NOT LISTED FOR SALE

556 Central St Lowell, MA 01852

Back Central Neighborhood

Estimated Value: $619,327 - $786,000

6 Beds
3 Baths
2,878 Sq Ft
$245/Sq Ft Est. Value

Last Sold March 27, 2023

Last sale price $635,000 $221 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,270/month

4 Days on Market

Highlights

  • Medical Services
  • Corner Lot
  • Park
  • Property is near public transit
  • Enclosed Patio or Porch
  • Tankless Water Heater

About This Home

As of March 2023

Newly Renovated, 2 Family Home in a Desirable Location in Lowell Massachusetts. Property is in exquisite, move in ready condition with Newly Painted Walls and Luxury Laminate Flooring, Tile and Hardwood flooring. This home has Spacious Bedrooms and Living rooms areas and eat in Kitchens. The property has Forced Air Heating Systems and Finished Basement. This 2 family home is perfect for the Owner-Occupied Buyer or Home Investor looking for their next Cash Cow! Situated on a Corner Lot, with two driveways, and a garden area. Conveniently located adjacent to the Lowell Connector, 495, Rt.3 and Commuter Rail.

Last Agent to Sell the Property

Kelly Espinola

Keller Williams Realty-Merrimack Listed on: 02/15/2023

Keller Williams Realty-Merrimack

Co-Listed By

Carolina Cruz

Keller Williams Realty - Merrimack

Last Buyer's Agent

Shirley Cunico

Doherty Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,843

Year Built

  • Built in 1900

Lot Details

  • 2,736 Sq Ft Lot
  • Corner Lot
  • Garden

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,878 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Insulated Doors
  • Washer

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 2 Car Parking Spaces
  • Driveway
  • On-Street Parking
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 2 Heating Zones
  • 100 Amp Service
  • Tankless Water Heater
  • Gas Water Heater

Additional Features

  • Energy-Efficient Thermostat
  • Enclosed Patio or Porch

Listing and Financial Details

  • Assessor Parcel Number M:180 B:1125 L:556,3190059

Community Details

Overview

  • 2 Units

Amenities

  • Medical Services
  • Coin Laundry

Recreation

  • Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,843

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Year Built Details: Actual,Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Varies Per Unit, Unit 2(Stone/Ceramic Tile Floor)
  • Interior Amenities: Unit 1(Ceiling Fans,Bathroom With Tub & Shower), Unit 2(Ceiling Fans,Crown Molding,Bathroom with Shower Stall), Unit 1 Rooms(Living Room,Kitchen,Office/Den), Unit 2 Rooms(Living Room,Kitchen,Office/Den)
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Unit 1(Microwave,Refrigerator,Washer,Dryer), Unit 2(Microwave,Refrigerator,Washer,Dryer), Gas Water Heater,Tankless Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Finished, Partially Finished, Walk-Out Access, Interior Entry
  • Living Area: 2878
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: G95166
  • MAIN SO: AC0904

Exterior Features

  • Exterior Features: Garden
  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter, Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Enclosed
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Asphalt/Composition Shingles
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, On Street, Driveway
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Electric: 100 Amp Service
  • Water Source: Public
  • SEWAGE DISTRICT: Lowel
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:180 B:1125 L:556,3190059
  • Zoning: TMU
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.06
  • Lot Size Sq Ft: 2736
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4843

Multi Family

  • Number Of Units Total: 2
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2025
Sold by
Favotto Emerson S
Bought by
556 Central Street Llc
Current Estimated Value
$704,332

Purchase Details

Listed on
Feb 15, 2023
Closed on
Mar 27, 2023
Sold by
Santos Walter M and Lobao Maria N
Bought by
Favotto Emerson S
Seller's Agent
Kelly Espinola
Keller Williams Realty-Merrimack
Buyer's Agent
Shirley Cunico
Doherty Properties
List Price
$579,900
Sold Price
$635,000
Premium/Discount to List
$55,100
9.5%
Views
126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.90%
Original Mortgage
$468,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 13, 2003
Sold by
Santos Gregorio and Santos Maria
Bought by
Lobao Maria Nazare and Santos Paul D

Purchase Details

Closed on
Jul 30, 1975
Bought by
Santos Gregorio
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
556 Central Street Llc -- --
Favotto Emerson S $635,000 None Available
Lobao Maria Nazare -- --
Lobao Maria Nazare -- --
Lobao Maria Nazare -- --
Santos Gregorio $32,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Favotto Emerson S $468,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2023 03/27/23 Sold $635,000 +9.5% $221 / Sq Ft
02/20/2023 02/20/23 Pending -- -- --
02/15/2023 02/15/23 For Sale $579,900 -- $201 / 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 $6,909 $601,800 $104,700 $497,100
2024 $5,949 $499,500 $94,400 $405,100
2023 $5,695 $458,500 $82,100 $376,400
2022 $4,843 $381,600 $64,800 $316,800
2021 $4,636 $344,400 $56,300 $288,100
2020 $4,146 $310,300 $46,900 $263,400
2019 $3,820 $272,100 $43,400 $228,700
2018 $3,715 $249,900 $41,400 $208,500
2017 $3,693 $247,500 $45,100 $202,400
2016 $3,605 $237,800 $45,400 $192,400
2015 $3,368 $217,600 $45,400 $172,200
2013 $2,985 $198,900 $52,300 $146,600
Source: Public Records

Agents Affiliated with this Home

  • Kelly Espinola

    Seller's Agent in 2023

    Kelly Espinola

    Keller Williams Realty-Merrimack

    (508) 982-6264

    6 in this area

    155 Total Sales

    Kelly Espinola
    Section Image

  • C

    Seller Co-Listing Agent in 2023

    Carolina Cruz

    Keller Williams Realty - Merrimack

    (978) 848-8674

    5 in this area

    50 Total Sales

    Carolina Cruz
    Section Image
  • Shirley Cunico

    Buyer's Agent in 2023

    Shirley Cunico

    Doherty Properties

    (978) 790-2275

    3 in this area

    90 Total Sales

    Shirley Cunico
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73079344

MLS Property Information Network (MLS PIN)

APN: LOWE-000180-001125-000556

Massachusetts Middlesex County Lowell 01852 Back Central

556 Central St, Lowell, MA

Not Listed for Sale

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