FINISHED LL W/WET BAR & BUILT IN FRIDGE.FENCED YD W/24X16 STORAGE SHED
Jul 26, 2002 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 8,000
  • Total Building Area: 1,056
  • Gross Building Area: 2,480
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,056
  • 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 0040 A
  • Parcel: LAWR M:0154 B:0000 L:0040
  • Lot: 40
  • Municipality: LAWRENCE
  • Latitude: 42.6795
  • Longitude: -71.1714

    Address

  • Full Address: 7 Rita Ln
  • Address - House Number: 7
  • Address - Street Name: Rita
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C042
  • 4-Digit Zip Code: 3222
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $500,300

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 580,430
  • High Value: 685,819
  • Low Value: 475,042

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $540,900
  • Assessed Land Value: $149,000
  • Assessed Improvements Value: $391,900

    Sales

  • Current Sale Contract Date: Aug 20, 2021
  • Current Sale Recording Date: Aug 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 28034
  • Previous Sale Recording Date: Jul 26, 2002
  • Previous Sale Amount: $245,000
  • 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 30641164

Frequently Asked Questions

When was property at 7 Rita Lane built and last sold?
The property at 7 Rita Lane was built in 1970 and last sold on Aug 20, 2021 for $465,000.
How much is this home worth?
The estimated value of the home located at 7 Rita Lane is $449,830.
What are some comparable homes to 7 Rita Lane?
There are currently no comparable homes to 7 Rita Lane.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Lawrence Homes for Sale
Lawrence Houses for Sale
Lawrence Condos for Sale
Lawrence Townhouses for Sale
Lawrence Multifamily for Sale
Lawrence Land for Sale
Lawrence Commercial for Sale
Lawrence Homes with Basements
Nearby Cities
Methuen Town Homes for Sale
Andover Homes for Sale
Nearby Property Records
Essex County, MA Property Records
Middlesex County, MA Property Records
Rockingham County, NH Property Records
Suffolk County, MA Property Records
Hillsborough County, NH Property Records
Norfolk County, MA Property Records
Worcester County, MA Property Records
Strafford County, NH Property Records
Neighborhoods
Tower Hill Real Estate
Prospect Hill - Back Bay Real Estate
Arlington Real Estate
Mount Vernon Real Estate
South Common Real Estate
South West Real Estate
North Common Real Estate
Colonial Heights Real Estate
Nearby Counties
Methuen Town Homes for Sale
Andover Homes for Sale
North Andover Homes for Sale
Top Real Estate Agents
Top Agents in Mount Vernon
Top Agents in Lawrence
Top Agents in Methuen Town
Top Agents in Methuen Town
Top Agents in 01844
Top Agents in Andover
Top Agents in 01810
Top Agents in North Andover