Seller's Agent in 2024
Jason Newbury
Laer Realty
(978) 835-3806
2 in this area
45 Total Sales
506 Gorham St Lowell, MA 01852
Back Central Neighborhood
6
Beds
5
Baths
3,976
Sq Ft
5,663
Sq Ft Lot
About This Home
As of December 2024Great investor opportunity! This 5-unit building consists of four 1-bedroom apartments and one 2-bedroom apartment. Off street parking. Walking distance to downtown, shopping, dining, bus stops and train station. Close to major highways and Umass Lowell. All 5 units are occupied by long term tenants. Open house this coming Saturday 10/12 from 12-2pm
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,915
Year Built
- Built in 1910
Lot Details
- 5,663 Sq Ft Lot
- Level Lot
Parking
- 4 Car Parking Spaces
Home Design
- 3,976 Sq Ft Home
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Full Bathrooms
Listing and Financial Details
- Total Actual Rent $4,550
- Assessor Parcel Number 3190622
Community Details
Overview
- 5 Units
- Property has 1 Level
Building Details
- Insurance Expense $4,523
- Water Sewer Expense $2,233
- Operating Expense $6,756
- Net Operating Income $54,600
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 7, 2024
Closed on
Dec 27, 2024
Sold by
Bought by
Seller's Agent
Jason Newbury
LAER Realty Partners
Buyer's Agent
Team Zingales
Team Zingales Realty, LLC
List Price
$719,000
Sold Price
$525,000
Premium/Discount to List
-$194,000
-26.98%
Views
73
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,000
Interest Rate
0.0678%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 12, 1995
Sold by
Bought by
Purchase Details
Closed on
Jul 2, 1987
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $525,000 | None Available | ||
| $35,000 | -- | ||
| $300,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $393,000 | ||
| Closed | $430,000 | ||
| Closed | $80,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/30/2024 12/30/24 | Sold | $525,000 | -12.4% | $132 / Sq Ft |
| 10/16/2024 10/16/24 | Pending | -- | -- | -- |
| 10/07/2024 10/07/24 | Price Changed | $599,000 | -7.7% | $151 / Sq Ft |
| 09/18/2024 09/18/24 | Price Changed | $649,000 | -7.2% | $163 / Sq Ft |
| 08/27/2024 08/27/24 | Price Changed | $699,000 | -2.8% | $176 / Sq Ft |
| 08/07/2024 08/07/24 | For Sale | $719,000 | -- | $181 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $7,009 | $610,500 | $125,000 | $485,500 |
| 2024 | $6,915 | $580,600 | $112,800 | $467,800 |
| 2023 | $7,028 | $565,900 | $98,100 | $467,800 |
| 2022 | $6,042 | $476,100 | $77,400 | $398,700 |
| 2021 | $5,653 | $420,000 | $67,300 | $352,700 |
| 2020 | $5,462 | $408,800 | $56,100 | $352,700 |
| 2019 | $4,532 | $322,800 | $51,900 | $270,900 |
| 2018 | $4,388 | $304,900 | $49,400 | $255,500 |
| 2017 | $4,082 | $273,600 | $53,900 | $219,700 |
| 2016 | $4,152 | $273,900 | $54,200 | $219,700 |
| 2015 | $3,724 | $240,600 | $54,200 | $186,400 |
| 2013 | $3,370 | $224,500 | $62,600 | $161,900 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Newbury
-
Team Zingales
T
Buyer's Agent in 2024
Team Zingales
Team Zingales Realty, LLC
(888) 832-6910
1 in this area
151 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73274690
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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