NOT LISTED FOR SALE

497 Lowell St Methuen, MA 01844

The West End Neighborhood

Estimated Value: $755,000 - $1,012,000

6 Beds
4 Baths
3,156 Sq Ft
$275/Sq Ft Est. Value

Last Sold October 18, 2021

Last sale price $715,000 $227 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,355/month

5 Days on Market

About This Home

As of October 2021

Investors and Owner-occupants; this is a fantastic opportunity to own a massive 2 family with an additional lot, the total land is over 2 Acres. These well-kept units feature updated hardwood floors throughout, bright & spacious living room, good size dining room, Three generous sized bedrooms, updated kitchen with granite counter-top, and Two full bathrooms- both similar plans & condition up and down but the second-floor unit has access to a massive unfinished walk-up attic with potential for being finished for additional living space. Exterior offers vinyl siding, vinyl replacement windows, large private yard, and plenty of parking. The basement is large & clean and has a washer/dryer hook up and storage room. Recent upgrades include new roof (2020), new water heater(2021), improved driveway( 2020).Great value in a great location with quick access to highway(Rt 93) and shopping. First Open House Sunday 08/22 from 12:00 to 2:00 pm.

Last Agent to Sell the Property

Miloud Hraiba

COM-PRO Real Estate Services, Inc Listed on: 08/19/2021

Last Buyer's Agent

Gustavo Veloz

COM-PRO Real Estate Services, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,333

Year Built

  • 1925

Lot Details

  • 2.03

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,333

Year Built

1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Plz use Gps
  • Garage Yn: No
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1925

Interior Features

  • Appliances: Unit 1(Range,Dishwasher,Refrigerator), Unit 2(Range,Dishwasher,Refrigerator), Gas Water Heater
  • Has Basement: Full, Concrete
  • MAIN LO: AN2595
  • MAIN SO: B95159
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors)
  • Interior Amenities: Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Stories: 3

Exterior Features

  • Exterior Features: Rain Gutters, Unit 1 Balcony/Deck, Unit 2 Balcony/Deck
  • Foundation Details: Other
  • Exclusions: Tenant And Seller's Personal Items.
  • Fencing: Fenced
  • Lot Features: Additional Land Avail., Level
  • Patio And Porch Features: Porch
  • Waterfront: No

Garage/Parking

  • Parking Features: Paved Drive, Off Street, Paved
  • Open Parking: Yes
  • Total Parking Spaces: 6

Utilities

  • Cooling: Unit 1(Window AC), Unit 2(Window AC)
  • Heating: Unit 1(Hot Water Radiators,Gas), Unit 2(Hot Water Radiators,Gas)
  • Cooling Y N: Yes
  • Electric: 220 Volts, Circuit Breakers, Individually Metered
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Unit 1(Water), Unit 2(Water)

Lot Info

  • LOT SIZE: 88427
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 88426.799999
  • Zoning: RB

Multi Family

  • LEVELS 1: 1
  • LEASE 2: N
  • LEASE 1: N
  • Annual Gross Income: 19200
  • Property Net Operating Income: 19200
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 6505
  • Tax Book Number: 13744
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2021
Closed on
Oct 19, 2021
Sold by
Naittourirt Meriem and Boulal Joseph
Bought by
Lopez Antonio O
Seller's Agent
Miloud Hraiba
COM-PRO Real Estate Services, Inc
Buyer's Agent
Gustavo Veloz
COM-PRO Real Estate Services, Inc
List Price
$675,000
Sold Price
$715,000
Premium/Discount to List
$40,000
5.93%
Current Estimated Value
$869,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,303
Avg. Annual Appreciation
4.85%
Original Mortgage
$560,000
Outstanding Balance
$510,668
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$358,635

Purchase Details

Closed on
Mar 11, 2015
Sold by
Maittourirt Merriem
Bought by
Naittourirt Meriem and Boulal Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,760
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 14, 2015
Sold by
Elbarni Abderrazzak
Bought by
Naittourirt Meriem

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,760
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 31, 2013
Closed on
Dec 30, 2013
Sold by
Tremblay Celeste A and Stoney Jennifer M
Bought by
Naittourirt Meriem and Elbarni Abderrazzak
Seller's Agent
Listing Group
Lamacchia Realty, Inc.
Buyer's Agent
Cynthia Johnson
Cynthia Johnson
List Price
$250,000
Sold Price
$300,000
Premium/Discount to List
$50,000
20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.33%
Original Mortgage
$274,725
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 31, 2006
Sold by
Muise Jason A
Bought by
Tremblay Celeste A and Stoney Jennifer M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2005
Sold by
Krekorian Karen A and Lariviere Keith P
Bought by
Muise Jason A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,600
Interest Rate
5.54%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lopez Antonio O $715,000 None Available
Naittourirt Meriem -- --
Naittourirt Meriem -- --
Naittourirt Meriem $300,000 --
Tremblay Celeste A $425,000 --
Muise Jason A $317,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Antonio O $560,000
Previous Owner Naittourirt Meriem $276,760
Previous Owner Naittourirt Meriem $274,725
Previous Owner Tremblay Celeste A $399,000
Previous Owner Muise Jason A $253,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/18/2021 10/18/21 Sold $715,000 +5.9% $227 / Sq Ft
08/25/2021 08/25/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $675,000 +125.0% $214 / Sq Ft
12/30/2013 12/30/13 Sold $300,000 +20.0% $95 / Sq Ft View Prior Sale
11/30/2013 11/30/13 Pending -- -- --
07/31/2013 07/31/13 For Sale $250,000 -- $79 / 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 $9,333 $882,100 $249,800 $632,300
2024 $8,346 $768,500 $208,700 $559,800
2023 $8,394 $717,400 $208,500 $508,900
2022 $6,791 $520,400 $171,300 $349,100
2021 $6,505 $493,200 $161,900 $331,300
2020 $6,270 $466,500 $161,900 $304,600
2019 $5,808 $409,300 $152,600 $256,700
2018 $5,397 $378,200 $143,300 $234,900
2017 $5,325 $363,500 $143,300 $220,200
2016 $4,305 $290,700 $94,300 $196,400
2015 $4,110 $281,500 $94,300 $187,200
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Miloud Hraiba

    COM-PRO Real Estate Services, Inc

    (617) 851-2637

    1 in this area

    2 Total Sales

    Miloud Hraiba
    Section Image
  • Gustavo Veloz

    Buyer's Agent in 2021

    Gustavo Veloz

    COM-PRO Real Estate Services, Inc

    (857) 756-0295

    1 in this area

    44 Total Sales

    Gustavo Veloz
    Section Image

  • L

    Seller's Agent in 2013

    Listing Group

    Lamacchia Realty, Inc.

  • Cynthia Johnson

    Buyer's Agent in 2013

    Cynthia Johnson

    Cynthia Johnson

    (603) 305-6976

    29 Total Sales

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72883997

MLS Property Information Network (MLS PIN)

APN: METH-000418-000164-000028B

Massachusetts Essex County Methuen 01844 The West End

497 Lowell St, Methuen, MA

Not Listed for Sale

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