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Lowell 01852 Belvidere
282 Butman Rd
$230,000
● House - Off Market

282 Butman Rd

Lowell, MA 01852
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,499 Ft²
$515,769
RealtyHop Estimate
115.80%
Since Nov 1, 2012
National-US
Primary Model

About This Property

Belvidere Contemporary with many updates.  Open floor plan allows for vaulted ceilings on the entire upper level.  Lower level walks out to a backyard paradise of perennial gardens. 14 year owners have updated many big items to include siding, windows, roofing, kitchen, decking, patio, landscape, driveway,and gardens front plus back.   Lower level allows for finished area and also additional storage and utitlity too.  Just a short commute to the highways and a wonderful area to enjoy the city.
Unit Size
1,499 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$159
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
1958

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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: 4 months ago (MLSPIN #71422476)

Price History

Date / Event Date Event Price
Oct 31, 2012 Sold
Premium
Sold
Aug 14, 2012 Listed by RE/MAX Prestige $239,000
Listed by RE/MAX Prestige
Jun 30, 1998 Sold
Premium
Sold
Mar 23, 1998 Listed by RE/MAX Prestige $124,900
Listed by RE/MAX Prestige

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • 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: 1,056
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,373
  • Total Building Area: 1,499
  • Gross Building Area: 2,577
  • Building Area: 1,499
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,499
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000169
  • 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: K04460
  • Parcel: LOWE M:251 B:920 L:282
  • Block: 920
  • Lot: 282
  • Municipality: LOWELL
  • Latitude: 42.637
  • Longitude: -71.282

    Address

  • Full Address: 282 Butman Rd
  • Address - House Number: 282
  • Address - Street Name: Butman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lowell
  • Carrier Code: C085
  • 4-Digit Zip Code: 4304
  • Zip Code: 01852

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $517,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1862
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 511,181
  • High Value: 606,378
  • Low Value: 415,984

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $417,000
  • Assessed Land Value: $168,600
  • Assessed Improvements Value: $248,400

    Sales

  • Current Sale Recording Date: Oct 31, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000005
  • Previous Sale Recording Date: Jun 30, 1998
  • Previous Sale Amount: $117,500
  • 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 Belvidere

Stats & Trends

Median Asking:

$629,000

Sale Price/ft²

$330

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2141 ft²

Average Home Age

96.8 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71422476

Frequently Asked Questions

When was property at 282 Butman Road built and last sold?
The property at 282 Butman Road was built in 1958 and last sold on Jan 1, 1970 for $230,000.
How much is this home worth?
The estimated value of the home located at 282 Butman Road is $248,236.
What are some comparable homes to 282 Butman Road?
There are currently no comparable homes to 282 Butman Road.
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