NOT LISTED FOR SALE

87 Alder St Lawrence, MA 01841

Arlington Neighborhood

Estimated Value: $497,835 - $695,000

6 Beds
3 Baths
2,496 Sq Ft
$246/Sq Ft Est. Value

Last Sold March 26, 2020

Last sale price $317,030 $127 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $3,746/month

9 Days on Market

About This Home

As of March 2020

Three family centrally located. Consists of 3 - two bedroom units with kitchens with pantries, large living rooms and bedrooms. Tenant paid utilities all separate (heat, hot water and electric), lead paint certificates. New heat in 2015 and off street parking for two. Great cash flowing property, $48,000 per year gross rental income. Owner occupy and get help with the mortgage from tenants or buy and hold for a great cashflow opportunity. Seller offering $9,000 credit towards roof replacement.

Last Agent to Sell the Property

The Forzese Group

RE/MAX On The River, Inc. Listed on: 12/12/2019

Co-Listed By

Shamus Quirk

Realty One Group Nest

Last Buyer's Agent

Zuleem Garcia

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,816

Year Built

  • Built in 1900

Lot Details

  • 1,307

Flooring

  • Wood
  • Tile
  • Vinyl

Utilities

  • Natural Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:0171 B:0000 L:0076 1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,816

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Commission: 2.00
  • Other Agent: 2.00
  • Seller Agency: 2.00
  • Sub-Agency Relationship Offered: Yes
  • Insc: 1742
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 142.23
  • Comp Based On: Net Sale Price
  • Year Built: 1900
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Flooring: Tile, Vinyl, Hardwood
  • Total Flrs: 7
  • No Bedrooms: 6
  • Total Brs: 6
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 12
  • Basement: Y
  • Basement Features: Full
  • Main Lo: C95039
  • Main So: G95022
  • Estimated Sq Ft: 2496.00

Exterior Features

  • Construction: Frame
  • Roof Material: Tar & Gravel
  • Exterior: Vinyl
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric: 450
  • Sewer: 820
  • Electric Features: Individually Metered
  • Hot Water: Natural Gas

Lot Info

  • Assessments: 273200.00
  • Acre: 0.03
  • Lot Size: 1320.00
  • Page: 144
  • Parcel Number: M:0171 B:0000 L:0076 1
  • Zoning: R
  • Lot Description: Level

Multi Family

  • APOD Available: Yes
  • Heat Units: 3
  • Total Levels: 3
  • Total Rent: 4000
  • Total Rms: 12
  • No Units: 3
  • Mf Type: 3 Family

Tax Info

  • Taxes: 3737.00
  • Assessor Parcel Number: 4467993

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2019
Closed on
Mar 18, 2020
Sold by
Tabi Moses N and Kangethe Hildah R
Bought by
Jean and Jacques Ernest
Seller's Agent
The Forzese Group
RE/MAX On The River, Inc.
Buyer's Agent
Zuleem Garcia
eXp Realty
List Price
$355,000
Sold Price
$317,030
Premium/Discount to List
-$37,970
-10.7%
Current Estimated Value
$613,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$296,929
Avg. Annual Appreciation
13.02%
Original Mortgage
$237,772
Outstanding Balance
$212,455
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$401,504

Purchase Details

Listed on
Dec 7, 2016
Closed on
Mar 30, 2017
Sold by
Kennedy John F
Bought by
Tabi Moses N and Kangethe Hildah R
Seller's Agent
James Yannios
Yannios R E Investment Sales
Buyer's Agent
The Forzese Group
RE/MAX On The River, Inc.
List Price
$269,900
Sold Price
$245,000
Premium/Discount to List
-$24,900
-9.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.00%
Original Mortgage
$240,562
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 24, 2004
Sold by
Garcia Ana P and Garcia Eugenio
Bought by
Kennedy John F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Jean $317,030 None Available
Tabi Moses N $245,000 --
Kennedy John F $252,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jean $237,772
Previous Owner Tabi Moses N $240,562
Previous Owner Kennedy John F $260,000
Previous Owner Kennedy John F $202,000
Previous Owner Kennedy John F $50,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2020 03/26/20 Sold $317,030 -10.7% $127 / Sq Ft
12/21/2019 12/21/19 Pending -- -- --
12/12/2019 12/12/19 For Sale $355,000 +44.9% $142 / Sq Ft
03/30/2017 03/30/17 Sold $245,000 -9.2% $98 / Sq Ft
02/08/2017 02/08/17 Pending -- -- --
12/07/2016 12/07/16 For Sale $269,900 -- $108 / 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 $4,816 $547,300 $76,000 $471,300
2024 $4,530 $489,700 $79,900 $409,800
2023 $4,643 $457,000 $77,200 $379,800
2022 $4,364 $381,500 $72,700 $308,800
2021 $4,136 $337,100 $72,700 $264,400
2020 $3,841 $309,000 $60,600 $248,400
2019 $3,737 $273,200 $45,000 $228,200
2018 $3,656 $255,300 $40,800 $214,500
2017 $3,409 $222,200 $38,700 $183,500
2016 $3,194 $205,900 $30,200 $175,700
2015 $3,062 $202,500 $30,200 $172,300
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    The Forzese Group

    RE/MAX

    Section Image
  • Shamus Quirk

    Seller Co-Listing Agent in 2020

    Shamus Quirk

    Realty One Group Nest

    (978) 255-4394

    22 Total Sales

    Section Image

  • Z

    Buyer's Agent in 2020

    Zuleem Garcia

    eXp Realty

    Section Image
  • James Yannios

    Seller's Agent in 2017

    James Yannios

    Yannios R E Investment Sales

    (781) 224-0081

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72600227

MLS Property Information Network (MLS PIN)

APN: LAWR-000171-000000-000076-000001-000001

Massachusetts Essex County Lawrence 01841 Arlington

87 Alder St, Lawrence, MA

This home is located at 87 Alder St, Lawrence, MA 01841 since 12 December 2019 and is currently estimated at $613,959, approximately $245 per square foot. This property was built in 1900. 87 Alder St is a home located in Essex County with nearby schools including Arlington Elementary School, School For Exceptional Studies, and Central Catholic High School.

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.

MLS Property Information Network (MLS PIN) 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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