NOT LISTED FOR SALE

Estimated Value: $754,819 - $839,000

9 Beds
3 Baths
4,125 Sq Ft
$194/Sq Ft Est. Value

Last Sold March 16, 2022

Last sale price $684,500 $166 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $5,266/month

235 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Corner Lot
  • City View
  • Wood Flooring
  • Tennis Courts

About This Home

As of March 2022

Unique landmark 3 Family property with new roof August 2021. Convenient to almost every amenity anyone could need, and within a very short distance to many of them. All three units are in good condition and have 5 rooms, 3 bedrooms. Top floor unit has a spiral staircase up to a loft that looks out over the city. Plus offers porches, all separate utilities, coin-op laundry in the well-kept basement, and off street parking. All tenants are long term, are tenants at will, and renting at below market value.

Last Agent to Sell the Property

Jim Haley

Dick Lepine Real Estate, Inc. Listed on: 06/04/2021

Last Buyer's Agent

Jim Haley

Dick Lepine Real Estate, Inc. Listed on: 06/04/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,585

Year Built

  • Built in 1950

Lot Details

  • 7,841 Sq Ft Lot
  • Corner Lot
  • Sloped Lot

Property Views

  • City
  • Scenic Vista

Home Design

  • 4,125 Sq Ft Home
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Parking

  • 4 Car Parking Spaces
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Heating Available
  • Separate Meters
  • 100 Amp Service
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $4,700
  • Assessor Parcel Number M:196 B:780 L:697,4227968

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Tennis Courts
  • Park
  • Jogging Path

Building Details

  • Electric Expense $546
  • Insurance Expense $4,150
  • Operating Expense $4,925
  • Net Operating Income $53,875

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,585

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1950
  • Buyer Agency: 2.0
  • Buyer Agency Type: %
  • Transaction Broker: 2.0
  • Transaction Broker Type: %
  • Year Built Details: Approximate,Unknown/Mixed
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood,Tile,Carpet,Varies Per Unit
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Gas Water Heater
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Interior Entry, Concrete
  • Living Area: 4125
  • Stories Total: 6
  • Window Features: Storm Window(s)
  • MAIN LO: D49801
  • LIST PRICE PER Sq Ft: 184.22
  • PRICE PER Sq Ft: 165.94
  • MAIN SO: D49801

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • View: City View(s), Scenic View(s), City
  • View YN: Yes
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Central Heat,Forced Air,Gas), Unit 2(Central Heat,Forced Air,Gas), Unit 3(Central Heat,Forced Air,Gas)
  • Electric: Circuit Breakers, 100 Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, Sidewalks

Lot Info

  • Parcel Number: M:196 B:780 L:697,4227968
  • Zoning: TMF
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Sloped
  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Size Sq Ft: 7840.799999
  • Lot Size Units: Acres
  • LOT SIZE: 7936
  • PAGE: 48

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6585
  • Tax Book Number: 18444

Multi Family

  • Electric Expense: 546
  • Gross Income: 58800
  • Insurance Expense: 4150
  • Net Operating Income: 53875
  • Number Of Units Total: 3
  • Operating Expense: 4925
  • Total Actual Rent: 4700
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2021
Closed on
Mar 15, 2022
Sold by
Taylor Marion S
Bought by
Cerchione Robert M
Seller's Agent
Jim Haley
Dick Lepine Real Estate, Inc.
Buyer's Agent
Jim Haley
Dick Lepine Real Estate, Inc.
Sold Price
$684,500
Total Days on Market
235
Current Estimated Value
$801,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,455
Avg. Annual Appreciation
4.14%
Original Mortgage
$513,375
Outstanding Balance
$483,918
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$296,203

Purchase Details

Closed on
Feb 28, 2005
Sold by
Looney Daniel J and Looney Maureen K
Bought by
Garcia Marion S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2000
Sold by
Lowell City Of
Bought by
Looney Daniel J and Looney Maureen K

Purchase Details

Closed on
Jan 20, 1989
Sold by
Doherty Francis J
Bought by
Mercier Armand P
Source: Public Records

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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
Cerchione Robert M $684,500 None Available
Garcia Marion S $423,000 --
Garcia Marion S $423,000 --
Looney Daniel J $165,100 --
Looney Daniel J $165,100 --
Mercier Armand P $220,000 --
Mercier Armand P $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cerchione Robert M $513,375
Closed Cerchione Robert M $513,375
Previous Owner Mercier Armand P $217,500
Previous Owner Garcia Marion S $243,000
Previous Owner Looney Daniel J $181,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2022 03/16/22 Sold $684,500 0.0% $166 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
01/12/2022 01/12/22 For Sale -- -- --
01/05/2022 01/05/22 Off Market $684,500 -- --
10/05/2021 10/05/21 For Sale -- -- --
09/30/2021 09/30/21 Off Market $684,500 -- --
06/07/2021 06/07/21 Price Changed $759,900 -5.0% $184 / Sq Ft
06/03/2021 06/03/21 For Sale $799,900 -- $194 / 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 $9,163 $798,200 $147,900 $650,300
2024 $8,551 $718,000 $122,900 $595,100
2023 $8,395 $675,900 $106,900 $569,000
2022 $7,637 $601,800 $85,000 $516,800
2021 $6,585 $489,200 $74,000 $415,200
2020 $6,032 $451,500 $74,000 $377,500
2019 $5,786 $412,100 $63,600 $348,500
2018 $6,696 $365,600 $60,600 $305,000
2017 $4,921 $329,800 $50,900 $278,900
2016 $4,822 $318,100 $53,300 $264,800
2015 $4,573 $295,400 $54,900 $240,500
2013 $3,958 $263,700 $66,000 $197,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72843560

MLS Property Information Network (MLS PIN)

APN: LOWE-000196-000780-000697