NOT LISTED FOR SALE

1 Laurel St Arlington, MA 02476

Arlington Heights Neighborhood
6 Beds
3 Baths
2,701 Sq Ft
2,788 Sq Ft Lot

Last Sold August 31, 2023

Last sale price $1,290,000 $478 Per Sq Ft

7 Days on Market

Highlights

  • Golf Course Community
  • Medical Services
  • Property is near public transit
  • M. Norcross Stratton Elementary School Rated A
  • Deck
  • 3-minute walk to Cutter School Park

About This Home

As of August 2023

Turn-key investment property right in Arlington Center. Equipped with a 3-car driveway, maintenance-free fiber cement siding, newer windows, and a roof that was replaced just five years ago, 1-3 Laurel St. provides an ideal buy-and-hold venture in a market flush with overpriced multi-families. Each unit is separately metered for both gas and electricity, with newer Bryant furnaces, central heating, and 100-amp electrical service on each level. Kitchens and baths have all been updated in the last 5-7 years and the cumulative rent roll amounts to $84,600/year. Unit #1 is a Philadelphia-style 3 bed, 1 bath ($2,750), unit #2 is a floor-through 2 bed, 1 bath ($2,500) and unit #3 is a 1 bed, 1 bath on the top level ($1,800). All leases span to 8/31/24.

Last Agent to Sell the Property

Joe Danisch

Coelho Realty Group LLC Listed on: 07/18/2023

Last Buyer's Agent

Joe Danisch

Coelho Realty Group LLC Listed on: 07/18/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,091

Year Built

  • Built in 1907

Lot Details

  • 2,788 Sq Ft Lot
  • Street terminates at a dead end
  • Corner Lot

Home Design

  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,701 Sq Ft Home
  • Insulated Windows
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Car Parking Spaces
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 3 Heating Zones
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $7,050
  • Assessor Parcel Number 322595

Community Details

Overview

  • 3 Units
  • Near Conservation Area
  • Property has 2 Levels

Amenities

  • Medical Services
  • Shops

Recreation

  • Golf Course Community
  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Net Operating Income $84,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,091

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1907
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood
  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 2701
  • Spa YN: No
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: AN4865
  • MAIN SO: AN4865

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public, Dead End
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Paved
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range
  • Electric: Individually Metered, Varies per Unit
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: 322595
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.06
  • Lot Size Sq Ft: 2788
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 10091

Multi Family

  • Net Operating Income: 84600
  • Number Of Units Total: 3
  • Total Actual Rent: 7050
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2023 08/31/23 Sold $1,290,000 -4.4% $478 / Sq Ft
07/26/2023 07/26/23 Pending -- -- --
07/18/2023 07/18/23 For Sale $1,350,000 -- $500 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joe Danisch

    Seller's Agent in 2023

    Joe Danisch

    Coelho Realty Group LLC

    (978) 809-2190

    1 in this area

    22 Total Sales

    Joe Danisch
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73137742

MLS Property Information Network (MLS PIN)
Massachusetts Middlesex County Arlington 02476 Arlington Heights

1 Laurel St, Arlington, MA

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Nearby Homes