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Lawrence 01843 Mount Vernon
9 South St
$385,000
● House - Off Market

9 South St

Lawrence, MA 01843
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,200 Ft²
$411,025
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Come view this charming Cape Home. This 4 bedroom 1.5 bath is a move in condition. Features well a maintain kitchen, marble counter, stainless steal stove, and walk out to the sunroom. Hardwood floor on the first floor, laminate on the second floor. Roof is 10 years old, gas tankless water heater installed 2018, backup electric water heater,  partial finished basement with 2 storage room, detached garage that can fit 2 small cars,  and off street parking up to 3 cars. Near public transportation, public school, and plaza. Don't miss this opportunity...
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$317
Property Type
House
Property Taxes
$267
HOA Dues
-
Year Built
1947

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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: 6 months ago (MLSPIN #72926244)

Price History

Date / Event Date Event Price
Jan 31, 2022 Sold
Premium
Sold
Dec 8, 2021 Listed by RE/MAX 360 $380,000
Listed by RE/MAX 360
Nov 23, 2011 Sold
Premium
Sold
Oct 17, 2011 Listed by RE/MAX 360 $139,900
Listed by RE/MAX 360

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 5,457
  • Total Building Area: 1,200
  • Gross Building Area: 2,370
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANK CAIRNS
  • Land Acres: 0000000125
  • 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: 75 0000 0028 A
  • Parcel: LAWR M:0075 B:0000 L:0028
  • Lot: 28
  • Municipality: LAWRENCE
  • Latitude: 42.6844
  • Longitude: -71.1547

    Address

  • Full Address: 9 South St
  • Address - House Number: 9
  • Address - Street Name: South
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C038
  • 4-Digit Zip Code: 3613
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $330,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 454,966
  • High Value: 540,149
  • Low Value: 369,784

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $356,800
  • Assessed Land Value: $114,900
  • Assessed Improvements Value: $241,900

    Sales

  • Current Sale Contract Date: Jan 31, 2022
  • Current Sale Recording Date: Jan 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2672
  • Previous Sale Recording Date: Nov 23, 2011
  • Previous Sale Amount: $130,000
  • Previous 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

55

Average Home Size

1384 ft²

Average Home Age

56.6 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: 6 months ago
Data Source: MLS PIN, MLS# 72926244

Frequently Asked Questions

When was property at 9 South Street built and last sold?
The property at 9 South Street was built in 1947 and last sold on Jan 31, 2022 for $385,000.
How much is this home worth?
The estimated value of the home located at 9 South Street is $378,075.
What are some comparable homes to 9 South Street?
There are currently no comparable homes to 9 South Street.
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