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Lawrence 01843 Mount Vernon
7 Zanni Avenue
$286,000
● House - Off Market

7 Zanni Avenue

Lawrence, MA 01843
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,508 Ft²
$431,865
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

This lovely 4 bedroom, one and a half bath ranch on quiet side street atop Mount Vernon, boasts spacious single level living. Master bedroom with half bath, large living room with gorgeous picture window, attached garage and fenced-in back yard. Roof replacement in December 2011, newer windows and furnace, vinyl siding and central A/C, this gem of a house has been called home to one family since 1978. The full basement adds tremendous square footage with a separate laundry room and workshop area. Showings begin Friday, April 21st. Open House Sunday, April 23rd 2:00pm - 4:00pm.
Unit Size
1,508 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$178
Property Type
House
Property Taxes
$304
HOA Dues
-
Year Built
1960

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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 #72148475)

Price History

Date / Event Date Event Price
Jun 20, 2017 Sold
Premium
Sold
Apr 19, 2017 Listed by Coldwell Banker Residential Brokerage - Andover $269,000
Listed by Coldwell Banker Residential Brokerage - Andover

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • 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: 8,262
  • Total Building Area: 1,508
  • Gross Building Area: 2,988
  • Building Area: 1,508
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,508
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000190
  • 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: 114 0000 0039 A
  • Parcel: LAWR M:0114 B:0000 L:0039
  • Lot: 39
  • Municipality: LAWRENCE
  • Latitude: 42.6813
  • Longitude: -71.1621

    Address

  • Full Address: 7 Zanni Ave
  • Address - House Number: 7
  • Address - Street Name: Zanni
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C038
  • 4-Digit Zip Code: 3311
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $431,100

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 551,706
  • High Value: 655,000
  • Low Value: 448,411

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $466,000
  • Assessed Land Value: $150,700
  • Assessed Improvements Value: $315,300

    Sales

  • Current Sale Recording Date: Jun 20, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 15327
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

56

Average Home Size

1171 ft²

Average Home Age

66.4 years

Currently For Sale

7 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

Unit for rent at 23 Florence, Andover, 01810

$3,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
23 Florence, Andover, 01810 Listing by Julie Ratte

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72148475

Frequently Asked Questions

When was property at 7 Zanni Avenue built and last sold?
The property at 7 Zanni Avenue was built in 1960 and last sold on Jan 1, 1970 for $286,000.
How much is this home worth?
The estimated value of the home located at 7 Zanni Avenue is $287,911.
What are some comparable homes to 7 Zanni Avenue?
There are currently no comparable homes to 7 Zanni Avenue.
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