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Lowell 01854 Pawtucketville
16 3rd Ave
$478,000
● House - Off Market

16 3rd Ave

Lowell, MA 01854
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,606 Ft²
$2,791
Est. Monthly

About This Property

Welcome to this charming single-family cape located in the heart of Lowell.  This 3-bedroom home has a fenced in yard 2 with a patio and deck, and gas grill hooked up to natural gas, so you never have to fill a gas bottle.  The 2nd floor has a bedroom, and kitchenette   This property is ideal for students as its conveniently located close to UMass Lowell, providing easy access to the campus and all it has to offer.    With a location that offers the best of both conveniences and comfort, this single-family cape is a must see for anyone in search of their dream home in Lowell.
Unit Size
1,606 Ft²
Days on Market
-
Land Size
-
Price per sqft
$302
Property Type
House
Property Taxes
$409
HOA Dues
-
Year Built
1961

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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 #73182731)

Price History

Date / Event Date Event Price
Feb 29, 2024 Sold
Premium
Sold
Jan 9, 2024 In contract -
In contract
Jan 3, 2024 Price Decreased $484,900
↓ $5K (1%)
Price Decreased
Dec 15, 2023 Price Decreased $489,900
↓ $9K (1.8%)
Price Decreased
Nov 29, 2023 Price Increased $499,000
↑ $14K (2.9%)
Price Increased
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 832
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,562
  • Total Building Area: 1,606
  • Gross Building Area: 2,838
  • Building Area: 1,606
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,606
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000151
  • 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: 310500

Zoning

  • Zoning: TTF

Geography

  • Account Number: C11470
  • Parcel: LOWE M:98 B:5670 L:16
  • Block: 5670
  • Lot: 16
  • Municipality: LOWELL
  • Latitude: 42.6519
  • Longitude: -71.3334

    Address

  • Full Address: 16 3rd Ave
  • Address - House Number: 16
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lowell
  • Carrier Code: C027
  • 4-Digit Zip Code: 2625
  • Zip Code: 01854

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $491,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0773
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 94
  • Final Value: 536,567
  • High Value: 578,093
  • Low Value: 495,042

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $395,300
  • Assessed Land Value: $133,200
  • Assessed Improvements Value: $262,100

    Sales

  • Current Sale Contract Date: Feb 29, 2024
  • Current Sale Recording Date: Feb 29, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 5135
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 Pawtucketville

Stats & Trends

Median Asking:

$519,999

Sale Price/ft²

$313

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1677 ft²

Average Home Age

72 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73182731

Frequently Asked Questions

When was property at 16 3rd Avenue built and last sold?
The property at 16 3rd Avenue was built in 1961 and last sold on Feb 29, 2024 for $478,000.
How much is this home worth?
The estimated value of the home located at 16 3rd Avenue is $492,749.
What are some comparable homes to 16 3rd Avenue?
There are currently no comparable homes to 16 3rd Avenue.
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