281 Concord St Lowell, MA 01852
Lower Belvidere Neighborhood
7
Beds
3
Baths
3,661
Sq Ft
2,610
Sq Ft Lot
Highlights
- Property is near public transit
- Wood Flooring
- Park
About This Home
As of September 2022OPEN HOUSE CANCELLED FOR 7-31-2022 Current rents are below market value. See firm remarks. Leases terminate the end of December. Huge open concept 2 family. Do not miss out on this truly beautiful property. Live in one unit and rent the other to help pay your mortgage. Excellent investor property. Newer heating, NAVI tankless, newer plumbing. Upgraded electrical wiring with 200 amp. Insulated vinyl windows and doors. Beautiful hardwood floors. Granite countertops, stainless steel appliances all under 6 years old. 4-6 car parking off street. Washers and Dryers in basement for units. Unit #1 is all on first floor. Unit #2 is on 2nd and 3rd floor. Tenants pay all utilities. No showings during the week - SHOWINGS AT OPEN HOUSE SUNDAY, 7-31-2022 FROM 1-3
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,160
Year Built
- Built in 1900
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 3,661 Sq Ft Home
- Property has 1 Level
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Parking
- 6 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Utilities
- 110 Volts
- Natural Gas Connected
- Gas Water Heater
Additional Features
- 2,610 Sq Ft Lot
- Property is near public transit
Listing and Financial Details
- Total Actual Rent $3,600
Community Details
Overview
- 2 Units
Recreation
- Park
Building Details
- Insurance Expense $1,700
- Operating Expense $1,700
- Net Operating Income $43,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 6, 2019
Sold by
Bairos John S and Bairos Elsa M
Bought by
John S Bairos Ft and Bairos
Current Estimated Value
Purchase Details
Listed on
Oct 20, 2017
Closed on
Oct 20, 2017
Sold by
Zheng Lirong
Bought by
Bairos John S and Bairos Elsa M
Seller's Agent
Beth McGaffigan
RE/MAX Encore
Buyer's Agent
Beth McGaffigan
RE/MAX Encore
Sold Price
$1,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.51%
Original Mortgage
$130,000
Interest Rate
3.78%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 29, 2016
Sold by
Stachura Stella Est
Bought by
Zheng Lirong
Similar Homes in Lowell, MA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Not Resolvable | $425,000 | -- | |
| Not Resolvable | $160,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $588,115 | FHA | |
| Closed | $588,115 | FHA | |
| Closed | $220,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $130,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2022 09/30/22 | Sold | $628,000 | -3.4% | $172 / Sq Ft |
| 07/30/2022 07/30/22 | Pending | -- | -- | -- |
| 07/21/2022 07/21/22 | For Sale | $649,900 | 0.0% | $178 / Sq Ft |
| 11/02/2017 11/02/17 | Rented | $1,500 | 0.0% | -- |
| 10/24/2017 10/24/17 | Off Market | $1,500 | -- | -- |
| 10/20/2017 10/20/17 | Sold | $425,000 | 0.0% | $135 / Sq Ft |
| 10/20/2017 10/20/17 | For Rent | $1,500 | 0.0% | -- |
| 08/09/2017 08/09/17 | Pending | -- | -- | -- |
| 07/24/2017 07/24/17 | For Sale | $429,900 | -- | $137 / 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 | $7,827 | $681,800 | $100,700 | $581,100 |
| 2024 | $7,290 | $612,100 | $98,600 | $513,500 |
| 2023 | $6,795 | $547,100 | $85,700 | $461,400 |
| 2022 | $6,160 | $485,400 | $68,200 | $417,200 |
| 2021 | $5,714 | $424,500 | $59,300 | $365,200 |
| 2020 | $5,319 | $398,100 | $61,600 | $336,500 |
| 2019 | $4,802 | $342,000 | $61,300 | $280,700 |
| 2018 | $3,989 | $292,800 | $58,400 | $234,400 |
| 2017 | $3,984 | $267,000 | $53,100 | $213,900 |
| 2016 | $3,964 | $261,500 | $47,600 | $213,900 |
| 2015 | $3,627 | $234,300 | $47,600 | $186,700 |
| 2013 | $2,931 | $195,300 | $55,000 | $140,300 |
Source: Public Records
Agents Affiliated with this Home
-
Beth McGaffigan
Seller's Agent in 2022
Beth McGaffigan
RE/MAX
(617) 543-6663
1 in this area
22 Total Sales
-
Kelly Espinola
Buyer's Agent in 2022
Kelly Espinola
Keller Williams Realty-Merrimack
(508) 982-6264
4 in this area
158 Total Sales
-
Daniel Tan
D
Seller's Agent in 2017
Daniel Tan
Urban Real Estate
(978) 902-6354
52 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73015724
APN: LOWE-000202-001445-000281
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