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Lowell 01852 Belvidere
259 Butman Rd
$530,000
● House - Off Market

259 Butman Rd

Lowell, MA 01852
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,346 Ft²
$546,357
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Stunning Views and motivated seller make for an amazing opportunity to have all your wants in needs in this turn key gambrel home in Belvidere.  Amazing curb appeal as it is perched up overlooking this quintessential neighborhood, hosting a generous yard space, new metal roof, central air, custom built ins surrounding your wood burning fireplace with picture perfect views to enjoy daily.  4 generous bedrooms, 2 full baths, mud room, potential for home office and a sprawling family room .Close proximity to major shopping centers, restaurants and commuter dream with 495, Route 38, 110 and 3A. Schedule your private showing today!
Unit Size
2,346 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$220
Property Type
House
Property Taxes
$459
HOA Dues
-
Year Built
1980

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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 #73039775)

Price History

Date / Event Date Event Price
Dec 28, 2022 Sold
Premium
Sold
Nov 12, 2022 In contract -
In contract
Nov 5, 2022 Price Decreased $515,000
↓ $9K (1.7%)
Price Decreased
Nov 4, 2022 Price Decreased $524,000
↓ $900 (0.2%)
Price Decreased
Oct 28, 2022 Price Decreased $524,900
↓ $35K (6.3%)
Price Decreased
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 782
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,182
  • Total Building Area: 2,061
  • Gross Building Area: 2,574
  • Building Area: 2,061
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,061
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000257
  • 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: 312502

Zoning

  • Zoning: SSF

Geography

  • Account Number: W05335
  • Parcel: LOWE M:251 B:920 L:259
  • Block: 920
  • Lot: 259
  • Municipality: LOWELL
  • Latitude: 42.6374
  • Longitude: -71.2829

    Address

  • Full Address: 259 Butman Rd
  • Address - House Number: 259
  • Address - Street Name: Butman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lowell
  • Carrier Code: C085
  • 4-Digit Zip Code: 4303
  • Zip Code: 01852

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $611,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 625,510
  • High Value: 673,978
  • Low Value: 577,042

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $492,100
  • Assessed Land Value: $190,800
  • Assessed Improvements Value: $301,300

    Sales

  • Current Sale Contract Date: Dec 28, 2022
  • Current Sale Recording Date: Dec 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 52178
  • Previous Sale Recording Date: Jun 25, 2020
  • Previous Sale Contract Date: Jun 25, 2020
  • Previous Sale Amount: $424,500
  • 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 Belvidere

Stats & Trends

Median Asking:

$614,000

Sale Price/ft²

$332

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2178 ft²

Average Home Age

97 years

Currently For Sale

31 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# 73039775

Frequently Asked Questions

When was property at 259 Butman Road built and last sold?
The property at 259 Butman Road was built in 1980 and last sold on Dec 28, 2022 for $530,000.
How much is this home worth?
The estimated value of the home located at 259 Butman Road is $519,728.
What are some comparable homes to 259 Butman Road?
There are currently no comparable homes to 259 Butman Road.
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