NOT LISTED FOR SALE

6 Hobson St Unit 6A Lawrence, MA 01841

Tower Hill Neighborhood

Estimated Value: $655,000 - $755,000

6 Beds
3 Baths
3,050 Sq Ft
$230/Sq Ft Est. Value

Last Sold June 12, 2017

Last sale price $380,000 $125 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $4,151/month

155 Days on Market

About This Home

As of June 2017

Investors and owner-occupiers take notice. This 3-family sits almost atop Tower Hill, on a corner lot, with fantastic views. Perhaps more important, this Multifamily in Lawrence makes money. 3 Units, each with their own Entrances, Exits, and Utilities, (heating system in Unit #2 is brand new). Individual Dual-Laundry Hookups in the basement as well. With a total of 6 bedrooms, allow this income-producer to take care of your mortgage, or serve as a revenue stream. The current owner has generally had tenants stay for 5-6 years at a time; Units #2 and #6 are currently unoccupied, while unit #4 is on a month-to-month agreement. 2 Car Detached Garage and additional 4 off-street tandem parking. New Garage Roof, Newer Garage Doors, 2 feet of Attic Insulation. See attached Lead Paint Compliance certificate. Rent is below market value and can easily increased, especially considering the advantages this house has to offer. Opportunity knocks.

Last Agent to Sell the Property

Todd Koss

Realty One Group Next Level Listed on: 11/03/2016

Realty One Group Next Level

Last Buyer's Agent

Raul Ortega

Realty ONE Group Nest

Realty ONE Group Nest

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,704

Year Built

1920

Lot Details

0

Listing Details

  • Lot Description: Corner, Paved Drive, Gentle Slope
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Certified Treated
  • Year Built Description: Approximate
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 15
  • Amenities: Public Transportation, Shopping, Medical Facility, Highway Access
  • Electric: 110 Volts
  • Flooring: Laminate, Hardwood
  • Basement: Partial, Concrete Floor
  • Full Bathrooms: 3
  • Total Levels: 3
  • Main Lo: G62122
  • Main So: G61700
  • Estimated Sq Ft: 3050.00

Exterior Features

  • Construction: Frame
  • Exterior: Wood
  • Exterior Features: Porch, Porch - Enclosed, Deck
  • Foundation: Fieldstone

Garage/Parking

  • Garage Spaces: 2
  • Parking: Off-Street, Tandem
  • Parking Spaces: 4

Utilities

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

Condo/Co-op/Association

  • Total Units: 3

Lot Info

  • Assessor Parcel Number: M:0205 B:0000 L:0026
  • Zoning: n/a
  • Acre: 0.13
  • Lot Size: 5618.00

Multi Family

  • APOD Available: Yes
  • Foundation: 56x26
  • Heating Common: Steam, Gas
  • Heat Units: 3
  • Common Room: Mudroom
  • Total Bedrooms: 6
  • Total Floors: 4
  • Total Full Baths: 3
  • Total Levels: 2
  • Total Rms: 11
  • Total Rent_1: 2050
  • Multi Family Type: 3 Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2016
Closed on
Jul 12, 2017
Sold by
Decubellis Philip C and Decubellis Celeste A
Bought by
Cristian Pedro J and Cristian Mary M
Seller's Agent
Todd Koss
Realty One Group Next Level
Buyer's Agent
Raul Ortega
Realty ONE Group Nest
List Price
$389,900
Sold Price
$380,000
Premium/Discount to List
-$9,900
-2.54%
Current Estimated Value
$701,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,000
Avg. Annual Appreciation
7.48%
Original Mortgage
$391,715
Outstanding Balance
$325,895
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$375,105
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
Cristian Pedro J $380,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cristian Pedro J $391,715
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2017 06/12/17 Sold $380,000 -1.3% $125 / Sq Ft
04/07/2017 04/07/17 Pending -- -- --
03/19/2017 03/19/17 Price Changed $384,900 -1.3% $126 / Sq Ft
11/03/2016 11/03/16 For Sale $389,900 -- $128 / 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 $5,704 $648,200 $125,900 $522,300
2024 $5,587 $604,000 $121,700 $482,300
2023 $5,622 $553,300 $106,600 $446,700
2022 $5,075 $443,600 $99,000 $344,600
2021 $4,815 $392,400 $99,000 $293,400
2020 $4,510 $362,800 $83,900 $278,900
2019 $4,457 $325,800 $72,600 $253,200
2018 $4,455 $311,100 $69,400 $241,700
2017 $3,929 $256,100 $67,000 $189,100
2016 $3,901 $251,500 $47,600 $203,900
2015 $3,692 $244,200 $47,600 $196,600
Source: Public Records

Agents Affiliated with this Home

  • Todd Koss

    Seller's Agent in 2017

    Todd Koss

    Realty One Group Next Level

    (978) 873-3072

    49 Total Sales

    Todd Koss
    Section Image
  • Raul Ortega

    Buyer's Agent in 2017

    Raul Ortega

    Realty ONE Group Nest

    (978) 375-4351

    3 in this area

    45 Total Sales

    Raul Ortega
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72089372

MLS Property Information Network (MLS PIN)

APN: LAWR-000205-000000-000026

Massachusetts Essex County Lawrence 01841 Tower Hill

6 Hobson St Unit 6A, Lawrence, MA

Not Listed for Sale

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