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Lowell 01851 Highlands
5 Branch Pl
$460,000
● House - Off Market

5 Branch Pl

Lowell, MA 01851
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,648 Ft²
$505,583
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Beautifully updated 2003 home with 3 bedroom 1.5 bath with new flooring throughout, new paint, new stainless steel appliances and granite countertops located on a quiet dead-end street. This home boasts a spacious layout with large gorgeous kitchen that flows perfectly to the large living room with a large double window that draws in tons of natural light. Step upstairs to 3 spacious bedrooms with new flooring throughout and the primary bedroom connects perfectly to the main bathroom.  A large and stunning partially finished basement offers tons of opportunities for multi-use.  A large oversized lot which can accommodate another single family home by-right.  The home is minutes to shopping, restaurants, buses and is just a short drive to major highways.
Unit Size
1,648 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$297
Property Type
House
Property Taxes
$366
HOA Dues
-
Year Built
2003

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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 #72998853)

Price History

Date / Event Date Event Price
Aug 26, 2022 Sold
Premium
Sold
Jun 16, 2022 Listed by Doherty Properties $489,000
Listed by Doherty Properties
May 23, 2022 Sold
Premium
Sold
Feb 22, 2022 Listed by Doherty Properties $359,900
Listed by Doherty Properties

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 696
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,630
  • Total Building Area: 1,448
  • Gross Building Area: 2,960
  • Building Area: 1,448
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,448
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000198
  • 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: TTF

Geography

  • Account Number: R10305
  • Parcel: LOWE M:103 B:745 L:5
  • Block: 745
  • Lot: 5
  • Municipality: LOWELL
  • Latitude: 42.6379
  • Longitude: -71.3302

    Address

  • Full Address: 5 Branch Pl
  • Address - House Number: 5
  • Address - Street Name: Branch
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Lowell
  • Carrier Code: C042
  • 4-Digit Zip Code: 1712
  • Zip Code: 01851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $524,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1924
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 490,442
  • High Value: 584,836
  • Low Value: 396,047

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $422,600
  • Assessed Land Value: $142,200
  • Assessed Improvements Value: $280,400

    Sales

  • Current Sale Contract Date: Aug 25, 2022
  • Current Sale Recording Date: Aug 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 317403
  • Previous Sale Recording Date: May 23, 2022
  • Previous Sale Contract Date: May 23, 2022
  • Previous Sale Amount: $420,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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:

$530,000

Sale Price/ft²

$318

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# 72998853

Frequently Asked Questions

When was property at 5 Branch Place built and last sold?
The property at 5 Branch Place was built in 2003 and last sold on Aug 25, 2022 for $460,000.
How much is this home worth?
The estimated value of the home located at 5 Branch Place is $494,528.
What are some comparable homes to 5 Branch Place?
There are currently no comparable homes to 5 Branch Place.
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