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Lowell 01851 Highlands
7 Putnam Ave
$370,000
● House - Off Market

7 Putnam Ave

Lowell, MA 01851
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,248 Ft²
$348,048
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Welcome to 7 Putnam Ave. This home is perfect for first time home buyers looking to build some sweat equity, or investors! This three bed one bath home has plenty of room for entertaining with a large back yard and off street parking for two cars. Two of three bedrooms are located on the second floor with the third off the kitchen. Kitchen has been recently updated as well as bathroom. Spend your beautiful summer nights entertaining and enjoying the summer breeze on the front porch. Open houses Saturday and Sunday 6/3 an 6/4 from 11-1230pm.
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$280
Property Type
House
Property Taxes
$370
HOA Dues
-
Year Built
1930

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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 #73119451)

Price History

Date / Event Date Event Price
Jul 14, 2023 Sold
Premium
Sold
Jun 7, 2023 In contract -
In contract
Jun 2, 2023 Listed by Jason Mitchell Group $349,000
Listed by Jason Mitchell Group
May 27, 2008 Sold
Premium
Sold
Feb 22, 2008 Listed by Jason Mitchell Group $125,000
Listed by Jason Mitchell Group
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • 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: 3
  • 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: 780
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,517
  • Total Building Area: 1,248
  • Gross Building Area: 2,613
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WHIPPEN MANNOR CONDO
  • Land Acres: 0000000104
  • 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: 311300

Zoning

  • Zoning: TSF

Geography

  • Account Number: A00910
  • Parcel: LOWE M:87 B:4790 L:7
  • Block: 4790
  • Lot: 7
  • Municipality: LOWELL
  • Latitude: 42.6383
  • Longitude: -71.3359

    Address

  • Full Address: 7 Putnam Ave
  • Address - House Number: 7
  • Address - Street Name: Putnam
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lowell
  • Carrier Code: C049
  • 4-Digit Zip Code: 1706
  • Zip Code: 01851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $370,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1731
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 368,833
  • High Value: 432,708
  • Low Value: 304,958

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $297,900
  • Assessed Land Value: $124,100
  • Assessed Improvements Value: $173,800

    Sales

  • Current Sale Contract Date: Jul 14, 2023
  • Current Sale Recording Date: Jul 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20395
  • Previous Sale Recording Date: May 27, 2008
  • Previous Sale Amount: $120,000
  • 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:

$539,450

Sale Price/ft²

$317

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2569 ft²

Average Home Age

87.9 years

Currently For Sale

29 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# 73119451

Frequently Asked Questions

When was property at 7 Putnam Avenue built and last sold?
The property at 7 Putnam Avenue was built in 1930 and last sold on Jul 14, 2023 for $370,000.
How much is this home worth?
The estimated value of the home located at 7 Putnam Avenue is $353,211.
What are some comparable homes to 7 Putnam Avenue?
There are currently no comparable homes to 7 Putnam Avenue.
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