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Lowell 01852 South Lowell
1232 Gorham St
$400,000
● House - Off Market

1232 Gorham St

Lowell, MA 01852
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,327 Ft²
$363,642
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Welcome to the coolest carefree efficient homes I have ever listed. This three bed, one and a half bath home is ready to go. The location can not be beat only minutes to major highways, shopping and the ever changing historical City of Lowell. Its downtown full of cafes, restaurants and bustling night life. Off street parking on a side street for two cars means no worries when winter comes to town. The classic white picket fence encloses the yard with an in ground sprinkler system. Have I sparked your interest yet? What are you waiting for? This home should not last long on the market. Did I mention it is move in ready? Showings start at the open house Saturday the 16th and Sunday the 17th from 11 to 1. Don't delay because offers are due on Tuesday the 19th at 1:00. Seller will review Tuesday night.
Unit Size
1,327 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$275
Property Type
House
Property Taxes
$296
HOA Dues
-
Year Built
1900

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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: 4 months ago (MLSPIN #73159859)

Price History

Date / Event Date Event Price
Oct 27, 2023 Sold
Premium
Sold
Sep 21, 2023 In contract -
In contract
Sep 15, 2023 Listed by Leading Edge Real Estate $365,000
Listed by Leading Edge Real Estate
Sep 29, 2016 Sold
Premium
Sold
Sep 19, 2008 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 708
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,418
  • Total Building Area: 1,327
  • Gross Building Area: 1,948
  • Building Area: 1,327
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,327
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000056
  • 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: L09160
  • Parcel: LOWE M:186 B:2675 L:1232
  • Block: 2675
  • Lot: 1232
  • Municipality: LOWELL
  • Latitude: 42.6223
  • Longitude: -71.3055

    Address

  • Full Address: 1232 Gorham St
  • Address - House Number: 1232
  • Address - Street Name: Gorham
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lowell
  • Carrier Code: C071
  • 4-Digit Zip Code: 5229
  • Zip Code: 01852

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $355,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1921
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 376,791
  • High Value: 449,207
  • Low Value: 304,375

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $286,200
  • Assessed Land Value: $97,000
  • Assessed Improvements Value: $189,200

    Sales

  • Current Sale Contract Date: Oct 27, 2023
  • Current Sale Recording Date: Oct 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 31949
  • Previous Sale Recording Date: Sep 29, 2016
  • Previous Sale Amount: $177,500
  • Previous Sale Document Type: O
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73159859

Frequently Asked Questions

When was property at 1232 Gorham Street built and last sold?
The property at 1232 Gorham Street was built in 1900 and last sold on Oct 27, 2023 for $400,000.
How much is this home worth?
The estimated value of the home located at 1232 Gorham Street is $373,343.
What are some comparable homes to 1232 Gorham Street?
There are currently no comparable homes to 1232 Gorham Street.
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