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Lawrence 01843 South West
71 Inman St
$256,000
● House - Off Market

71 Inman St

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,126 Ft²
$461,100
RealtyHop Estimate
77.41%
Since Dec 1, 2015
National-US
Primary Model

About This Property

Beautifully maintained, bright and sunny colonial home located in outer Mt. Vernon area. Remodeled kitchen with new cabinets, granite counter tops, center island, and upgraded appliances. Enjoy summer gatherings in the private fenced back yard with inground pool. Easy access to route 495 and 93.   Open House Sunday September 13 at 2:00- 3:30 PM
Unit Size
2,126 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$122
Property Type
House
Property Taxes
$234
HOA Dues
-
Year Built
1925

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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: 4 months ago (MLSPIN #71885010)

Price History

Date / Event Date Event Price
Nov 30, 2015 Sold
Premium
Sold
Aug 5, 2015 Listed by Keller Williams Realty $259,900
Listed by Keller Williams Realty
Nov 9, 2012 Sold
Premium
Sold
Feb 17, 2012 Listed by Keller Williams Realty $184,900
Listed by Keller Williams Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 5,000
  • Total Building Area: 1,707
  • Gross Building Area: 3,594
  • Building Area: 1,707
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,707
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 117 0000 0057 A
  • Parcel: LAWR M:0117 B:0000 L:0057
  • Lot: 57
  • Municipality: LAWRENCE
  • Latitude: 42.6877
  • Longitude: -71.1612

    Address

  • Full Address: 71 Inman St
  • Address - House Number: 71
  • Address - Street Name: Inman
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C037
  • 4-Digit Zip Code: 2735
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $377,700

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 505,404
  • High Value: 600,030
  • Low Value: 410,778

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $408,300
  • Assessed Land Value: $117,600
  • Assessed Improvements Value: $290,700

    Sales

  • Current Sale Recording Date: Nov 30, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 31051
  • Previous Sale Recording Date: Nov 09, 2012
  • Previous Sale Amount: $181,900
  • 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 South West

Stats & Trends

Median Asking:

$569,450

Sale Price/ft²

$324

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1063 ft²

Average Home Age

47.5 years

Currently For Sale

2 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71885010

Frequently Asked Questions

When was property at 71 Inman Street built and last sold?
The property at 71 Inman Street was built in 1925 and last sold on Jan 1, 1970 for $256,000.
How much is this home worth?
The estimated value of the home located at 71 Inman Street is $259,384.
What are some comparable homes to 71 Inman Street?
There are currently no comparable homes to 71 Inman Street.
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