Lynn D'Avolio
Coldwell Banker Residential Brokerage | 801-597-2857 | lynn1@soldbylynn.com

163 Lowell Street, Peabody, MA 01960

Multi-Family

$524,900
Price
$555,000
Sale Price

2
Units
3,713
Approx. GLA
LEGAL 2 Family in a convenient location close to commuter routes and shopping. LONG TIME OWNERS have completed many updates including freshly painted interior, insulated windows, newer roof, vinyl exterior, conversion to gas furnace, updated electrical to name just a few. VERY VERSATILE FLOOR PLAN! Unit 1 is the LARGE main house with beautiful wood floors in terrific shape, 2 full baths, 6 large bedrooms, large eat-in kitchen, wood moldings, OPEN living room/dining room/fr w/elegant wooden mantle over fireplace, and a grand staircase in the gracious foyer reminiscent of a golden age. Washer/drier in lg basement with GREAT storage. Additional unit on 3rd floor needs renovation ( 2br & 1 bath). Large backyard perfect for play, entertaining or just enjoying the out of doors. 6+ off-street parking spots. This home is zoned residential but has some commercial uses Allowed by Right or by Special Permit. GREAT POTENTIAL FOR BUSINESS AT HOME OR OTHER USES!!
Highlights
Sale Price: $555,000
Settled Date: 11/28/2016 12:00:00 AM
Basement Features: Full, Interior Access, Unfinished Basement
List Price: $524,900
Type: Multi-Family
Multi-Family Type: 2 Family
Status: Sold
Beds: 8
Baths: 3
Units: 2
Year Built: 1900
Approx. GLA: 3,713
MLS#: 72071743
 
 
Interior
Basement: Yes
Electricity Cost: $1,320
Electric Features: Circuit Breakers
Heating Units: 1
Heating Zones: 2
Fireplaces: 1
Rooms: 14
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Acres: 0.87
Lot Size: 37,880.00
Lot Description: Paved Drive, Level
Foundation: Fieldstone
Parking Spaces: 6
Parking Features: Off-Street
Color: white
Roof Material: Asphalt/Fiberglass Shingles
Exterior: Vinyl
Exterior Features: Porch
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $388,600
Taxes: $4,632
Tax Year: 2016
Book/Page: 5993/554
Beach
Beach: No
Expenses
Gross Income: $33,000
Gross Expenses: $6,920
Total Rent: $2,750
Gas Cost: $3,780
Insurance Cost: $1,100
Water Cost: $720
Additional
Disclosure Declaration: No
Disclosure: House is a legal 2 family. 3rd floor is accessory apartment w/separate entrance. Needs repair/remodel. Very rear of property is in FEMA flood zone. No flood insurance has been required of current owner. Electric baseboard heat in the 2 first floor bedrooms. Some commercial potential per zoning
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 11 6 1 1 2 0 No 2
Unit 2 4 2 0 3 1 0 No 1
Units Extras
Unit 1
Rent Includes:  Electric, Water, Hot Water  Applicances:  Wall Oven, Dishwasher, Disposal, Countertop Range, Refrigerator, Vent Hood  Heating:  Hot Water Radiators, Electric, Unit Control  Interior:  Bathroom With Tub & Shower, Hardwood Floors, Picture Window, Ceiling Fans, Cable TV Available, Storage, Fireplace - Wood burning  Rooms:  Living Room, Dining Room, Kitchen, Family Room, Other (See Remarks), Mudroom, Office/Den 
Unit 2
Rent Includes:  Electric, Water, Hot Water  Cooling:  None  Applicances:  Range, Refrigerator  Heating:  Hot Water Radiators, Unit Control  Interior:  Wood Flooring  Rooms:  Kitchen 
Map
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The listing office is Coldwell Banker Residential Brokerage - Lynnfield and the listing agent is Deborah Caniff. 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 it's 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. The data was last modified on 10/16/2017 10:35:00 PM.
 
Lynn D'Avolio
Lynn D'Avolio
Coldwell Banker Residential Brokerage