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Lowell 01851 Highlands
61 Winthrop Avenue
$270,000
● House - Off Market

61 Winthrop Avenue

Lowell, MA 01851
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,553 Ft²
$380,496
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

Location!  4 Bedroom Colonial Eat In Kitchen with Gas Range, Refrigerator.  Open Concept Bright with a lot of windows  Formal Dining Room with Built In China Cabinet and Hardwood Floor.  Formal Living Room with Hardwood Floor. 2 Bedrooms on the 1st floor and Full Bath. 2nd Floor has Master Bedroom and another Bedroom plus  and additional Room that could be made into another Bathroom, Den or Storage.  Basement is very clean and lots of storage Washer and Dryer to stay.  Newer Furnace and hot water heater.  All on nice lot.  Alarm System.  This is a Must See Home.  Buyer is responsible for Smoke Certificate.  Home needs a little love.  Might not pass FHA Loan. Ready for a quick closing. Sold as is
Unit Size
1,553 Ft²
Days on Market
-
Land Size
-
Price per sqft
$161
Property Type
House
Property Taxes
$277
HOA Dues
-
Year Built
1935

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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 #72300291)

Price History

Date / Event Date Event Price
May 16, 2018 Sold
Premium
Sold
Mar 30, 2018 Listed by LAER Realty Partners $249,900
Listed by LAER Realty Partners

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 948
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,553
  • Gross Building Area: 3,024
  • Building Area: 1,553
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,553
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 311700

Zoning

  • Zoning: TSF

Geography

  • Account Number: L00770
  • Parcel: LOWE M:124 B:6455 L:61
  • Block: 6455
  • Lot: 61
  • Municipality: LOWELL
  • Latitude: 42.6277
  • Longitude: -71.3257

    Address

  • Full Address: 61 Winthrop Ave
  • Address - House Number: 61
  • Address - Street Name: Winthrop
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lowell
  • Carrier Code: C059
  • 4-Digit Zip Code: 4110
  • Zip Code: 01851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $453,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 483,746
  • High Value: 562,401
  • Low Value: 405,091

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $365,200
  • Assessed Land Value: $146,100
  • Assessed Improvements Value: $219,100

    Sales

  • Current Sale Recording Date: May 16, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 19558
  • Previous Sale Recording Date: May 24, 2016
  • 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72300291

Frequently Asked Questions

When was property at 61 Winthrop Avenue built and last sold?
The property at 61 Winthrop Avenue was built in 1935 and last sold on Jan 1, 1970 for $270,000.
How much is this home worth?
The estimated value of the home located at 61 Winthrop Avenue is $262,921.
What are some comparable homes to 61 Winthrop Avenue?
There are currently no comparable homes to 61 Winthrop Avenue.
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