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Gloucester 01930
8 Lawrence Mt Rd
$429,000
● House - Off Market

8 Lawrence Mt Rd

Gloucester, MA 01930
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,700 Ft²
$641,713
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model

About This Property

Updated 5 bedroom, 2 bath Colonial abutting conservation land. Perfect scenario for the growing family. Located near the new West Parish Elementary Public School, with close proximity to commuter rail and highway.  Enter this home through an enclosed sunporch, opening to gleaming hardwood floors, lots of sunshine, perfectly clean, and newly renovated kitchen, baths and more!  Huge master suite with 4 other bedrooms; giving unlimited versatility to floor plan. Create an office and family room. Plenty of parking, full basement w/ walk-out, Title V approved septic (5 bed), and city water.
Unit Size
1,700 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$252
Property Type
House
Property Taxes
$369
HOA Dues
-
Year Built
1930

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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 #72455954)

Price History

Date / Event Date Event Price
Apr 19, 2019 Sold
Premium
Sold
Feb 22, 2019 Listed by Leading Edge Real Estate $429,000
Listed by Leading Edge Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 7
  • Basement Area: 405
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,500
  • Total Building Area: 1,700
  • Gross Building Area: 2,671
  • Building Area: 1,700
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,700
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Gloucester School District
  • School Tax School District: GLOUCESTER SD
  • Census Tract: 221902

Zoning

  • Zoning: R-10

Geography

  • Parcel: GLOU M:0227 B:0068 L:0000
  • Block: 68
  • Municipality: GLOUCESTER
  • Latitude: 42.621
  • Longitude: -70.7268

    Address

  • Full Address: 8 Lawrence Mountain Rd
  • Address - House Number: 8
  • Address - Street Name: Lawrence Mountain
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C010
  • 4-Digit Zip Code: 2030
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $585,200

    Appraisal Valuation

  • Standard Deviation: 0.166
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 657,716
  • High Value: 766,914
  • Low Value: 548,518

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $601,400
  • Assessed Land Value: $186,300
  • Assessed Improvements Value: $415,100

    Sales

  • Current Sale Contract Date: Apr 19, 2019
  • Current Sale Recording Date: Apr 19, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190419003740
  • Previous Sale Recording Date: Mar 22, 2019
  • Previous Sale Contract Date: Mar 19, 2019
  • Previous Sale Amount: $429,000
  • 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 Gloucester

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1906 ft²

Average Home Age

79.6 years

Currently For Sale

89 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# 72455954

Frequently Asked Questions

When was property at 8 Lawrence Mountain Road built and last sold?
The property at 8 Lawrence Mountain Road was built in 1930 and last sold on Apr 19, 2019 for $429,000.
How much is this home worth?
The estimated value of the home located at 8 Lawrence Mountain Road is $0.
What are some comparable homes to 8 Lawrence Mountain Road?
There are currently no comparable homes to 8 Lawrence Mountain Road.
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