Seller's Agent in 2025
Justin Melo
Laer Realty
(978) 758-5028
2 in this area
25 Total Sales
72 3rd St Lowell, MA 01850
Centralville NeighborhoodEstimated Value: $487,000 - $706,000
5
Beds
3
Baths
2,898
Sq Ft
$216/Sq Ft
Est. Value
Highlights
- Deck
- Corner Lot
- Coin Laundry
- Property is near public transit and schools
- Park
- Carpet
About This Home
As of October 2025Don’t miss this turnkey 3-family in Lowell! 2 units have been updated, spacious layouts, and nothing to do, making it perfect for investors or owner-occupants. Featuring separate utilities for each unit, off-street parking for multiple vehicles, and close proximity to schools, shopping, restaurants, and public transportation, this property offers strong rental potential and minimal maintenance needs—an ideal opportunity to add to your portfolio or live in one unit while collecting rent from the others.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,151
Year Built
- Built in 1900
Lot Details
- 2,614 Sq Ft Lot
- Corner Lot
Parking
- 3 Car Parking Spaces
Home Design
- Triplex
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,898 Sq Ft Home
- Property has 1 Level
- Basement Fills Entire Space Under The House
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Additional Features
- Deck
- Property is near public transit and schools
- 100 Amp Service
Community Details
Recreation
- Park
Additional Features
- 3 Units
- Coin Laundry
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 13, 2025
Closed on
Oct 24, 2025
Sold by
Venture Estate Llc
Bought by
Perez Elmer O
Seller's Agent
Justin Melo
LAER Realty Partners
Buyer's Agent
steven mallia
RE/MAX Beacon
List Price
$699,900
Sold Price
$699,900
Views
33
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$74,900
Avg. Annual Appreciation
-36.41%
Original Mortgage
$654,905
Outstanding Balance
$653,534
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$28,534
Purchase Details
Closed on
Dec 21, 2021
Sold by
Melo Justin R
Bought by
Venture Estates Llc
Purchase Details
Closed on
May 28, 2015
Sold by
Melo Rigoberto M and Melo Justin R
Bought by
Melo Justin R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,900
Interest Rate
3.65%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 26, 2013
Closed on
Aug 30, 2013
Sold by
Fragala David C
Bought by
Melo Rigoberto M and Melo Justin R
Seller's Agent
Tony Ducharme
Berkshire Hathaway HomeServices Verani Realty Methuen
Buyer's Agent
Justin Melo
LAER Realty Partners
List Price
$259,900
Sold Price
$213,925
Premium/Discount to List
-$45,975
-17.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.02%
Original Mortgage
$160,443
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 25, 2009
Sold by
Cockett David C and Cockett Marie A
Bought by
Fragala David C
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Perez Elmer O | $699,900 | -- | |
| Venture Estates Llc | -- | None Available | |
| Venture Estates Llc | -- | None Available | |
| Melo Justin R | -- | -- | |
| Melo Justin R | -- | -- | |
| Melo Rigoberto M | $215,000 | -- | |
| Melo Rigoberto M | $215,000 | -- | |
| Melo Rigoberto M | $215,000 | -- | |
| Fragala David C | $175,000 | -- | |
| Fragala David C | $175,000 | -- | |
| Fragala David C | $175,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Perez Elmer O | $654,905 | |
| Previous Owner | Melo Justin R | $193,900 | |
| Previous Owner | Melo Rigoberto M | $160,443 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/24/2025 10/24/25 | Sold | $699,900 | 0.0% | $242 / Sq Ft | |
| 09/05/2025 09/05/25 | Pending | -- | -- | -- | |
| 08/13/2025 08/13/25 | For Sale | $699,900 | +227.2% | $242 / Sq Ft | |
| 08/30/2013 08/30/13 | Sold | $213,925 | +33.7% | $74 / Sq Ft | View Prior Sale |
| 07/31/2013 07/31/13 | Pending | -- | -- | -- | |
| 05/10/2013 05/10/13 | Sold | $160,000 | -38.4% | $40 / Sq Ft | View Prior Sale |
| 04/26/2013 04/26/13 | For Sale | $259,900 | +45.2% | $90 / Sq Ft | |
| 04/10/2013 04/10/13 | Pending | -- | -- | -- | |
| 01/30/2013 01/30/13 | For Sale | $179,000 | -- | $45 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $6,151 | $535,800 | $110,300 | $425,500 |
| 2024 | $5,731 | $481,200 | $91,600 | $389,600 |
| 2023 | $5,618 | $452,300 | $79,700 | $372,600 |
| 2022 | $5,100 | $401,900 | $63,400 | $338,500 |
| 2021 | $4,408 | $327,500 | $55,100 | $272,400 |
| 2020 | $4,047 | $302,900 | $55,100 | $247,800 |
| 2019 | $3,879 | $276,300 | $47,400 | $228,900 |
| 2018 | $3,536 | $245,700 | $45,100 | $200,600 |
| 2017 | $3,305 | $221,500 | $37,900 | $183,600 |
| 2016 | $3,128 | $206,300 | $39,700 | $166,600 |
| 2015 | $2,977 | $192,300 | $40,900 | $151,400 |
| 2013 | $2,622 | $174,700 | $49,200 | $125,500 |
Source: Public Records
Agents Affiliated with this Home
-
Justin Melo
-
Nancy Rogers
Seller Co-Listing Agent in 2025
Nancy Rogers
Laer Realty
(978) 251-8221
10 in this area
214 Total Sales
-
steven mallia
s
Buyer's Agent in 2025
steven mallia
RE/MAX
1 in this area
6 Total Sales
-
E
Seller's Agent in 2013
Eddie Hoskins
Hoskins Realty, Inc.
-
Tony Ducharme
Seller's Agent in 2013
Tony Ducharme
Berkshire Hathaway HomeServices Verani Realty Methuen
(978) 505-9296
6 in this area
62 Total Sales
-
David Nicholaou
Buyer's Agent in 2013
David Nicholaou
RE/MAX
(978) 866-3135
4 in this area
56 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73417527
APN: LOWE-000197-005675-000072
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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