S
Seller's Agent in 2016
Salihu Mohammed
Dick Lepine Real Estate,Inc.
(978) 937-4044
1 in this area
33 Total Sales
559 Broadway St Lowell, MA 01854
Acre Neighborhood
18
Beds
8
Baths
7,606
Sq Ft
4,792
Sq Ft Lot
About This Home
As of May 2016Attention investors! Calling on all serious investors on this solid investment opportunity. This is an 8 family building. Six units consist of 4 rooms, 2 bedrooms and 1 bath and two units have 5 rooms, 3 bedrooms and 1 bath. Completely separate utilities,some new windows and mostly heated by forced hot air by gas. Rubber roof is only about 8yr old . Currently fully rented with rents way below market. Conveniently located close to shopping, laundromat, UMASS Lowell and much more. This is a diamond in the rough that needs some TLC to bring back the shine and full potential for return on your investment. Look beyond the rough and see a great money making potential. The numbers work in every way! Priced to sell and can close quickly!!
Property Details
Home Type
Multi-Family
Year Built
1890
Lot Details
4,792 Sq Ft Lot
Listing Details
- Lot Description: Corner
- Property Type: Multi-family
- Other Agent: 2.00
- Lead Paint: Unknown
- Special Features: None
- Property Sub Type: MultiFamily
- Stories: 2
- Year Built: 1890
Interior Features
- Has Basement: Yes
- Number of Rooms: 8
- Electric: Circuit Breakers
- Basement: Full
- Total Levels: 2
Exterior Features
- Foundation: Fieldstone
Garage/Parking
- Parking: On Street Permit
Utilities
- Hot Water: Natural Gas
- Sewer: City/Town Sewer
- Water: City/Town Water
Condo/Co-op/Association
- Total Units: 8
Lot Info
- Zoning: UMU
Multi Family
- Total Bedrooms: 18
- Total Floors: 3
- Total Full Baths: 8
- Total Levels: 3
- Total Rms: 34
- Total Rent_1: 5875
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
Feb 3, 2016
Closed on
May 12, 2016
Sold by
Bought by
Seller's Agent
Salihu Mohammed
Dick Lepine Real Estate,Inc.
Buyer's Agent
Salihu Mohammed
Dick Lepine Real Estate,Inc.
List Price
$399,900
Sold Price
$350,000
Premium/Discount to List
-$49,900
-12.48%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
0.0371%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 8, 1999
Sold by
Bought by
Purchase Details
Closed on
Dec 1, 1997
Sold by
Bought by
Purchase Details
Closed on
Dec 6, 1995
Sold by
Bought by
Purchase Details
Closed on
Nov 29, 1994
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 |
|---|---|---|---|
| $350,000 | -- | ||
| $167,000 | -- | ||
| $55,000 | -- | ||
| $50,000 | -- | ||
| $50,000 | -- |
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 |
|---|---|---|---|
| Open | $700,000 | ||
| Closed | $280,000 | ||
| Previous Owner | $450,000 | ||
| Closed | $300,000 |
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 |
|---|---|---|---|---|
| 05/12/2016 05/12/16 | Sold | $350,000 | -12.5% | $46 / Sq Ft |
| 02/19/2016 02/19/16 | Pending | -- | -- | -- |
| 02/01/2016 02/01/16 | For Sale | $399,900 | -- | $53 / 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 | $14,102 | $1,228,400 | $277,200 | $951,200 |
| 2024 | $13,872 | $1,164,700 | $258,800 | $905,900 |
| 2023 | $13,483 | $1,085,600 | $225,000 | $860,600 |
| 2022 | $11,517 | $907,600 | $160,200 | $747,400 |
| 2021 | $10,718 | $796,300 | $139,500 | $656,800 |
| 2020 | $10,639 | $796,300 | $139,500 | $656,800 |
| 2019 | $8,573 | $610,600 | $139,500 | $471,100 |
| 2018 | $8,525 | $592,400 | $139,500 | $452,900 |
| 2017 | $8,158 | $546,800 | $139,500 | $407,300 |
| 2016 | $7,807 | $515,000 | $126,000 | $389,000 |
| 2015 | $7,548 | $487,600 | $126,000 | $361,600 |
| 2013 | $6,908 | $460,200 | $144,000 | $316,200 |
Source: Public Records
Agents Affiliated with this Home
-
Salihu Mohammed
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71955549
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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