NOT LISTED FOR SALE

Estimated Value: $862,000 - $900,085

10 Beds
3 Baths
4,410 Sq Ft
$199/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $663,000 $150 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,358/month

14 Days on Market

Highlights

  • Property is near public transit
  • Shops
  • Heating Available
  • Porch
  • Level Lot

About This Home

As of August 2021

Welcome to 224-226 Water St! A large beautifully maintained 3 unit building that is nicely updated with replacement windows, vinyl siding, separate utilities and maintenance free vinyl exterior. All 3 units are deleaded and have a lead Certificate of Compliance. Each unit has 3 bedrooms, kitchen area, and living rooms. They are clean and offer a unique floor plan and show minimal wear and tear. Perfect for the 1st time investor or owner occupant. Located just a short distance from shopping, public transportation, public schools, downtown Lawrence and much more. The best feature is that this parcel is being sold with an adjacent parcel containing 4300 sqft that the occupants us as a parking area (M:0162 B:0000 L:0005). Can be sold as a package with 3 unit next door, MLS#72594414.This is one of those rare gems that come along once in a great while...scoop her up!

Last Agent to Sell the Property

Team Zingales

Team Zingales Realty, LLC Listed on: 07/16/2021

Co-Listed By

Joe Zingales

Team Zingales Realty, LLC

Last Buyer's Agent

Olivares & Molina Team

Realty One Group Nest

Realty One Group Nest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,051

Year Built

  • Built in 1915

Lot Details

  • 2,614 Sq Ft Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 4,410 Sq Ft Home
  • Insulated Windows
  • Laminate Flooring

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

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

Utilities

  • No Cooling
  • 3 Heating Zones
  • Heating Available
  • Gas Water Heater

Additional Features

  • Porch
  • Property is near public transit

Listing and Financial Details

  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:0162 B:0000 L:0006,4208270

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,051

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1915
  • Buyer Agency: 1.5
  • Buyer Agency Type: %
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Varies Per Unit,Laminate
  • Interior Amenities: Unit 1(Lead Certification Available,Bathroom With Tub & Shower), Unit 2(Lead Certification Available,Bathroom With Tub & Shower), Unit 3(Lead Certification Available,Bathroom With Tub & Shower), 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(Range,Refrigerator), Gas Water Heater
  • Total Bedrooms: 10
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Sump Pump, Unfinished
  • Living Area: 4410
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: AN4339
  • LIST PRICE PER Sq Ft: 147.37
  • PRICE PER Sq Ft: 150.34
  • MAIN SO: AN6420

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None)
  • Heating: Unit 1(Hot Water Baseboard,Gas), Unit 2(Hot Water Baseboard,Gas), Unit 3(Hot Water Baseboard,Gas)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)

Lot Info

  • Parcel Number: M:0162 B:0000 L:0006,4208270
  • Zoning: res
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2613.6
  • Lot Size Units: Acres
  • LOT SIZE: 2560
  • PAGE: 236

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 6051
  • Tax Book Number: 11616

Multi Family

  • Number Of Units Total: 3
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Aug 31, 2021
Sold by
224 Water Street Rt
Bought by
Quillay-Caz Ivan
Seller's Agent
Team Zingales
Team Zingales Realty, LLC
Buyer's Agent
Olivares & Molina Team
Realty One Group Nest
List Price
$649,900
Sold Price
$663,000
Premium/Discount to List
$13,100
2.02%
Current Estimated Value
$878,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,521
Avg. Annual Appreciation
6.09%
Original Mortgage
$650,991
Outstanding Balance
$598,772
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$240,610

Purchase Details

Closed on
Jun 1, 2009
Sold by
Desjardins Linda
Bought by
Roper Lawrence F and Roper Laura M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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

Purchase History

Date Buyer Sale Price Title Company
Quillay-Caz Ivan $663,000 None Available
Roper Lawrence F $107,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quillay-Caz Ivan $650,991
Previous Owner 224 Water Street Rt $100,000
Previous Owner 224 Water Street Rt $100,000
Previous Owner Desjardins Linda A $200,000
Previous Owner Desjardins Linda A $70,000
Previous Owner Roper Lawrence F $125,000
Previous Owner Desjardins Linda A $80,000
Previous Owner Desjardins Linda A $9,975
Previous Owner Desjardins Linda A $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Sold $663,000 +2.0% $150 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $649,900 -- $147 / 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 $6,862 $779,800 $92,300 $687,500
2024 $7,059 $763,100 $97,000 $666,100
2023 $7,224 $711,000 $93,600 $617,400
2022 $6,753 $590,300 $88,300 $502,000
2021 $6,357 $518,100 $88,300 $429,800
2020 $5,933 $477,300 $73,600 $403,700
2019 $6,051 $442,300 $54,700 $387,600
2018 $5,927 $413,900 $49,500 $364,400
2017 $5,502 $358,700 $47,000 $311,700
2016 $5,201 $335,300 $36,700 $298,600
2015 $4,981 $329,400 $36,700 $292,700
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72867010

MLS Property Information Network (MLS PIN)

APN: LAWR-000162-000000-000006