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Lowell 01854 The Acre
308 Pawtucket St
$560,000
● House - Off Market

308 Pawtucket St

Lowell, MA 01854
bedrooms
6 Beds
bathrooms
2 Baths
square feet
3,006 Ft²
$663,467
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Outstanding wood features throughout the property in a multi family zoning the main house could quite possibly be four units and the loft over the garage could be one, plenty of parking with a 3 stall garage. The room sizes are very large and could definitely be split into two rooms. The Property could be used as a single-family today or easily converted into a two family. I believe you are only limited by your own imagination. A great location within walking distance to UMass Lowell.
Unit Size
3,006 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$198
Property Type
House
Property Taxes
$355
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: 5 years ago (MLSPIN #72838521)

Price History

Date / Event Date Event Price
Nov 12, 2021 Sold
Premium
Sold
May 27, 2021 Listed by Chinatti Realty Group, Inc. $595,000
Listed by Chinatti Realty Group, Inc.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,992
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,016
  • Total Building Area: 3,984
  • Gross Building Area: 6,774
  • Building Area: 3,984
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 3,006
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Land Acres: 0000000230
  • Standard Land Use Code: 2037
  • County Land Use Code: 355

Neighborhood

  • School District Name: Lowell School District
  • School Tax School District: LOWELL SD
  • Census Tract: 310700

Zoning

  • Zoning: TMF

Geography

  • Account Number: B06930
  • Parcel: LOWE M:117 B:4550 L:308
  • Block: 4550
  • Lot: 308
  • Municipality: LOWELL
  • Latitude: 42.6489
  • Longitude: -71.3266

    Address

  • Full Address: 308 Pawtucket St
  • Address - House Number: 308
  • Address - Street Name: Pawtucket
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lowell
  • Carrier Code: C003
  • 4-Digit Zip Code: 3423
  • Zip Code: 01854

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,171,200
  • Initial Tax Delinquent Year: 2022

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $480,800
  • Assessed Land Value: $128,600
  • Assessed Improvements Value: $352,200

    Sales

  • Current Sale Contract Date: Nov 12, 2021
  • Current Sale Recording Date: Nov 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 66137
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 The Acre

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$297

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2772 ft²

Average Home Age

80.8 years

Currently For Sale

14 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72838521

Frequently Asked Questions

When was property at 308 Pawtucket Street built and last sold?
The property at 308 Pawtucket Street was built in 1890 and last sold on Nov 12, 2021 for $560,000.
How much is this home worth?
The estimated value of the home located at 308 Pawtucket Street is $599,382.
What are some comparable homes to 308 Pawtucket Street?
There are currently no comparable homes to 308 Pawtucket Street.
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