NOT LISTED FOR SALE

2 Union St North Andover, MA 01845

Estimated Value: $772,697 - $965,000

5 Beds
3 Baths
2,979 Sq Ft
$290/Sq Ft Est. Value

Last Sold June 03, 2016

Last sale price $412,500 $138 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $5,295/month

230 Days on Market

About This Home

As of June 2016

Solid opportunity for Buyers looking to generate an income stream where they live, or investors who like the advantage of having long term dependable tenants and full occupancy. Great location near the Downtown of North Andover, Library district and the Thomson School. This unique opportunity has 3 occupied units and the potential to expand the second floor unit into a town house with two floors. Currently, the third floor is used as storage, and is plumbed for a bath. This is an ideal way to expand the use and increase gross rents over the long term. Each unit has two off street parking spaces. Recent updates include interior painting, some new flooring, deck and roof improvements and more. Possible unit changes would include merging the two first floor units and creating a town home on the second and third floors. Lots of possibilities. Showings by appointment and all units available to be seen. *24hr notice required to book showing.*

Last Agent to Sell the Property

Gretchen Papineau

Coldwell Banker Realty - Andovers/Readings Regional Listed on: 09/29/2015

Coldwell Banker Realty - Andovers/Readings Regional

Last Buyer's Agent

Faina Snitkovsky

Core Real Estate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,591

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: Corner, Paved Drive
  • Property Type: Multi-family
  • Other Agent: 2.50
  • Lead Paint: Unknown
  • Year Round: Yes
  • Insc: 1836
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 12
  • Amenities: Public Transportation, Shopping, Park, Stables, Golf Course, Medical Facility, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Electric: Circuit Breakers, Individually Metered
  • Flooring: Vinyl, Wall to Wall Carpet, Hardwood
  • Basement: Full, Interior Access, Concrete Floor, Unfinished Basement
  • Total Levels: 4

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Porch, Deck
  • Foundation: Fieldstone
  • Beach: Lake/Pond
  • Beach Ownership: Association

Garage/Parking

  • Parking: Off-Street, Assigned, Paved Driveway, Unpaved Driveway
  • Parking Spaces: 6

Utilities

  • Heat Zones: 3
  • Hot Water: Natural Gas, Leased Heater
  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric: 360

Condo/Co-op/Association

  • Total Units: 3

Schools

  • Elementary School: Thomson
  • Middle School: North Andover
  • High School: North Andover

Lot Info

  • Assessor Parcel Number: M:00014 B:00037 L:00000
  • Zoning: R4

Multi Family

  • APOD Available: Yes
  • Expenses Year End: 09/15
  • Foundation: irregular
  • Heat Units: 3
  • Total Bedrooms: 5
  • Total Floors: 4
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 12
  • Total Rent_1: 2570

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2015
Closed on
Jun 3, 2016
Sold by
Morton Mary
Bought by
Andreykiv Bogdan
Seller's Agent
Gretchen Papineau
Coldwell Banker Realty - Andovers/Readings Regional
Buyer's Agent
Faina Snitkovsky
Core Real Estate
List Price
$435,000
Sold Price
$412,500
Premium/Discount to List
-$22,500
-5.17%
Current Estimated Value
$863,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$451,174
Avg. Annual Appreciation
7.67%
Original Mortgage
$330,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2003
Sold by
Laplume Morton David
Bought by
Morton David and Morton Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 1996
Sold by
Lirakis George E
Bought by
Morton Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,926
Interest Rate
8.06%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Andreykiv Bogdan $412,500 --
Morton David $370,000 --
Morton Lisa $142,140 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andreykiv Bogdan $330,000
Previous Owner Morton Lisa $246,500
Previous Owner Morton David $270,000
Previous Owner Morton Lisa $129,000
Previous Owner Morton Lisa $127,926
Previous Owner Morton Lisa $37,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2016 06/03/16 Sold $412,500 -1.8% $138 / Sq Ft
05/16/2016 05/16/16 Pending -- -- --
02/24/2016 02/24/16 Price Changed $419,900 -3.5% $141 / Sq Ft
09/29/2015 09/29/15 For Sale $435,000 -- $146 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $8,591 $763,000 $227,900 $535,100
2024 $8,055 $726,300 $226,200 $500,100
2023 $7,845 $640,900 $222,800 $418,100
2022 $7,387 $546,000 $202,600 $343,400
2021 $6,953 $490,700 $182,300 $308,400
2020 $6,161 $448,400 $173,900 $274,500
2019 $6,717 $500,900 $173,900 $327,000
2018 $7,278 $500,900 $173,900 $327,000
2017 $5,312 $372,000 $128,600 $243,400
2016 $4,701 $329,400 $128,600 $200,800
2015 $4,353 $302,500 $145,000 $157,500
Source: Public Records

Agents Affiliated with this Home

  • Gretchen Papineau

    Seller's Agent in 2016

    Gretchen Papineau

    Coldwell Banker Realty - Andovers/Readings Regional

    (978) 815-6622

    45 in this area

    125 Total Sales

    Gretchen Papineau
    Section Image

  • F

    Buyer's Agent in 2016

    Faina Snitkovsky

    Core Real Estate

    (617) 869-4477

    94 Total Sales

    Faina Snitkovsky
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71911701

MLS Property Information Network (MLS PIN)

APN: NAND-000140-000037

Massachusetts Essex County North Andover 01845

2 Union St, North Andover, MA

This home is located at 2 Union St, North Andover, MA 01845 since 29 September 2015 and is currently estimated at $863,674, approximately $289 per square foot. This property was built in 1900. 2 Union St is a home located in Essex County with nearby schools including Thomson Elementary School, North Andover Middle School, and North Andover High School.

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