NOT LISTED FOR SALE

Estimated Value: $261,205

15 Beds
34 Baths
11,600 Sq Ft
$23/Sq Ft Est. Value

Last Sold September 12, 2023

Last sale price $685,000 $59 Per Sq Ft

Current estimated payment $1,733/month

19 Days on Market

Highlights

  • Medical Services
  • 0.17 Acre Lot
  • Level Lot
  • Granite Flooring
  • Property is near public transit
  • 4-minute walk to Lucy Larcom Park

About This Home

As of September 2023

This is a great opportunity to own this 17 Unit Apartment Building in a fantastic location close to UMASS Lowell and City Hall. This building is approved for 17 Units,2 Retail or 1 restaurant,15-1 Bedroom along with 15 parking spaces. The building is unoccupied and condemned, although the full set of plans are available for the new owner.

Last Agent to Sell the Property

Walter Zenkin

The Zenkin Realty Group LLC Listed on: 07/20/2023

Last Buyer's Agent

Amanda Veseskis

Lamacchia Realty, Inc.

Lamacchia Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,325

Year Built

  • Built in 1910

Lot Details

  • 7,465 Sq Ft Lot
  • Level Lot

Interior Spaces

  • 11,600 Sq Ft Home
  • Granite Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 15 Bedrooms

Parking

  • 25 Car Parking Spaces
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Listing and Financial Details

  • Total Actual Rent $19,998
  • Assessor Parcel Number 3185100

Community Details

Overview

  • 17 Units
  • Property has 1 Level

Additional Features

  • Medical Services
  • Net Operating Income $239,976

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,325

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1910
  • Buyer Agency: 2
  • Transaction Broker: 1
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 15
  • Full Bathrooms: 17
  • Half Bathrooms: 17
  • Total Bathrooms: 34
  • Total Bathrooms: 25.5
  • Basement: Full
  • Living Area: 11600
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN8007
  • LIST PRICE PER Sq Ft: 51.64
  • PRICE PER Sq Ft: 59.05
  • MAIN SO: AN7396

Exterior Features

  • Foundation Details: Granite
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 25

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Medical Facility, Public School, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: 3185100
  • Zoning: UMF
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7465
  • Lot Size Units: Acres
  • PAGE: 285
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 16325
  • Tax Book Number: 24777

Multi Family

  • Gross Income: 239976
  • Net Operating Income: 239976
  • Number Of Units Total: 17
  • Total Actual Rent: 19998
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2016
Sold by
Tran Dien D
Bought by
Tran Realty Corp
Current Estimated Value
$261,205

Purchase Details

Closed on
Feb 14, 2011
Sold by
Flago Realty Corp
Bought by
Tran Dien D
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
Tran Realty Corp -- --
Tran Realty Corp -- --
Tran Dien D $112,500 --
Tran Dien D $112,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open New Royal Llc $3,050,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2023 09/12/23 Sold $685,000 0.0% $59 / Sq Ft
08/09/2023 08/09/23 Pending -- -- --
08/02/2023 08/02/23 Off Market $685,000 -- --
07/25/2023 07/25/23 Pending -- -- --
07/20/2023 07/20/23 For Sale $599,000 -- $52 / 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 $3,723 $324,300 $192,500 $131,800
2024 $3,643 $305,900 $179,900 $126,000
2023 $2,953 $237,800 $156,400 $81,400
2022 $0 $221,300 $142,200 $79,100
2021 $0 $198,800 $123,700 $75,100
2020 $2,550 $190,900 $123,700 $67,200
2019 $0 $179,400 $114,600 $64,800
2018 $0 $168,500 $109,200 $59,300
2017 $0 $156,200 $99,300 $56,900
2016 -- $171,700 $117,100 $54,600
2015 -- $117,100 $117,100 $0
2013 $8,644 $295,900 $130,000 $165,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73138778

MLS Property Information Network (MLS PIN)

APN: LOWE-000137-004060-000484