NOT LISTED FOR SALE

Estimated Value: $500,000 - $575,115

4 Beds
2 Baths
1,548 Sq Ft
$349/Sq Ft Est. Value

Last Sold October 25, 2024

Last sale price $535,000 $346 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,243/month

151 Days on Market

About This Home

As of October 2024

Don't miss out on this incredible investment opportunity! Nestled close to UMASS, this charming 2-family property offers not only a prime location but also a fantastic addition - an included parking lot situated on 11 Arthur Street. Step inside to discover the first-floor unit featuring 2 spacious bedrooms, an updated bathroom, a generously sized living room, and a well-appointed kitchen. Travel to the second level to find another recently updated unit boasting 2 bedrooms, 1 bathroom, a spacious living room, dining room, and kitchen. With easy access to UMass Lowell, Downtown Lowell, and major routes 93 and 495, this property is ideally located near shopping, restaurants, and more. Whether you're an investor seeking a lucrative opportunity or a first-time buyer looking for a comfortable home, this property has it all. Schedule your viewing today and seize this exceptional chance!

Last Agent to Sell the Property

Christian Doherty

Doherty Properties Listed on: 05/10/2024

Last Buyer's Agent

Candor Realty Group

Four Points Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,089

Year Built

  • Built in 1926

Lot Details

  • 2,850 Sq Ft Lot

Home Design

  • Stone Foundation

Interior Spaces

  • 1,548 Sq Ft Home
  • Property has 1 Level
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Off-Street Parking

Community Details

  • 2 Units
  • Net Operating Income $14,784

Listing and Financial Details

  • Total Actual Rent $1,800
  • Assessor Parcel Number M:97 B:2315 L:89,3179770

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,089

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1926
  • Year Built Details: Approximate
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full, Unfinished
  • Living Area: 1548
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AC0904
  • MAIN SO: AN5498

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: M:97 B:2315 L:89,3179770
  • Zoning: TTF
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 2850
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4089

Multi Family

  • Net Operating Income: 14784
  • Number Of Units Total: 2
  • Total Actual Rent: 1800
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: Y

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2021
Closed on
Mar 18, 2022
Sold by
Coljack Development Corp
Bought by
89 5Th Ave Llc
Seller's Agent
Stephen Lawrenson
Stephen Lawrenson Real Estate
Buyer's Agent
Christian Doherty
Doherty Properties
Sold Price
$360,000
Current Estimated Value
$539,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,779
Avg. Annual Appreciation
11.31%
Original Mortgage
$270,000
Outstanding Balance
$252,940
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$286,840

Purchase Details

Listed on
May 3, 2021
Closed on
Jun 14, 2021
Sold by
Durand Family 1 Rt
Bought by
Coljack Development Corp
Seller's Agent
Renee Boyle
Renee L. Boyle Real Estate
Buyer's Agent
Stephen Lawrenson
Stephen Lawrenson Real Estate
List Price
$350,000
Sold Price
$300,000
Premium/Discount to List
-$50,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.11%

Purchase Details

Closed on
Oct 24, 2019
Sold by
Durand Raymond R
Bought by
Durand Ft and Durand

Purchase Details

Closed on
Jun 27, 2001
Sold by
Provencher Francis E and Provencher Patricia A
Bought by
Durand Raymond R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
89 5Th Ave Llc $360,000 None Available
Coljack Development Corp $300,000 None Available
Durand Ft -- --
Durand Ft -- --
Durand Raymond R $149,900 --
Durand Raymond R $149,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 89 5Th Ave Llc $270,000
Previous Owner Durand Raymond R $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/25/2024 10/25/24 Sold $535,000 -2.7% $346 / Sq Ft
10/09/2024 10/09/24 Pending -- -- --
09/04/2024 09/04/24 Price Changed $549,999 -5.2% $355 / Sq Ft
07/29/2024 07/29/24 Price Changed $579,999 -1.7% $375 / Sq Ft
06/27/2024 06/27/24 Price Changed $590,000 -1.7% $381 / Sq Ft
05/10/2024 05/10/24 For Sale $599,999 +66.7% $388 / Sq Ft
03/18/2022 03/18/22 Sold $360,000 -10.0% $228 / Sq Ft View Prior Sale
01/24/2022 01/24/22 Pending -- -- --
01/18/2022 01/18/22 For Sale -- -- --
10/20/2021 10/20/21 Pending -- -- --
06/28/2021 06/28/21 Price Changed $399,800 -4.8% $253 / Sq Ft
06/21/2021 06/21/21 For Sale $419,800 +39.9% $266 / Sq Ft
06/14/2021 06/14/21 Sold $300,000 -14.3% $194 / Sq Ft View Prior Sale
05/07/2021 05/07/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $350,000 0.0% $226 / Sq Ft
02/18/2012 02/18/12 Rented $850 0.0% --
01/19/2012 01/19/12 Under Contract -- -- --
12/28/2011 12/28/11 For Rent $850 -- --
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 $4,975 $433,400 $117,200 $316,200
2024 $4,460 $374,500 $94,600 $279,900
2023 $4,089 $329,200 $77,200 $252,000
2022 $3,765 $296,700 $68,400 $228,300
2021 $3,498 $259,900 $59,500 $200,400
2020 $3,500 $262,000 $76,900 $185,100
2019 $3,351 $238,700 $67,500 $171,200
2018 $2,905 $218,000 $64,300 $153,700
2017 $2,911 $195,100 $58,500 $136,600
2016 $2,933 $193,500 $56,900 $136,600
2015 $2,690 $173,800 $54,500 $119,300
2013 $2,423 $161,400 $60,100 $101,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73236280

MLS Property Information Network (MLS PIN)

APN: LOWE-000097-002315-000089