56 Nottingham Street, Lowell MA 01851
Lowell, MA 01851
$395,000
Est. $2,102/month
About this home
Investor/Contractors . This 2 family is currently vacant due to minor fire damage . Awaiting your renovations for this to become your next money maker. Large units .Each with 3 Bedrooms. Could be flipped or held as a rental as projected rents of $2200.00 per month per unit make this a positive cash flow property. Easy access to Rt. 3 and 495. Less than a mile to commuter rail.
Sale Statistics
Sale Overview
Original List Price:
$425,000
Final Sale Price:
$395,000
Difference:
$30,000 (-7.1%)
Performance Metrics
92.9%
List to Sale Ratio
Sold below asking price
23
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:
$153
Sale $/sq ft:
$142
This property sold for $142 per square foot
Sale Summary
This property sold for 7.1% below the original asking price.
With only 23 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
2 Family - 2 Units Up/Down
Property Category
Residential Income
Year Built
1900
Bedrooms
6
Full Bathrooms
2
Living Area
2,775 sq ft
Total Rooms
12
Stories
3
Levels
3
Interior Features
Has Fireplace
No
Exterior & Structure
Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Patio/Porch Features
Porch
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.07 acres
Lot Size
2,846 sq ft
Lot Size Area
0.0700
Lot Features
Level
Frontage Length
50 ft
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Parking Features
On Street
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Community Features
Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, Public School, T-Station, University
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$6,200
Tax Year
2024
Tax Assessed Value
$496,100
Parcel Number
3183896
Zoning
MDL-01
Financial Data Source
Estimated, Owner
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Property sold "As Is". Vacant . Property is "Winterized" Buyer responsible for smoke detector inspection. List agent must accompany all showings.
Location
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Neighborhood
56 Nottingham Street, Lowell MA 01851
Lowell, MA 01851
Walkability
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Schools
School information not available
Monthly Payment Calculator
%
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Estimated Monthly Payment
$0
Payment Breakdown
Principal & Interest
$0
Property Tax
$517
Homeowners Insurance
$200
PMI
$0
Property History
Market Insights
7.1%
Price Range
24
Total Days on Market
Property Timeline
Sold
Jan 26, 2024
$395,000
Property sold
Days on Market: 24
Listed for Sale
Nov 27, 2023
$425,000
Original listing
Office: LAER Realty Partners
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 01/26/2024 | ✓ Sold | $395,000 | - | - | Property sold |
| 11/27/2023 | 🏠 Listed for Sale | $425,000 | - | - | Original listing |