NOT LISTED FOR SALE

Estimated Value: $628,382 - $768,000

7 Beds
3 Baths
3,519 Sq Ft
$207/Sq Ft Est. Value

Last Sold August 17, 2021

Last sale price $595,000 $169 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,527/month

5 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating Available
  • Corner Lot
  • Laundry Room

About This Home

As of August 2021

REMARKABLE Multi 3 Family Home located in Lowell's back central neighborhood. Great opportunity for an investor, leases are in place, solid tenants, and high rents. This unique property is offering newly renovated KITCHENS & BATHROOMS a new roof along with a washer/dryer located in EACH unit. As you enter each unit please take notice of gleaming newly refinished hardwood floors, and the great space these units offer with high ceilings and all the new updates. Only minutes to Lowell Connector and major highway, also commuter rail is within walking distance. Please refer to the feature sheet for all the updates that have been done to this property. You don't want to miss this OPEN HOUSE 6/17 FROM 3 PM TO 7 PM.

Last Agent to Sell the Property

Denise Hodgdon

William Raveis R.E. & Home Services Listed on: 06/14/2021

William Raveis R.E. & Home Services

Last Buyer's Agent

Denise Hodgdon

William Raveis R.E. & Home Services Listed on: 06/14/2021

William Raveis R.E. & Home Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,928

Year Built

  • Built in 1890

Lot Details

  • 2,614 Sq Ft Lot
  • Corner Lot

Parking

  • 1 Car Parking Space

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,519 Sq Ft Home
  • Property has 2 Levels
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Utilities

  • Cooling Available
  • Heating Available
  • Natural Gas Connected
  • Gas Water Heater

Community Details

  • 3 Units
  • Net Operating Income $19,200

Listing and Financial Details

  • Total Actual Rent $4,850
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:181 B:3635 L:77,3190485

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,928

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1890
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 2
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Wood,Vinyl
  • Interior Amenities: Unit 1(Ceiling Fans), Unit 3(Ceiling Fans), Unit 1 Rooms(Living Room,Kitchen,Office/Den), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen,Sunroom)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator,Washer,Dryer), Unit 2(Range,Refrigerator,Washer,Dryer), Unit 3(Range,Refrigerator,Washer,Dryer), Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Unit 1 Laundry Room
  • Basement: Full
  • Living Area: 3519
  • Stories Total: 4
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 167.63
  • PRICE PER Sq Ft: 169.08
  • MAIN SO: AN6181

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Unit 1(Window AC), Unit 2(Window AC), Unit 3(Window AC)
  • Heating: Unit 1(Hot Water Baseboard), Unit 2(Hot Water Baseboard,Gas), Unit 3(Hot Water Baseboard,Gas)
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)

Lot Info

  • Parcel Number: M:181 B:3635 L:77,3190485
  • Zoning: M3001
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2613.6
  • Lot Size Units: Acres
  • LOT SIZE: 2700
  • PAGE: 207

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4928
  • Tax Book Number: 33527

Multi Family

  • Gross Income: 19200
  • Net Operating Income: 19200
  • Number Of Units Total: 3
  • Total Actual Rent: 4850
  • LEVELS 1: 2
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 2
  • FLRS 2: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2019
Closed on
Oct 10, 2019
Sold by
Eng Rida and Som Lom A
Bought by
Bettencourt Paul P and Bettencourt Elidia D
Seller's Agent
Daniel Tan
Urban Real Estate
Buyer's Agent
Daniel Tan
Urban Real Estate
List Price
$349,900
Sold Price
$400,000
Premium/Discount to List
$50,100
14.32%
Current Estimated Value
$727,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$327,346
Avg. Annual Appreciation
10.68%
Original Mortgage
$380,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2001
Sold by
Cunha Arthur M and Cunha Maria M
Bought by
Eng Rida and Som Lom Ang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,373
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
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
Bettencourt Paul P $400,000 --
Eng Rida $170,000 --
Eng Rida $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ling Con W $487,500
Closed Ling Con W $365,000
Closed Bettencourt Paul P $380,000
Previous Owner Som Lo Ang $90,700
Previous Owner Som Lom Ang $170,000
Previous Owner Som Lom Ang $60,600
Previous Owner Eng Rida $167,373
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2021 08/17/21 Sold $595,000 +0.9% $169 / Sq Ft
06/19/2021 06/19/21 Pending -- -- --
06/14/2021 06/14/21 For Sale $589,900 +47.5% $168 / Sq Ft
11/05/2019 11/05/19 Sold $400,000 0.0% $114 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
07/02/2019 07/02/19 Price Changed $399,900 -2.4% $114 / Sq Ft
06/11/2019 06/11/19 Price Changed $409,900 -2.4% $116 / Sq Ft
05/21/2019 05/21/19 Price Changed $419,900 +20.0% $119 / Sq Ft
05/15/2019 05/15/19 For Sale $349,900 -- $99 / 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 $6,756 $588,500 $100,400 $488,100
2024 $6,399 $537,300 $90,500 $446,800
2023 $6,285 $506,000 $78,700 $427,300
2022 $5,714 $450,300 $62,100 $388,200
2021 $4,928 $366,100 $54,000 $312,100
2020 $4,393 $328,800 $45,000 $283,800
2019 $4,265 $303,800 $41,700 $262,100
2018 $3,837 $269,200 $39,700 $229,500
2017 $3,778 $253,200 $43,300 $209,900
2016 $3,575 $235,800 $43,500 $192,300
2015 $3,272 $211,400 $43,500 $167,900
2013 $2,766 $184,300 $50,200 $134,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72849314

MLS Property Information Network (MLS PIN)

APN: LOWE-000181-003635-000077