$800,000
SOLD FEB 22, 2024
9 Beds
3 Baths
4,128 Sq Ft
3,750 Sq Ft Lot

Recently Sold

$194 Per Sq Ft

90% Below List Price

18 Days on Market

Highlights

  • Medical Services
  • Deck
  • Wood Flooring
  • City View
  • Property is near public transit
  • Shops

About This Home

As of February 2024

Methuen-Lawrence line location. Centrally located three family house with separate utilities. Each apartment has three bedrooms. Three separate electric break systems. Three de-leaded paint certificates. Ideal for owner occupied or investor. Live in one unit while renting the other two units or capitalize the three rental income with the strong rental market in this area. Near to school, Minutes to Train station, college, Hospital, supermarket and shopping center. Easy access to 93 HWY, 495 HWY and 30 minutes to Boston. Seller and Seller agent make no warranties or representations. Buyer and Buyers agent should perform all due diligence. First showing will be during the group showing this Wednesday January 10-2024 form 4:30 pm to 6:00 pm. Accompany group showing Please don't send buyer alone.

Last Agent to Sell the Property

Francisco Cruz

Francisco Cruz Real Estate Listed on: 12/27/2023

Last Buyer's Agent

Eridania Reyes

View Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,701

Year Built

  • Built in 1890

Lot Details

  • 3,750 Sq Ft Lot
  • Property fronts an easement
  • Fenced

Home Design

  • Triplex
  • Stone Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 4,128 Sq Ft Home
  • Insulated Windows
  • Insulated Doors
  • City Views
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump
  • Block Basement Construction

Parking

  • 2 Car Parking Spaces
  • Shared Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Public Elementary And Middle School
  • Public High School

Utilities

  • Heating Available
  • Separate Meters
  • 220 Volts
  • 110 Volts
  • 100 Amp Service
  • Natural Gas Connected

Listing and Financial Details

  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Tax Lot 0003
  • Assessor Parcel Number 4737337

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,701

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1890
  • Buyer Agency: 2.0
  • Dual Variable: Yes
  • Transaction Broker: 1.0
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood,Tile,Vinyl,Varies Per Unit,Hardwood,Other, Unit 1(undefined), Unit 3(Hardwood Floors)
  • Interior Amenities: Unit 1(Lead Certification Available,Bathroom With Tub & Shower), Unit 2(Lead Certification Available,Bathroom With Tub & Shower,Other (See Remarks)), Unit 3(Pantry,Lead Certification Available,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Other (See Remarks)), Unit 3 Rooms(Living Room,Dining Room,Kitchen,Other (See Remarks))
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator,Other (See Remarks)), Utility Connections for Gas Range, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Washer Hookup
  • Basement: Full, Partially Finished, Walk-Out Access, Interior Entry, Sump Pump, Concrete
  • Living Area: 4128
  • Spa YN: No
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: AN5843
  • LIST PRICE PER Sq Ft: 193.8
  • PRICE PER Sq Ft: 193.8
  • MAIN SO: AN7777

Exterior Features

  • Exterior Features: Deck,Deck - Wood,Fenced Yard, Unit 2 Balcony/Deck, Unit 3 Balcony/Deck
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Deck, Deck - Wood
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • View: City View(s)
  • View YN: Yes
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Shared Driveway, Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup, Varies per Unit
  • Heating: Unit 1(Hot Water Baseboard,Gas,Individual,Unit Control,Other (See Remarks)), Unit 2(Gas,Individual,Space Heater), Unit 3(Gas,Space Heater)
  • Electric: 110 Volts, 220 Volts, Circuit Breakers, 100 Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public, Individual Meter
  • SEWAGE DISTRICT: LAWR
  • HEAT UNITS: 3
  • Hot Water: Natural Gas, Tank, Separate Booster

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station, University, Other, Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 4737337
  • Zoning: RE
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements, Other
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3750
  • Lot Size Units: Acres
  • PAGE: 19
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5701
  • Tax Block: 0000
  • Tax Book Number: 14369
  • Tax Lot: 0003
  • Tax Map Number: 0194

Multi Family

  • Number Of Units Total: 3
  • 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: 3
  • FLRS 2: 2

MLS Schools

  • High School: Public
  • Elementary School: Public
  • Middle Or Junior School: Public

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 17, 2007
Sold by
Allen William R
Bought by
Allen Ginger and Allen William R
Current Estimated Value
$847,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $640,000 Purchase Money Mortgage
Closed $21,418 FHA
Closed $325,004 FHA
Closed $225,000 Stand Alone Refi Refinance Of Original Loan
Closed $258,000 Purchase Money Mortgage
Previous Owner $200,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2024 02/22/24 Sold $800,000 0.0% $194 / Sq Ft
01/15/2024 01/15/24 Pending -- -- --
12/27/2023 12/27/23 Price Changed $800,000 -90.0% $194 / Sq Ft
12/27/2023 12/27/23 For Sale $8,000,000 +2316.9% $1,938 / Sq Ft
09/03/2015 09/03/15 Sold $331,000 +1.9% $80 / Sq Ft
08/04/2015 08/04/15 Pending -- -- --
07/13/2015 07/13/15 For Sale $324,900 -- $79 / 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 $6,150 $698,900 $101,900 $597,000
2024 $5,557 $600,800 $107,100 $493,700
2023 $5,701 $561,100 $103,400 $457,700
2022 $5,623 $491,500 $97,500 $394,000
2021 $5,335 $434,800 $97,500 $337,300
2020 $4,947 $398,000 $81,200 $316,800
2019 $4,854 $354,800 $60,300 $294,500
2018 $4,749 $331,600 $54,700 $276,900
2017 $4,429 $288,700 $51,800 $236,900
2016 $4,147 $267,400 $40,500 $226,900
2015 $3,975 $262,900 $40,500 $222,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73188963

MLS Property Information Network (MLS PIN)

APN: LAWR-000194-000000-000003-000002-000002