Seller's Agent in 2024
Patrick Hermans
J. Borstell Real Estate, Inc.
(978) 580-7157
2 in this area
46 Total Sales
246 Salem St Lawrence, MA 01843
South West Neighborhood
19
Beds
9
Baths
8,686
Sq Ft
4,657
Sq Ft Lot
Highlights
- Deck
- Living Room
- Garden
- Property is near public transit
- Tile Flooring
- Baseboard Heating
About This Home
As of December 2024Exceptional opportunity to own a well maintained, 9-unit investment property in the desirable South Lawrence area. 3 separate buildings on one lot, a 6-family, single family and 2-family. Eight 2-bedrooms and one 3-bedroom unit, all large with many cosmetic updates throughout. With updated heating systems and a well maintained basement, there is little to do here. Most tenants are TAW and many of the rents are well below fair market. Located within walking distance of public transportation and downtown, it also offers convenience for tenants. Don’t miss this opportunity to secure a well-maintained asset in an appreciating neighborhood!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,540
Year Built
- Built in 1918
Lot Details
- 4,657 Sq Ft Lot
- Garden
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
- Rubber Roof
Interior Spaces
- 8,686 Sq Ft Home
- Living Room
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 19 Bedrooms
- 9 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Utilities
- Heating System Uses Natural Gas
- Baseboard Heating
Additional Features
- Deck
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $15,229
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Tax Lot 0018
Community Details
Overview
- 9 Units
- Property has 1 Level
Additional Features
- Coin Laundry
- Net Operating Income $182,748
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 9, 2020
Closed on
Mar 11, 2020
Sold by
Bought by
Seller's Agent
Arthur Martiroso
Keller Williams Realty
Buyer's Agent
Patrick Hermans
J. Borstell Real Estate, Inc.
List Price
$1,290,000
Sold Price
$1,250,000
Premium/Discount to List
-$40,000
-3.1%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
0.035%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 18, 2013
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Interest Rate
0.0339%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 12, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,500
Interest Rate
0.063%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 28, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,300
Interest Rate
0.0624%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 5, 2007
Sold by
Bought by
Purchase Details
Closed on
Jul 1, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
0.0573%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 12, 2004
Sold by
Bought by
Purchase Details
Closed on
Apr 7, 2004
Sold by
Bought by
Purchase Details
Closed on
Feb 20, 2004
Sold by
Bought by
Purchase Details
Closed on
Feb 24, 2003
Sold by
Bought by
Purchase Details
Closed on
Dec 10, 1998
Sold by
Bought by
Purchase Details
Closed on
May 31, 1996
Sold by
Bought by
Purchase Details
Closed on
May 22, 1995
Sold by
Bought by
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
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,250,000 | None Available | ||
| $850,000 | -- | ||
| $350,000 | -- | ||
| -- | -- | ||
| -- | -- | ||
| $250,000 | -- | ||
| $375,000 | -- | ||
| $385,000 | -- | ||
| $360,000 | -- | ||
| -- | -- | ||
| $393,000 | -- | ||
| $360,000 | -- | ||
| $102,000 | -- | ||
| $210,000 | -- | ||
| $330,000 | -- | ||
| $100,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $937,500 | ||
| Previous Owner | $637,500 | ||
| Previous Owner | $17,500 | ||
| Previous Owner | $285,300 | ||
| Previous Owner | $50,000 | ||
| Previous Owner | $50,000 | ||
| Previous Owner | $107,626 | ||
| Previous Owner | $310,000 | ||
| Previous Owner | $95,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/13/2024 12/13/24 | Sold | $1,795,000 | +5.6% | $207 / Sq Ft | |
| 10/29/2024 10/29/24 | Pending | -- | -- | -- | |
| 10/21/2024 10/21/24 | For Sale | $1,699,900 | +36.0% | $196 / Sq Ft | |
| 03/11/2020 03/11/20 | Sold | $1,250,000 | -3.1% | $144 / Sq Ft | View Prior Sale |
| 01/27/2020 01/27/20 | Pending | -- | -- | -- | |
| 01/09/2020 01/09/20 | For Sale | $1,290,000 | -- | $149 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $10,517 | $1,195,100 | $166,400 | $1,028,700 |
| 2024 | $9,540 | $1,031,400 | $129,000 | $902,400 |
| 2023 | $9,750 | $959,600 | $107,600 | $852,000 |
| 2022 | $9,732 | $850,700 | $98,100 | $752,600 |
| 2021 | $10,021 | $816,700 | $98,100 | $718,600 |
| 2020 | $9,083 | $730,700 | $91,000 | $639,700 |
| 2019 | $7,523 | $549,900 | $72,300 | $477,600 |
| 2018 | $7,756 | $541,600 | $68,500 | $473,100 |
| 2017 | $7,724 | $503,500 | $64,700 | $438,800 |
| 2016 | $7,207 | $464,700 | $53,300 | $411,400 |
| 2015 | $7,040 | $465,600 | $53,300 | $412,300 |
Source: Public Records
Agents Affiliated with this Home
-
Patrick Hermans
-
Jose Frias
Buyer's Agent in 2024
Jose Frias
Realty ONE Group Nest
(978) 902-1561
8 in this area
129 Total Sales
-
Arthur Martiroso
Seller's Agent in 2020
Arthur Martiroso
Keller Williams Realty
(617) 340-9135
188 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73304583
APN: LAWR M:0121 B:0000 L:0018
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.
Nearby Homes
- 301 Salem St
- 86 S Broadway
- 82 S Broadway
- 30 S Broadway
- 14 Tyler St Unit 1
- 18-20 Everett St
- 136-138 Sanborn St
- 66-68 Water St
- 33 Garfield St
- 134-136 Boxford St
- 263-265 Water St
- 267-269 Water St
- 18 Hancock St
- 312 Water St Unit 23
- 159 S Union St
- 152-158 S Union St
- 191 Farnham St
- 10 Kempton Ct
- 350 S Broadway
- 2 Andover Terrace
- 246 Salem St Unit 258
- 246-258 Salem St
- 254 Salem St
- 240 Salem St Unit 244
- 256 Salem St
- 250 Salem St
- 250 Salem St Unit 3rd floor
- 252 Salem St Unit 1st floor
- 11 1/2 Kingston St
- 238 Salem St
- 260 Salem St
- 11 Kingston St
- 232 Salem St
- 13 Kingston St
- 266 Salem St
- 9 Kingston St
- 17 Kingston St
- 247 Salem St
- 241-243 Salem St
- 241 Salem St Unit 243
Your Personal Tour Guide
Ask me questions while you tour the home.