NOT LISTED FOR SALE

245-247 Bailey St Lawrence, MA 01843

South Common Neighborhood

Estimated Value: $869,000 - $1,033,000

10 Beds
3 Baths
4,344 Sq Ft
$219/Sq Ft Est. Value

Last Sold April 22, 2020

Last sale price $570,000 $131 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $5,467/month

20 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • 5-minute walk to O'Connell South Common

About This Home

As of April 2020

Great opportunity to own this very large ($1,448 sq feet for each unit) Turn Key fully rented and renovated three family home in the desirable South Lawrence, right on the Andover line. Lead paint compliance certified. Very nice and quiet neighborhood. A park with basketball courts 100 feet away. First floor unit with laundry in unit, second and third laundry in the basement. Fenced back yard for summer cook outs. Each unit has an off - street parking spot. Tenants pay for their own utilities. Tuned up heating system, 3 brand new hot water tanks. All electrical was completely upgraded. Clean cemented basement. Convenience to major highways. Nothing to do but collect rent from the best tenants ever!!! Open House Saturday and Sunday (11am-2pm). Offers due Tuesday (March 17th) by 5pm.

Last Agent to Sell the Property

Todor Lalamov

eXp Realty Listed on: 03/11/2020

Last Buyer's Agent

Jose Martinez

Realty ONE Group Nest

Realty ONE Group Nest

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 3,485

Additional Features

  • Wood Flooring
  • Fenced Yard
  • Natural Gas Water Heater
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:0063 B:0000 L:0074

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 132.37
  • Comp Based On: Net Sale Price
  • Year Built: 1900
  • Lead Paint: Certified Treated
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1900

Interior Features

  • Flooring: Hardwood
  • Total Flrs: 6
  • No Bedrooms: 10
  • Total Brs: 10
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 18
  • Basement: Y
  • Basement Features: Full, Concrete Floor
  • Main Lo: AN1405
  • Main So: NB5012
  • Estimated Sq Ft: 4344.00

Exterior Features

  • Roof Material: Rubber
  • Exterior: Shingles, Asbestos
  • Exterior Features: Fenced Yard
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street, Paved Driveway
  • Parking Spaces: 4

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 110 Volts, 220 Volts, Individually Metered
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access

Lot Info

  • Assessments: 387100.00
  • Acre: 0.08
  • Lot Size: 3600.00
  • Page: 88
  • Parcel Number: M:0063 B:0000 L:0074
  • Lot Description: Paved Drive

Multi Family

  • APOD Available: Yes
  • Total Levels: 3
  • Total Rms: 18
  • No Units: 3
  • Mf Type: 3 Family

Tax Info

  • Taxes: 4812.00
  • Assessor Parcel Number: 4201375

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2020
Closed on
Apr 20, 2020
Sold by
Philipov Stephen and Ialamov Todor
Bought by
Antigua Carmelo V and Gonzalez Joneil V
Seller's Agent
Todor Lalamov
eXp Realty
Buyer's Agent
Jose Martinez
Realty ONE Group Nest
List Price
$575,000
Sold Price
$570,000
Premium/Discount to List
-$5,000
-0.87%
Current Estimated Value
$950,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$380,883
Avg. Annual Appreciation
9.34%
Original Mortgage
$559,675
Outstanding Balance
$494,441
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$456,442

Purchase Details

Listed on
Mar 12, 2018
Closed on
Apr 30, 2018
Sold by
Brbs Properties Llc
Bought by
Philipov Stephen and Ialamov Todor
Seller's Agent
Mei Zhou
Coldwell Banker Realty - Andovers/Readings Regional
Buyer's Agent
Todor Lalamov
eXp Realty
List Price
$399,900
Sold Price
$415,000
Premium/Discount to List
$15,100
3.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.38%
Original Mortgage
$311,250
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2015
Sold by
Zhou Mei Y
Bought by
Brbs Properties Llc

Purchase Details

Closed on
Apr 1, 2014
Sold by
Zhou Mei Y
Bought by
Wang Wentao and Zhou Mei Y

Purchase Details

Closed on
Jun 18, 2013
Sold by
Difraia Sheila D and Difraia Sheila D
Bought by
Zhou Mei Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
3.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2009
Sold by
Rivera Angelica and Gonzalez Jose
Bought by
Difraia Joseph M and Difraia Sheila D

Purchase Details

Closed on
Nov 29, 2005
Sold by
Erazo Natalie and Matias Juan
Bought by
Rivera Angelica and Torres Yamaris

Purchase Details

Closed on
Jun 3, 2004
Sold by
Middlemiss C Shirley
Bought by
Matias Juan and Erazo Natalie

Purchase Details

Closed on
Aug 15, 1996
Sold by
Riverside Rt and Berry Carlton P
Bought by
Orbanes Philip E and Orbanes Anna
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
Antigua Carmelo V $570,000 None Available
Philipov Stephen $415,000 --
Brbs Properties Llc -- --
Brbs Properties Llc -- --
Wang Wentao -- --
Wang Wentao -- --
Zhou Mei Y $290,000 --
Zhou Mei Y $290,000 --
Difraia Joseph M $180,000 --
Difraia Joseph M $180,000 --
Rivera Angelica $400,500 --
Rivera Angelica $400,500 --
Matias Juan $341,000 --
Matias Juan $341,000 --
Orbanes Philip E $418,280 --
Orbanes Philip E $418,280 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Antigua Carmelo V $559,675
Previous Owner Philipov Stephen $311,250
Previous Owner Zhou Mei Y $217,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/22/2020 04/22/20 Sold $570,000 -0.9% $131 / Sq Ft
03/31/2020 03/31/20 Pending -- -- --
03/11/2020 03/11/20 For Sale $575,000 +38.6% $132 / Sq Ft
04/30/2018 04/30/18 Sold $415,000 +3.8% $96 / Sq Ft View Prior Sale
03/19/2018 03/19/18 Pending -- -- --
03/12/2018 03/12/18 For Sale $399,900 -- $92 / 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 $5,944 $675,400 $93,000 $582,400
2024 $6,069 $656,100 $100,700 $555,400
2023 $5,667 $557,800 $93,300 $464,500
2022 $5,563 $486,300 $84,600 $401,700
2021 $5,259 $428,600 $84,600 $344,000
2020 $4,812 $387,100 $80,200 $306,900
2019 $4,891 $357,500 $66,700 $290,800
2018 $4,711 $329,000 $63,100 $265,900
2017 $4,332 $282,400 $59,700 $222,700
2016 $4,102 $264,500 $49,100 $215,400
2015 $4,026 $266,300 $49,100 $217,200
Source: Public Records

Agents Affiliated with this Home

  • Todor Lalamov

    Seller's Agent in 2020

    Todor Lalamov

    eXp Realty

    (857) 222-0707

    2 in this area

    19 Total Sales

    Todor Lalamov
    Section Image
  • Jose Martinez

    Buyer's Agent in 2020

    Jose Martinez

    Realty ONE Group Nest

    (978) 387-2318

    7 in this area

    106 Total Sales

    Jose Martinez
    Section Image
  • Mei Zhou

    Seller's Agent in 2018

    Mei Zhou

    Coldwell Banker Realty - Andovers/Readings Regional

    (978) 413-6688

    79 Total Sales

    Mei Zhou
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72632112

MLS Property Information Network (MLS PIN)

APN: LAWR-000063-000000-000074

Massachusetts Essex County Lawrence 01843 South Common

245-247 Bailey St, Lawrence, MA

Not Listed for Sale

MultiFamily

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