NOT LISTED FOR SALE

501 Andover St Unit 503 Lawrence, MA 01843

South West Neighborhood

Estimated Value: $731,000 - $815,000

7 Beds
3 Baths
3,116 Sq Ft
$247/Sq Ft Est. Value

Last Sold December 30, 2022

Last sale price $700,000 $225 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,732/month

84 Days on Market

Highlights

  • Medical Services
  • Corner Lot
  • Porch
  • Property is near public transit
  • Jogging Path
  • 3-minute walk to Donovan Park

About This Home

As of December 2022

Perfect opportunity for owner occupied in South Lawrence. Large spacious units. Off street parking. Live in the spacious 3 bedroom unit and let the tenants pay your mortgage.

Last Agent to Sell the Property

Tyler Scaglione

Cameron Real Estate Group Listed on: 08/24/2022

Cameron Real Estate Group

Last Buyer's Agent

Patrick Ricot

Neighborhood Assistance

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,753

Year Built

  • Built in 1900

Lot Details

  • 4,800 Sq Ft Lot
  • Corner Lot

Home Design

  • 3,116 Sq Ft Home
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Washer and Electric Dryer Hookup

Parking

  • 3 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • Heating Available
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number M:0138 B:0000 L:0031,4206644

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path

Building Details

  • Net Operating Income $9,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,753

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 2
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 5

Interior Features

  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range), Unit 3(Range), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Living Area: 3116
  • Stories Total: 5
  • MAIN LO: AC0756
  • LIST PRICE PER Sq Ft: 200.55
  • PRICE PER Sq Ft: 224.65
  • MAIN SO: BB4365

Exterior Features

  • Exterior Features: Rain Gutters, Varies per Unit
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup, Varies per Unit
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None)
  • Heating: Unit 1(Hot Water Baseboard,Gas), Unit 2(Hot Water Baseboard,Gas), Unit 3(Hot Water Baseboard,Gas)
  • Cooling Y N: No
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School

Lot Info

  • Parcel Number: M:0138 B:0000 L:0031,4206644
  • Zoning: 3 family
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4800
  • Lot Size Units: Acres
  • PAGE: 132
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5753
  • Tax Book Number: 17500

Multi Family

  • Gross Income: 9600
  • Net Operating Income: 9600
  • 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: 2
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 1986
Bought by
Jts Rt
Current Estimated Value
$758,592
Source: Public Records

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Range of Values:

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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
Jts Rt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abarca Dayanna J $700,000
Closed Abarca Dayanna J $700,000
Closed Bay Flow Llc $480,500
Closed Jts Rt $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2022 12/30/22 Sold $700,000 +12.0% $225 / Sq Ft
11/17/2022 11/17/22 Pending -- -- --
11/11/2022 11/11/22 For Sale $624,900 0.0% $201 / Sq Ft
08/31/2022 08/31/22 Pending -- -- --
08/24/2022 08/24/22 For Sale $624,900 -- $201 / 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 $5,918 $672,500 $101,900 $570,600
2024 $6,060 $655,100 $110,300 $544,800
2023 $6,058 $596,300 $102,300 $494,000
2022 $5,753 $502,900 $92,700 $410,200
2021 $5,026 $409,600 $92,700 $316,900
2020 $4,833 $388,800 $87,900 $300,900
2019 $4,595 $335,900 $73,100 $262,800
2018 $4,306 $300,700 $69,200 $231,500
2017 $3,849 $250,900 $65,400 $185,500
2016 $3,750 $241,800 $53,800 $188,000
2015 $3,680 $243,400 $53,800 $189,600
Source: Public Records

Agents Affiliated with this Home

  • Tyler Scaglione

    Seller's Agent in 2022

    Tyler Scaglione

    Cameron Real Estate Group

    (781) 412-1980

    3 in this area

    506 Total Sales

    Tyler Scaglione
    Section Image

  • P

    Buyer's Agent in 2022

    Patrick Ricot

    Neighborhood Assistance

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73028981

MLS Property Information Network (MLS PIN)

APN: LAWR-000138-000000-000031

Massachusetts Essex County Lawrence 01843 South West

501 Andover St Unit 503, Lawrence, MA

This home is located at 501 Andover St Unit 503, Lawrence, MA 01843 since 24 August 2022 and is currently estimated at $771,207, approximately $247 per square foot. This property was built in 1900. 501 Andover St Unit 503 is a home located in Essex County with nearby schools including John Breen School, School For Exceptional Studies, and Robert Frost Middle School.

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