NOT LISTED FOR SALE

247 Prospect St Lawrence, MA 01841

Prospect Hill-Back Bay Neighborhood

Estimated Value: $668,000 - $985,000

9 Beds
3 Baths
3,000 Sq Ft
$283/Sq Ft Est. Value

Last Sold August 17, 2022

Last sale price $750,000 $250 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,223/month

4 Days on Market

Highlights

  • Balcony
  • Tile Flooring
  • Heating Available

About This Home

As of August 2022

Welcome to your next investment property! This beautiful well-maintained 3 family home makes this a perfect homeowner-occupied property or investment. This property features 3 bedrooms in each unit! Nothing to do but start collecting rent money! Don’t miss this investment opportunity to be the owner-occupant in a great location. Conveniently located to shopping, restaurants, highways, schools, and tons of local convenient amenities. Put this one on your "must-see" list!

Last Agent to Sell the Property

Treetop Realty Group

Keller Williams Realty Listed on: 06/23/2022

Keller Williams Realty

Last Buyer's Agent

Maria Pena

Pena Realty Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,183

Year Built

  • Built in 1910

Lot Details

  • 7,440

Home Design

  • Stone Foundation
  • Frame Construction

Interior Spaces

  • 3,000 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Parking

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

Utilities

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

Additional Features

  • Balcony
  • 7,440 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $1,600
  • Tax Lot 0090
  • Assessor Parcel Number M:0090 B:0000 L:0090 1,5005459

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $19,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,183

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1910
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Tile,Varies Per Unit,Laminate, Unit 1(undefined)
  • Interior Amenities: Unit 1(Ceiling Fans,Stone/Granite/Solid Counters), 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), Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 3000
  • Stories Total: 6
  • MAIN LO: G95022
  • MAIN SO: AN3959

Exterior Features

  • Exterior Features: Balcony
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • 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
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0

Lot Info

  • Parcel Number: M:0090 B:0000 L:0090 1,5005459
  • Zoning: RE
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7440
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5183
  • Tax Block: 0000
  • Tax Lot: 0090

Multi Family

  • Net Operating Income: 19200
  • Number Of Units Total: 3
  • Total Actual Rent: 1600
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2022
Closed on
Aug 16, 2022
Sold by
Gonzalez Leonardo A and Santos Sobeida R
Bought by
Escobar Harold and Escobar-Cedeno Laura M
Seller's Agent
Treetop Realty Group
Keller Williams Realty
Buyer's Agent
Maria Pena
Pena Realty Corporation
List Price
$749,900
Sold Price
$750,000
Premium/Discount to List
$100
0.01%
Current Estimated Value
$908,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,002
Avg. Annual Appreciation
3.69%
Original Mortgage
$562,500
Outstanding Balance
$535,360
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$314,103

Purchase Details

Closed on
Dec 18, 2017
Sold by
Daher Group Inc
Bought by
Gonzalez Leonardo A and Santos Sobeida R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,513
Interest Rate
3.94%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Escobar Harold $750,000 None Available
Gonzalez Leonardo A $355,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Escobar Harold $562,500
Previous Owner Gonzalez Leonardo A $389,513
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2022 08/17/22 Sold $750,000 0.0% $250 / Sq Ft
06/28/2022 06/28/22 Pending -- -- --
06/23/2022 06/23/22 For Sale $749,900 0.0% $250 / Sq Ft
03/17/2014 03/17/14 Rented $1,000 0.0% --
03/17/2014 03/17/14 For Rent $1,000 -- --
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 $6,265 $711,900 $127,300 $584,600
2024 $6,239 $674,500 $133,800 $540,700
2023 $5,409 $532,400 $129,200 $403,200
2022 $5,183 $453,100 $121,800 $331,300
2021 $4,974 $405,400 $121,800 $283,600
2020 $4,573 $367,900 $101,500 $266,400
2019 $4,430 $323,800 $75,400 $248,400
2018 $4,033 $281,600 $68,200 $213,400
Source: Public Records

Agents Affiliated with this Home

  • Treetop Realty Group

    Seller's Agent in 2022

    Treetop Realty Group

    Keller Williams Realty

    (781) 205-6099

    10 in this area

    254 Total Sales

    Treetop Realty Group
    Section Image
  • Maria Pena

    Buyer's Agent in 2022

    Maria Pena

    Pena Realty Corporation

    (617) 201-0030

    1 in this area

    154 Total Sales

    Maria Pena
    Section Image
  • Mary Koontz-Daher

    Seller's Agent in 2014

    Mary Koontz-Daher

    Weichert Realtors' Daher Companies

    (978) 265-8456

    11 in this area

    166 Total Sales

    Mary Koontz-Daher
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73002601

MLS Property Information Network (MLS PIN)

APN: 90 90 1

Massachusetts Essex County Lawrence 01841 Prospect Hill-Back Bay

247 Prospect St, Lawrence, MA

Not Listed for Sale

MultiFamily

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