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Lowell 01852 Belvidere
85 Butman Road
$720,000
● House - Off Market

85 Butman Road

Lowell, MA 01852
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3,408 Ft²
$4,098
Est. Monthly

About This Property

Welcome to 85 Butman Road. This lovely Colonial sits on a flat lot just off Andover Street in the heart of Belvidere Lowell. Featuring five bedrooms and four full bathrooms, this meticulously maintained home is ideal for multigenerational living or anyone in need of extra space. With a welcoming floor plan, bright rooms, and a well-kept yard, this property offers both charm and modern convenience. Located near schools, parks, and local amenities, this is a must-see!
Unit Size
3,408 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$205
Property Type
House
Property Taxes
$661
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: 4 months ago (MLSPIN #73298506)

Price History

Date / Event Date Event Price
Nov 27, 2024 Sold
Premium
Sold
Nov 2, 2024 In contract -
In contract
Oct 3, 2024 Listed by Keller Williams Realty-Merrimack $699,900
Listed by Keller Williams Realty-Merrimack
Jan 13, 1999 Sold
Premium
Sold
Sep 18, 1998 Listed by Keller Williams Realty-Merrimack $169,900
Listed by Keller Williams Realty-Merrimack
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,152
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,520
  • Total Building Area: 3,408
  • Gross Building Area: 4,984
  • Building Area: 3,408
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,408
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000173
  • 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: 312502

Zoning

  • Zoning: SSF

Geography

  • Account Number: O01730
  • Parcel: LOWE M:233 B:920 L:85
  • Block: 920
  • Lot: 85
  • Municipality: LOWELL
  • Latitude: 42.6413
  • Longitude: -71.2862

    Address

  • Full Address: 85 Butman Rd
  • Address - House Number: 85
  • Address - Street Name: Butman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lowell
  • Carrier Code: C085
  • 4-Digit Zip Code: 3003
  • Zip Code: 01852

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $748,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1865
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 743,597
  • High Value: 882,286
  • Low Value: 604,908

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $602,500
  • Assessed Land Value: $176,500
  • Assessed Improvements Value: $426,000

    Sales

  • Current Sale Recording Date: Jan 13, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 28, 1993
  • Previous Sale Amount: $48,000
  • 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 Belvidere

Stats & Trends

Median Asking:

$614,000

Sale Price/ft²

$332

Below Asking

0.02%

Average Days on Market

53

Average Home Size

2177 ft²

Average Home Age

96.3 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73298506

Frequently Asked Questions

When was property at 85 Butman Road built and last sold?
The property at 85 Butman Road was built in 1920 and last sold on Jan 1, 1970 for $164,000.
How much is this home worth?
The estimated value of the home located at 85 Butman Road is $663,220.
What are some comparable homes to 85 Butman Road?
There are currently no comparable homes to 85 Butman Road.
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