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Lowell 01851 Highlands
61 Wellesley Avenue
Photo of 61 Wellesley Avenue
Sold on Aug 2, 2011

1

Map

$220,000
● House - Off Market

61 Wellesley Avenue

Lowell, MA 01851
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,730 Ft²
$509,546
RealtyHop Estimate
121.64%
Since Sep 1, 2011
National-US
Primary Model

About This Property

UPPER HIGHLANDS - Nicely maintained cozy home on well manicured fenced corner lot.  Large open fireplaced living room with ample dining area and built-in hutch.  Attached 3-season sunroom w/ windows on 3 sides.  Bonus craft or office room off master bedroom, with washer/dryer area.  Home is recently fully insulated, inc. all doors and windows.  Dry basement w/ elec heat,  laundry hookups and 10-yr old B-dry system. Great starter home for a young family!  Easy access to major routes & Bike Trail.
Unit Size
1,730 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$133
Property Type
House
Property Taxes
$290
HOA Dues
-
Year Built
1952

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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 #71189207)

Price History

Date / Event Date Event Price
Aug 1, 2011 Sold
Premium
Sold
Feb 17, 2011 Listed by CENTURY 21 Landmark Realty $229,900
Listed by CENTURY 21 Landmark Realty
Apr 20, 1989 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • 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: 11
  • Exterior Walls Type: 19
  • 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: 1,350
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,258
  • Total Building Area: 1,494
  • Gross Building Area: 3,198
  • Building Area: 1,494
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,494
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLEASANTDALE
  • Land Acres: 0000000190
  • 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: TSF

Geography

  • Account Number: M14550
  • Parcel: LOWE M:128 B:6210 L:61
  • Block: 6210
  • Lot: 61
  • Municipality: LOWELL
  • Latitude: 42.6176
  • Longitude: -71.3271

    Address

  • Full Address: 61 Wellesley Ave
  • Address - House Number: 61
  • Address - Street Name: Wellesley
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lowell
  • Carrier Code: C044
  • 4-Digit Zip Code: 5017
  • Zip Code: 01851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $558,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2664
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 511,215
  • High Value: 647,441
  • Low Value: 374,989

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $449,300
  • Assessed Land Value: $176,400
  • Assessed Improvements Value: $272,900

    Sales

  • Current Sale Recording Date: Aug 01, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000003
  • Previous Sale Recording Date: Apr 20, 1989
  • Previous Sale Amount: $144,000
  • 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

$305

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2448 ft²

Average Home Age

85 years

Currently For Sale

24 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# 71189207

Frequently Asked Questions

When was property at 61 Wellesley Avenue built and last sold?
The property at 61 Wellesley Avenue was built in 1952 and last sold on Jan 1, 1970 for $220,000.
How much is this home worth?
The estimated value of the home located at 61 Wellesley Avenue is $250,675.
What are some comparable homes to 61 Wellesley Avenue?
There are currently no comparable homes to 61 Wellesley Avenue.
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