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Lowell 01851 Highlands
284 Gibson St
$315,000
● House - Off Market

284 Gibson St

Lowell, MA 01851
bedrooms
6 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,850 Ft²
$380,433
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

SHOWINGS ARE CURRENTLY SUSPENDED AS WE SORT THROUGH ALL OFFERS MADE.. Please do not call office!  WOW!....  Value Value Value here in the desirable Highlands section of Lowell ! Roll up your sleeves and put in the cosmetic work needed to make this almost 4,000 square foot home a showpiece. Former convent for the Sisters of Notre Dame, this Gracious home features oversized LR & DR, warm fireplace family room off the front foyer, massive kitchen with two separate rooms and sliders to private rear yard. 6 bedrooms on the 2nd and 3rd floors and two full bathrooms. Newer roof, vinyl windows, updated heating system (Weil - McLain), newer hot water tank; breakers on electric panel. Needs carpet, paint and cosmetics, etc! Priced to sell_ _Value Here!
Unit Size
3,850 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$68
Property Type
House
Property Taxes
$418
HOA Dues
-
Year Built
1920

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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 #72568273)

Price History

Date / Event Date Event Price
Nov 6, 2019 Sold
Premium
Sold
Sep 20, 2019 Listed by Cusack & Doherty Realty Group $259,900
Listed by Cusack & Doherty Realty Group
Jul 8, 1992 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,276
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,170
  • Total Building Area: 3,488
  • Gross Building Area: 5,432
  • Building Area: 3,488
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,488
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000096
  • 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: L16580
  • Parcel: LOWE M:89 B:2620 L:284
  • Block: 2620
  • Lot: 284
  • Municipality: LOWELL
  • Latitude: 42.6309
  • Longitude: -71.3382

    Address

  • Full Address: 284 Gibson St
  • Address - House Number: 284
  • 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: $641,500

    Appraisal Valuation

  • Standard Deviation: 0.1864
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 624,454
  • High Value: 740,909
  • Low Value: 508,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $516,500
  • Assessed Land Value: $121,500
  • Assessed Improvements Value: $395,000

    Sales

  • Current Sale Contract Date: Nov 01, 2019
  • Current Sale Recording Date: Nov 06, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 49172
  • Previous Sale Recording Date: Jul 08, 1992
  • Previous Sale Amount: $140,000
  • 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 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72568273

Frequently Asked Questions

When was property at 284 Gibson Street built and last sold?
The property at 284 Gibson Street was built in 1920 and last sold on Nov 1, 2019 for $315,000.
How much is this home worth?
The estimated value of the home located at 284 Gibson Street is $266,951.
What are some comparable homes to 284 Gibson Street?
There are currently no comparable homes to 284 Gibson Street.
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