NOT LISTED FOR SALE

523 Lowell St Unit 2 Methuen, MA 01844

The West End Neighborhood

Estimated Value: $689,000 - $725,948

4 Beds
2 Baths
2,194 Sq Ft
$324/Sq Ft Est. Value

Last Sold May 05, 2017

Last sale price $382,500 $174 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $4,340/month

14 Days on Market

About This Home

As of May 2017

West Methuen 2-family with a great 1st floor unit in need of some light cosmetic refreshing. The unit has been opened up to give it a bright and airy feel. It features 2 bedrooms, a spacious kitchen with a vaulted ceiling dining area and a large living room. There is also a Fujitsu mini split heating and cooling unit and central vac and some hardwood flooring. The 2nd unit features 2 bedrooms, kitchen, living room and a sunroom that could be used for an office or possible 3rd bedroom. It also has hardwood flooring in most rooms. The home has a full basement with a large work bench area, a walk-up attic and a 2 car garage as well.

Last Agent to Sell the Property

Andrew McAloon

Lamacchia Realty, Inc. Listed on: 02/17/2017

Lamacchia Realty, Inc.

Last Buyer's Agent

Chuha & Scouten Team

Leading Edge Real Estate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,226

Year Built

1925

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: 1925

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 10
  • Amenities: Public Transportation, Shopping, Park, Golf Course, Medical Facility, Laundromat, Highway Access, Private School, Public School
  • Electric: Circuit Breakers, 100 Amps
  • Flooring: Wood, Vinyl, Wall to Wall Carpet
  • Basement: Full, Walk Out
  • Total Levels: 2

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Vinyl
  • Foundation: Fieldstone

Garage/Parking

  • Garage Spaces: 2
  • Parking: Off-Street
  • Parking Spaces: 6

Utilities

  • Hot Water: Tankless
  • Utility Connections: for Gas Range, 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:00318 B:00165A L:00094
  • Zoning: RB

Multi Family

  • Cooling Units: 1
  • Foundation: Irreg
  • Heat Units: 2
  • Total Bedrooms: 4
  • Total Floors: 3
  • Total Full Baths: 2
  • Total Levels: 2
  • Total Rms: 10
  • Total Rent_1: 1200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2020
Sold by
Encina Nicolas
Bought by
Encina Patricia and Encina Nicolas
Current Estimated Value
$709,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,000
Outstanding Balance
$282,144
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$427,843

Purchase Details

Closed on
Mar 9, 2019
Sold by
Lehocky Rebecca M and Thompson Matthew J
Bought by
Encina Nicolas and Encina Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,925
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 17, 2017
Closed on
May 5, 2017
Sold by
Luongo Michael A
Bought by
Lehocky Rebecca M and Thomson Matthew J
Seller's Agent
Andrew McAloon
Lamacchia Realty, Inc.
Buyer's Agent
Chuha & Scouten Team
Leading Edge Real Estate
List Price
$389,900
Sold Price
$382,500
Premium/Discount to List
-$7,400
-1.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.50%
Original Mortgage
$375,571
Interest Rate
4.23%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Encina Patricia -- None Available
Encina Patricia -- None Available
Encina Patricia -- None Available
Encina Nicolas $419,900 --
Lehocky Rebecca M $382,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Encina Patricia $319,000
Closed Encina Patricia $319,000
Previous Owner Encina Nicolas $314,925
Previous Owner Lehocky Rebecca M $375,571
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2017 05/05/17 Sold $382,500 -1.9% $174 / Sq Ft
03/03/2017 03/03/17 Pending -- -- --
02/17/2017 02/17/17 For Sale $389,900 0.0% $178 / Sq Ft
11/03/2012 11/03/12 Rented $1,100 0.0% --
11/03/2012 11/03/12 For Rent $1,100 -- --
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 $7,226 $683,000 $186,200 $496,800
2024 $6,433 $592,400 $155,200 $437,200
2023 $6,194 $529,400 $155,200 $374,200
2022 $5,651 $433,000 $127,000 $306,000
2021 $5,393 $408,900 $119,900 $289,000
2020 $5,037 $374,800 $119,900 $254,900
2019 $4,917 $346,500 $112,900 $233,600
2018 $4,046 $311,500 $105,800 $205,700
2017 $3,961 $270,400 $105,800 $164,600
2016 $3,624 $244,700 $91,700 $153,000
Source: Public Records

Agents Affiliated with this Home

  • Andrew McAloon

    Seller's Agent in 2017

    Andrew McAloon

    Lamacchia Realty, Inc.

    (978) 973-6068

    2 in this area

    28 Total Sales

    Andrew McAloon
    Section Image

  • M

    Seller's Agent in 2012

    Marygail Ranaldi

    Mary Gail Realty

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72120151

MLS Property Information Network (MLS PIN)

APN: PEAB M:0026 B:0071-B

Massachusetts Essex County Methuen 01844 The West End

523 Lowell St Unit 2, Methuen, MA

Not Listed for Sale

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