28 days on rocket

Backup Offers

35-37 Falmouth St, Lawrence, MA, 01843

$1,200,000

Home List Price

$10,000*

Closing Credit

12 Bedrooms
6 Full Baths
4,620 SqFt
$260/SqFt
Multi
Schools Nearby

Location

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35-37 Falmouth St, Lawrence$1,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOff Street
Year Built1920
HeatingBaseboard, Natural Gas
CoolingNone
BasementYes
MLS #73217929
Lot Size0.13 Acres
StatusAccepting Backup Offers
(Contingent)

About 35-37 Falmouth St

Don't miss this opportunity to purchase 6 units located just over the North Andover line in South Lawrence. This building is comprised of six 2 bed 1 bath units, half of which have been fully renovated. These renovations include, but are not limited to, new kitchens, bathrooms, flooring, paint and windows. All of the units have boasted high rental demand because of the off street parking spaces, impeccable location to I-495 and other forms of public transportation. Additional income can be generated by providing 1 off-street parking space per unit and renting out the rest to local commuters or residents. Other major renovations include new roof, new soffits, freshly poured basement floor, rebuilt front porch and rebuilt side porches for all three levels.

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Living Area: 4,620 SqFt

Listing Office:

  • Office Name: J. Borstell Real Estate, Inc.
  • Listing Agent: Jack Mantville

Interior Features

Interior Information:

  • Appliances: Range, Microwave, Refrigerator, Freezer
  • Basement: Yes
  • Flooring Type: Wood, Tile, Vinyl, Varies, Hardwood
  • Interior: Kitchen, Living RM/Dining RM Combo

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 12

Exterior Features

Parking Information:

  • Parking: Off Street

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: 495 to Salem Turnpike to Falmouth Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000
  • Price Per SqFt: $260/SqFt

Agent Commission:

  • Buyer's Agent Commission: 2.0

Tax Information:

  • Annual Amount: $7,791
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lawrence, MA.

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Lawrence, MA

City

Med. Sold Price

$500K

Med. Price/SqFt

$276

Avg. Days On Market

42

# of Sold Homes

12

35-37 Falmouth St vs Lawrence

28 DAYS ON ROCKET

-14 Days

$1,200,000

+$700K More

$260/SqFt

-$16 Less

KEY TAKEAWAY

This property is $700K more than the Median Sold Price and $16/SqFt less than other homes in Lawrence, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73217929

Listing Office:

  • Office Name: J. Borstell Real Estate, Inc.
  • Listing Agent: Jack Mantville

IDX Disclaimer: The property listing data and information 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 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 set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 4/29/2024, 8:25:17 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$7,791$635,000
2020$7,110$572,000
2019$7,021$513,200
2018$6,589$460,100
2017$6,003$391,300

History based on county public records data.

Payment Calculator

$6,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3325079
2
/10

  • South Lawrence East Elementary School

  • 165 Crawford St

  • 0.49 miles

  • Public District Grades 1-4

school-card-donut-3325080
4
/10

  • Robert Frost

  • 33 Hamlet St

  • 0.76 miles

  • Public District Grades KG-4

school-card-donut-3325081
5
/10

  • Thomson

  • 266 Waverley Rd

  • 1.07 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $56,500. The most common annual income of people living in Lawrence, MA is between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Essex County›Lawrence›01843›35-37 Falmouth St

This home is located at 35-37 Falmouth St in Lawrence, MA and zip code 01843. This 4,620 square foot home, which was built in 1920, sits on a 0.13 acre lot. Features: 12 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since April 01, 2024 and is currently priced at $1,200,000.

Lawrence, MA housing market in March 2024 saw over 8 listings sold above listed price, more than 1 sold at listed price and over 3 sold below. The number of homes for sale in Lawrence, MA increased by 14.3% between February 2024 and March 2024. In March 2024, listings were on the market for 42 days. During the same period, the median list price in this real estate market was $500,000.

From Rocket Homes Real Estate and based on county public records data.

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