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Lowell 01851 Highlands
59 Marshall Ave
$402,000
● House - Off Market

59 Marshall Ave

Lowell, MA 01851
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,961 Ft²
$315,787
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

What an opportunity! Located on a quiet street in the Highlands, this home is walking distance to shopping, restaurants, and buses and is just a short drive to major highways. This 3 bed, 1.5 bath home has ample space, original molding molding throughout, and potential galore. Walk through and imagine what an incredible home this can be with your finishing touches. Feel free to peak under the carpets to glance at the beautiful hardwood floors and walk into the massive family room addition and think of what an incredible entertaining space this will be.  Opportunities like this one are incredibly rare so don't miss out. Property will not qualify for FHA/VA financing. NEW ROOF TO BE INSTALLED NEXT WEEK! Open houses Saturday and Sunday 12-1:30, offers due 11/23 at noon.
Unit Size
1,961 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$153
Property Type
House
Property Taxes
$378
HOA Dues
-
Year Built
1920

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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 #72921855)

Price History

Date / Event Date Event Price
Feb 17, 2022 Sold
Premium
Sold
Nov 18, 2021 Listed by Leading Edge Real Estate $299,900
Listed by Leading Edge Real Estate
Jun 29, 1999 Sold
Premium
Sold
Apr 12, 1999 Listed by Leading Edge Real Estate $155,900
Listed by Leading Edge Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • 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: 10
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,914
  • Total Building Area: 1,818
  • Gross Building Area: 2,886
  • Building Area: 1,818
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,818
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000205
  • 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: 311600

Zoning

  • Zoning: SSF

Geography

  • Account Number: M08730
  • Parcel: LOWE M:109 B:3925 L:59
  • Block: 3925
  • Lot: 59
  • Municipality: LOWELL
  • Latitude: 42.6205
  • Longitude: -71.3307

    Address

  • Full Address: 59 Marshall Ave
  • Address - House Number: 59
  • Address - Street Name: Marshall
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lowell
  • Carrier Code: C044
  • 4-Digit Zip Code: 4811
  • Zip Code: 01851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $520,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1864
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 508,806
  • High Value: 603,693
  • Low Value: 413,918

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $418,800
  • Assessed Land Value: $181,900
  • Assessed Improvements Value: $236,900

    Sales

  • Current Sale Contract Date: Feb 17, 2022
  • Current Sale Recording Date: Feb 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 7618
  • Previous Sale Recording Date: Jun 29, 1999
  • Previous Sale Amount: $155,900
  • 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 Highlands

Stats & Trends

Median Asking:

$539,900

Sale Price/ft²

$316

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2542 ft²

Average Home Age

87.3 years

Currently For Sale

28 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# 72921855

Frequently Asked Questions

When was property at 59 Marshall Avenue built and last sold?
The property at 59 Marshall Avenue was built in 1920 and last sold on Feb 17, 2022 for $402,000.
How much is this home worth?
The estimated value of the home located at 59 Marshall Avenue is $320,538.
What are some comparable homes to 59 Marshall Avenue?
There are currently no comparable homes to 59 Marshall Avenue.
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