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Lowell 01851 Highlands
35 Putnam Ave
$485,000
● House - Off Market

35 Putnam Ave

Lowell, MA 01851
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,598 Ft²
$400,570
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

OFFERS DUE MONDAY 24TH 5PM    Nothing to do but move in! This adorable 3 bedroom and 1 bath cape is ready for new owners. Welcome to this quaint three bedroom 1 bath home! What an opportunity for a first-time home buyer to move into highly sought Lowell MA. Recently upgraded eat in kitchen,Stainless steel appliances. Updated main floor bath, Great first floor main bedroom and 2 bedroom. Upstairs feature a great size bedroom with and additional room for office/den, walk in closet and or a game room.-Outdoor features a fenced in hard and great area for the family gatherings. Driveway recently redone. Commuters dream easily accesible to major highways. Seller to find suitable housing.
Unit Size
1,598 Ft²
Days on Market
-
Land Size
-
Price per sqft
$250
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1963

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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: 5 months ago (MLSPIN #73100753)

Price History

Date / Event Date Event Price
Jun 9, 2023 Sold
Premium
Sold
Apr 25, 2023 In contract -
In contract
Apr 19, 2023 Listed by LAER Realty Partners $399,900
Listed by LAER Realty Partners
May 30, 1996 Sold
Premium
Sold
Mar 13, 1996 Listed by LAER Realty Partners $82,900
Listed by LAER Realty Partners
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 868
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,841
  • Total Building Area: 1,598
  • Gross Building Area: 2,516
  • Building Area: 1,598
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,598
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000111
  • 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: 311300

Zoning

  • Zoning: TSF

Geography

  • Account Number: M20435
  • Parcel: LOWE M:87 B:4790 L:35
  • Block: 4790
  • Lot: 35
  • Municipality: LOWELL
  • Latitude: 42.6374
  • Longitude: -71.3357

    Address

  • Full Address: 35 Putnam Ave
  • Address - House Number: 35
  • Address - Street Name: Putnam
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lowell
  • Carrier Code: C049
  • 4-Digit Zip Code: 1706
  • Zip Code: 01851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $470,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1854
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 477,214
  • High Value: 565,728
  • Low Value: 388,699

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $378,400
  • Assessed Land Value: $126,500
  • Assessed Improvements Value: $251,900

    Sales

  • Current Sale Contract Date: Jun 09, 2023
  • Current Sale Recording Date: Jun 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 16195
  • Previous Sale Recording Date: May 30, 1996
  • Previous Sale Amount: $82,000
  • 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

$312

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2440 ft²

Average Home Age

84.3 years

Currently For Sale

29 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: 5 months ago
Data Source: MLS PIN, MLS# 73100753

Frequently Asked Questions

When was property at 35 Putnam Avenue built and last sold?
The property at 35 Putnam Avenue was built in 1963 and last sold on Jun 9, 2023 for $485,000.
How much is this home worth?
The estimated value of the home located at 35 Putnam Avenue is $416,066.
What are some comparable homes to 35 Putnam Avenue?
There are currently no comparable homes to 35 Putnam Avenue.
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