Seller's Agent in 2024
Patrick Hermans
J. Borstell Real Estate, Inc.
(978) 580-7157
2 in this area
52 Total Sales
71 Elm St Lawrence, MA 01841
North Common NeighborhoodEstimated Value: $703,000 - $1,016,000
12
Beds
6
Baths
6,204
Sq Ft
$143/Sq Ft
Est. Value
Highlights
- Medical Services
- Corner Lot
- Park
- Property is near public transit
About This Home
As of July 2024Great investment opportunity roughly half a mile from Lawrence general and walking distance to Essex Street. Boasting 6 very large, separately metered 2-bedroom units, all with mirroring layouts and lead certs. Some off street parking along the side of the building is available for tenant use. The property has a full walkout and well kept basement with updated systems and a storage/work area for property maintenance. Rents are all well below market for the area and the building's bones and systems are great. This property is set up to be a fantastic cash flowing and low headache addition to any investors portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,372
Year Built
- Built in 1920
Lot Details
- 3,566 Sq Ft Lot
- Corner Lot
Home Design
- Stone Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 6,204 Sq Ft Home
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Full Bathrooms
Parking
- 6 Car Parking Spaces
- Off-Street Parking
Additional Features
- Property is near public transit
- 6 Heating Zones
Listing and Financial Details
- Total Actual Rent $8,800
Community Details
Overview
- 6 Units
- Property has 1 Level
Amenities
- Medical Services
Recreation
- Park
Building Details
- Electric Expense $528
- Water Sewer Expense $4,366
- Operating Expense $4,894
- Net Operating Income $86,306
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 27, 2019
Closed on
Jun 7, 2019
Sold by
Mcclellan Adam
Bought by
Flo Properties Llc
Seller's Agent
Johan Lopez
Home Shop Properties, Inc.
Buyer's Agent
Patrick Hermans
J. Borstell Real Estate, Inc.
List Price
$689,000
Sold Price
$700,000
Premium/Discount to List
$11,000
1.6%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,333
Avg. Annual Appreciation
3.86%
Purchase Details
Listed on
Feb 27, 2019
Closed on
Apr 3, 2019
Sold by
I & J Properties Llc
Bought by
Mcclellan Adam
Seller's Agent
Johan Lopez
Home Shop Properties, Inc.
Buyer's Agent
Patrick Hermans
J. Borstell Real Estate, Inc.
List Price
$689,000
Sold Price
$700,000
Premium/Discount to List
$11,000
1.6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
4%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Mar 23, 2018
Sold by
Perdomo Investments Ll
Bought by
I & J Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
4.32%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 2, 2016
Sold by
Wild Horse Realty Inv
Bought by
Perdomo Investments Ll
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,600
Interest Rate
3.45%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 31, 2012
Closed on
Dec 24, 2012
Sold by
Frias 3Rd Gumercindo
Bought by
Wild Horse Realty Inv
Seller's Agent
Jessica Sherman-Anderson
RE/MAX Encore
Buyer's Agent
Jessica Sherman-Anderson
RE/MAX Encore
List Price
$124,900
Sold Price
$120,000
Premium/Discount to List
-$4,900
-3.92%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.13%
Purchase Details
Closed on
Mar 27, 2012
Sold by
Willwerth Wade and Deustche Bk Natl T Co
Bought by
Deustche Bk Natl T Co
Purchase Details
Closed on
Nov 15, 2004
Sold by
Willwerth Wade and Willwerth
Bought by
Hanley Rt and Willwerth
Purchase Details
Closed on
Dec 15, 2003
Sold by
Hanley Rt and Willwerth
Bought by
Willwerth Wade and Willwerth
Purchase Details
Closed on
May 16, 2002
Sold by
Iannuccillo Mario A
Bought by
Wilwerth Wade J
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Flo Properties Llc | -- | -- | |
| Flo Properties Llc | -- | -- | |
| Mcclellan Adam | -- | -- | |
| Mcclellan Adam | -- | -- | |
| Mcclellan Adam | -- | -- | |
| I & J Properties Llc | $300,000 | -- | |
| I&J Properties Llc | $300,000 | -- | |
| Perdomo Investments Ll | $228,500 | -- | |
| Wild Horse Realty Inv | -- | -- | |
| Frias 3Rd Gumercindo | $120,000 | -- | |
| Deustche Bk Natl T Co | $103,175 | -- | |
| Deustche Bk Natl T Co | $103,175 | -- | |
| Hanley Rt | -- | -- | |
| Hanley Rt | -- | -- | |
| Willwerth Wade | -- | -- | |
| Willwerth Wade | -- | -- | |
| Hanley Rt | -- | -- | |
| Willwerth Wade | -- | -- | |
| Wilwerth Wade J | $180,000 | -- | |
| Wilwerth Wade J | $180,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ashraf Riaz T | $400,000 | |
| Closed | Ashraf Riaz T | $200,000 | |
| Previous Owner | Mcclellan Adam | $525,000 | |
| Previous Owner | I&J Properties Llc | $480,000 | |
| Previous Owner | Perdomo Investments Ll | $365,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2024 07/31/24 | Sold | $1,125,000 | 0.0% | $181 / Sq Ft |
| 05/10/2024 05/10/24 | Pending | -- | -- | -- |
| 05/08/2024 05/08/24 | For Sale | $1,125,000 | +60.7% | $181 / Sq Ft |
| 04/30/2019 04/30/19 | Sold | $700,000 | +1.6% | $115 / Sq Ft |
| 03/06/2019 03/06/19 | Pending | -- | -- | -- |
| 02/27/2019 02/27/19 | For Sale | $689,000 | +474.2% | $113 / Sq Ft |
| 12/21/2012 12/21/12 | Sold | $120,000 | -3.9% | $39 / Sq Ft |
| 11/21/2012 11/21/12 | Pending | -- | -- | -- |
| 10/31/2012 10/31/12 | For Sale | $124,900 | -- | $41 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $5,444 | $618,600 | $82,200 | $536,400 |
| 2024 | $5,039 | $544,800 | $86,400 | $458,400 |
| 2023 | $5,164 | $508,300 | $83,400 | $424,900 |
| 2022 | $4,746 | $414,900 | $78,600 | $336,300 |
| 2021 | $4,497 | $366,500 | $78,600 | $287,900 |
| 2020 | $4,176 | $336,000 | $65,500 | $270,500 |
| 2019 | $4,004 | $292,700 | $48,700 | $244,000 |
| 2018 | $3,917 | $273,500 | $44,100 | $229,400 |
| 2017 | $3,651 | $238,000 | $41,800 | $196,200 |
| 2016 | $3,423 | $220,700 | $32,700 | $188,000 |
| 2015 | $3,281 | $217,000 | $32,700 | $184,300 |
Source: Public Records
Agents Affiliated with this Home
-
Patrick Hermans
-
Israel Reyes
Buyer's Agent in 2024
Israel Reyes
Hancock Realty Group LLC
(409) 763-6830
1 in this area
18 Total Sales
-
J
Seller's Agent in 2019
Johan Lopez
Home Shop Properties, Inc.
-
Jessica Sherman-Anderson
Seller's Agent in 2012
Jessica Sherman-Anderson
RE/MAX
(978) 808-8282
17 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73234720
APN: LAWR-000108-000000-000097-000002-000002
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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