$89,900
●
Condo -
Off Market
40 Spring Avenue #3
Lowell, MA 01851
2 Beds
1 Bath
840 Ft²
$713
Est. Monthly
$150
HOA / Fees
28.41%
Cap Rate
About This Property
A mint unit at Spring House Condominiums. Second floor end
unit in a small 4 unit complex. Ceramic tile in the large
eat-in kitchen with sliders to deck. stainless stove,
refrigerator and dishwasher to stay. Upgraded carpet and
paint. Natural wood doors and trim. Washer and dryer in
unit to stay. 2 assigned parking spaces. Storage in
attic. Low condo fee and located on a quiet dead end street.
Unit Size
840 Ft²
Days on Market
-
Land Size
-
Price per sqft
$107
Property Type
Condo
Property Taxes
$122
HOA Dues
$150
Year Built
-
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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: 2 years ago (MLSPIN #70961240)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 14, 2009 | Listed | $89,900 | |
| Listed | |||
| Mar 27, 2003 | Sold | ||
| Sold | |||
| Feb 4, 2003 | Listed by LAER Realty Partners | $99,900 | |
| Listed by LAER Realty Partners | |||
| | |||
|
WHY RENT WHEN YOU CAN OWN THIS WELL MAINTAINED CONDO IN A SMALL COMPLEX OF 4 UNITS LOCATED ON A DEAD END STREET, FULLY APPLIANCED INCLUDING WASHER/DRYER IN UNIT & PLENTY OF STORAGE, PETS WITH APPROVAL. EASY ACESS TO MAJOR ROUTES.
| |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Off Street
Interior Details
Full Bathrooms: 1
Flooring Type: Tile, Carpet
Laundry Features: Second Floor
Rooms: 4
Basement: Y
Exterior Details
Square Footage: 840
Square Footage Source: $0
Year Built Source: Public Records
Year Built: 1986
Building Area Total: 840
Building Area Units: Square Feet
Patio and Porch Features: Deck
Lot Size Units: Acres
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $124,900
Tax Annual Amount: $1,459
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA Fee: $150
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/11/2014
|
2 Bed
|
1 Bath
|
840 ft²
|
$127,500
2 Bed
1 Bath
840 ft²
|
$127,500
12/26/2014
|
Raul Rodriguez
Dick Lepine Real Estate,Inc.
| |
|
08/03/2012
|
2 Bed
|
1 Bath
|
840 ft²
|
$51,900
2 Bed
1 Bath
840 ft²
|
$51,000
-1.73%
12/18/2012
|
Larry Gagnon
Prestige Properties, LLC
| |
|
07/21/2011
|
2 Bed
|
1 Bath
|
840 ft²
|
$84,900
2 Bed
1 Bath
840 ft²
|
-
-
|
Mary Koontz-Daher
Weichert Realtors, Daher Companies
| |
|
08/14/2009
|
2 Bed
|
1 Bath
|
840 ft²
|
$89,900
2 Bed
1 Bath
840 ft²
|
-
-
|
The Howe Allen Group
revolv of Dartmouth
| |
|
03/17/2008
|
2 Bed
|
1 Bath
|
940 ft²
|
$98,900
2 Bed
1 Bath
940 ft²
|
$93,000
-5.97%
05/27/2008
|
Jorge Feliz
Ciccarelli Homes
| |
|
09/27/2006
|
2 Bed
|
1 Bath
|
840 ft²
|
$135,000
2 Bed
1 Bath
840 ft²
|
$127,500
-5.56%
04/03/2007
|
Stephen Lawrenson
Wilson Wolfe Real Estate
| |
|
09/08/2004
|
2 Bed
|
1 Bath
|
850 ft²
|
$148,500
2 Bed
1 Bath
850 ft²
|
$152,000
+2.36%
10/23/2004
|
Mark Cirignano
OmegaListings.com, Inc.
| |
|
02/04/2003
|
2 Bed
|
1 Bath
|
840 ft²
|
$99,900
2 Bed
1 Bath
840 ft²
|
$101,500
+1.60%
03/27/2003
|
Darshana Shah
LAER Realty Partners/Chelmsford
| |
|
03/05/1996
|
2 Bed
|
1 Bath
|
850 ft²
|
$32,900
2 Bed
1 Bath
850 ft²
|
$28,000
-14.89%
06/14/1996
|
Charles Doyle
RE/MAX Prestige
|
Building Info
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