2 months on rocket

350 S Broadway, Lawrence, MA, 01843

$1,200,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
5 Full Baths, 2 Partial
4,052 SqFt
$296/SqFt
Multi
Schools Nearby

Location

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350 S Broadway, Lawrence$1,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved Drive, Off Street
Year Built1880
HeatingNatural Gas
BasementYes
FireplaceWood Burning
MLS #73201130
StatusActive

About 350 S Broadway

Welcome to this unique investment opportunity - a 5-unit multi-family home currently utilized as a 4-unit gem! Situated in a convenient location, this property is a canvas awaiting your transformative touch!! The exterior needs some TLC offering an ideal project for the savvy investor. Inside discover the updated heating systems ensuring comfort and efficiency. The units boast a mix of modernization, with a spacious 3 bedroom, two inviting 2 bedroom apartments, and a cozy 1 bedroom retreat. Each unit offers a comfortable living space embracing a balance of functionality and charm. The outside offers ample parking - a luxury - plus a foundation for another building with garage space below plus a storage shed.This property stands as a promising investment opportunity, combining the appeal of a multi-family home with the potential for value appreciation!! *****24 Hour Notice to show required****

Property Details

Property Features

Property Information:

  • Year Built: 1880
  • Living Area: 4,052 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Verani Realty
  • Listing Agent: Charles McMahon

Interior Features

Interior Information:

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Yes
  • Flooring Type: Wood, Tile, Varies, Hardwood, Carpet
  • Interior: Cathedral/Vaulted Ceilings, Bathroom With Tub, Internet Available - Unknown, Kitchen, Family Room, Laundry Room, Living RM/Dining RM Combo, Dining Room, Living Room
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 5
  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Parking: Paved Drive, Off Street

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000
  • Price Per SqFt: $296/SqFt

Agent Commission:

  • Buyer's Agent Commission: 2.0

Tax Information:

  • Annual Amount: $6,227
  • 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

350 S Broadway vs Lawrence

78 DAYS ON ROCKET

+36 Days

$1,200,000

+$700K More

$296/SqFt

+$20 More

KEY TAKEAWAY

This property is $700K more than the Median Sold Price and $20/SqFt more 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: #73201130

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Verani Realty
  • Listing Agent: Charles McMahon

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: 4/27/2024, 2:25:16 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$6,227$507,500
2020$6,058$487,400
2019$5,439$397,600
2018$5,028$351,100
2017$4,843$315,700

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-1301488
4
/10

  • Robert Frost

  • 33 Hamlet St

  • 0.56 miles

  • Public District Grades KG-4

school-card-donut-1301489
2
/10

  • South Lawrence East Elementary School

  • 165 Crawford St

  • 0.72 miles

  • Public District Grades 1-4

school-card-donut-1301490
5
/10

  • Thomson

  • 266 Waverley Rd

  • 1.25 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 $53,879. Residents of Lawrence, MA typically earn between $35k-100k each year. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Essex County›Lawrence›01843›350 S Broadway

This home is located at 350 S Broadway in Lawrence, MA and zip code 01843. This 4,052 square foot home was built in 1880. Features: 8 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since February 09, 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 inventory of homes for sale in Lawrence, MA between February 2024 and March 2024 increased by 14.3%. In March 2024 median list price was $500,000 and the average listing age was 42 days.

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

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