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Lowell 01850 Centralville
2 W Burnside Ave
$334,900
● House - Off Market

2 W Burnside Ave

Lowell, MA 01850
bedrooms
3 Beds
bathrooms
1 Bath
square feet
940 Ft²
$349,986
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

This home is perfect for first time homebuyers or if you're sick of paying rent you could on your own home. Three bedrooms upstairs with new carpeting. As you come in the front door open living room area to an upgraded kitchen with dining area. You have laundry in the basement. Outside you have a small sitting area but the best feature is two car parking tandem.
Unit Size
940 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$351
Property Type
House
Property Taxes
$223
HOA Dues
-
Year Built
1920

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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: 5 months ago (MLSPIN #73038520)

Price History

Date / Event Date Event Price
Dec 1, 2022 Sold
Premium
Sold
Oct 18, 2022 In contract -
In contract
Oct 10, 2022 Relisted $63,500
Relisted
Oct 3, 2022 In contract -
In contract
Sep 20, 2022 Listed by RE/MAX Innovative Properties $329,900
Listed by RE/MAX Innovative Properties
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • 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: 516
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,323
  • Total Building Area: 940
  • Gross Building Area: 1,570
  • Building Area: 940
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 940
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000030
  • 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: K04270
  • Parcel: LOWE M:175 B:5980 L:2
  • Block: 5980
  • Lot: 2
  • Municipality: LOWELL
  • Latitude: 42.6535
  • Longitude: -71.3077

    Address

  • Full Address: 2 W Burnside Ave
  • Address - House Number: 2
  • Street Direction: W
  • Address - Street Name: Burnside
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lowell
  • Carrier Code: C005
  • 4-Digit Zip Code: 2344
  • Zip Code: 01850

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $310,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 358,335
  • High Value: 386,100
  • Low Value: 330,569

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $249,900
  • Assessed Land Value: $67,900
  • Assessed Improvements Value: $182,000

    Sales

  • Current Sale Contract Date: Dec 01, 2022
  • Current Sale Recording Date: Dec 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 48921
  • Previous Sale Recording Date: Oct 03, 2008
  • 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 Centralville

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$302

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2101 ft²

Average Home Age

94.6 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: 5 months ago
Data Source: MLS PIN, MLS# 73038520

Frequently Asked Questions

When was property at 2 West Burnside Avenue built and last sold?
The property at 2 West Burnside Avenue was built in 1920 and last sold on Dec 1, 2022 for $334,900.
How much is this home worth?
The estimated value of the home located at 2 West Burnside Avenue is $321,757.
What are some comparable homes to 2 West Burnside Avenue?
There are currently no comparable homes to 2 West Burnside Avenue.
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