NOT LISTED FOR SALE

159 Park St Lawrence, MA 01841

Arlington Neighborhood

Estimated Value: $544,144 - $878,000

6 Beds
2 Baths
2,056 Sq Ft
$349/Sq Ft Est. Value

Last Sold July 21, 2022

Last sale price $610,000 $297 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,929/month

6 Days on Market

About This Home

As of July 2022

Attention investors and owner occupied buyers! This multi family in the heart of Lawrence is a walk away from restaurants, shops, parks, and schools. A move in ready refreshed first floor unit awaits its new tenant or new owner. Take advantage of this great property to get you into real estate investing or to add to your portfolio.

Last Agent to Sell the Property

Juan Ortega

Century 21 McLennan & Company Listed on: 05/31/2022

Century 21 McLennan & Company

Last Buyer's Agent

Angel Rivas

View Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,557

Year Built

  • Built in 1900

Lot Details

  • 2,640 Sq Ft Lot
  • Corner Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Rubber Roof

Interior Spaces

  • 2,056 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Parking Spaces
  • Driveway
  • Open Parking

Community Details

  • 2 Units
  • Net Operating Income $15,600

Listing and Financial Details

  • Total Actual Rent $1,300
  • Assessor Parcel Number M:0150 B:0000 L:0064 2,4207394

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,557

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Living Area: 2056
  • Stories Total: 3
  • MAIN LO: G46000
  • MAIN SO: AN4686

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Roof: Shingle, Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel Number: M:0150 B:0000 L:0064 2,4207394
  • Zoning: RES
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.06
  • Lot Size Sq Ft: 2640
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3557

Multi Family

  • Net Operating Income: 15600
  • Number Of Units Total: 2
  • Total Actual Rent: 1300
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2022
Closed on
Jul 21, 2022
Sold by
Ortega Tammy M and Cruz Shawna M
Bought by
Tejeda-Medina Julio R and Detejeda Arisleydi E
Seller's Agent
Juan Ortega
Century 21 McLennan & Company
Buyer's Agent
Angel Rivas
View Real Estate Group
List Price
$539,900
Sold Price
$610,000
Premium/Discount to List
$70,100
12.98%
Current Estimated Value
$684,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,011
Avg. Annual Appreciation
4.73%
Original Mortgage
$598,951
Outstanding Balance
$568,889
Interest Rate
5.23%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$148,897

Purchase Details

Closed on
Mar 1, 2022
Sold by
Mccarthy David M and Mccarthy Judith A
Bought by
Ortega Tammy M and Cruz Shawna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
3.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 1994
Sold by
Fnma
Bought by
Mccarthy David M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,400
Interest Rate
8.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 1992
Sold by
Cabrera & Rey Rlty & and Cabrera
Bought by
Duran Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,200
Interest Rate
8.44%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tejeda-Medina Julio R $610,000 None Available
Ortega Tammy M $368,000 None Available
Mccarthy David M $36,000 --
Duran Joseph $119,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tejeda-Medina Julio R $598,951
Previous Owner Ortega Tammy M $276,000
Previous Owner Duran Joseph $32,400
Previous Owner Duran Joseph $89,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2022 07/21/22 Sold $610,000 +13.0% $297 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
05/31/2022 05/31/22 For Sale $539,900 -- $263 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,484 $509,500 $93,000 $416,500
2024 $4,003 $432,800 $97,700 $335,100
2023 $3,938 $387,600 $94,300 $293,300
2022 $3,557 $310,900 $88,900 $222,000
2021 $3,493 $284,700 $88,900 $195,800
2020 $3,354 $269,800 $74,100 $195,700
2019 $3,144 $229,800 $55,100 $174,700
2018 $2,904 $202,800 $49,900 $152,900
2017 $2,732 $178,100 $47,300 $130,800
2016 $2,629 $169,500 $36,900 $132,600
2015 $2,524 $166,900 $36,900 $130,000
Source: Public Records

Agents Affiliated with this Home

  • Juan Ortega

    Seller's Agent in 2022

    Juan Ortega

    Century 21 McLennan & Company

    (978) 815-5522

    2 in this area

    31 Total Sales

    Juan Ortega
    Section Image
  • Angel Rivas

    Buyer's Agent in 2022

    Angel Rivas

    View Real Estate Group

    (978) 983-4510

    5 in this area

    42 Total Sales

    Angel Rivas
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72989161

MLS Property Information Network (MLS PIN)

APN: LAWR-000150-000000-000064-000002-000002

Massachusetts Essex County Lawrence 01841 Arlington

159 Park St, Lawrence, MA

Not Listed for Sale

MultiFamily

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