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Lowell 01852 Belvidere
297 Fairmount St
$514,000
● House - Off Market

297 Fairmount St

Lowell, MA 01852
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,872 Ft²
$526,595
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

WELCOME HOME to this beautiful 4 bedroom CLASSIC colonial with TWO CAR GARAGE in BELVIDERE. This home sits on an OVERSIZED corner lot with a fenced in yard. The front facade features a CUSTOM stone veneer which highlights the front of the home. The spacious kitchen features CHERRY cabinets, an ISLAND with seating and BRAND NEW laminate flooring which will be installed prior to closing. The remaining 3 rooms on the main floor offer a FLEXIBLE floor plan with potential OFFICE space. The second floor features 4 bedrooms and a walk up attic space for potential FUTURE EXPANSION.  Additional features include: a 3 season porch, GAS HEAT, wood burning FIREPLACE, custom BUILT - IN'S, ample storage in garage attic and an oversized front to back lot. Conveniently located near ROUTES 495, 93 and 3.
Unit Size
1,872 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$267
Property Type
House
Property Taxes
$432
HOA Dues
-
Year Built
1935

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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 #73032401)

Price History

Date / Event Date Event Price
Nov 8, 2022 Sold
Premium
Sold
Sep 27, 2022 In contract -
In contract
Sep 27, 2022 Relisted $150,500
Relisted
Sep 16, 2022 In contract -
In contract
Sep 6, 2022 Listed by William Raveis R.E. & Home Services $499,000
Listed by William Raveis R.E. & Home Services
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,231
  • Total Building Area: 1,872
  • Gross Building Area: 3,888
  • Building Area: 1,872
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,872
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000166
  • 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: H05810
  • Parcel: LOWE M:236 B:2225 L:297
  • Block: 2225
  • Lot: 297
  • Municipality: LOWELL
  • Latitude: 42.6336
  • Longitude: -71.2885

    Address

  • Full Address: 297 Fairmount St
  • Address - House Number: 297
  • Address - Street Name: Fairmount
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lowell
  • Carrier Code: C097
  • 4-Digit Zip Code: 3754
  • Zip Code: 01852

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $563,700
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1862
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 547,509
  • High Value: 649,472
  • Low Value: 445,547

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $453,900
  • Assessed Land Value: $173,800
  • Assessed Improvements Value: $280,100

    Sales

  • Current Sale Contract Date: Nov 01, 2022
  • Current Sale Recording Date: Nov 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 45902
  • Previous Sale Recording Date: Jul 24, 1998
  • Previous Sale Amount: $150,500
  • 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

$328

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2189 ft²

Average Home Age

98.9 years

Currently For Sale

27 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# 73032401

Frequently Asked Questions

When was property at 297 Fairmount Street built and last sold?
The property at 297 Fairmount Street was built in 1935 and last sold on Nov 1, 2022 for $514,000.
How much is this home worth?
The estimated value of the home located at 297 Fairmount Street is $486,329.
What are some comparable homes to 297 Fairmount Street?
There are currently no comparable homes to 297 Fairmount Street.
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