NOT LISTED FOR SALE

472 Lowell St Unit 474 Lawrence, MA 01841

Tower Hill Neighborhood

Estimated Value: $749,919 - $865,000

8 Beds
3 Baths
3,267 Sq Ft
$244/Sq Ft Est. Value

Last Sold April 19, 2024

Last sale price $750,000 $230 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,997/month

9 Days on Market

About This Home

As of April 2024

Welcome to 474 Lowell St in Lawrence, MA! This large 2-family home boasts additional space in the basement and third floor , offering versatility and potential for various living arrangements or investment opportunities Situated on a generous lot, this property features plenty of off-street parking, ensuring convenience for residents and guests alike. With the current owners having resided here for 32 years, the pride of ownership shines throughout the property, reflecting a well-maintained and cared-for home.

Last Listed By

Homegrown Realty Team

Citylight Homes LLC Listed on: 02/16/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,354

Year Built

  • Built in 1900

Lot Details

  • 5,462 Sq Ft Lot
  • Corner Lot

Interior Spaces

  • 3,267 Sq Ft Home
  • Granite Flooring
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Parking

  • 10 Car Parking Spaces
  • Driveway
  • Open Parking

Listing and Financial Details

  • Total Actual Rent $4,200
  • Assessor Parcel Number M:0207 B:0000 L:0042,4211329

Community Details

Overview

  • 2 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $50,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,354

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 1
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 8
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Partially Finished
  • Living Area: 3267
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN6617
  • LIST PRICE PER Sq Ft: 229.57
  • PRICE PER Sq Ft: 229.57
  • MAIN SO: AN6420

Exterior Features

  • Foundation Details: Granite
  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0207 B:0000 L:0042,4211329
  • Zoning: R
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5462
  • Lot Size Units: Acres
  • PAGE: 193
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6354
  • Tax Book Number: 3269

Multi Family

  • Gross Income: 50400
  • Net Operating Income: 50400
  • Number Of Units Total: 2
  • Total Actual Rent: 4200
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 1991
Sold by
Guilmette Bertrand
Bought by
Ortiz Jose R
Total Days on Market
9
Current Estimated Value
$795,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,636
Interest Rate
9.39%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
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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
Ortiz Jose R $126,800 --
Ortiz Jose R $126,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez-Agustin Aldo L $736,415
Closed Lopez-Agustin Aldo L $736,415
Closed Ortiz Jose R $66,000
Closed Ortiz Jose R $31,000
Closed Ortiz Jose R $10,000
Closed Ortiz Jose R $248,000
Closed Ortiz Jose R $10,500
Closed Ortiz Jose R $126,636
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2024 04/19/24 Sold $750,000 0.0% $230 / Sq Ft
02/26/2024 02/26/24 Pending -- -- --
02/23/2024 02/23/24 Price Changed $750,000 -6.1% $230 / Sq Ft
02/16/2024 02/16/24 Price Changed $799,000 -90.0% $245 / Sq Ft
02/16/2024 02/16/24 For Sale $7,990,000 -- $2,446 / 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 $6,773 $769,700 $124,800 $644,900
2024 $6,354 $686,900 $120,700 $566,200
2023 $6,578 $647,400 $105,700 $541,700
2022 $5,773 $504,600 $98,200 $406,400
2021 $5,605 $456,800 $98,200 $358,600
2020 $5,267 $423,700 $83,200 $340,500
2019 $5,226 $382,000 $72,000 $310,000
2018 $5,076 $354,500 $68,800 $285,700
2017 $4,584 $298,800 $66,400 $232,400
2016 $4,667 $300,900 $47,200 $253,700
2015 $4,407 $291,500 $47,200 $244,300
Source: Public Records

Agents Affiliated with this Home

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73202919

MLS Property Information Network (MLS PIN)

APN: LAWR-000207-000000-000042