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Lowell 01850 Centralville
89 Homestead Rd
$378,000
● House - Off Market

89 Homestead Rd

Lowell, MA 01850
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,541 Ft²
$522,777
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model

About This Property

Highest and best by tomorrow( 04/27th) at 10:00am. Newly renovated 3 bedroom, 2 bathroom colonial style home located in a quiet area of the Christian Hill neighborhood of Lowell which boasts quality materials and finishes throughout. This beautiful home features a gorgeous kitchen connected to a spacious dining room which leads to a fenced yard. It offers brand new systems which include high efficiency heating, central AC, as well as, a new main roof and new vinyl siding. There's an extra room in the basement with exterior access, perfect for guess room/teen room/ man cave/ possibilities are endless. There is a first floor bedroom as well for those wanting a bedroom on the main level. Still room to grow in the unfinished area. Come and see it before it's gone!
Unit Size
1,541 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$240
Property Type
House
Property Taxes
$207
HOA Dues
-
Year Built
1919

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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 #72647299)

Price History

Date / Event Date Event Price
May 29, 2020 Sold
Premium
Sold
Apr 24, 2020 Listed by Doherty Properties $369,900
Listed by Doherty Properties
Oct 31, 2019 Sold
Premium
Sold
Oct 9, 2019 Listed by Doherty Properties $189,900
Listed by Doherty Properties

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1919
  • Effective Year Built: 1919
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 837
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,974
  • Total Building Area: 1,428
  • Gross Building Area: 2,493
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000114
  • 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: H03685
  • Parcel: LOWE M:173 B:3060 L:89
  • Block: 3060
  • Lot: 89
  • Municipality: LOWELL
  • Latitude: 42.6575
  • Longitude: -71.308

    Address

  • Full Address: 89 Homestead Rd
  • Address - House Number: 89
  • Address - Street Name: Homestead
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lowell
  • Carrier Code: C009
  • 4-Digit Zip Code: 1817
  • Zip Code: 01850

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $443,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1858
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 451,901
  • High Value: 535,873
  • Low Value: 367,929

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $357,000
  • Assessed Land Value: $116,000
  • Assessed Improvements Value: $241,000

    Sales

  • Current Sale Contract Date: May 19, 2020
  • Current Sale Recording Date: May 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23115
  • Previous Sale Recording Date: Oct 31, 2019
  • Previous Sale Contract Date: Oct 31, 2019
  • Previous Sale Amount: $210,000
  • 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 Centralville

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$299

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1957 ft²

Average Home Age

93.2 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: 6 months ago
Data Source: MLS PIN, MLS# 72647299

Frequently Asked Questions

When was property at 89 Homestead Road built and last sold?
The property at 89 Homestead Road was built in 1919 and last sold on May 19, 2020 for $378,000.
How much is this home worth?
The estimated value of the home located at 89 Homestead Road is $375,495.
What are some comparable homes to 89 Homestead Road?
There are currently no comparable homes to 89 Homestead Road.
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