198 Prospect Street

Lawrence, MA 01841

$640,000
Last Sold Price
8
Beds
4
Baths
2,623 Sq. Ft.
$244 / Sq. Ft.
2,623
Sq. Ft.
$244
per Sq. Ft.

Description

Welcome to your next home or investment property! This 2 Family home operates as much much more. This home was renovated completely due to fire in 2010 and offers a finished attic, finished basement, private deck for each floor, off street parking, and a fenced in yard. Due to complete renovations roof is from 2010, forced hot air heating system also from 2010 along with tankless water heaters one installed 2010 and the other in 2018. Mini splits air conditioning installed in 1st floor apartment...Welcome to your next home or investment property! This 2 Family home operates as much much more. This home was renovated completely due to fire in 2010 and offers a finished attic, finished basement, private deck for each floor, off street parking, and a fenced in yard. Due to complete renovations roof is from 2010, forced hot air heating system also from 2010 along with tankless water heaters one installed 2010 and the other in 2018. Mini splits air conditioning installed in 1st floor apartment and basement addition. Coin operated washer and dryer in basement brings in extra income! home is in great condition and all units hold great long term tenants. schedule your appointment for the open house today! Offers due by 5pm Monday 12/06/2021
  1. Listed by Rachel De La Cruz • Edward Perez

Property Details for 198 Prospect Street

Town
Lawrence
MLS Area
North Lawrence
Area
MA-Lawrence-North Lawrence, MA-Lawrence
Garage Spaces
0
Parking Spaces
4.00
Parking Spaces Total
4

Location

Listing Courtesy of Edward Perez, Rachel De La Cruz

Sold By Edward Perez, Katherine Lopez-Arias

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LISTING UPDATED: 08/06/2022 07:51 AM

Property Details for 198 Prospect Street

StatusSold
MLS #72923829
Days on Market9
Taxes$4,845 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 2 Family
Year Built1927
CountyEssex County

Location

Listing Courtesy of Edward Perez, Rachel De La Cruz

Sold By Edward Perez, Katherine Lopez-Arias

Add your commute

Building Information for 198 Prospect Street

Stories3Residences2Year Built1927Building Size-Lot Size0.10 AC / 4,370 SF

Payment Calculator

$3,896 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,493

Property Taxes

$404

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 198 Prospect Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Walk/Jog Trails, Medical Facility, Highway Access, Public School
  • Current Financing: FHA
  • Living Area: 2623.0
  • Color: Beige
  • Total Units: 2
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • Grade School: Parthum School
  • Middle School: Parthum School
Features
Interior Features
  • Appliances: Washer, Dryer, Unit 1(Range), Unit 2(Range, Refrigerator), Gas Water Heater, Utility Connections for Gas Range
  • Basement Features: Full, Finished
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Interior Features: Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living RM/Dining RM Combo)
Exterior Features
  • Exterior Features: Balcony, Fruit Trees, Unit 1 Balcony/Deck
  • Exterior Features: Fenced Yard, Balcony, Fruit Trees
  • Fencing: Fenced/Enclosed, Fenced
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: Unit 1(Ductless Mini-Split System)
  • Cooling: Yes
  • Electric: 200+ Amp Service
  • Heating: Unit 1(Forced Air, Gas), Unit 2(Forced Air
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Public Records list house as 3 Bedroom 3 bathroom but 8 bedrooms and 4 bathrooms are observed. Additions and living Sq Footage not updated on public records. Buyer and Buyer agent to do due diligence.
Tax Information
  • Tax ID: M:0089 B:0000 L:0041,4203047
  • Assessments: $394,900
  • Book: 12048
  • Tax Year: 2021
  • Zoning: unk
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • GOI: $43,200.00
  • NOI: $43,200.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 2
Rental Info
Rental Info
  • Total Actual Rent: $4,650.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 198 Prospect Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 198 Prospect Street

Taxable ValueLand$112,300Additions$506,600Total$618,900
Tax Record2024$5,725 ($477 / month)
Home Facts
Baths3Total Finished SqFt2,623 SqFtAbove Grade Finished SqFt2,623 SqFtStories3Lot Size4,370 SqFtStyleDuplexYear Built1927CountyESSEXAPNLAWR M:0089 B:0000 L:0041

Schools near 198 Prospect Street

This home is within Lawrence School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - K to 4
Public - 1 to 12
Public - 5 to 8
Rating
School
Distance
James F Hennessey
PublicPK to 2

Edward F. Parthum
PublicK to 4

School For Exceptional Studies
Public1 to 12

Frost Middle School
Public5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Edward Perez, Rachel De La Cruz

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.