NOT LISTED FOR SALE

Estimated Value: $626,000 - $728,000

6 Beds
2 Baths
3,016 Sq Ft
$222/Sq Ft Est. Value

Last Sold March 08, 2024

Last sale price $600,000 $199 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,223/month

6 Days on Market

About This Home

As of March 2024

Location! Location!! Location!!! Come check out this well maintained 2 family right off University Avenue, a short distance to UMASS Lowell. Unit 1 has 6 rooms and Unit 2 has 7 rooms with 3 bedrooms and a bath for each unit. It is all separate utilities, vinyl siding, washer / dryer hook ups and off-street parking for up to 6 cars. Property comes with a barn for extra storage. Second floor has updated kitchen, bathroom and floors. First floor is rented to a long-time tenant who is willing to stay. Property conveniently located close to everything: restaurants, shopping, a park, Merrimack River, river walk-ways, a stone's throw to UMASS and much more. First showing at Group showing on Thursday, 1/25/24, from 1PM - 2:30PM.

Last Agent to Sell the Property

Salihu Mohammed

Dick Lepine Real Estate,Inc. Listed on: 01/19/2024

Last Buyer's Agent

Salihu Mohammed

Dick Lepine Real Estate,Inc. Listed on: 01/19/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,188

Year Built

  • Built in 1900

Lot Details

  • 6,900 Sq Ft Lot
  • Corner Lot
  • Irregular Lot

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Stone Foundation

Interior Spaces

  • 3,016 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Community Details

  • 2 Units
  • Net Operating Income $21,600

Listing and Financial Details

  • Total Actual Rent $1,800
  • Assessor Parcel Number 3179645

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,188

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1900
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 2%
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Living Area: 3016
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: D49801
  • LIST PRICE PER Sq Ft: 188.96
  • PRICE PER Sq Ft: 198.94
  • MAIN SO: D49801

Exterior Features

  • Foundation Details: Stone, Irregular
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: 3179645
  • Zoning: TTF
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 6900
  • Lot Size Units: Acres
  • PAGE: 188
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6188.44
  • Tax Book Number: 18957

Multi Family

  • Gross Income: 21600
  • Net Operating Income: 21600
  • Number Of Units Total: 2
  • Total Actual Rent: 1800
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2001
Sold by
Morris Kenneth and Morris Michelle
Bought by
Olu Kalu K
Current Estimated Value
$668,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
7.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 1999
Sold by
Albert Thomas E and Albert Priscilla T
Bought by
Morris Kenneth and Morris Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,350
Interest Rate
7.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Olu Kalu K $200,400 --
Olu Kalu K $200,400 --
Morris Kenneth $120,000 --
Morris Kenneth $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Qiu Hong $355,000
Closed Qiu Hong $355,000
Closed Olu Catherine $280,000
Closed Olu Kalu $224,000
Closed Morris Kenneth $190,000
Previous Owner Morris Kenneth $4,305
Previous Owner Morris Kenneth $119,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2024 03/08/24 Sold $600,000 +5.3% $199 / Sq Ft
01/26/2024 01/26/24 Pending -- -- --
01/19/2024 01/19/24 For Sale $569,900 -- $189 / 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 $7,052 $614,300 $148,000 $466,300
2024 $6,188 $519,600 $119,400 $400,200
2023 $5,830 $469,400 $97,500 $371,900
2022 $5,072 $399,700 $86,300 $313,400
2021 $4,848 $360,200 $75,100 $285,100
2020 $4,783 $358,000 $97,100 $260,900
2019 $4,399 $313,300 $85,300 $228,000
2018 $4,163 $289,300 $81,300 $208,000
2017 $4,118 $276,000 $73,900 $202,100
2016 $3,911 $258,000 $71,900 $186,100
2015 $3,649 $235,700 $68,800 $166,900
2013 $3,505 $233,500 $76,000 $157,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73194969

MLS Property Information Network (MLS PIN)

APN: LOWE-000097-001900-000003