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Lowell 01851 Highlands
244 Gibson Street
$435,000
● House - Off Market

244 Gibson Street

Lowell, MA 01851
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,923 Ft²
$588,728
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

Welcome home to this charming Victorian in the Highlands. Nothing to do but move in, you'll enjoy this large level lot with plenty of parking, a 2 car garage, and plenty of outdoor space. Plenty of character with original hardwood floors, custom built-ins, and a modern updated kitchen with granite countertops and stainless steel appliances. This home offers expansion opportunity in the attic, which could be converted to more living space if desired by the new owner. Close proximity to major highways, and Tyler Park.
Unit Size
1,923 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$218
Property Type
House
Property Taxes
$382
HOA Dues
-
Year Built
1890

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (MLSPIN #72656528)

Price History

Date / Event Date Event Price
Jun 19, 2020 Sold
Premium
Sold
May 14, 2020 Listed by LAER Realty Partners $419,900
Listed by LAER Realty Partners
Nov 2, 2012 Sold
Premium
Sold
Apr 8, 2012 Listed by LAER Realty Partners $249,000
Listed by LAER Realty Partners
Mar 26, 1999 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 903
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,251
  • Total Building Area: 1,923
  • Gross Building Area: 3,901
  • Building Area: 1,923
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,923
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MRS ID GIBSON
  • Land Acres: 0000000189
  • 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: 311500

Zoning

  • Zoning: TSF

Geography

  • Account Number: D01720
  • Parcel: LOWE M:89 B:2620 L:244
  • Block: 2620
  • Lot: 244
  • Municipality: LOWELL
  • Latitude: 42.632
  • Longitude: -71.3386

    Address

  • Full Address: 244 Gibson St
  • Address - House Number: 244
  • Address - Street Name: Gibson
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lowell
  • Carrier Code: C052
  • 4-Digit Zip Code: 3016
  • Zip Code: 01851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $565,900
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2498
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 574,387
  • High Value: 717,894
  • Low Value: 430,880

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $455,600
  • Assessed Land Value: $150,500
  • Assessed Improvements Value: $305,100

    Sales

  • Current Sale Contract Date: Jun 08, 2020
  • Current Sale Recording Date: Jun 19, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 27176
  • Previous Sale Recording Date: Nov 02, 2012
  • Previous Sale Amount: $242,000
  • 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:

$549,900

Sale Price/ft²

$305

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2363 ft²

Average Home Age

88.1 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: 6 months ago
Data Source: MLS PIN, MLS# 72656528

Frequently Asked Questions

When was property at 244 Gibson Street built and last sold?
The property at 244 Gibson Street was built in 1890 and last sold on Jun 8, 2020 for $435,000.
How much is this home worth?
The estimated value of the home located at 244 Gibson Street is $422,311.
What are some comparable homes to 244 Gibson Street?
There are currently no comparable homes to 244 Gibson Street.
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