NOT LISTED FOR SALE

Estimated Value: $670,842 - $756,000

6 Beds
2 Baths
3,148 Sq Ft
$232/Sq Ft Est. Value

Last Sold July 22, 2021

Last sale price $554,000 $176 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,492/month

28 Days on Market

About This Home

As of July 2021

Fantastic opportunity to own a solid two-family property within walking distance to both UMass Lowell North and South campuses. This sunny bright two-family property offers 3 separate structures – a two family home, 8 garages and an approximate 1800 sf two story carriage barn. Each unit in the home has a very large kitchen including a refrigerator, stove, and dishwasher, 3 bedrooms, living room, bathroom, washer and dryer. The 2nd floor unit has its own private 160 sf roof top deck. Plenty of off-street parking. The units are well maintained, have their own separate utilities as well as a 24-hour monitored security system. This rare investment opportunity is conveniently located within walking distance to downtown Lowell, minutes to the MBTA train station, and Lowell Connector. Come and check out all that this property has to offer. Buyer to assume 1st floor tenant the 2nd floor will be vacant on July 31st.

Last Agent to Sell the Property

George Terris

Dean C. Sarris Real Estate, Inc. License #456011239 Listed on: 04/28/2021

Last Buyer's Agent

Yu Tang

MyPlace Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,467

Year Built

  • Built in 1890

Lot Details

  • 9,148

Parking

  • 9 Car Garage

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile
  • Vinyl

Additional Features

  • Deck
  • Natural Gas Water Heater
  • Basement

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,467

Year Built

Built in 1890

Lot Details

0

Parking

9

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.00
  • Insc: 1478
  • Year Built Description: Actual
  • List Price Per Sq Ft: 180.75
  • Comp Based On: Net Sale Price
  • Year Built: 1890
  • Lead Paint: Unknown
  • Levels: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Flooring: Tile, Vinyl, Wall to Wall Carpet, Hardwood
  • Total Flrs: 3
  • No Bedrooms: 6
  • Total Brs: 6
  • Full Bathrooms: 2
  • Total Fbh: 2
  • No Rooms: 10
  • Basement: Y
  • Basement Features: Full
  • Main Lo: D70001
  • Main So: G80035
  • Estimated Sq Ft: 3148.00

Exterior Features

  • Construction: Frame
  • Roof Material: Slate
  • Exterior: Vinyl
  • Exterior Features: Deck - Roof
  • Foundation: Fieldstone
  • Foundation Size: Irregular

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 6
  • Garage Spaces: 9

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 110 Volts, 100 Amps
  • Heat Zones: 2
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Swimming Pool, Park, Medical Facility, Laundromat

Lot Info

  • Assessments: 377200.00
  • Acre: 0.21
  • Lot Size: 9138.00
  • Page: 240
  • Zoning: Res
  • Lot Description: Paved Drive

Green Features

  • Energy Features: Insulated Windows

Multi Family

  • APOD Available: Yes
  • Heat Units: 2
  • Total Levels: 2
  • Total Rms: 10
  • No Units: 2
  • Mf Type: 2 Family - 2 Units Up/Down

Tax Info

  • Taxes: 5039.00
  • Assessor Parcel Number: 3182695
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2021
Closed on
Jul 22, 2021
Sold by
Vak Realty Llc
Bought by
Prak Varin
Seller's Agent
George Terris
Dean C. Sarris Real Estate, Inc.
Buyer's Agent
Yu Tang
MyPlace Realty
List Price
$569,000
Sold Price
$554,000
Premium/Discount to List
-$15,000
-2.64%
Current Estimated Value
$729,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,961
Avg. Annual Appreciation
6.74%
Original Mortgage
$499,592
Outstanding Balance
$453,717
Interest Rate
2.96%
Mortgage Type
FHA
Estimated Equity
$276,244

Purchase Details

Closed on
Jul 17, 2015
Sold by
Krikoris Gregory
Bought by
Vak Realty Llc
Source: Public Records

Range of Values:

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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
Prak Varin $554,000 None Available
Vak Realty Llc -- --
Vak Realty Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prak Varin $499,592
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2021 07/22/21 Sold $554,000 -2.6% $176 / Sq Ft
05/26/2021 05/26/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $569,000 -- $181 / 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 $7,467 $650,400 $117,900 $532,500
2024 $6,929 $581,800 $110,200 $471,600
2023 $6,467 $520,700 $95,800 $424,900
2022 $5,992 $472,200 $87,100 $385,100
2021 $5,574 $414,100 $75,800 $338,300
2020 $5,039 $377,200 $64,600 $312,600
2019 $4,553 $324,300 $57,100 $267,200
2018 $4,003 $294,600 $54,400 $240,200
2017 $4,019 $269,400 $49,400 $220,000
2016 $4,084 $269,400 $49,400 $220,000
2015 $3,776 $243,900 $50,900 $193,000
2013 $3,262 $217,300 $67,700 $149,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72821763

MLS Property Information Network (MLS PIN)

APN: LOWE-000118-006400-000007