NOT LISTED FOR SALE

Estimated Value: $777,000 - $904,000

7 Beds
3 Baths
3,577 Sq Ft
$233/Sq Ft Est. Value

Last Sold March 18, 2022

Last sale price $700,000 $196 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,070/month

6 Days on Market

Highlights

  • Medical Services
  • Porch
  • Shops
  • Property is near public transit and schools
  • Park
  • Coin Laundry

About This Home

As of March 2022

** SUNDAY OPEN HOUSE CANCELED PER SELLER REQUEST** Amazing opportunity! Hard-to-find and ready to move-in, great condition three family located in Lowell, MA. This property features multiple sun rooms, two very spacious 3 bedroom units with living/dining combo, pantry closets, and lovely third floor one bedroom apartment. Dry basement with plenty of room for storage or expansion. Enclosed yard and long, spacious driveway with permitted parking exclusive to the property on the street side frontage. Vinyl siding, new Navien tankless systems for all 3 units recently installed, and new baseboards all throughout. Half the roof was recently replaced; the other half is 14 year old architecture shingles. Do not miss out on this excellent home. Easy access to local mall/commercial areas, Rt 3, 495, UMass Lowell (short walk to South Campus), and the Lowell commuter rail stop! First open houses will be on Saturday (2/5) from 12 - 2 and Sunday (2/6) from 12 - 1:30pm. No showings until open house

Last Agent to Sell the Property

Maria Pena

Pena Realty Corporation Listed on: 01/31/2022

Co-Listed By

Tirso Pena

Pena Realty Corporation

Last Buyer's Agent

Nancy Rogers

LAER Realty Partners

LAER Realty Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,338

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • Fenced

Home Design

  • Triplex
  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,577 Sq Ft Home
  • Insulated Windows

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Parking

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

Outdoor Features

  • Rain Gutters
  • Porch

Additional Features

  • Property is near public transit and schools
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $4,500
  • Assessor Parcel Number M:103 B:1025 L:25,3180459

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Building Details

  • Net Operating Income $52,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,338

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1900
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
  • Living Area: 3577
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: AN3959
  • MAIN SO: AN1199

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Concrete Perimeter, Stone
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel Number: M:103 B:1025 L:25,3180459
  • Zoning: S2002
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6969.6
  • Lot Size Units: Acres
  • LOT SIZE: 6979

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6338

Multi Family

  • Net Operating Income: 52800
  • Number Of Units Total: 3
  • Total Actual Rent: 4500
  • LEVELS 1: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2022
Sold by
Bhalla Sumit and Gupta Apurv
Bought by
Saga Investments Llc
Current Estimated Value
$835,144

Purchase Details

Listed on
Jan 31, 2022
Closed on
Mar 18, 2022
Sold by
Kenney Mark J
Bought by
Bhalla Sumit and Gupta Apurv
Seller's Agent
Maria Pena
Pena Realty Corporation
Buyer's Agent
Nancy Rogers
LAER Realty Partners
List Price
$649,000
Sold Price
$700,000
Premium/Discount to List
$51,000
7.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.70%
Original Mortgage
$525,000
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 2003
Sold by
Bechard John P and Bechard Pauline A
Bought by
Kenney Mark J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,153
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2000
Sold by
Donnelly Michael F and Donnelly Donna M
Bought by
Bechard John P and Bechard Pauline A
Source: Public Records

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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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Saga Investments Llc -- None Available
Saga Investments Llc -- None Available
Bhalla Sumit $700,000 None Available
Kenney Mark J $360,000 --
Kenney Mark J $360,000 --
Kenney Mark J $360,000 --
Bechard John P $194,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bhalla Sumit $525,000
Previous Owner Bechard John P $329,479
Previous Owner Kenney Mark J $357,153
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2022 03/18/22 Sold $700,000 +7.9% $196 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
01/31/2022 01/31/22 For Sale $649,000 -- $181 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $8,430 $734,300 $172,000 $562,300
2024 $8,062 $676,900 $162,200 $514,700
2023 $7,863 $633,100 $141,000 $492,100
2022 $7,299 $575,200 $128,200 $447,000
2021 $6,338 $470,900 $111,500 $359,400
2020 $5,776 $432,300 $105,500 $326,800
2019 $5,675 $404,200 $102,400 $301,800
2018 $6,151 $361,700 $97,500 $264,200
2017 $4,809 $322,300 $80,600 $241,700
2016 $4,486 $295,900 $76,800 $219,100
2015 $4,237 $273,700 $76,800 $196,900
2013 $3,777 $251,600 $89,800 $161,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72937127

MLS Property Information Network (MLS PIN)

APN: LOWE-000103-001025-000025