Seller's Agent in 2023
Spencer Norton
Horvath & Tremblay
(781) 776-4524
2 in this area
19 Total Sales
20 Holly St Unit 22 Lawrence, MA 01841
Arlington NeighborhoodEstimated Value: $603,181 - $777,000
18
Beds
6
Baths
6,132
Sq Ft
$119/Sq Ft
Est. Value
Highlights
- 0.21 Acre Lot
- Tandem Parking
- 3 Car Garage
About This Home
As of November 2023*Offers due end of day Friday 10/6* Horvath & Tremblay is pleased to present the exclusive sale of two multi-family investment properties located at 20-22 & 24-28 Holly Street in Lawrence, Massachusetts. The Property is comprised of two adjacent parcels consisting of three buildings and containing a total of five (5) units. The units are comprised of three (3) 4-Bedroom/1-Bathroom units, one (1), 4-Bedroom/2-Bathroom unit, and one (1) 2-Bedroom/1-Bathroom unit. The buildings contain 6,132 square feet of living area in 10,878 gross square feet on a combined 0.20-acres of land. The Property also has a detached three-car garage and additional off-street surface parking. The buildings have a current cap rate of 7.33%.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,610
Year Built
- Built in 1915
Lot Details
- 9,000
Parking
- 3 Car Garage
- Tandem Parking
- Open Parking
- Off-Street Parking
Home Design
- 6,132 Sq Ft Home
Bedrooms and Bathrooms
- 18 Bedrooms
- 6 Full Bathrooms
Additional Features
- 9,000 Sq Ft Lot
- Flood Zone Lot
Listing and Financial Details
- Total Actual Rent $8,385
Community Details
Overview
- 5 Units
- Property has 2 Levels
Building Details
- Electric Expense $520
- Insurance Expense $10,000
- Water Sewer Expense $4,275
- Operating Expense $34,686
- Net Operating Income $65,934
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 15, 2024
Sold by
Labelle Maison Llc
Bought by
Portorreal Rafael L and Herrera Joelina L
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$706,959
Outstanding Balance
$695,508
Interest Rate
5.75%
Mortgage Type
FHA
Estimated Equity
$32,537
Purchase Details
Listed on
Sep 29, 2023
Closed on
Nov 14, 2023
Sold by
Keyser Lt and Keyser
Bought by
Labelle Maison Llc
Seller's Agent
Spencer Norton
Horvath & Tremblay
Buyer's Agent
Spencer Norton
Horvath & Tremblay
List Price
$900,000
Sold Price
$931,000
Premium/Discount to List
$31,000
3.44%
Views
75
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.25%
Purchase Details
Closed on
Oct 2, 2014
Sold by
Keyser Kenneth C and Keyser Karin C
Bought by
Keyser Lt and Keyser
Purchase Details
Closed on
Nov 4, 1983
Bought by
Lt Keyser
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Portorreal Rafael L | $720,000 | None Available | |
| Portorreal Rafael L | $720,000 | None Available | |
| Portorreal Rafael L | $720,000 | None Available | |
| Labelle Maison Llc | $931,000 | None Available | |
| Labelle Maison Llc | $931,000 | None Available | |
| Labelle Maison Llc | $931,000 | None Available | |
| Keyser Lt | -- | -- | |
| Keyser Lt | -- | -- | |
| Lt Keyser | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Portorreal Rafael L | $706,959 | |
| Closed | Portorreal Rafael L | $706,959 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/17/2023 11/17/23 | Sold | $931,000 | +3.4% | $152 / Sq Ft |
| 10/12/2023 10/12/23 | Pending | -- | -- | -- |
| 09/29/2023 09/29/23 | For Sale | $900,000 | -- | $147 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $4,660 | $529,500 | $110,400 | $419,100 |
| 2024 | $4,063 | $439,200 | $117,600 | $321,600 |
| 2023 | $4,124 | $405,900 | $113,600 | $292,300 |
| 2022 | $3,956 | $345,800 | $107,100 | $238,700 |
| 2021 | $3,935 | $320,700 | $107,100 | $213,600 |
| 2020 | $3,539 | $284,700 | $89,200 | $195,500 |
| 2019 | $3,291 | $240,600 | $66,300 | $174,300 |
| 2018 | $3,100 | $216,500 | $60,100 | $156,400 |
| 2017 | $2,977 | $194,100 | $57,000 | $137,100 |
| 2016 | $2,939 | $189,500 | $44,500 | $145,000 |
| 2015 | $2,824 | $186,800 | $44,500 | $142,300 |
Source: Public Records
Agents Affiliated with this Home
-
Spencer Norton
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73165145
APN: LAWR-000191-000000-000053
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.
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.
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