240 Water St # B, Lawrence MA 01841

Lawrence, MA 01841
$350,000
2
Beds
2.5
Baths
1,054
Sq Ft
$332
Price/Sq Ft
1987
Year Built
2
Parking
124
Days on Market
Sold Listed Nov 1, 2024 • MLS# 73308822 Copied! • Updated Apr 1, 2025

Track this home for price, status, and open-house alerts.

Sale Statistics

Sale Overview
Original List Price: $299,900
Final Sale Price: $350,000
Difference: +$50,100 (+16.7%)
Performance Metrics
116.7%
List to Sale Ratio
Sold above asking price
124
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $285
Sale $/sq ft: $332
This property sold for $332 per square foot
Sale Summary

This property sold for 16.7% above the original asking price, indicating strong buyer demand.

At 124 days on market, this property took longer than average to sell.

About this home

Welcome to Riverside Condominiums! This beautiful, maintained townhome has so much to offer. 2 spacious bedrooms and 2.5 bathrooms, half bath with laundry. This unit is ready for its new owners! Finished basement Plus a bonus space. Two deeded Parking spaces. Easy access to route 93 & route 495.

BMN Estimate

Get the number an algorithm can't give you

A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

Recently Sold Nearby

Property History

Market Insights

14.3%
Price Range
77
Total Days on Market

Property Timeline

✓
Sold
Mar 31, 2025
$350,000
Property sold
Days on Market: 77
🏠
Listed for Sale
Nov 1, 2024
$299,900
Original listing
Agent: Juan Marte Office: Berkshire Hathaway HomeServices Verani Realty Methuen

Tax History

Year Taxes Assessment
2024 $2,313 $250,100

Financial Details

Annual Property Tax
$2,313
Tax Year 2024
HOA Fee
$273
Monthly
Assessed Value
$250,100

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1987
Living Area 1,054 sq ft
Bedrooms 2
Full Baths 2
Half Baths 1
Total Rooms 5

Interior

Heating Steam, Natural Gas
Cooling Window Unit(s)
Flooring None
Appliances None
Fireplace None
Basement Y
Laundry First Floor
Features Bonus Room

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Total Spaces 2
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $2,313
Assessed Value $250,100

HOA & Community

HOA Fee $273 Monthly
Fee Includes Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
Amenities None
Optional Fee Includes None
Seller Disclosures Buyer/buyers Agent To Verify All Information. Agent Has An Ownership Interest.
Possession None
Accepted Financing None
Structure Type ["Townhouse"]
Unit/Building B
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 77 days

Property Overview

Property Type
Condominium
Listing Type
Sold
Year Built
1987
Bedrooms
2
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,054 sq ft
Total Rooms
5
Stories
2
Entry Level
1

Floor Layout

Interior Features

Flooring:
Appliances:
Interior Features: Bonus Room
Windows:
Basement: Y
Laundry: First Floor
Security:

Construction & Materials

Year Built: 1987
Structure Type: Townhouse
Exterior Materials:
Roof:
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Steam, Natural Gas
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features:
School District
Lawrence School District local
D
🎓 Where Graduates Go Class of 2021
36% attend college
14% 4-Year 23% 2-Year 3% Out of State 2% Working
✓ School Safety 2024-25
2.2% Average
2.2% Suspensions 1.1% In-School
↓ 3.3% below state avg
E

Elementary Schools

3 schools
James F Hennessey School
0.2 mi
290 students Less Diverse
Grades PK-02
D
Gerard A. Guilmette School
0.2 mi | #776 of 825 | Score: 30.7
Improved 39 spots from last year
-27.5 below state avg
506 students Less Diverse
Grades 01-04
C+
Emily G Wetherbee School
0.4 mi | #236 of 352 | Score: 37.4
Same rank as last year
-20.8 below state avg
468 students Less Diverse
Rising School Strong Attendance
Grades K-08
M

Middle Schools

3 schools
C-
Guilmette Middle School
0.2 mi | #299 of 352 | Score: 31.8
Dropped 1 spots from last year
-26.5 below state avg
451 students Less Diverse
Grades 05-08
D
Alexander B Bruce School
0.5 mi | #330 of 352 | Score: 28.1
Improved 9 spots from last year
-30.1 below state avg
431 students Less Diverse
Grades 03-08
Blessed Stephen Bellesini O.S.A. Academy
0.8 mi
Grades 05-08
H

High Schools

3 schools
B
High School Learning Center
0.7 mi | #172 of 346 | Score: 71.1
Dropped 128 spots from last year
158 students Less Diverse
Career Tech Programs College Ready Curriculum
Grades 09-12
Central Catholic High School
1.0 mi
21 sports • 2,718 athletes
Strong Athletics
Grades 09-12
B+
Greater Lawrence Regional Vocational Technical School
1.2 mi | #137 of 346 | Score: 57.4
Improved 12 spots from last year
-0.9 below state avg
1,893 students Moderate
High Graduation Rate Rising School Career Tech Programs College Ready Curriculum
Grades 09-12
Learn about these ratings

Location

Loading map...

Neighborhood

240 Water St # B, Lawrence MA 01841

Lawrence, MA 01841

Listing Information

Listing Agent Juan Marte
Listing Office Berkshire Hathaway HomeServices Verani Realty Methuen
Office Phone 978-687-8484
Agent MLS ID G8000803
Office MLS ID AN7828
Listing Data Updated Apr 1, 2025 3:05 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steve Novak Real Estate
Steve Novak Real Estate
BMN Boston Powered by SERHANT
Ask about this property — free, no obligation.

Similar Homes for Sale

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Lawrence, MA

Real-time market trends and pricing data for this area

Loading market insights for Lawrence.