311 S Broadway Unit 313 Lawrence, MA 01843
South West NeighborhoodEstimated Value: $775,673
6
Beds
4
Baths
5,040
Sq Ft
$154/Sq Ft
Est. Value
About This Home
As of January 2021Location, Location and Location! This is an $66,000 opportunity -- one of the best combination location: one-stone away from major highway #93/#495, neighbor with TD Bank, brand new Cumberland/Gas station right across street. This three units property consists of two over-size three-bedroom apartments on the 2nd and 3rd floor, a more than 2000 sqft restaurant on the first floor. All utilities are separated, each tenants pay their own. Currently each rental apartment pays $1,500 monthly and tenant-at-will. The first floor restaurant pays $2,500 monthly plus its utilities. At the back of building, there is 4~5 parking space. For this location and size apts,, it is easy to rent . It will be great with for owner-use restaurant while collecting $3,000 monthly rents, or living in one apartment collecting $4,000 monthly rents. Per city land use planner, this property is in the B2 zone, it can be used for many commercial use like liquor store or simply convert to 3-family with variance.
Last Agent to Sell the Property
Coldwell Banker Realty - Andovers/Readings Regional Listed on: 09/02/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925
Lot Details
- Year Round Access
Flooring
- Wood
- Tile
Utilities
- Water Holding Tank
- Natural Gas Water Heater
Additional Features
- Basement
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 31, 2024
Sold by
Beato Rafael R and Freedom Mortgage Corp
Bought by
Salguero Management Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$744,842
Interest Rate
6.86%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$29,688
Purchase Details
Listed on
Sep 2, 2020
Closed on
Jan 21, 2021
Sold by
Jun Jin W and Jun Young H
Bought by
Beato Rafael R
Seller's Agent
Mei Zhou
Coldwell Banker Realty - Andovers/Readings Regional
Buyer's Agent
Pedro Calcano
William Raveis R.E. & Home Services
List Price
$595,000
Sold Price
$577,500
Premium/Discount to List
-$17,500
-2.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.88%
Original Mortgage
$567,039
Interest Rate
2.71%
Mortgage Type
FHA
Similar Homes in Lawrence, MA
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
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Salguero Management Llc | $737,000 | None Available | |
| Salguero Management Llc | $737,000 | None Available | |
| Beato Rafael R | $577,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Salguero Management Llc | $750,000 | |
| Closed | Salguero Management Llc | $750,000 | |
| Previous Owner | Beato Rafael R | $567,039 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/22/2021 01/22/21 | Sold | $577,500 | -2.9% | $115 / Sq Ft |
| 01/20/2021 01/20/21 | Pending | -- | -- | -- |
| 10/30/2020 10/30/20 | For Sale | $595,000 | 0.0% | $118 / Sq Ft |
| 10/29/2020 10/29/20 | Pending | -- | -- | -- |
| 09/02/2020 09/02/20 | For Sale | $595,000 | 0.0% | $118 / Sq Ft |
| 12/05/2015 12/05/15 | Rented | $1,500 | 0.0% | -- |
| 11/02/2015 11/02/15 | For Rent | $1,500 | -- | -- |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | -- | $726,200 | $167,900 | $558,300 |
| 2024 | -- | $654,600 | $171,200 | $483,400 |
| 2023 | $0 | $564,700 | $142,800 | $421,900 |
| 2022 | $0 | $477,500 | $130,200 | $347,300 |
| 2021 | $0 | $444,300 | $130,200 | $314,100 |
| 2020 | $0 | $432,000 | $120,800 | $311,200 |
| 2019 | $0 | $370,300 | $106,700 | $263,600 |
| 2018 | $0 | $337,200 | $96,600 | $240,600 |
| 2017 | $0 | $314,600 | $84,000 | $230,600 |
| 2016 | -- | $314,100 | $80,000 | $234,100 |
| 2015 | -- | $311,700 | $80,000 | $231,700 |
Source: Public Records
Agents Affiliated with this Home
-
Mei Zhou
Seller's Agent in 2021
Mei Zhou
Coldwell Banker Realty - Andovers/Readings Regional
(978) 413-6688
2 in this area
82 Total Sales
-
Pedro Calcano
Buyer's Agent in 2021
Pedro Calcano
William Raveis R.E. & Home Services
(781) 588-2169
1 in this area
90 Total Sales
-
Heather Igoe
Seller's Agent in 2015
Heather Igoe
Coldwell Banker Realty - Andovers/Readings Regional
(978) 837-7784
7 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72719246
APN: LAWR-000098-000000-000005
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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.
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