Donnie Crowell
LAER Realty Partners/Chelmsford
(351) 208-2762
90 Total Sales
1 in Lower Highlands
$430,000 Price
712 School St Lowell, MA 01851
Lower Highlands Neighborhood
7
Beds
4
Baths
3,348
Sq Ft
3,049
Sq Ft Lot
Highlights
- Property is near public transit
- Coin Laundry
- Heating Available
- Corner Lot
- Vinyl Flooring
About This Home
As of May 2022Great corner lot with plenty of on street parking. Recently updated Navien on demand heating systems as well as new electrical throughout. All units are rented well below fair market value, so the building just needs rent raises and it will produce a lot of cash flow with very little headaches. Easy access to the Lowell Connector and walking distance to public transportation for the tenants. Don't miss your chance to buy an all around solid building that will generate great returns and always have a high tenant demand.
Co-Listed By
Eric Paul
J. Borstell Real Estate, Inc.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,611
Year Built
- Built in 1900
Lot Details
- 3,049 Sq Ft Lot
- Corner Lot
Parking
- Open Parking
Home Design
- Stone Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 3,348 Sq Ft Home
- Vinyl Flooring
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Full Bathrooms
Location
- Property is near public transit
Utilities
- 4 Heating Zones
- Heating Available
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $5,225
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Legal Lot and Block 712 / 5240
- Assessor Parcel Number 3183604
Community Details
Overview
- 4 Units
- Property has 1 Level
Amenities
- Coin Laundry
Building Details
- Electric Expense $332
- Insurance Expense $4,905
- Water Sewer Expense $2,957
- Operating Expense $8,194
- Net Operating Income $62,700
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
Mar 4, 2022
Closed on
May 5, 2022
Sold by
Bought by
Seller's Agent
Patrick Hermans
J. Borstell Real Estate, Inc.
Buyer's Agent
Laurence Tamkin
Boston Commercial Realty
List Price
$675,000
Sold Price
$615,000
Premium/Discount to List
-$60,000
-8.89%
Purchase Details
Closed on
Aug 18, 2016
Sold by
Bought by
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
3.43%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 9, 2015
Sold by
Bought by
Purchase Details
Closed on
Feb 12, 2013
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,400
Interest Rate
3.38%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 12, 2011
Sold by
Bought by
Purchase Details
Closed on
Jul 28, 1971
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lower Highlands, MA
-
Donnie Crowell
-
The Espinola Group
TG
The Espinola Group
Keller Williams Realty-Merrimack
7 Total Sales
1 in Lower Highlands
$495,000 Price
-
Kelly Espinola
Kelly Espinola
Keller Williams Realty-Merrimack
(351) 215-0914
147 Total Sales
2 in Lower Highlands
$400K - $990K Price Range
-
Nina Sable
Nina Sable
William Raveis R.E. & Home Services
(774) 341-4973
70 Total Sales
1 in Lower Highlands
$375,000 Price
-
Michael Page
Michael Page
LAER Realty Partners
(351) 208-1250
105 Total Sales
1 in Lower Highlands
$390,000 Price
-
Roc Noelsaint
Roc Noelsaint
Responds QuicklyReal Broker MA, LLC
(781) 645-4872
25 Total Sales
1 in Lower Highlands
$670,000 Price
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 |
|---|---|---|---|
| $615,000 | None Available | ||
| $200,000 | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- |
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 | $649,500 | ||
| Closed | $562,500 | ||
| Closed | $461,250 | ||
| Closed | $280,000 | ||
| Previous Owner | $130,400 |
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 |
|---|---|---|---|---|
| 05/19/2022 05/19/22 | Sold | $615,000 | -8.9% | $184 / Sq Ft |
| 03/08/2022 03/08/22 | Pending | -- | -- | -- |
| 03/04/2022 03/04/22 | For Sale | $675,000 | -- | $202 / 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 | $6,863 | $597,800 | $134,900 | $462,900 |
| 2024 | $6,754 | $567,100 | $121,400 | $445,700 |
| 2023 | $6,847 | $551,300 | $105,600 | $445,700 |
| 2022 | $6,020 | $474,400 | $96,000 | $378,400 |
| 2021 | $5,611 | $416,900 | $83,400 | $333,500 |
| 2020 | $5,430 | $406,400 | $72,900 | $333,500 |
| 2019 | $4,511 | $321,300 | $67,500 | $253,800 |
| 2018 | $3,445 | $300,200 | $61,400 | $238,800 |
| 2017 | $3,450 | $231,200 | $55,800 | $175,400 |
| 2016 | $3,466 | $228,600 | $53,200 | $175,400 |
| 2015 | $3,125 | $201,900 | $54,400 | $147,500 |
| 2013 | $2,979 | $198,500 | $65,100 | $133,400 |
Source: Public Records
Agents Affiliated with this Home
-
Patrick Hermans
Seller's Agent in 2022
Patrick Hermans
J. Borstell Real Estate, Inc.
(978) 580-7157
4 in this area
45 Total Sales
-
E
Seller Co-Listing Agent in 2022
Eric Paul
J. Borstell Real Estate, Inc.
-
Laurence Tamkin
Buyer's Agent in 2022
Laurence Tamkin
Boston Commercial Realty
(617) 922-4121
2 in this area
24 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72949204
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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