NOT LISTED FOR SALE

256 Middlesex St North Andover, MA 01845

Estimated Value: $854,000 - $933,000

4 Beds
3 Baths
2,933 Sq Ft
$303/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $817,000 $279 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,639/month

5 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Shops
  • North Andover High School Rated A-
  • Porch
  • 4 Car Garage

About This Home

As of August 2023

This captivating 3-family property complete with a garage zoned as General Business, situated on a well-maintained street is a remarkable investment opportunity for homeowners and investors alike which offers a unique blend of residential and general business space. With its prime location and array of amenities this property stands as a testament to the charm and potential of North Andover. Featuring a spacious two-bedroom unit and two cozy one-bedroom units, full basement and full attic and a well maintained outdoor space with plenty of parking. Washer and dryer in the first floor unit as well as the basement. The roof is 8 years young and furnace 5 years. Don’t miss the chance to own an attractive investment with a diverse income stream. Property is currently tenanted - showings will be limited to the Open House. Open House - Friday July 21 4:30-6:00 & Saturday July 22 10:30-12:30.

Last Agent to Sell the Property

Kathryn Messina

Return Realty Group, Inc. Listed on: 07/20/2023

Last Buyer's Agent

Steven Cohen Team

Keller Williams Realty Boston-Metro | Back Bay

Keller Williams Realty Boston-Metro | Back Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,750

Year Built

  • Built in 1906

Lot Details

  • 10,001

Parking

  • 4 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,933 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Dishwasher
  • Washer

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Heating Available
  • 200+ Amp Service

Additional Features

  • Porch
  • 10,001 Sq Ft Lot
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $3,600
  • Assessor Parcel Number M:00009 B:00056 L:00000,2064434

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Additional Features

  • Shops
  • Net Operating Income $43,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,750

Year Built

Built in 1906

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1906
  • Buyer Agency: 2.0
  • Transaction Broker: 0
  • Year Built Details: Actual,Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 5

Interior Features

  • Flooring: Wood,Carpet,Laminate
  • Interior Amenities: Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Refrigerator,Washer,Dryer), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator)
  • Total Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 2933
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: AN4339
  • LIST PRICE PER Sq Ft: 272.72
  • PRICE PER Sq Ft: 278.55
  • MAIN SO: BB5522

Exterior Features

  • Exterior Features: Porch
  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking Spaces: 4
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 12

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Gas), Unit 2(Electric), Unit 3(Electric)
  • Electric: 200+ Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas, Electric

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:00009 B:00056 L:00000,2064434
  • Zoning: GB
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Size Sq Ft: 10001
  • Lot Size Units: Acres
  • PAGE: 260
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7750
  • Tax Book Number: 7362

Multi Family

  • Gross Income: 43200
  • Net Operating Income: 43200
  • Number Of Units Total: 3
  • Total Actual Rent: 3600
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 2
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2012
Sold by
Doherty Jennifer
Bought by
Doherty Jennifer and Doherty Stephen M
Total Days on Market
5
Current Estimated Value
$888,442

Purchase Details

Closed on
Dec 3, 1996
Sold by
Fitzgerald Carl R
Bought by
Doherty Stephen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
7.82%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Doherty Jennifer -- --
Doherty Stephen M $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perry Nicole $612,750
Closed Doherty Stephen M $200,000
Previous Owner Doherty Stephen M $171,000
Previous Owner Doherty Stephen M $152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $817,000 +2.1% $279 / Sq Ft
07/26/2023 07/26/23 Pending -- -- --
07/20/2023 07/20/23 For Sale $799,900 -- $273 / 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
2024 $8,046 $725,500 $281,400 $444,100
2023 $7,750 $633,200 $258,500 $374,700
2022 $7,325 $541,400 $232,100 $309,300
2021 $6,976 $492,300 $211,000 $281,300
2020 $6,507 $473,600 $211,000 $262,600
2019 $6,769 $504,800 $211,000 $293,800
2018 $7,335 $504,800 $211,000 $293,800
2017 $6,178 $432,600 $174,100 $258,500
2016 $5,689 $398,700 $170,800 $227,900
2015 $6,031 $419,100 $181,400 $237,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73138822

MLS Property Information Network (MLS PIN)

APN: NAND-000090-000056