NOT LISTED FOR SALE

81 Mount Vernon St Lowell, MA 01854

Acre Neighborhood

Estimated Value: $769,000 - $811,000

6 Beds
3 Baths
4,380 Sq Ft
$182/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $675,000 $154 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,865/month

2 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Jogging Path
  • Deck
  • Wood Flooring
  • Porch

About This Home

As of June 2023

Great Owner-occupied or Investment opportunity to own this huge 3-family. Walking distance to UMass Lowell. All units have the same layout, each with its own large storage closet on the same level as the unit. All units are currently or have been used as 4 bedrooms (1 BR in each unit with no closet) each unit has a large kitchen, living room with built-ins, a separate pantry and large covered wood deck or balcony. 2nd floor bathroom remodeled, New furnaces installed in 2018 & 2022, new hot water tank 2023, newly built front porch, newer 50-year roof. Top floor is empty, newly renovated & ready to move right into. Rents are under current market prices. Long-term tenants on 1st & 2nd floor would like to stay. The utilities are all separate, the water bill is the owner's responsibility. Each unit has 2 tandem driveway parking spots. There is also parking available in front of the house on the street.

Last Agent to Sell the Property

Nancy Rogers

LAER Realty Partners Listed on: 05/04/2023

LAER Realty Partners

Co-Listed By

Celeste Dunn

LAER Realty Partners

Last Buyer's Agent

Nancy Rogers

LAER Realty Partners Listed on: 05/04/2023

LAER Realty Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,940

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • 5,298 Sq Ft Lot
  • Kennel
  • Stone Wall
  • Level Lot

Home Design

  • 4,380 Sq Ft Home
  • Stone Foundation
  • Frame Construction

Flooring

  • Wood
  • Laminate
  • Concrete
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

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

Parking

  • 6 Car Parking Spaces
  • Tandem Parking
  • Shared Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Deck
  • Outdoor Storage
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Schools

  • LHS High School

Utilities

  • No Cooling
  • 3 Heating Zones
  • Heating Available
  • Separate Meters
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $2,800
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:117 B:4230 L:81

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Park
  • Jogging Path

Building Details

  • Net Operating Income $33,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,940

Year Built

Built in 1900 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Property Condition: Unit 3 Remodeled
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 1.5
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood,Tile,Vinyl,Concrete,Laminate,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors,Stone/Ceramic Tile Floor), Unit 3(Hardwood Floors)
  • Interior Amenities: Unit 1(Pantry,Storage,Bathroom With Tub & Shower), Unit 2(Pantry,Storage,Bathroom With Tub & Shower), Unit 3(Pantry,Storage,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen,Office/Den), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Gas Water Heater,Tank Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Interior Entry, Dirt Floor, Concrete, Unfinished
  • Living Area: 4380
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN1199
  • LIST PRICE PER Sq Ft: 150.66
  • PRICE PER Sq Ft: 154.11
  • MAIN SO: AN1199

Exterior Features

  • Exterior Features: Storage, Kennel, Stone Wall, Unit 1 Balcony/Deck, Unit 2 Balcony/Deck, Unit 3 Balcony/Deck
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed, Fenced
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck - Roof, Deck - Wood
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Shared Driveway, Off Street, Tandem, Assigned, Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None)
  • Heating: Unit 1(Hot Water Baseboard,Gas), Unit 2(Hot Water Baseboard,Steam,Gas), Unit 3(Hot Water Baseboard,Steam,Gas)
  • Cooling Y N: No
  • Electric: Circuit Breakers, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Public School, University, Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:117 B:4230 L:81
  • Zoning: TMF
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5298
  • Lot Size Units: Acres
  • PAGE: 281
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5940
  • Tax Book Number: 189

Multi Family

  • Gross Income: 33600
  • Net Operating Income: 33600
  • Number Of Units Total: 3
  • Total Actual Rent: 2800
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

MLS Schools

  • High School: Lhs

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2023 06/30/23 Sold $675,000 +2.3% $154 / Sq Ft
05/07/2023 05/07/23 Pending -- -- --
05/04/2023 05/04/23 For Sale $659,900 -- $151 / 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 $7,659 $667,200 $107,800 $559,400
2024 $6,527 $548,000 $100,800 $447,200
2023 $6,399 $515,200 $87,600 $427,600
2022 $5,940 $468,100 $79,700 $388,400
2021 $5,132 $381,300 $69,300 $312,000
2020 $4,580 $342,800 $59,100 $283,700
2019 $4,410 $314,100 $52,200 $261,900
2018 $4,013 $278,900 $49,700 $229,200
2017 $3,802 $254,800 $45,200 $209,600
2016 $3,564 $235,100 $45,200 $189,900
2015 $3,392 $219,100 $46,600 $172,500
2013 $3,373 $224,700 $61,900 $162,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73107553

MLS Property Information Network (MLS PIN)

APN: LOWE-000117-004230-000081