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Lowell 01850 Centralville
2 Viles Avenue
$285,000
● House - Off Market

2 Viles Avenue

Lowell, MA 01850
bedrooms
3 Beds
bathrooms
1 Bath
square feet
981 Ft²
$1,662
Est. Monthly

About This Property

**SHOWING *** A group showing has been scheduled for 8/07 at 2 PM-email the listing agent to confirm attendance. Welcome to this budget-friendly 3-bedroom, 1-bathroom home nestled in the vibrant city of Lowell, Massachusetts. This home is a true bargain, offering incredible potential for instant equity with just minor updates. It's the perfect opportunity for first-time homebuyers or savvy investors looking to make a smart purchase. Home will be shown at open houses only. No private showings. Home sold as is where is. All due diligence/Inspections are Buyer/Buyers agent responsibility including but not limited to Smoke certs, final water/sewer readings. "Seller" currently has the property UA to buy, sale contingent on completion of "sellers" purchase, reserves right to transfer contract.
Unit Size
981 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$285
Property Type
House
Property Taxes
$286
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 #73269369)

Price History

Date / Event Date Event Price
Sep 23, 2024 Sold
Premium
Sold
Aug 11, 2024 In contract -
In contract
Jul 25, 2024 Listed by Unique Realty , LLC $279,999
Listed by Unique Realty , LLC
Jul 28, 2017 Sold
Premium
Sold
Jun 2, 2017 Listed by Unique Realty , LLC $199,900
Listed by Unique Realty , LLC
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 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: 468
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,968
  • Total Building Area: 981
  • Gross Building Area: 1,597
  • Building Area: 981
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 981
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000045
  • 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: 310400

Zoning

  • Zoning: USF

Geography

  • Account Number: C06620
  • Parcel: LOWE M:175 B:5930 L:2
  • Block: 5930
  • Lot: 2
  • Municipality: LOWELL
  • Latitude: 42.6536
  • Longitude: -71.307

    Address

  • Full Address: 2 Viles Ave
  • Address - House Number: 2
  • Address - Street Name: Viles
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lowell
  • Carrier Code: C005
  • 4-Digit Zip Code: 2354
  • Zip Code: 01850

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $324,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1917
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 343,601
  • High Value: 409,488
  • Low Value: 277,714

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $261,300
  • Assessed Land Value: $71,000
  • Assessed Improvements Value: $190,300

    Sales

  • Current Sale Recording Date: Jul 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 32768
  • Previous Sale Recording Date: Apr 10, 2017
  • Previous Sale Amount: $119,429
  • 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 Centralville

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$300

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2150 ft²

Average Home Age

98.6 years

Currently For Sale

26 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# 73269369

Frequently Asked Questions

When was property at 2 Viles Avenue built and last sold?
The property at 2 Viles Avenue was built in 1900 and last sold on Jan 1, 1970 for $205,000.
How much is this home worth?
The estimated value of the home located at 2 Viles Avenue is $278,745.
What are some comparable homes to 2 Viles Avenue?
There are currently no comparable homes to 2 Viles Avenue.
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