NOT LISTED FOR SALE

Estimated Value: $842,000 - $983,415

11 Beds
3 Baths
3,792 Sq Ft
$244/Sq Ft Est. Value

Last Sold June 12, 2019

Last sale price $507,000 $134 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $5,417/month

36 Days on Market

About This Home

As of June 2019

Merrimack Valley, South Lawrence Multi-family property available for investors, potential owner-occupants looking for buy and hold rental investment with potential cap rate 10%+ return featuring: a total lot size of 6,435 sqft with 6-8 paved outdoor parking spaces/grass backyard, gross indoor area of 5460 sqft with living area of 3,792 sqft throughout three floors, well-maintained 18 total rooms, 9-11 bedrooms, 3 full baths, baseboard gas heating with new heating systems. Location is settled very close to highway I-93/I-495 for access to greater Boston, MA or NH urban satellite cities. Sold as-is condition, no FHA loans, must be conventional or commercial loan if financed.

Last Agent to Sell the Property

Brian Rivas

Carlton's Wharf & Co. Listed on: 03/12/2019

Last Buyer's Agent

Yanelys Martinez

LAER Realty Partners

LAER Realty Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,540

Year Built

  • Built in 1900

Lot Details

  • 6,534

Flooring

  • Wood
  • Laminate
  • Vinyl

Utilities

  • Natural Gas Water Heater

Additional Features

  • Basement

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,540

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Actual
  • List Price Per Sq Ft: 139.77
  • Comp Based On: Net Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1900

Interior Features

  • Flooring: Wood, Vinyl, Laminate
  • Total Flrs: 6
  • No Bedrooms: 11
  • Total Brs: 11
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 18
  • Basement: Y
  • Basement Features: Full, Interior Access, Concrete Floor, Unfinished Basement
  • Main Lo: AN2814
  • Main So: NB5012
  • Estimated Sq Ft: 3792.00

Exterior Features

  • Roof Material: Rubber
  • Exterior: Vinyl
  • Foundation: Fieldstone, Brick

Garage/Parking

  • Parking Feature: Off-Street, Rented, Assigned, Paved Driveway
  • Parking Spaces: 6

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 220 Volts, Individually Metered
  • Hot Water: Natural Gas

Lot Info

  • Assessments: 404100.00
  • Acre: 0.15
  • Lot Size: 6345.00
  • Page: 344
  • Zoning: 105m
  • Lot Description: Paved Drive, Level

Green Features

  • Energy Features: Insulated Windows

Multi Family

  • Total Levels: 3
  • Total Rent: 5100
  • Total Rms: 18
  • No Units: 3
  • Mf Type: 3 Family - 3 Units Up/Down

Tax Info

  • Taxes: 5528.09
  • Assessor Parcel Number: 4549996

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2019
Closed on
Jun 11, 2019
Sold by
Santiago Reina
Bought by
Granillos Jose S
Seller's Agent
Brian Rivas
Carlton's Wharf & Co.
Buyer's Agent
Yanelys Martinez
LAER Realty Partners
List Price
$530,000
Sold Price
$507,000
Premium/Discount to List
-$23,000
-4.34%
Current Estimated Value
$925,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,354
Avg. Annual Appreciation
9.73%
Original Mortgage
$380,250
Outstanding Balance
$334,333
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$591,021

Purchase Details

Closed on
May 27, 2016
Sold by
La Belle Maison Llc
Bought by
Santiago Reina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,875
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2015
Sold by
Nationstar Mortgage Ll
Bought by
La Belle Maison Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,100
Interest Rate
3.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 21, 2015
Sold by
Raposo Wilson and Nationstar Mortgage Ll
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Jul 15, 2011
Sold by
Kronos Props Llc
Bought by
Raposo Wilson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,927
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 9, 2008
Sold by
Aurora Loan Svcs Llc
Bought by
Kronos Prop Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,040
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2007
Sold by
Concepcion Rafael
Bought by
Aurora Loan Svcs Llc

Purchase Details

Closed on
Jan 23, 2006
Sold by
Deoliveira James and Deoliveira Ester M
Bought by
Concepcion Rafael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Granillos Jose S $507,000 --
Santiago Reina $372,500 --
La Belle Maison Llc $251,600 --
Nationstar Mortgage Llc $306,000 --
Raposo Wilson $279,000 --
Kronos Prop Llc $152,000 --
Aurora Loan Svcs Llc $265,000 --
Concepcion Rafael $410,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Granillos Jose S $380,250
Previous Owner Santiago Reina $353,875
Previous Owner La Belle Maison Llc $260,100
Previous Owner Raposo Wilson $271,927
Previous Owner Kronos Prop Llc $232,040
Previous Owner Concepcion Rafael $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2019 06/12/19 Sold $507,000 -4.3% $134 / Sq Ft
04/17/2019 04/17/19 Pending -- -- --
04/01/2019 04/01/19 For Sale $530,000 0.0% $140 / Sq Ft
03/19/2019 03/19/19 Pending -- -- --
03/12/2019 03/12/19 For Sale $530,000 -- $140 / 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 $6,540 $743,200 $111,300 $631,900
2024 $6,566 $709,800 $120,400 $589,400
2023 $6,512 $640,900 $111,700 $529,200
2022 $6,430 $562,100 $101,200 $460,900
2021 $6,083 $495,800 $101,200 $394,600
2020 $5,570 $448,100 $96,000 $352,100
2019 $5,528 $404,100 $79,800 $324,300
2018 $5,328 $372,100 $75,600 $296,500
2017 $4,904 $319,700 $71,400 $248,300
2016 $4,637 $299,000 $58,800 $240,200
2015 $4,551 $301,000 $58,800 $242,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72464191

MLS Property Information Network (MLS PIN)

APN: LAWR-000159-000000-000008-000001-000001