NOT LISTED FOR SALE

Estimated Value: $722,000 - $881,000

6 Beds
3 Baths
2,664 Sq Ft
$302/Sq Ft Est. Value

Last Sold February 24, 2023

Last sale price $650,000 $244 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,584/month

12 Days on Market

Highlights

  • Property is near public transit and schools
  • Tankless Water Heater
  • Coin Laundry
  • Wood Flooring
  • Shops
  • 4-minute walk to Howard Playstead

About This Home

As of February 2023

Wonderful opportunity to own a 3-unit property in Lawrence with great income potential. Property features 6 bedrooms, 3 bathrooms, a driveway that fits 4+ cars and much more! 3 new boilers, water heaters and new roof in 2017. All 3 units have been renovated in the past 5-years; 3rd floor was renovated recently. Conveniently located near shopping, restaurants, schools and tons of local convenient amenities. This is a great opportunity for investors. NO SHOWINGS UNTIL OPEN HOUSE

Last Agent to Sell the Property

Eliana Liranzo

Team Zingales Realty, LLC Listed on: 01/11/2023

Last Buyer's Agent

Olivares & Molina Team

Realty One Group Nest

Realty One Group Nest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,696

Year Built

  • Built in 1925

Lot Details

  • 3,200 Sq Ft Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Frame Construction

Interior Spaces

  • 2,664 Sq Ft Home
  • Insulated Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit and schools

Utilities

  • 3 Heating Zones
  • Heating Available
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:0173 B:0000 L:0016,4209311

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Shops
  • Coin Laundry

Building Details

  • Water Sewer Expense $350
  • Operating Expense $850
  • Net Operating Income $51,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,696

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1925
  • 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
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood,Tile, Unit 2(Tile Floor,Hardwood Floors), Unit 3(Tile Floor,Wood Flooring)
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Refrigerator), Gas Water Heater,Tankless Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Unfinished
  • Living Area: 2664
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: AN7143
  • MAIN SO: AN6420

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Heating: Unit 1(Hot Water Baseboard,Gas), Unit 3(Hot Water Baseboard)
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Laundromat, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 350

Lot Info

  • Parcel Number: M:0173 B:0000 L:0016,4209311
  • Zoning: res
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 3200
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4696

Multi Family

  • Net Operating Income: 51600
  • Number Of Units Total: 3
  • Operating Expense: 850
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 3
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2023
Closed on
Feb 24, 2023
Sold by
Reyes Jose L
Bought by
Ramirez Lisbery J
Seller's Agent
Eliana Liranzo
Team Zingales Realty, LLC
Buyer's Agent
Olivares & Molina Team
Realty One Group Nest
List Price
$650,000
Sold Price
$650,000
Views
180
Current Estimated Value
$803,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,254
Avg. Annual Appreciation
7.52%
Original Mortgage
$634,920
Outstanding Balance
$607,962
Interest Rate
5.18%
Mortgage Type
FHA
Estimated Equity
$195,292

Purchase Details

Closed on
Aug 22, 2017
Sold by
Reyes Reyna
Bought by
Reyes Jose L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,113
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 30, 2014
Sold by
Alberto Jorge
Bought by
Reyes Reyna

Purchase Details

Closed on
Dec 29, 2004
Sold by
Marte Jenny C
Bought by
Alberto Jorge A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 4, 1999
Sold by
Soto Angel Roman
Bought by
Marte Jenny C

Purchase Details

Closed on
Nov 17, 1993
Sold by
Fnma
Bought by
Soto Angel Roman

Purchase Details

Closed on
Jan 13, 1987
Sold by
Rivera Roberto L
Bought by
Figueroa German
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Ramirez Lisbery J $650,000 None Available
Reyes Jose L $325,000 --
Reyes Reyna -- --
Alberto Jorge A $310,000 --
Marte Jenny C $85,000 --
Soto Angel Roman $24,900 --
Figueroa German $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Lisbery J $634,920
Previous Owner Reyes Jose L $319,113
Previous Owner Alberto Jorge A $310,000
Previous Owner Figueroa German $131,250
Previous Owner Figueroa German $21,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2023 02/24/23 Sold $650,000 0.0% $244 / Sq Ft
01/24/2023 01/24/23 Pending -- -- --
01/11/2023 01/11/23 For Sale $650,000 -- $244 / 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 $4,906 $557,500 $97,500 $460,000
2024 $4,926 $532,500 $102,400 $430,100
2023 $4,929 $485,100 $98,900 $386,200
2022 $4,696 $410,500 $93,200 $317,300
2021 $4,477 $364,900 $93,200 $271,700
2020 $4,129 $332,200 $77,700 $254,500
2019 $3,795 $277,400 $57,800 $219,600
2018 $3,680 $257,000 $52,300 $204,700
2017 $3,390 $221,000 $49,600 $171,400
2016 $3,342 $215,500 $38,700 $176,800
2015 $3,089 $204,300 $38,700 $165,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73069754

MLS Property Information Network (MLS PIN)

APN: LAWR-000173-000000-000016