NOT LISTED FOR SALE

591 Varnum Ave Lowell, MA 01854

Pawtucketville Neighborhood

Estimated Value: $746,915 - $900,000

6 Beds
3 Baths
4,046 Sq Ft
$202/Sq Ft Est. Value

Last Sold October 16, 2023

Last sale price $660,000 $163 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,947/month

18 Days on Market

Highlights

  • Golf Course Community
  • Deck
  • Wood Flooring
  • Medical Services
  • Property is near public transit and schools
  • Jogging Path

About This Home

As of October 2023

Welcome to this charming 3-family home nestled in the heart of Lowell, Massachusetts! This property offers an unparalleled investment opportunity or the chance to own your own multi-family oasis. Each unit boasts its unique character, with spacious layouts, abundant natural light, and separate utilities for each. With a total of three units, there is plenty of potential for rental income, making it an ideal choice for both investors and homebuyers looking for supplemental income. The highlight of this gem is undoubtedly the private, fenced-in backyard, providing an inviting space for relaxation and entertainment. Additionally, the convenience of off-street parking alleviates any parking concerns. Located in Lowell, a city renowned for its historical significance and thriving community, this property is just minutes away from schools, parks, shopping, and dining options. Property to be sold as-is. Sale to include 1 year AHS SheildComplete Home Warranty

Last Agent to Sell the Property

Gregory Kydd

Coldwell Banker Realty Listed on: 08/02/2023

Coldwell Banker Realty

Last Buyer's Agent

Emmanuel Frias

Home Realty Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,520

Year Built

  • Built in 1850

Lot Details

  • 7,739 Sq Ft Lot
  • Fenced
  • Level Lot

Home Design

  • Triplex
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 4,046 Sq Ft Home
  • Insulated Windows

Kitchen

  • Dishwasher
  • Compactor

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Dirt Floor

Parking

  • 6 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Bulkhead
  • Deck
  • Patio

Location

  • Property is near public transit and schools

Schools

  • Pawtucketville Elementary School
  • Wang Middle School
  • Lowell High School

Utilities

  • Cooling Available
  • Heating Available
  • Natural Gas Connected

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Total Actual Rent $5,000
  • Assessor Parcel Number M:55 B:5880 L:591,3175686

Community Details

Overview

  • 3 Units
  • Property has 2 Levels

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Net Operating Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,520

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Side by Side
  • Year Built: 1850
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood,Tile,Carpet,Laminate, Unit 2(Tile Floor,Wall to Wall Carpet), Unit 3(Tile Floor,Wall to Wall Carpet)
  • Interior Amenities: Unit 1(Ceiling Fans,Bathroom With Tub & Shower), Unit 2(Storage,Bathroom With Tub & Shower), Unit 3(Storage,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen,Loft), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Dishwasher,Compactor,Refrigerator,Washer,Dryer), Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections Varies per Unit
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Washer Hookup, Unit 1 Laundry Room
  • Basement: Full, Interior Entry, Bulkhead, Dirt Floor, Unfinished
  • Living Area: 4046
  • Spa YN: No
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: AN6181
  • MAIN SO: AN7256

Exterior Features

  • Exterior Features: Deck,Deck - Wood,Patio,Storage Shed,Professional Landscaping,Sprinkler System,Fenced Yard,Garden Area, Unit 1 Balcony/Deck
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Stone
  • Home Warranty YN: Yes
  • Patio And Porch Features: Deck, Deck - Wood, Patio
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, Washer Hookup, Varies per Unit
  • Cooling: Unit 1(Central Air), Unit 2(Window AC), Unit 3(Window AC)
  • Heating: Unit 1(Steam,Gas,Individual), Unit 2(Forced Air,Gas,Individual), Unit 3(Hot Water Baseboard,Gas)
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, Private School, Public School, T-Station, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:55 B:5880 L:591,3175686
  • Zoning: SSF
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7739
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7520

Multi Family

  • Net Operating Income: 36000
  • Number Of Units Total: 3
  • Total Actual Rent: 5000
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • COOLING UNITS: 1
  • LEVELS 3: 2
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 1

MLS Schools

  • High School: Lowell High
  • Elementary School: Pawtucketville
  • Middle Or Junior School: Wang

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 2020
Sold by
Cunningham Thomas W and Cunningham Dawn D
Bought by
Cunningham Ret and Cunningham
Current Estimated Value
$818,229

Purchase Details

Closed on
Oct 31, 1985
Bought by
Cunningham Thomas W and Cunningham Dawn D
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
Cunningham Ret -- None Available
Cunningham Ret -- None Available
Cunningham Thomas W $159,900 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2023 10/16/23 Sold $660,000 -5.7% $163 / Sq Ft
08/21/2023 08/21/23 Pending -- -- --
08/02/2023 08/02/23 For Sale $699,900 -- $173 / 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 $8,070 $703,000 $162,700 $540,300
2024 $7,703 $646,800 $152,000 $494,800
2023 $7,520 $605,500 $132,200 $473,300
2022 $6,985 $550,400 $120,200 $430,200
2021 $6,072 $451,100 $104,600 $346,500
2020 $5,639 $422,100 $106,700 $315,400
2019 $5,411 $385,400 $94,000 $291,400
2018 $4,965 $345,000 $89,500 $255,500
2017 $4,706 $315,400 $81,400 $234,000
2016 $4,302 $283,800 $75,900 $207,900
2015 $4,074 $263,200 $74,300 $188,900
2013 $3,746 $249,600 $93,400 $156,200
Source: Public Records

Agents Affiliated with this Home

  • Gregory Kydd

    Seller's Agent in 2023

    Gregory Kydd

    Coldwell Banker Realty

    (978) 866-6641

    1 in this area

    70 Total Sales

    Gregory Kydd
    Section Image
  • Emmanuel Frias

    Buyer's Agent in 2023

    Emmanuel Frias

    Home Realty Group LLC

    (978) 377-1884

    2 in this area

    125 Total Sales

    Emmanuel Frias
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73143315

MLS Property Information Network (MLS PIN)

APN: LOWE-000055-005880-000591

Massachusetts Middlesex County Lowell 01854 Pawtucketville

591 Varnum Ave, Lowell, MA

Not Listed for Sale

MultiFamily

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