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Lowell 01852 South Lowell
1007 Gorham St
$350,000
● House - Off Market

1007 Gorham St

Lowell, MA 01852
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,786 Ft²
$2,057
Est. Monthly
10.50%
Cap Rate

About This Property

Welcome to this charming single-family home, perfect for first-time buyers! The first level boasts a spacious, open-concept layout, seamlessly connecting the living room, kitchen, and dining area, ideal for entertaining or cozy nights. A full bathroom on this floor adds convenience and flexibility. Upstairs, you'll find three well-sized bedrooms, offering comfort and privacy. The home features a newer roof and a high-efficiency Navien heating system. Move in ready condition. Great for any commuter with access in just minutes to the Lowell Connector with access to Route 3 and Route 495. Close to the T-Station as well.
Unit Size
1,786 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$196
Property Type
House
Property Taxes
$338
HOA Dues
-
Year Built
1930

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MLSPIN #73288359)

Price History

Date / Event Date Event Price
Jan 1, 2025 No longer available -
No longer available
Nov 1, 2024 Delisted -
Delisted
Oct 3, 2024 In contract -
In contract
Sep 11, 2024 Listed by Keller Williams Realty - Merrimack $350,000
Listed by Keller Williams Realty - Merrimack
Jun 10, 2016 Sold
Premium
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 658
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,452
  • Total Building Area: 1,786
  • Gross Building Area: 2,553
  • Building Area: 1,786
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,786
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHARLES & DORCAS OSGOOD
  • Land Acres: 0000000033
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lowell School District
  • School Tax School District: LOWELL SD
  • Census Tract: 312200

Zoning

  • Zoning: TMU

Geography

  • Account Number: C06110
  • Parcel: LOWE M:184 B:2675 L:1007
  • Block: 2675
  • Lot: 1007
  • Municipality: LOWELL
  • Latitude: 42.628
  • Longitude: -71.3082

    Address

  • Full Address: 1007 Gorham St
  • Address - House Number: 1007
  • Address - Street Name: Gorham
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lowell
  • Carrier Code: C071
  • 4-Digit Zip Code: 5016
  • Zip Code: 01852

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $382,700
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1921
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 411,965
  • High Value: 491,140
  • Low Value: 332,789

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $308,100
  • Assessed Land Value: $88,500
  • Assessed Improvements Value: $219,600

    Sales

  • Current Sale Recording Date: Jun 10, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 25303
  • Previous Sale Recording Date: Dec 22, 2009
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Lowell

Stats & Trends

Median Asking:

$500,000

Sale Price/ft²

$313

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2236 ft²

Average Home Age

73.4 years

Currently For Sale

19 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73288359

Frequently Asked Questions

When was property at 1007 Gorham Street built and last sold?
The property at 1007 Gorham Street was built in 1930 and last sold on Jan 1, 1970 for $196,000.
How much is this home worth?
The estimated value of the home located at 1007 Gorham Street is $0.
What are some comparable homes to 1007 Gorham Street?
There are currently no comparable homes to 1007 Gorham Street.
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