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$137,900
● Condo - Off Market

97 Forest #8

Lowell, MA
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,812 Ft²
$393,799
RealtyHop Estimate
185.57%
Since Dec 1, 2000
National-US
Primary Model

About This Property

HARD TO FIND 3 BDRM END UNIT, SM. COMPLEX, 8 UNITS ALL OWNER-OCCUPIED.ALL NEW APPLICANCES FRESHLY  PAINTED NEW CARPET WALLPAPER 2X6 CONST.CENTRAL AIR &VAC, PRIVATE DECK, FULL BSMT UPPER HIGHLAND LOC.SECONDS HIWAY TO CROSSPOINT.
Unit Size
1,812 Ft²
Days on Market
-
Land Size
-
Price per sqft
$76
Property Type
Condo
Property Taxes
$116
HOA Dues
$120
Year Built
-

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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 years ago (MLSPIN #30458231)

Price History

Date / Event Date Event Price
Nov 30, 2000 Sold
Premium
Sold
Oct 31, 2000 Listed by Century 21 Minuteman Realty $137,900
Listed by Century 21 Minuteman Realty

Property Highlights

Air Conditioning
Parking Available
Interior Details
Level: First
Width: 9
Length: 9
Area: 81
Level: Second
Width: 14
Length: 10
Area: 140
Width: 13
Length: 9
Level: First
Area: 117
Length: 14
Level: First
Area: 196
Width: 14
Width: 13
Length: 10
Area: 130
Level: Second
Level: Third
Length: 17
Width: 13
Area: 221
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Central Vacuum
Appliances: Range, Dishwasher, Refrigerator
Laundry Features: In Basement
Rooms: 6
Basement: Y
Parking Details
Parking Features: Off Street
Exterior Details
Entry Level: 1
Year Built Source: Owner
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Forest Park Estates
Structure Type: Townhouse
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck
Lead Paint: None
Lot Size Units: Acres
Zoning: RES
Parcel Number: 3184272
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $75,500
Tax Annual Amount: $1,389
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Forced Air, Natural Gas
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Snow Removal
HOA Fee: $120
Community Features: Park
Complex is Completed
Management: Owner Association

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30458231
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