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67 Days on market
17 Rockwood Ln Lawrence — Photo 1 of 41

17 Rockwood Ln Lawrence — Photo 1 of 41

$689,900

Investment Analysis — 17 Rockwood Ln

Lawrence, MA 01843

Based on HUD Small Area Fair Market Rent for Lawrence, MA-NH HUD Metro FMR Area, a 4-bedroom in 01843 carries an estimated $3,160/mo in gross rent — about a 3.38% cap rate and $23,351/yr in estimated NOI at the $689,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

1,944

Style

Single Family

Built

1960

Buyer financing fell through. Beautifully remodeled and expanded Cape in the desirable Mount Vernon neighborhood, just two blocks from the Andover line. Taken down to the studs and completely renovated, this home features a brand-new second floor completed in 2023. Thoughtful, high-quality upgrades include an open-concept first floor, hardwood flooring throughout, recessed and designer lighting, central air conditioning and heating, a tankless hot water system, and a newly paved driveway. The cook's kitchen features stainless steel appliances, an exterior-vented exhaust hood, maple butcher block countertops, and beautifully crafted shaker-style cabinetry with a pantry cabinet and two under-counter Lazy Susans for exceptional storage. Upstairs, you’ll find two spacious bedrooms, each with walk-in closets featuring built-in shelving. The primary suite includes a beautifully tiled en-suite bath. Additional knee-wall storage offers easy access to extra space with possible expansion in walk out basement.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 1,944 sq ft principal dwelling). Lot size: 9,700 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$689,900
Annual Taxes$5,468

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms8
FireplacesNone
FlooringWood, Tile, Hardwood, Flooring - Vinyl
BasementFull, Walk-Out Access

Climate & Utilities

HeatingForced Air, Propane
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationConcrete Perimeter
ZoningR1

Property & Lot

Acres0.22
SqFt Lot9,700
Lot FeaturesGentle Sloping

Amenities & Appliances

Water Heater • Tankless Water Heater • Range • Dishwasher • Disposal • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dishwasher • Range Hood

Neighborhood

Public Transportation • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bathroom 1
First
Living RoomDining RoomKitchenFamily RoomBedroom 3Bedroom 4Bathroom 2
Living Room
Lvl First

Ceiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan, Window Seat

Dining Room
Lvl First

Closet/Cabinets - Custom Built, Flooring - Hardwood, French Doors, Open Floorplan, Lighting - Overhead

Kitchen
Lvl First

Ceiling Fan(s), Flooring - Hardwood, Countertops - Upgraded, Open Floorplan, Recessed Lighting, Stainless Steel Appliances

Family Room
Lvl First

Ceiling Fan(s), Flooring - Hardwood, Exterior Access, Beadboard

Primary Bedroom
Lvl Second

Bathroom - 3/4, Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Lighting - Sconce, Lighting - Overhead

Bedroom 2
Lvl Second
Bedroom 3
Lvl First

Ceiling Fan(s), Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood

Bedroom 4
Lvl First

Ceiling Fan(s), Closet, Flooring - Hardwood, Exterior Access, Paints & Finishes - Low VOC

Bathroom 1
Lvl Second

Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Cabinets - Upgraded, Recessed Lighting

Bathroom 2
Lvl First

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Jamie Elmore

Listing Office: Coldwell Banker Realty - Andovers/Readings Regional

MLS® Number: 73546117