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Lawrence 01843 Mount Vernon
88 Amherst Street
$182,500
● House - Off Market

88 Amherst Street

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,257 Ft²
$339,946
RealtyHop Estimate
85.76%
Since Sep 1, 2014
National-US
Primary Model

About This Property

This property consists of 7 rooms, 3 bedrooms, boasting a master bedroom, dining room, huge eat-in kitchen with cabinets everywhere, full walk-in pantry, direct access from the kitchen to the attached garage, living room with wood stove, den/office, deck off the back to a fenced in yard with trees, space for a garden, shed and patio area great for cookouts. This home also has a generator hook up, central A/C, updated electrical newer roof, and security system, close to all major routes.
Unit Size
1,257 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$146
Property Type
House
Property Taxes
$225
HOA Dues
-
Year Built
1940

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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 #71690023)

Price History

Date / Event Date Event Price
Dec 23, 2020 Sold
Premium
Sold
Nov 1, 2020 Listed by The Real Estate Hub, LLC $380,000
Listed by The Real Estate Hub, LLC
Aug 20, 2014 Sold
Premium
Sold
May 30, 2014 Listed by The Real Estate Hub, LLC $183,000
Listed by The Real Estate Hub, LLC

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 6,734
  • Total Building Area: 1,532
  • Gross Building Area: 1,612
  • Building Area: 1,532
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,532
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000155
  • 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: 157 0000 0011 A
  • Parcel: LAWR M:0157 B:0000 L:0011
  • Lot: 11
  • Municipality: LAWRENCE
  • Latitude: 42.6867
  • Longitude: -71.1733

    Address

  • Full Address: 88 Amherst St
  • Address - House Number: 88
  • Address - Street Name: Amherst
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C041
  • 4-Digit Zip Code: 2063
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $433,000

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 67
  • Final Value: 529,329
  • High Value: 653,151
  • Low Value: 405,507

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $468,100
  • Assessed Land Value: $126,400
  • Assessed Improvements Value: $341,700

    Sales

  • Current Sale Contract Date: Dec 14, 2020
  • Current Sale Recording Date: Dec 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 37201
  • Previous Sale Recording Date: Aug 20, 2014
  • Previous Sale Amount: $182,500
  • 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 Mount Vernon

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$366

Below Asking

0.01%

Average Days on Market

58

Average Home Size

1279 ft²

Average Home Age

69 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71690023

Frequently Asked Questions

When was property at 88 Amherst Street built and last sold?
The property at 88 Amherst Street was built in 1940 and last sold on Dec 14, 2020 for $415,000.
How much is this home worth?
The estimated value of the home located at 88 Amherst Street is $388,352.
What are some comparable homes to 88 Amherst Street?
There are currently no comparable homes to 88 Amherst Street.
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