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Lowell 01851 Highlands
11 Locust St
$342,000
● House - Off Market

11 Locust St

Lowell, MA 01851
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,344 Ft²
$464,611
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

Well cared for and ready for you to call home, this charming property sits on a dead end street in the desirable Highland section of Lowell.  This 3 bedroom 1 bathroom ranch boasts hardwood floors in all the bedrooms, newly installed carpet in the living area, and a freshly painted interior throughout.  The roof, hot water tank, and furnace are all young and the unfinished basement has potential for extra space if needed.  Other highlights include a spacious level backyard, fenced in patio area, easy access to Rt 3 and 495, UMass Lowell, and all local area amenities.
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$242
Property Type
House
Property Taxes
$338
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (MLSPIN #72613424)

Price History

Date / Event Date Event Price
Mar 19, 2020 Sold
Premium
Sold
Jan 29, 2020 Listed by Coldwell Banker Residential Brokerage - Andover $324,900
Listed by Coldwell Banker Residential Brokerage - Andover
Mar 26, 1998 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 864
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,000
  • Total Building Area: 1,344
  • Gross Building Area: 2,484
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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: 311400

Zoning

  • Zoning: TSF

Geography

  • Account Number: B91805
  • Parcel: LOWE M:58 B:3690 L:11
  • Block: 3690
  • Lot: 11
  • Municipality: LOWELL
  • Latitude: 42.6357
  • Longitude: -71.3481

    Address

  • Full Address: 11 Locust St
  • Address - House Number: 11
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lowell
  • Carrier Code: C034
  • 4-Digit Zip Code: 1546
  • Zip Code: 01851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $485,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1924
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 486,845
  • High Value: 580,547
  • Low Value: 393,143

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $390,800
  • Assessed Land Value: $156,800
  • Assessed Improvements Value: $234,000

    Sales

  • Current Sale Contract Date: Mar 16, 2020
  • Current Sale Recording Date: Mar 19, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 11817
  • Previous Sale Recording Date: Mar 26, 1998
  • Previous Sale Amount: $113,000
  • 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 Highlands

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$312

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2472 ft²

Average Home Age

86.7 years

Currently For Sale

28 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72613424

Frequently Asked Questions

When was property at 11 Locust Street built and last sold?
The property at 11 Locust Street was built in 1955 and last sold on Mar 16, 2020 for $342,000.
How much is this home worth?
The estimated value of the home located at 11 Locust Street is $335,470.
What are some comparable homes to 11 Locust Street?
There are currently no comparable homes to 11 Locust Street.
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