NOT LISTED FOR SALE

Estimated Value: $686,000 - $829,322

12 Beds
3 Baths
3,763 Sq Ft
$207/Sq Ft Est. Value

Sale Details

Date Sold: February 28, 2023

Last sale price $670,000 $178 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,963 / mo

14 Days on Market

Highlights

  • Medical Services
  • Shops
  • Level Lot
  • Property is near public transit and schools
  • Coin Laundry

About This Home

As of February 2023

Perfect investment or owner-occupied opportunity. Spacious 3-family tucked in a back neighborhood just off the main street and it comes w/an empty unit that could be the perfect owner's unit. Building consists of one 3-brdrm, one 4-bdrm and one 5-bdrm unit. All units are separately metered and tenants are responsible for payment of own electric, heat, hot water and cooking. Well maintained property by active owner. All units are lead compliant w/certificates of deleading compliance in hand. Plenty of off-street parking. Units are under market rate and have significant upside. Location is on public transit and within a short distance of all area amenities. Easy access to Lowell Connector, RT-3, RT-495 and downtown. Buy it to bump up the rents for cash flow or buy it to live in. Either way, this property works.

Last Agent to Sell the Property

Brian Donoghue

Universal Property Management Listed on: 01/11/2023

Last Buyer's Agent

Ying Chen

Redfin Corp.

Redfin Corp.

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,858

Year Built

  • Built in 1900

Lot Details

  • 5,699 Sq Ft Lot
  • Level Lot

Home Design

  • 3,763 Sq Ft Home
  • Frame Construction

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 3 Full Bathrooms

Parking

  • 7 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit and schools

Schools

  • Lowell Public Elementary And Middle School
  • Lowell Public High School

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Total Actual Rent $3,550
  • Assessor Parcel Number 3185925

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Building Details

  • Net Operating Income $42,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,858

Year Built

Built in 1900

Lot Details

5,699 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Year Built Details: Unknown/Mixed
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 5

Interior Features

  • Interior Amenities: Other (See Remarks)
  • Fireplace YN: No
  • Total Bedrooms: 12
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Unfinished
  • Living Area: 3763
  • Stories Total: 5
  • MAIN LO: D95031
  • MAIN SO: NB3534

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Other
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Driveway, Paved
  • Total Parking Spaces: 7

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University

Lot Info

  • Parcel Number: 3185925
  • Zoning: TTF
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5699
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7857.64

Multi Family

  • Net Operating Income: 42600
  • Number Of Units Total: 3
  • Total Actual Rent: 3550
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 1

MLS Schools

  • High School: Lowell Public
  • Elementary School: Lowell Public
  • Middle Or Junior School: Lowell Public

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2023
Closed on
Feb 28, 2023
Sold by
Bought by
Seller's Agent
Brian Donoghue
Universal Property Management
Buyer's Agent
Ying Chen
Redfin Corp.
List Price
$725,000
Sold Price
$670,000
Premium/Discount to List
-$55,000
-7.59%
Views
159
Current Estimated Value
$779,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,831
Avg. Annual Appreciation
4.43%
Original Mortgage
$536,000
Outstanding Balance
$514,378
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$265,453

Purchase Details

Closed on
Mar 29, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2008
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$670,000 None Available
-- --
$100,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $536,000
Previous Owner $255,000
Closed $500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/28/2023 02/28/23 Sold $670,000 -7.6% $178 / Sq Ft
01/26/2023 01/26/23 Pending -- -- --
01/11/2023 01/11/23 For Sale $725,000 -- $193 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,220 $716,000 $123,300 $592,700
2024 $7,837 $658,000 $115,200 $542,800
2023 $7,690 $619,200 $100,200 $519,000
2022 $6,987 $550,600 $79,200 $471,400
2021 $6,026 $447,700 $68,800 $378,900
2020 $5,522 $413,300 $68,800 $344,500
2019 $5,386 $383,600 $65,500 $318,100
2018 $4,791 $340,800 $62,400 $278,400
2017 $4,701 $315,100 $60,500 $254,600
2016 $4,351 $287,000 $56,200 $230,800
2015 $4,116 $265,900 $56,200 $209,700
2013 $3,596 $239,600 $67,400 $172,200
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73070023

MLS Property Information Network (MLS PIN)

APN: LOWE-000143-006150-000019

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