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Lowell 01851 Highlands
40 E Street
$400,000
● House - Off Market

40 E Street

Lowell, MA 01851
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,224 Ft²
$2,271
Est. Monthly

About This Property

Welcome to this charming single-family home in Lowell's Highlands area! This recently updated home features new carpeting and newer steam radiator heating system. With three bedrooms, one bathroom, a living room, dining room, and family room, there's plenty of space to grow. The second-floor bedrooms have been freshly painted, adding to the home's appeal and featuring new carpet. Enjoy off-street parking and a garage.  This home has easy access to the highway, shops and more.
Unit Size
1,224 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$325
Property Type
House
Property Taxes
$316
HOA Dues
-
Year Built
1900

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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: 4 months ago (MLSPIN #73220915)

Price History

Date / Event Date Event Price
Jun 5, 2024 Sold
Premium
Sold
Apr 22, 2024 In contract -
In contract
Apr 6, 2024 Listed by Keller Williams Realty-Merrimack $398,000
Listed by Keller Williams Realty-Merrimack
Dec 13, 1983 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 824
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,253
  • Total Building Area: 1,224
  • Gross Building Area: 2,206
  • Building Area: 1,224
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,224
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000052
  • 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: 311700

Zoning

  • Zoning: USF

Geography

  • Account Number: L06590
  • Parcel: LOWE M:123 B:1975 L:40
  • Block: 1975
  • Lot: 40
  • Municipality: LOWELL
  • Latitude: 42.6305
  • Longitude: -71.3256

    Address

  • Full Address: 40 E St
  • Address - House Number: 40
  • Address - Street Name: E
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lowell
  • Carrier Code: C042
  • 4-Digit Zip Code: 4342
  • Zip Code: 01851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $379,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.164
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 396,269
  • High Value: 461,278
  • Low Value: 331,261

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $305,400
  • Assessed Land Value: $95,900
  • Assessed Improvements Value: $209,500

    Sales

  • Current Sale Recording Date: Dec 13, 1983
  • Current Sale Price:
    Premium
  • Current 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:

$532,500

Sale Price/ft²

$317

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2523 ft²

Average Home Age

89.3 years

Currently For Sale

32 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73220915

Frequently Asked Questions

When was property at 40 E Street built and last sold?
The property at 40 E Street was built in 1900 and last sold on Jan 1, 1970 for $52,000.
How much is this home worth?
The estimated value of the home located at 40 E Street is $401,717.
What are some comparable homes to 40 E Street?
There are currently no comparable homes to 40 E Street.
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