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Lowell 01852 South Lowell
8 Olive St
$176,000
● House - Off Market

8 Olive St

Lowell, MA 01852
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,234 Ft²
$322,349
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

Affordable home; better than a condo. Finished interior sheetrock with bamboo flooring throughout; Updated kitchen and bath; New vinyl insulated windows. Easy access to Lowell Connector rte 3 and 495..
Unit Size
1,234 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$154
Property Type
House
Property Taxes
$160
HOA Dues
-
Year Built
1900

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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 #71965715)

Price History

Date / Event Date Event Price
Jun 17, 2016 Sold
Premium
Sold
Feb 29, 2016 Listed by Urban Real Estate $189,900
Listed by Urban Real Estate
Feb 3, 2014 Sold
Premium
Sold
Nov 22, 2013 Listed by Urban Real Estate $114,900
Listed by Urban Real Estate

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 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: 475
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,280
  • Total Building Area: 1,095
  • Gross Building Area: 1,725
  • Building Area: 1,095
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,095
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000052
  • 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: 312100

Zoning

  • Zoning: USF

Geography

  • Account Number: B11320
  • Parcel: LOWE M:164 B:4410 L:8
  • Block: 4410
  • Lot: 8
  • Municipality: LOWELL
  • Latitude: 42.6311
  • Longitude: -71.3091

    Address

  • Full Address: 8 Olive St
  • Address - House Number: 8
  • Address - Street Name: Olive
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lowell
  • Carrier Code: C078
  • 4-Digit Zip Code: 4007
  • Zip Code: 01852

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $340,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1921
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 359,667
  • High Value: 428,792
  • Low Value: 290,542

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $274,100
  • Assessed Land Value: $77,500
  • Assessed Improvements Value: $196,600

    Sales

  • Current Sale Recording Date: Jun 17, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26443
  • Previous Sale Recording Date: Feb 03, 2014
  • Previous Sale Amount: $105,000
  • Previous Sale Document Type: O
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 South Lowell

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$313

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2219 ft²

Average Home Age

73.7 years

Currently For Sale

21 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: 5 months ago
Data Source: MLS PIN, MLS# 71965715

Frequently Asked Questions

When was property at 8 Olive Street built and last sold?
The property at 8 Olive Street was built in 1900 and last sold on Jan 1, 1970 for $176,000.
How much is this home worth?
The estimated value of the home located at 8 Olive Street is $197,691.
What are some comparable homes to 8 Olive Street?
There are currently no comparable homes to 8 Olive Street.
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