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Lawrence 01843 Mount Vernon
8 Grant Street
$109,000
● House - Off Market

8 Grant Street

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$417,986
RealtyHop Estimate
263.78%
Since Jun 1, 1997
National-US
Primary Model

About This Property

BANK OWNED. RARE MT.VERNON YOUNG GARRISON, HUGE FRONT AND BACK YARD, COMPLETELY REMODELED INTERIOR, ALL NEW WALL TO WALL AND VINYL FLOORING, NEW KITCHEN APPLIANCES, HUGE SCREENED IN PARTY ROOM IN THE REAR OF THE HOUSE.
Unit Size
-
Days on Market
-
Land Size
0.41 acres
Price per sqft
-
Property Type
House
Property Taxes
$218
HOA Dues
-
Year Built
1983

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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 years ago (MLSPIN #30161558)

Price History

Date / Event Date Event Price
Jun 3, 1997 Sold
Premium
Sold
May 1, 1997 Listed by Century 21 McLennan & Company $114,900
Listed by Century 21 McLennan & Company

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 18,000
  • Total Building Area: 1,968
  • Gross Building Area: 3,168
  • Building Area: 1,968
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,968
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000413
  • 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: 176 0000 0035 A
  • Parcel: LAWR M:0176 B:0000 L:0035
  • Lot: 35
  • Municipality: LAWRENCE
  • Latitude: 42.6802
  • Longitude: -71.1749

    Address

  • Full Address: 8 Grant Rd
  • Address - House Number: 8
  • Address - Street Name: Grant
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C039
  • 4-Digit Zip Code: 3102
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $415,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1813
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 589,463
  • High Value: 701,986
  • Low Value: 476,940

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $449,300
  • Assessed Land Value: $168,000
  • Assessed Improvements Value: $281,300

    Sales

  • Current Sale Recording Date: Jun 03, 1997
  • Current Sale Price:
    Premium
  • Current 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

1175 ft²

Average Home Age

75.4 years

Currently For Sale

5 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 years ago
Data Source: MLS PIN, MLS# 30161558

Frequently Asked Questions

When was property at 8 Grant Road built and last sold?
The property at 8 Grant Road was built in 1983 and last sold on Jan 1, 1970 for $109,000.
How much is this home worth?
The estimated value of the home located at 8 Grant Road is $0.
What are some comparable homes to 8 Grant Road?
There are currently no comparable homes to 8 Grant Road.
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