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Lowell 01854 Pawtucketville
53 Tolman Ave
$200,000
● House - Off Market

53 Tolman Ave

Lowell, MA 01854
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,507 Ft²
$337,953
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

3-4 bedroom Colonial with 1.5 baths located on the Lowell / Dracut line. Lots of character with tall patterned tin ceilings, built in corner hutch and large windows. 1st floor with laundry area, hardwood flooring, generous size kitchen, full bath, dining room and living room with additional room that has potential to be a first floor master bedroom. 2nd floor with 3 bedrooms, ½ bath, attic storage and additional room that could be used as an office/den. Updates include new roof, boiler, 40 gal hot water tank. Relax in either of the two porches and cozy back yard. Close proximity of UMass Lowell, Lowell General Hospital, Train station and 15 mins to all major highways. Home needs TLC & Updates. Will not qualify for FHA financing!
Unit Size
1,507 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$153
Property Type
House
Property Taxes
$269
HOA Dues
-
Year Built
1910

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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: 6 months ago (MLSPIN #72461127)

Price History

Date / Event Date Event Price
Jun 7, 2019 Sold
Premium
Sold
Mar 6, 2019 Listed by RE/MAX Insight $229,900
Listed by RE/MAX Insight

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 837
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Total Building Area: 1,507
  • Gross Building Area: 2,781
  • Building Area: 1,507
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,507
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAND LOWELL SURVEYED GERSHON C
  • Land Acres: 0000000092
  • 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: 310602

Zoning

  • Zoning: TSF

Geography

  • Account Number: B15465
  • Parcel: LOWE M:66 B:5735 L:53
  • Block: 5735
  • Lot: 53
  • Municipality: LOWELL
  • Latitude: 42.654
  • Longitude: -71.3407

    Address

  • Full Address: 53 Tolman Ave
  • Address - House Number: 53
  • Address - Street Name: Tolman
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lowell
  • Carrier Code: C031
  • 4-Digit Zip Code: 2229
  • Zip Code: 01854

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $399,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 448,067
  • High Value: 520,921
  • Low Value: 375,213

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $321,400
  • Assessed Land Value: $83,400
  • Assessed Improvements Value: $238,000

    Sales

  • Current Sale Contract Date: Jun 06, 2019
  • Current Sale Recording Date: Jun 07, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 21967

    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 Pawtucketville

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$313

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1675 ft²

Average Home Age

68.2 years

Currently For Sale

23 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: 6 months ago
Data Source: MLS PIN, MLS# 72461127

Frequently Asked Questions

When was property at 53 Tolman Avenue built and last sold?
The property at 53 Tolman Avenue was built in 1910 and last sold on Jun 6, 2019 for $200,000.
How much is this home worth?
The estimated value of the home located at 53 Tolman Avenue is $245,089.
What are some comparable homes to 53 Tolman Avenue?
There are currently no comparable homes to 53 Tolman Avenue.
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