Seller's Agent in 2025
Paul Brouillette
Laer Realty
(978) 852-3001
11 in this area
153 Total Sales
23 Ralph St Lowell, MA 01851
Lower Highlands Neighborhood
7
Beds
3
Baths
3,288
Sq Ft
3,049
Sq Ft Lot
Highlights
- Porch
- Fenced
- 2-minute walk to Armory Park
About This Home
As of February 2025Great opportunity for both investors and owner-occupants! This property offers a solid 7.8% Cap Rate with 2 tenants-at-will and 1 vacant 1-bedroom unit. Features include vinyl windows, vinyl siding, and off-street parking for two cars. The second and third units share a heating system. Enjoy a fenced yard and the flexibility of either purchasing as an owner-occupied home or a rental investment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,753
Year Built
- Built in 1900
Lot Details
- 3,049 Sq Ft Lot
- Fenced
Home Design
- 3,288 Sq Ft Home
- Stone Foundation
- Shingle Roof
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Parking
- 2 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Schools
- Abraham Lincoln Elementary School
- Kathryn P. Stok Middle School
- Lowell High School
Additional Features
- Range
- Porch
Listing and Financial Details
- Total Actual Rent $5,500
- Rent includes unit 1(electric water), unit 2(heat electric water), unit 3(heat electric water)
- Assessor Parcel Number M:141 B:4825 L:23,3185658
Community Details
Overview
- 3 Units
- Property has 1 Level
Building Details
- Net Operating Income $61,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 24, 2024
Closed on
Feb 28, 2025
Sold by
94 North Re Ventures Llc
Bought by
Chin Soklay
Seller's Agent
Paul Brouillette
LAER Realty Partners
Buyer's Agent
Borath Men
Homeplace Realty, Inc.
List Price
$649,900
Sold Price
$595,000
Premium/Discount to List
-$54,900
-8.45%
Views
53
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,004
Avg. Annual Appreciation
5.02%
Original Mortgage
$501,500
Outstanding Balance
$499,017
Interest Rate
7.04%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$120,987
Purchase Details
Closed on
Apr 8, 2019
Sold by
Brouillette Ft and Brouillette
Bought by
94 North Real Est Venturs
Purchase Details
Closed on
Mar 12, 2003
Sold by
23 Rt and Fyfe
Bought by
Brouillette Tr Bernard P and Brouillette Ft
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $595,000 | None Available | |
| Quit Claim Deed | $595,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $501,500 | Purchase Money Mortgage | |
| Closed | $501,500 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/28/2025 02/28/25 | Sold | $595,000 | -0.8% | $181 / Sq Ft |
| 01/22/2025 01/22/25 | Pending | -- | -- | -- |
| 01/16/2025 01/16/25 | Price Changed | $599,900 | -7.7% | $182 / Sq Ft |
| 12/24/2024 12/24/24 | For Sale | $649,900 | -- | $198 / 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 | $7,075 | $616,300 | $104,000 | $512,300 |
| 2024 | $6,753 | $567,000 | $97,200 | $469,800 |
| 2023 | $6,634 | $534,100 | $84,500 | $449,600 |
| 2022 | $6,040 | $476,000 | $66,800 | $409,200 |
| 2021 | $5,231 | $388,600 | $58,100 | $330,500 |
| 2020 | $4,802 | $359,400 | $58,100 | $301,300 |
| 2019 | $4,691 | $334,100 | $55,200 | $278,900 |
| 2018 | $4,311 | $297,800 | $52,600 | $245,200 |
| 2017 | $4,118 | $276,000 | $51,000 | $225,000 |
| 2016 | $3,359 | $221,600 | $47,300 | $174,300 |
| 2015 | $3,190 | $206,100 | $47,300 | $158,800 |
| 2013 | $2,841 | $189,300 | $56,800 | $132,500 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Brouillette
-
Borath Men
B
Buyer's Agent in 2025
Borath Men
Homeplace Realty, Inc.
(978) 423-9750
25 in this area
105 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73318111
APN: LOWE-000141-004825-000023
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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