NOT LISTED FOR SALE

Estimated Value: $570,455 - $725,000

6 Beds
4 Baths
2,300 Sq Ft
$275/Sq Ft Est. Value

Last Sold June 21, 2016

Last sale price $319,900 $139 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $3,723/month

8 Days on Market

About This Home

As of June 2016

New construction available within 120 days. Energy Star rated duplex with identical units in the Rivers Edge subdivision. One side must be owner occupied and the other side is deed restricted to a Section 8 tenant. The current guaranteed rental income is $1,230 per month, so at current interest rates these units are very affordable for the owner. The duplex is new construction so the assessment has not yet been established. FY 2015 Lowell's tax rate is $15.48 per $1,000. There is an income restriction for the buyer, who cannot earn more than 150% of the HUD median income by family size, as detailed on an attachment. Three other units duplex units are currently released by the developer for sale. The photographs are of similar units previously constructed at the subdivision.

Last Agent to Sell the Property

Dennis Conners

Dennis G. Conners & Associates Listed on: 02/12/2016

Last Buyer's Agent

John McSheehy

Metropolitan Boston Real Estate, LLC License #449548879

Property Details

Home Type

Multi-Family

Year Built

2015

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Easements, Level
  • Property Type: Multi-family
  • Other Agent: 1.00
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 4
  • Year Built: 2015

Interior Features

  • Has Basement: No
  • Number of Rooms: 12
  • Amenities: Public Transportation, Shopping, Park, Highway Access, Public School
  • Electric: 100 Amps, Individually Metered
  • Energy: Insulated Windows
  • Flooring: Vinyl, Wall to Wall Carpet
  • Total Levels: 4

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Frontage: 70.00
  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Patio
  • Foundation: Poured Concrete

Garage/Parking

  • Parking: Off-Street, Tandem, Deeded, Paved Driveway
  • Parking Spaces: 4

Utilities

  • Heat Zones: 2
  • Hot Water: Electric
  • Utility Connections: for Electric Range, for Electric Oven, Washer Hookup
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Zoning: PUD

Multi Family

  • Foundation: See Plan
  • Heat Units: 2
  • Total Bedrooms: 6
  • Total Floors: 2
  • Total Full Baths: 2
  • Total Half Baths: 2
  • Total Levels: 2
  • Total Rms: 12
  • Total Rent_1: 1230

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2016
Closed on
Jun 21, 2016
Sold by
Residents First Dev Co
Bought by
Yim Mitchell
Seller's Agent
Dennis Conners
Dennis G. Conners & Associates
Buyer's Agent
John McSheehy
Metropolitan Boston Real Estate, LLC
List Price
$319,900
Sold Price
$319,900
Current Estimated Value
$632,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,714
Avg. Annual Appreciation
7.38%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Yim Mitchell $319,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Yim Mitchell $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2016 06/21/16 Sold $319,900 0.0% $139 / Sq Ft
02/20/2016 02/20/16 Pending -- -- --
02/12/2016 02/12/16 For Sale $319,900 -- $139 / 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 $4,975 $433,400 $149,200 $284,200
2024 $5,143 $431,800 $139,500 $292,300
2023 $5,123 $412,500 $121,300 $291,200
2022 $4,672 $368,200 $110,300 $257,900
2021 $4,723 $350,900 $95,900 $255,000
2020 $5,609 $419,800 $91,200 $328,600
2019 $5,323 $379,100 $84,500 $294,600
2018 $5,029 $349,500 $80,400 $269,100
2017 -- $337,100 $73,100 $264,000
2016 -- $79,200 $79,200 $0
2015 -- $79,200 $79,200 $0
2013 -- $84,000 $84,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71958564

MLS Property Information Network (MLS PIN)

APN: LOWE-000210-002011-000034