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Lowell 01850 Centralville
7 Richardson Ave
$258,000
● House - Off Market

7 Richardson Ave

Lowell, MA 01850
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,580 Ft²
$387,010
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

This very well maintained home has been in one family for many years.  First floor features a heated entry way with built in shelves.  Dining room has hard wood floor with original tin ceiling.  Kitchen is very large and has been upgraded.  You will certainly enjoy all the cabinet space, and center island.  Upstairs features 3 bedrooms.  There is 2 driveways with plenty of off street parking.  A one car garage and a fenced in yard.  You will not be disappointed!
Unit Size
1,580 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$161
Property Type
House
Property Taxes
$257
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: 5 months ago (MLSPIN #72407883)

Price History

Date / Event Date Event Price
Nov 26, 2018 Sold
Premium
Sold
Oct 9, 2018 Listed by ERA Key Realty Services $255,000
Listed by ERA Key Realty Services

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 964
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,014
  • Total Building Area: 1,580
  • Gross Building Area: 2,608
  • Building Area: 1,580
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,580
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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: 310300

Zoning

  • Zoning: TSF

Geography

  • Account Number: B07100
  • Parcel: LOWE M:174 B:4920 L:7
  • Block: 4920
  • Lot: 7
  • Municipality: LOWELL
  • Latitude: 42.6552
  • Longitude: -71.3056

    Address

  • Full Address: 7 Richardson Ave
  • Address - House Number: 7
  • Address - Street Name: Richardson
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lowell
  • Carrier Code: C005
  • 4-Digit Zip Code: 2032
  • Zip Code: 01850

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $430,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1917
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 428,810
  • High Value: 511,035
  • Low Value: 346,584

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $346,600
  • Assessed Land Value: $96,900
  • Assessed Improvements Value: $249,700

    Sales

  • Current Sale Recording Date: Nov 26, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 51390
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 Centralville

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$303

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2140 ft²

Average Home Age

96.4 years

Currently For Sale

30 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: 5 months ago
Data Source: MLS PIN, MLS# 72407883

Frequently Asked Questions

When was property at 7 Richardson Avenue built and last sold?
The property at 7 Richardson Avenue was built in 1920 and last sold on Jan 1, 1970 for $258,000.
How much is this home worth?
The estimated value of the home located at 7 Richardson Avenue is $271,158.
What are some comparable homes to 7 Richardson Avenue?
There are currently no comparable homes to 7 Richardson Avenue.
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