Seller's Agent in 2024
Silver Key Homes
Silver Key Homes Realty
(978) 382-4232
3 in this area
379 Total Sales
197 Powell St Lowell, MA 01851
Lower Highlands NeighborhoodEstimated Value: $919,000 - $992,000
9
Beds
3
Baths
4,275
Sq Ft
$225/Sq Ft
Est. Value
Highlights
- Medical Services
- Property is near public transit
- Mud Room
- 0.27 Acre Lot
- Corner Lot
- Shops
About This Home
As of March 2024Welcome to this charming and lucrative investment opportunity nestled in the heart of Lowell, Massachusetts. This outstanding three-family home is now available for sale after 30 years and boasts not only full occupancy but also a plethora of desirable features that promise both comfort and potential for its new owner. Whether you're an astute investor looking to expand your portfolio or a savvy homeowner seeking an income-generating property, this three-family home presents an exceptional opportunity not to be missed. With its fully occupied status, expansive fenced-in lot, and rare four-car detached garage, this property is the one you've been seeking. All three units have separate electric and gas metering. Don't let this gem slip through your fingers. Check it out this weekend from 12-2 on Saturday and Sunday! Offer deadline Sunday at 8pm to be reviewed Monday morning.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,349
Year Built
- Built in 1890
Lot Details
- 0.27 Acre Lot
- Fenced
- Corner Lot
Parking
- 3 Car Garage
- On-Street Parking
- Open Parking
- Off-Street Parking
Home Design
- Stone Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 4,275 Sq Ft Home
- Insulated Windows
- Mud Room
- Unfinished Basement
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Location
- Property is near public transit
Utilities
- 3 Heating Zones
- Heating System Uses Natural Gas
- Separate Meters
Listing and Financial Details
- Total Actual Rent $5,575
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number M:124 B:4745 L:197
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Building Details
- Electric Expense $168
- Water Sewer Expense $1,400
- Operating Expense $1,568
- Net Operating Income $53,332
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Home Values in the Area
Average Home Value in this Area
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Sherab Chokyab | $704,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/19/2024 03/19/24 | Sold | $880,000 | +10.0% | $206 / Sq Ft |
| 02/19/2024 02/19/24 | Pending | -- | -- | -- |
| 02/16/2024 02/16/24 | For Sale | $800,000 | -- | $187 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| 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 | $8,931 | $778,000 | $152,700 | $625,300 |
| 2024 | $8,524 | $715,700 | $142,700 | $573,000 |
| 2023 | $8,349 | $672,200 | $124,100 | $548,100 |
| 2022 | $7,567 | $596,300 | $98,000 | $498,300 |
| 2021 | $6,551 | $486,700 | $85,200 | $401,500 |
| 2020 | $6,021 | $450,700 | $85,200 | $365,500 |
| 2019 | $5,883 | $419,000 | $81,100 | $337,900 |
| 2018 | $5,376 | $373,600 | $77,200 | $296,400 |
| 2017 | $5,168 | $346,400 | $74,900 | $271,500 |
| 2016 | $4,794 | $316,200 | $69,600 | $246,600 |
| 2015 | $4,539 | $293,200 | $69,600 | $223,600 |
| 2013 | $4,027 | $268,300 | $83,400 | $184,900 |
Source: Public Records
Agents Affiliated with this Home
-
Silver Key Homes
-
Kristen Keegan
Seller Co-Listing Agent in 2024
Kristen Keegan
Silver Key Homes Realty
(978) 866-2094
2 in this area
78 Total Sales
-
Kalsang Chophel
K
Buyer's Agent in 2024
Kalsang Chophel
Lyv Realty
1 in this area
1 Total Sale
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73202913
APN: LOWE-000124-004745-000197
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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 its 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.
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