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Lowell 01851 Highlands
61 Montview Ave
$360,000
● House - Off Market

61 Montview Ave

Lowell, MA 01851
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,712 Ft²
$473,128
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

**Open house canceled, sellers accepted offer** Welcome to the Highlands.  This move in ready home is waiting with a brand new roof, boiler, granite steps, wall AC's and additional updates to the enclosed screen porch.  The detached garage and large driveway allow for plenty of off street parking.  Inside you have a large eat-in kitchen and formal dining room with plenty of old charm throughout.  See you Saturday 12-2:30pm and Sunday from 10:30-1.  You don't want to miss this one.
Unit Size
1,712 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$204
Property Type
House
Property Taxes
$309
HOA Dues
-
Year Built
1927

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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 #72699853)

Price History

Date / Event Date Event Price
Sep 11, 2020 Sold
Premium
Sold
Jul 29, 2020 Listed by Lamacchia Realty, Inc. $349,999
Listed by Lamacchia Realty, Inc.
Jun 21, 1961 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 780
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Total Building Area: 1,712
  • Gross Building Area: 2,742
  • Building Area: 1,712
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,712
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • 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: 311400

Zoning

  • Zoning: SSF

Geography

  • Account Number: B13800
  • Parcel: LOWE M:73 B:4155 L:61
  • Block: 4155
  • Lot: 61
  • Municipality: LOWELL
  • Latitude: 42.6329
  • Longitude: -71.3468

    Address

  • Full Address: 61 Montview Ave
  • Address - House Number: 61
  • Address - Street Name: Montview
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lowell
  • Carrier Code: C052
  • 4-Digit Zip Code: 2320
  • Zip Code: 01851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $465,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1924
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 487,881
  • High Value: 581,782
  • Low Value: 393,979

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $375,100
  • Assessed Land Value: $139,900
  • Assessed Improvements Value: $235,200

    Sales

  • Current Sale Contract Date: Sep 08, 2020
  • Current Sale Recording Date: Sep 11, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 43919
  • Previous Sale Recording Date: Jun 21, 1961
  • Previous Sale Amount: $17,500
  • 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:

$549,900

Sale Price/ft²

$300

Below Asking

0.02%

Average Days on Market

59

Average Home Size

2363 ft²

Average Home Age

88.1 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: 6 months ago
Data Source: MLS PIN, MLS# 72699853

Frequently Asked Questions

When was property at 61 Montview Avenue built and last sold?
The property at 61 Montview Avenue was built in 1927 and last sold on Sep 8, 2020 for $360,000.
How much is this home worth?
The estimated value of the home located at 61 Montview Avenue is $369,099.
What are some comparable homes to 61 Montview Avenue?
There are currently no comparable homes to 61 Montview Avenue.
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