NOT LISTED FOR SALE

48 Stearns Ave Unit 50 Lawrence, MA 01841

Arlington Neighborhood

Estimated Value: $673,000 - $703,000

9 Beds
4 Baths
2,396 Sq Ft
$289/Sq Ft Est. Value

Last Sold May 20, 2016

Last sale price $370,000 $154 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $4,230/month

22 Days on Market

About This Home

As of May 2016

Wonderful opportunity for investors or first time home buyers. Don't miss this well maintained and spacious two family home in North Lawrence features updated kitchens and counter top, replacement windows, hardwood flooring, separate utilities, and freshly painted. First floor unit has 6 rooms, 3 bedrooms, living room, dinning room, kitchen, one bath and finished lower level for more living space. Second floor unit is Town House style with 9 rooms, 5 bedrooms, and two baths, living room, dinning room, family room, and kitchen. Contact us for more details or to schedule a private showing!!!

Last Agent to Sell the Property

Yanelys Martinez

LAER Realty Partners Listed on: 02/16/2016

LAER Realty Partners

Last Buyer's Agent

Angela Baez

Weichert Realtors' Daher Companies

Weichert Realtors' Daher Companies

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,306

Year Built

1924

Lot Details

0

Listing Details

  • Lot Description: Corner, Paved Drive
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1924

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 16
  • Amenities: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Other (See Remarks)
  • Electric: Circuit Breakers, Other (See Remarks)
  • Flooring: Tile, Wall to Wall Carpet, Hardwood, Other (See Remarks)
  • Basement: Full, Finished, Interior Access, Concrete Floor
  • Total Levels: 3

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Porch, Deck
  • Foundation: Poured Concrete, Fieldstone, Other (See Remarks)

Garage/Parking

  • Parking: Off-Street, Paved Driveway
  • Parking Spaces: 8

Utilities

  • Heat Zones: 3
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Electric Dryer, Washer Hookup
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Assessor Parcel Number: M:0152 B:0000 L:0088
  • Zoning: Res
  • Lot: 0088

Multi Family

  • Foundation: Irr
  • Heat Units: 3
  • Total Bedrooms: 9
  • Total Floors: 3
  • Total Full Baths: 4
  • Total Levels: 3
  • Total Rms: 16
  • Total Rent_1: 2000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2016
Closed on
May 23, 2016
Sold by
Grullon Silvio and Ovalles Maria E
Bought by
Reyes Yudelka M
Seller's Agent
Yanelys Martinez
LAER Realty Partners
Buyer's Agent
Angela Baez
Weichert Realtors' Daher Companies
List Price
$390,000
Sold Price
$370,000
Premium/Discount to List
-$20,000
-5.13%
Current Estimated Value
$685,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$315,937
Avg. Annual Appreciation
6.64%
Original Mortgage
$363,298
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 12, 2013
Closed on
Oct 21, 2013
Sold by
Batista Eurides and Frias Damaris M
Bought by
Grullon Silvio and Ovalles Maria E
Seller's Agent
Angela Baez
Weichert Realtors' Daher Companies
Buyer's Agent
Yanelys Martinez
LAER Realty Partners
List Price
$269,900
Sold Price
$277,000
Premium/Discount to List
$7,100
2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.83%
Original Mortgage
$271,982
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
May 19, 2009
Sold by
Us Bk
Bought by
Batista Eurides

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,973
Interest Rate
4.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2009
Sold by
Jimenez Erika
Bought by
Us Bk

Purchase Details

Closed on
Apr 5, 2005
Sold by
Greer Oria
Bought by
Jimenez Erika

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,800
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 21, 1998
Sold by
Stearns Ave T
Bought by
Greer Oria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 11, 1988
Sold by
Melo Arnaldo
Bought by
Salas Jorge
Source: Public Records

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
Reyes Yudelka M $370,000 --
Grullon Silvio $277,000 --
Batista Eurides $164,900 --
Us Bk $168,000 --
Jimenez Erika $351,000 --
Greer Oria $117,000 --
Salas Jorge $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taveras Kasey A $517,454
Closed Reyes Yudelka M $341,000
Closed Reyes Yudelka M $363,298
Previous Owner Grullon Silvio $271,982
Previous Owner Batista Eurides $126,973
Previous Owner Melo Arnaldo $32,980
Previous Owner Jimenez Erika $280,800
Previous Owner Jimenez Erika $70,200
Previous Owner Greer Oria $170,000
Previous Owner Melo Arnaldo $117,000
Previous Owner Melo Arnaldo $3,510
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2016 05/20/16 Sold $370,000 -5.1% $154 / Sq Ft
03/09/2016 03/09/16 Pending -- -- --
02/16/2016 02/16/16 For Sale $390,000 +40.8% $163 / Sq Ft
10/18/2013 10/18/13 Sold $277,000 +2.6% $116 / Sq Ft
09/18/2013 09/18/13 Pending -- -- --
08/12/2013 08/12/13 For Sale $269,900 -- $113 / 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 $5,306 $602,900 $135,700 $467,200
2024 $4,839 $523,100 $100,300 $422,800
2023 $5,103 $502,300 $97,900 $404,400
2022 $5,990 $523,600 $97,900 $425,700
2021 $5,809 $473,400 $97,900 $375,500
2020 $5,730 $461,000 $88,000 $373,000
2019 $5,374 $392,800 $79,100 $313,700
2018 $4,907 $342,700 $68,100 $274,600
2017 $4,636 $302,200 $67,300 $234,900
2016 $4,312 $278,000 $49,000 $229,000
2015 $3,964 $262,200 $49,000 $213,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71960080

MLS Property Information Network (MLS PIN)

APN: LAWR-000152-000000-000088