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Lowell 01851 Highlands
2 Branch Place
$153,000
● House - Off Market

2 Branch Place

Lowell, MA 01851
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,664 Ft²
$301,653
RealtyHop Estimate
88.65%
Since May 1, 2014
National-US
Primary Model

About This Property

Motivated Seller!     Large single family home, at rear of dead end street.  Open concept. Alot of natural light.  Huge eat in kitchen, with walkout to patio area (off kitchen).  Freshly painted, several new rugs.  2 driveways  (3 off street packing spaces) with enough space to enlarge, if needed. Additional space in basement ideal for workshop/gym.
Unit Size
1,664 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$96
Property Type
House
Property Taxes
$205
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 #71576723)

Price History

Date / Event Date Event Price
Jul 12, 2021 Sold
Premium
Sold
May 17, 2021 Listed by Zwicker Realty $399,900
Listed by Zwicker Realty
Apr 10, 2014 Sold
Premium
Sold
Sep 1, 2013 Listed by Zwicker Realty $159,900
Listed by Zwicker Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 890
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,365
  • Total Building Area: 1,664
  • Gross Building Area: 2,779
  • Building Area: 1,664
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,664
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000077
  • 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: 311300

Zoning

  • Zoning: TTF

Geography

  • Account Number: S01520
  • Parcel: LOWE M:103 B:745 L:2
  • Block: 745
  • Lot: 2
  • Municipality: LOWELL
  • Latitude: 42.6374
  • Longitude: -71.3303

    Address

  • Full Address: 2 Branch Pl
  • Address - House Number: 2
  • Address - Street Name: Branch
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Lowell
  • Carrier Code: C042
  • 4-Digit Zip Code: 1727
  • Zip Code: 01851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $409,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1924
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 432,135
  • High Value: 515,307
  • Low Value: 348,963

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $329,700
  • Assessed Land Value: $107,500
  • Assessed Improvements Value: $222,200

    Sales

  • Current Sale Contract Date: Jul 12, 2021
  • Current Sale Recording Date: Jul 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 41003
  • Previous Sale Recording Date: Apr 10, 2014
  • Previous Sale Amount: $153,000
  • 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 Highlands

Stats & Trends

Median Asking:

$530,000

Sale Price/ft²

$318

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2543 ft²

Average Home Age

89.3 years

Currently For Sale

32 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# 71576723

Frequently Asked Questions

When was property at 2 Branch Place built and last sold?
The property at 2 Branch Place was built in 1900 and last sold on Jul 12, 2021 for $380,000.
How much is this home worth?
The estimated value of the home located at 2 Branch Place is $395,560.
What are some comparable homes to 2 Branch Place?
There are currently no comparable homes to 2 Branch Place.
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