Seller's Agent in 2024
Deb Forte
Century 21 North East
(978) 423-6464
2 in this area
192 Total Sales
231 School St Lowell, MA 01854
Acre NeighborhoodEstimated Value: $596,000 - $658,000
6
Beds
2
Baths
3,073
Sq Ft
$201/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Corner Lot
- Balcony
- Attic
- Covered Patio or Porch
- Living Room
About This Home
As of October 2024This two-family property is an excellent investment opportunity located blocks away from the UMass Lowell campus and could be great for student housing in the future. The first-floor unit offers three large bedrooms, an eat-in kitchen, a full bathroom, and hardwood floors throughout. The second-floor unit also includes three large bedrooms, an eat-in kitchen, a full bathroom, w/w carpet, 3rd floor-walk attic space that has potential expandable living space with one finished room. The property's systems have been updated, one heating system is new, both gas units and two electric meters, with tenants covering all utilities except water. W/D hook up in the basement. The current tenants pay $1,500 per month on a month-to-month basis. The property has a 2 garage, 2 car driveway, and two covered porches. Both units have been deleaded with certificates. An open house is scheduled for Saturday from 11:30 AM to 1:30 PM. This is a fantastic investment! Don't miss out!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,648
Year Built
- Built in 1890
Lot Details
- 3,485 Sq Ft Lot
- Corner Lot
Parking
- 2 Car Garage
- Driveway
- Open Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
- Slate Roof
Interior Spaces
- 3,073 Sq Ft Home
- Property has 1 Level
- Living Room
- Basement Fills Entire Space Under The House
- Electric Dryer Hookup
- Attic
Kitchen
- Range
- Dishwasher
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Bulkhead
- Balcony
- Covered Patio or Porch
Utilities
- No Cooling
- 2 Heating Zones
- Heating System Uses Natural Gas
- 110 Volts
Community Details
- 2 Units
- Net Operating Income $36,000
Listing and Financial Details
- Total Actual Rent $3,000
- Rent includes unit 1(water), unit 2(water)
- Assessor Parcel Number M:118 B:5240 L:231,3182648
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 22, 2019
Sold by
Nguyen Tuan
Bought by
Eminent Real Estate Llc
Current Estimated Value
Purchase Details
Closed on
Jun 1, 2017
Sold by
Eminent Real Estate Ll
Bought by
Nguyen Tuan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,600
Interest Rate
3.97%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 14, 2010
Sold by
Us Bk
Bought by
Eminent Re Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
5.03%
Purchase Details
Closed on
Mar 29, 1999
Sold by
Peatfield Robert J and Peatfield Kathleen A
Bought by
Weekes Benjamin R
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Eminent Real Estate Llc | -- | -- | |
| Eminent Real Estate Llc | -- | -- | |
| Nguyen Tuan | -- | -- | |
| Nguyen Tuan | -- | -- | |
| Eminent Re Llc | $146,000 | -- | |
| Eminent Re Llc | $146,000 | -- | |
| Weekes Benjamin R | $124,000 | -- | |
| Weekes Benjamin R | $124,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Nguyen Tuan | $201,600 | |
| Previous Owner | Weekes Benjamin R | $116,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/01/2024 10/01/24 | Sold | $570,000 | +14.2% | $185 / Sq Ft |
| 08/28/2024 08/28/24 | Pending | -- | -- | -- |
| 08/20/2024 08/20/24 | For Sale | $499,000 | -- | $162 / 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 | $6,089 | $530,400 | $96,400 | $434,000 |
| 2024 | $5,648 | $474,200 | $90,100 | $384,100 |
| 2023 | $5,266 | $424,000 | $78,300 | $345,700 |
| 2022 | $4,877 | $384,300 | $71,200 | $313,100 |
| 2021 | $4,531 | $336,600 | $61,900 | $274,700 |
| 2020 | $4,094 | $306,400 | $52,800 | $253,600 |
| 2019 | $3,761 | $267,900 | $46,600 | $221,300 |
| 2018 | $3,497 | $243,000 | $44,400 | $198,600 |
| 2017 | $3,312 | $222,000 | $40,400 | $181,600 |
| 2016 | $3,364 | $221,900 | $40,300 | $181,600 |
| 2015 | $3,105 | $200,600 | $41,600 | $159,000 |
| 2013 | $2,648 | $176,400 | $55,300 | $121,100 |
Source: Public Records
Agents Affiliated with this Home
-
Deb Forte
-
Katie Ngan Vien
Buyer's Agent in 2024
Katie Ngan Vien
eXp Realty
(617) 818-1508
1 in this area
96 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73279561
APN: LOWE-000118-005240-000231
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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