NOT LISTED FOR SALE

25 Read St Lowell, MA 01850

Centralville Neighborhood

Estimated Value: $546,556 - $665,000

6 Beds
3 Baths
2,769 Sq Ft
$212/Sq Ft Est. Value

Last Sold April 26, 2018

Last sale price $331,000 $120 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $3,590/month

95 Days on Market

About This Home

As of April 2018

Great opportunity for the investor with this fully lead compliant multi-family in the Centralville section of Lowell. Convenient to RT-38, RT-110 & RT-495. Roof is approximately two years old, siding eight to ten years old. Heat, hot water and cooking is by gas for each unit. At least five off-street parking spots total, potentially six. Two spacious three bedroom units. And while this is listed by the city as a legal two-family, it has been used as a three family for at least the length of this owner's possession, with the top floor being a large and wide open studio. All units have lead certificates. All units have two means of egress. 2nd floor unit is currently vacant and is being leased by owner @ $1450.00 per month as of December 1st. There is room for movement on the rents of the other two units. Prospective buyer to do own due diligence with regard to 3rd floor unit. This would be an excellent purchase for an investor in today's market.

Last Agent to Sell the Property

Brian Donoghue

Universal Property Management Listed on: 11/06/2017

Last Buyer's Agent

Elvis Doda

Coldwell Banker Realty - Milton

Coldwell Banker Realty - Milton

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,530

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Level
  • Property Type: Multi-family
  • Other Agent: 1.00
  • Lead Paint: Certified Treated
  • Year Built Description: Actual
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 11
  • Amenities: Public Transportation, Shopping, Golf Course, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Electric: Circuit Breakers
  • Energy: Insulated Windows
  • Flooring: Wood, Vinyl
  • Full Bathrooms: 3
  • Total Levels: 3
  • Main Lo: D95031
  • Main So: K95001
  • Estimated Sq Ft: 2769.00

Exterior Features

  • Construction: Frame
  • Exterior: Vinyl
  • Foundation: Fieldstone

Garage/Parking

  • Parking: Off-Street, Common, Paved Driveway
  • Parking Spaces: 5

Utilities

  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 3

Schools

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

Lot Info

  • Zoning: TMF
  • Acre: 0.06
  • Lot Size: 2790.00

Multi Family

  • Heat Units: 3
  • Total Bedrooms: 6
  • Total Floors: 6
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 11
  • Multi Family Type: 2 Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2017
Closed on
Apr 26, 2018
Sold by
Mcguire Michael
Bought by
Hibroj Taulant
Seller's Agent
Brian Donoghue
Universal Property Management
Buyer's Agent
Elvis Doda
Coldwell Banker Realty - Milton
List Price
$359,900
Sold Price
$331,000
Premium/Discount to List
-$28,900
-8.03%
Current Estimated Value
$587,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,889
Avg. Annual Appreciation
8.02%
Original Mortgage
$248,250
Outstanding Balance
$213,948
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$373,941

Purchase Details

Closed on
Feb 27, 2008
Sold by
Deutsche Bank Natl T C
Bought by
Mcguire Michael

Purchase Details

Closed on
Mar 11, 2005
Sold by
Kuria Joseph Kamau
Bought by
Kamau Mary Gathoni

Purchase Details

Closed on
Jul 2, 2003
Sold by
Skinsacos Elizabeth
Bought by
Kuria Joseph Kamau and Kuria Mary Gathoni

Purchase Details

Closed on
Sep 18, 2001
Sold by
Skinsacos Spiro
Bought by
Skinsacos Elizabeth

Purchase Details

Closed on
Jun 27, 2001
Sold by
Gwc Rt and Bozek William
Bought by
Skinsacos Spiro
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hibroj Taulant $331,000 --
Mcguire Michael $104,900 --
Mcguire Michael $104,900 --
Kamau Mary Gathoni $30,000 --
Kamau Mary Gathoni $30,000 --
Kuria Joseph Kamau $240,000 --
Kuria Joseph Kamau $240,000 --
Skinsacos Elizabeth $189,900 --
Skinsacos Elizabeth $189,900 --
Skinsacos Spiro $147,500 --
Skinsacos Spiro $147,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hibroj Taulant $248,250
Closed Skinsacos Spiro $248,250
Previous Owner Skinsacos Spiro $136,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2018 04/26/18 Sold $331,000 -5.4% $120 / Sq Ft
02/09/2018 02/09/18 Pending -- -- --
11/24/2017 11/24/17 Price Changed $349,900 -2.8% $126 / Sq Ft
11/06/2017 11/06/17 For Sale $359,900 -- $130 / 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 $5,530 $481,700 $110,300 $371,400
2024 $5,142 $431,700 $91,600 $340,100
2023 $4,788 $385,500 $79,700 $305,800
2022 $4,376 $344,800 $63,400 $281,400
2021 $4,116 $305,800 $55,100 $250,700
2020 $3,877 $290,200 $55,100 $235,100
2019 $3,605 $256,800 $47,400 $209,400
2018 $3,393 $235,800 $45,100 $190,700
2017 $3,205 $214,800 $37,900 $176,900
2016 $3,323 $219,200 $39,600 $179,600
2015 $3,096 $200,000 $40,800 $159,200
2013 $2,705 $180,200 $49,200 $131,000
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Brian Donoghue

    Universal Property Management

    (978) 937-9327

    17 in this area

    44 Total Sales

    Brian Donoghue
    Section Image
  • Elvis Doda

    Buyer's Agent in 2018

    Elvis Doda

    Coldwell Banker Realty - Milton

    (617) 319-9202

    99 Total Sales

    Elvis Doda
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72251997

MLS Property Information Network (MLS PIN)

APN: LOWE-000197-004870-000025

Massachusetts Middlesex County Lowell 01850 Centralville

25 Read St, Lowell, MA

This home is located at 25 Read St, Lowell, MA 01850 since 06 November 2017 and is currently estimated at $587,889, approximately $212 per square foot. This property was built in 1900. 25 Read St is a home located in Middlesex County with nearby schools including Greenhalge Elementary School, S. Christa McAuliffe Elementary School, and Moody Elementary School.

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