1-3 Colby St, Lawrence MA 01841

Lawrence, MA 01841
$850,000
Est. $4,524/month
6
Beds
3
Baths
3,375
Sq Ft
$252
Price/Sq Ft
0.11
Acres
1900
Year Built
3 Family
Type
15
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73311985

About this home

Welcome to 1-3 Colby Street in Lawrence, MA, an excellent opportunity for both investors and those seeking a convenient living space. This multi-unit property offers functional layouts and great potential, whether you're looking to occupy one of the units or add to your investment portfolio. Each unit features two bedrooms and one full bathroom, providing just the right amount of space for comfortable living. The apartments come equipped with essential appliances, including a range and refrigerator, making the property move-in ready for new tenants or owners. Parking is never a concern here, as each unit has access to a private parking garage, and there are an additional four off-street parking spots available. The lot is paved and fully fenced, offering both convenience and security for residents.

Sale Statistics

Sale Overview
Original List Price: $750,000
Final Sale Price: $850,000
Difference: +$100,000 (+13.3%)
Performance Metrics
113.3%
List to Sale Ratio
Sold above asking price
15
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $222
Sale $/sq ft: $252
This property sold for $252 per square foot
Sale Summary

This property sold for 13.3% above the original asking price, indicating strong buyer demand.

With only 15 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
3 Family
Property Category
Residential Income
Year Built
1900
Bedrooms
6
Full Bathrooms
3
Living Area
3,375 sq ft
Total Rooms
15
Stories
3
Levels
3

Interior Features

Flooring
Other
Has Fireplace
No
Appliances
Range, Refrigerator
Interior Features
Living Room, Kitchen
Basement Details
Full

Exterior & Structure

Construction Materials
See Remarks
Roof
Other
Foundation
Concrete Perimeter
Exterior Features
Other
Fencing
Fenced/Enclosed
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.11 acres
Lot Size
4,934 sq ft
Lot Size Area
0.1100
Road Frontage Type
Public

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Total Non-Garage Parking Spaces
4
Parking Features
Paved Drive, Off Street
Covered Parking Spaces
1

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
60 Amps/Less

Community & HOA

Senior Community
No

Financial & Tax Information

Annual Tax Amount
$6,268
Tax Year
2023
Tax Assessed Value
$677,600
Parcel Number
M:0052 B:0000 L:0057,4200541
Zoning
res
Financial Data Source
Other (See Remarks)

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate

Location

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Neighborhood

1-3 Colby St, Lawrence MA 01841

Lawrence, MA 01841

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $522
Homeowners Insurance $200
PMI $0

Property History

Market Insights

11.8%
Price Range
17
Total Days on Market

Property Timeline

Sold
Dec 23, 2024
$850,000
Property sold
Days on Market: 17
🏠
Listed for Sale
Nov 13, 2024
$750,000
Original listing
Agent: Glorisell Ortega Office: View Real Estate Group

Price & Status History

Date Event Price Change
Nov 13, 2024 New Listing Added $750,000

Market Statistics

Days on Market
15 days
Price per Sq Ft
$252

Tax History

Year Taxes Assessment
2023 $6,268 $677,600

Financial Details

Annual Property Tax
$6,268
Tax Year 2023
Assessed Value
$677,600

Listing Information

Listing Agent Glorisell Ortega
Listing Office View Real Estate Group
Agent MLS ID CN200758
Office MLS ID AN7777

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