Seller's Agent in 2022
Paul Brouillette
Laer Realty
(978) 852-3001
12 in this area
153 Total Sales
405 School St Lowell, MA 01851
Lower Highlands Neighborhood
3
Beds
4
Baths
3,151
Sq Ft
3,267
Sq Ft Lot
Highlights
- Medical Services
- Corner Lot
- Heating Available
- Property is near public transit and schools
- Coin Laundry
- 4-minute walk to Roberto Clemente Park
About This Home
As of October 2022Very well maintained four family in great location. All four units rented TAW and long-term tenants would like to stay. Largest unit has delead certificate. Current rents are under market. Four parking spots on driveway with additional parking in yard if needed. Plenty of off-street parking as well with permits. Professionally managed and maintained. Nicely updated property with small yard. Solid investment property or owner - occupant could live virtually for free. Live in a studio and rent the other units. Excellent cash flow.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,425
Year Built
- Built in 1900
Lot Details
- 3,267 Sq Ft Lot
- Corner Lot
- Level Lot
Home Design
- 3,151 Sq Ft Home
- Stone Foundation
- Frame Construction
- Shingle Roof
Bedrooms and Bathrooms
- 3 Bedrooms
- 4 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Dirt Floor
Parking
- 4 Car Parking Spaces
- On-Street Parking
- Open Parking
- Off-Street Parking
Location
- Property is near public transit and schools
Utilities
- No Cooling
- Heating Available
Listing and Financial Details
- Total Actual Rent $3,600
- Rent includes unit 1(heat electric gas water hot water), unit 2(heat electric gas water hot water), unit 3(heat electric gas water hot water), unit 4(heat electric gas water hot water)
- Assessor Parcel Number M:120 B:5240 L:405,3182970
Community Details
Overview
- 4 Units
- Property has 1 Level
Amenities
- Medical Services
- Coin Laundry
Building Details
- Operating Expense $16,407
- Net Operating Income $31,287
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/11/2022 10/11/22 | Sold | $420,000 | -4.5% | $133 / Sq Ft |
| 08/30/2022 08/30/22 | Pending | -- | -- | -- |
| 08/18/2022 08/18/22 | Price Changed | $440,000 | -12.0% | $140 / Sq Ft |
| 08/11/2022 08/11/22 | Price Changed | $499,900 | -9.1% | $159 / Sq Ft |
| 08/01/2022 08/01/22 | Price Changed | $550,000 | -8.3% | $175 / Sq Ft |
| 07/26/2022 07/26/22 | Price Changed | $599,900 | -14.3% | $190 / Sq Ft |
| 07/12/2022 07/12/22 | For Sale | $699,900 | -- | $222 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $5,590 | $486,900 | $107,200 | $379,700 |
| 2024 | $5,546 | $465,700 | $100,200 | $365,500 |
| 2023 | $6,322 | $509,000 | $87,200 | $421,800 |
| 2022 | $5,425 | $427,500 | $68,900 | $358,600 |
| 2021 | $5,066 | $376,400 | $59,900 | $316,500 |
| 2020 | $5,029 | $376,400 | $59,900 | $316,500 |
| 2019 | $4,194 | $298,700 | $57,000 | $241,700 |
| 2018 | $3,692 | $281,900 | $54,300 | $227,600 |
| 2017 | $3,693 | $247,500 | $52,600 | $194,900 |
| 2016 | $3,694 | $243,700 | $48,800 | $194,900 |
| 2015 | $3,302 | $213,300 | $48,800 | $164,500 |
| 2013 | $3,025 | $201,500 | $58,600 | $142,900 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Brouillette
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73008075
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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