NOT LISTED FOR SALE

Estimated Value: $528,266 - $591,000

6 Beds
2 Baths
2,195 Sq Ft
$255/Sq Ft Est. Value

Last Sold June 28, 2022

Last sale price $455,000 $207 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,416/month

9 Days on Market

About This Home

As of June 2022

This is a must see two family house in the Centraville area of Lowell just waiting for new ownership. First floor unit consists of 2 bedrooms and second floor unit has two floors of living space with 4 bedrooms. All completely separate utilities and updated. Heated by FHA by gas, circuit breakers, newer hot water tanks, full basement with laundry hookups and newer windows. Property is vinyl sided, has porches, fenced-in and paved off street parking for 3 cars. Both units fully rented with long time section 8 tenants who are willing to stay. The tenants pay their own utilities. Rents definitely below market. Both units have lead compliance on file. Property conveniently located close to everything : shopping, medical facilities, schools, restuarants ,walking distance to downtown, access to highways and much more. Great investment opportunity. Come check it, as it won't last!!!! FIRST SHOWING AT GROUP SHOWING ON FRIDAY, 5/27/22, FROM 5PM TO 6PM.

Last Agent to Sell the Property

Salihu Mohammed

Dick Lepine Real Estate,Inc. Listed on: 05/24/2022

Last Buyer's Agent

Dan Loprete

Realty Executives

Realty Executives

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,835

Year Built

  • Built in 1920

Lot Details

  • 2,430 Sq Ft Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,195 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 3 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 2 Heating Zones
  • Gas Water Heater

Community Details

  • 2 Units
  • Shops
  • Net Operating Income $31,800

Listing and Financial Details

  • Total Actual Rent $2,650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,835

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1920
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 2%
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Appliances: Gas Water Heater,Tank Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full, Interior Entry
  • Living Area: 2195
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: D49801
  • LIST PRICE PER Sq Ft: 214.08
  • PRICE PER Sq Ft: 207.29
  • MAIN SO: BB2353

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Public School, University

Lot Info

  • Zoning: USF
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2430
  • Lot Size Units: Acres
  • PAGE: 131

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3834.92
  • Tax Book Number: 16527

Multi Family

  • Gross Income: 31800
  • Net Operating Income: 31800
  • Number Of Units Total: 2
  • Total Actual Rent: 2650
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 11, 2023
Sold by
Stamos Nikolaos
Bought by
Stamos
Current Estimated Value
$558,817

Purchase Details

Closed on
Nov 14, 2003
Sold by
Idrais Deedee Radka and Idrais Mourad
Bought by
Murray Kimball A and Scotto-Dantuono Mirella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,400
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 2002
Sold by
Kotsonas Sylvia I
Bought by
Idrais Dee Dee Radka and Idais Mourad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,650
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2001
Sold by
Kotsonas Nicholas C
Bought by
Kotsonas Sylvia I

Purchase Details

Closed on
Jan 13, 1998
Sold by
Fnma
Bought by
Kotsonas Nicholas C

Purchase Details

Closed on
Aug 7, 1997
Sold by
Stokes Ronald D and Fnma
Bought by
Federal National Mortgage Association
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
Stamos -- None Available
N -- None Available
Murray Kimball A $260,500 --
Murray Kimball A $260,500 --
Idrais Dee Dee Radka $189,000 --
Idrais Dee Dee Radka $189,000 --
Kotsonas Sylvia I $110,000 --
Kotsonas Sylvia I $110,000 --
Kotsonas Nicholas C $53,000 --
Kotsonas Nicholas C $53,000 --
Federal National Mortgage Association $65,000 --
Federal National Mortgage Association $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stamos Nikolaos $341,250
Previous Owner Murray Kimball A $120,000
Previous Owner Murray Kimball A $208,400
Previous Owner Murray Kimball A $26,000
Previous Owner Radka Dee Dee $172,650
Previous Owner Federal National Mortgage Association $172,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2022 06/28/22 Sold $455,000 -3.2% $207 / Sq Ft
06/03/2022 06/03/22 Pending -- -- --
05/24/2022 05/24/22 For Sale $469,900 -- $214 / 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 $5,584 $486,400 $105,500 $380,900
2024 $5,053 $424,300 $87,600 $336,700
2023 $4,706 $378,900 $76,200 $302,700
2022 $3,835 $302,200 $60,600 $241,600
2021 $3,557 $264,300 $52,700 $211,600
2020 $3,309 $247,700 $52,700 $195,000
2019 $3,090 $220,100 $45,300 $174,800
2018 $2,655 $199,700 $43,100 $156,600
2017 $2,672 $179,100 $36,200 $142,900
2016 $2,741 $180,800 $37,900 $142,900
2015 $2,534 $163,700 $39,100 $124,600
2013 $2,298 $153,100 $47,000 $106,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72986728

MLS Property Information Network (MLS PIN)

APN: LOWE-000175-005490-000030