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Lowell 01852 South Lowell
5 Nelson Ave
$227,000
● House - Off Market

5 Nelson Ave

Lowell, MA 01852
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,258 Ft²
$332,715
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

New Opportunity awaits you in this South Lowell Colonial. This property is nicely situated in one of the city's vibrant neighborhoods with proximity to UMASS, Gallagher Terminal, and Downtown shops and restaurants. The first floor layout is spacious and includes hardwood floors, a country kitchen and laundry hook-ups. 3 bedrooms on the second level, modern gas heating, 2 porches, off street parking and a very nice yard. The home does needs some TLC, but with some sweat equity, during these warm summer days, you can make this diamond shine.
Unit Size
1,258 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$175
Property Type
House
Property Taxes
$212
HOA Dues
-
Year Built
1900

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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: 4 months ago (MLSPIN #72343205)

Price History

Date / Event Date Event Price
Jul 31, 2018 Sold
Premium
Sold
Jun 10, 2018 Listed by RE/MAX Insight $219,900
Listed by RE/MAX Insight
Mar 23, 2007 Sold
Premium
Sold
Sep 18, 2006 Listed by RE/MAX Insight $219,900
Listed by RE/MAX Insight

Property Highlights

Parking Available

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: 1
  • 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: 811
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,412
  • Total Building Area: 1,258
  • Gross Building Area: 2,394
  • Building Area: 1,258
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,258
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000101
  • 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: 312200

Zoning

  • Zoning: TSF

Geography

  • Account Number: B13730
  • Parcel: LOWE M:208 B:4270 L:5
  • Block: 4270
  • Lot: 5
  • Municipality: LOWELL
  • Latitude: 42.6193
  • Longitude: -71.2999

    Address

  • Full Address: 5 Nelson Ave
  • Address - House Number: 5
  • Address - Street Name: Nelson
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lowell
  • Carrier Code: C072
  • 4-Digit Zip Code: 5639
  • Zip Code: 01852

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $379,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1921
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 382,462
  • High Value: 455,968
  • Low Value: 308,956

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $305,600
  • Assessed Land Value: $113,300
  • Assessed Improvements Value: $192,300

    Sales

  • Current Sale Recording Date: Jul 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 32888
  • Previous Sale Recording Date: Mar 23, 2007
  • Previous Sale Amount: $192,200
  • 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 South Lowell

Stats & Trends

Median Asking:

$500,000

Sale Price/ft²

$313

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2236 ft²

Average Home Age

73.4 years

Currently For Sale

19 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: 4 months ago
Data Source: MLS PIN, MLS# 72343205

Frequently Asked Questions

When was property at 5 Nelson Avenue built and last sold?
The property at 5 Nelson Avenue was built in 1900 and last sold on Jan 1, 1970 for $227,000.
How much is this home worth?
The estimated value of the home located at 5 Nelson Avenue is $228,691.
What are some comparable homes to 5 Nelson Avenue?
There are currently no comparable homes to 5 Nelson Avenue.
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