39 Groves Ave, Lowell MA 01852

Lowell, MA 01852 • Centralville
$500,000
9
Beds
3
Baths
3,567
Sq Ft
$140
Price/Sq Ft
0.06
Acres
1900
Year Built
22
Days on Market
Sold Listed Mar 19, 2023 • MLS# 73089097 Copied! • Updated May 16, 2023

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Sale Statistics

Sale Overview
Original List Price: $469,900
Final Sale Price: $500,000
Difference: +$30,100 (+6.4%)
Performance Metrics
106.4%
List to Sale Ratio
Sold above asking price
22
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $132
Sale $/sq ft: $140
This property sold for $140 per square foot
Sale Summary

This property sold for 6.4% above the original asking price, indicating strong buyer demand.

With only 22 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 4 similar properties sold within 0.5 miles in the last 90 days

This Property
$140/sq ft
Area Median
$242/sq ft
Difference
42.2%

This property sold below the area median, potentially representing good value for the buyer.

About this home

**Deadline to submit an offer is Tuesday, March 28, 2023 at 5:00 pm** Perfect for owner occupied or for investment property as the second floor and finished attic are vacant. Second floor has a living room, kitchen, full bathroom, three bedrooms and small room with closet leading to the rear deck. The plumbing for kitchen sink is still there. First floor has four bedrooms, a full bathroom, a kitchen and a living room. First floor tenants use basement for storage and play area. They are to be conveyed with the sale. Groves Ave is a small dead-end street with NO parking. Please park along Lawrence St and walkover to the property to show. Please consult Firm Remarks for additional information.

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Recently Sold Nearby

Property History

Market Insights

75.4%
Price Range
24
Total Days on Market
2
Previous Sales

Property Timeline

✓
Sold
May 12, 2023
$500,000
Property sold
Days on Market: 24
🏠
Listed for Sale
Mar 19, 2023
$469,900
Original listing
Agent: Paul-Ratha Yem Office: Global Realty Network, Inc.
Previous Transaction - MLS #70620241
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 31, 2008
$123,000
MLS #70620241
Previous Transaction - MLS #70069424
Full transaction history available when tracking began
🏷️
Previously Sold
Oct 7, 2004
$305,000
MLS #70069424

Tax History

Year Taxes Assessment
2022 $5,011 $394,900

Financial Details

Annual Property Tax
$5,011
Tax Year 2022
Assessed Value
$394,900

Facts & Features

Home Facts

Type Residential Income
Style Multi Family
Year Built 1900
Living Area 3,567 sq ft
Lot Size 0.06 acres
Bedrooms 9
Full Baths 3
Total Rooms 16

Investment Metrics

Units 2
Unit 1 Rent $1,700/mo · Y
Unit 2 Rent — · N
Total Monthly Rent $1,700/mo
Gross Income $20,400
Net Operating Income $20,400
Cap Rate 4.34%
Heating Baseboard, Natural Gas
Cooling Window Unit(s), None
Flooring None
Appliances Range, Refrigerator
Fireplace None
Basement Full, Walk-out Access, Bulkhead
Laundry None
Features Walk-up Attic, Bathroom With Tub & Shower, Living Room, Kitchen
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing Fenced/enclosed
Patio/Porch Deck - Wood
Features On Street
Electric Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $5,011
Assessed Value $394,900
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Information Deemed Reliable But Not Guaranteed. Buyers Must Do Your Own Due Diligence. First Floor Tenants To Be Conveyed With The Sale. Attic Is Part Of 2nd Floor Per City Order.
Exclusions Tenant Belongings
Possession None
Accepted Financing None
Structure Type []
House Color YELLOW
Sq Ft Source Public Record
Documents None
County Middlesex
Total market time (incl. prior listings) 24 days

Property Overview

Property Type
Multi Family
Listing Type
Sold
Year Built
1900
Bedrooms
9
Full Bathrooms
3
Living Area
3,567 sq ft
Total Rooms
16
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring:
Appliances: Range, Refrigerator
Interior Features: Walk-Up Attic, Bathroom With Tub & Shower, Living Room, Kitchen
Windows:
Basement: Full, Walk-Out Access, Bulkhead
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone
Stories: 3

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Heating Zones: 3
Cooling: Window Unit(s), None
Hot Water: Natural Gas, Tank, Tankless
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Deck - Wood
Fencing: Fenced/Enclosed
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features: On Street
School District
Lowell School District local
C-
⚠ School Safety 2024-25
3.0% Above Average
2.8% Suspensions 0.8% In-School 0.2% Emergency
↓ 2.5% below state avg
E

Elementary Schools

3 schools
B
Rogers STEM Academy
0.3 mi | #8 of 16 | Score: 34.3
Improved 265 spots from last year
-23.9 below state avg
895 students Diverse
Rising School Diverse Student Body
Grades K-08
B
Lowell Community Charter Public School
0.4 mi | #154 of 352 | Score: 44.1
Improved 33 spots from last year
-14.2 below state avg
815 students Diverse
Rising School Diverse Student Body Strong Attendance
Grades PK-08
Immaculate Conception School
0.4 mi
Grades PK-08
M

Middle Schools

3 schools
C
Benjamin F. Butler Middle School
1.0 mi | #260 of 352 | Score: 35.7
Dropped 4 spots from last year
-22.5 below state avg
488 students Diverse
Diverse Student Body
Grades 05-08
B-
Kathryn P. Stoklosa Middle School
1.1 mi | #199 of 352 | Score: 40.7
Improved 17 spots from last year
-17.5 below state avg
608 students Diverse
Diverse Student Body
Grades 05-08
C
James Sullivan Middle School
1.2 mi | #267 of 352 | Score: 34.9
Improved 38 spots from last year
-23.3 below state avg
606 students Diverse
Rising School Diverse Student Body
Grades 05-08
H

High Schools

3 schools
F
Lowell Middlesex Academy Charter School
0.5 mi | #337 of 346 | Score: 22.3
Improved 9 spots from last year
-35.9 below state avg
124 students Diverse
College Ready Curriculum Diverse Student Body
Grades 09-12
Old Colony Y Lowell Revocation Program
0.9 mi
Grades 09-12
F
The Career Academy
1.0 mi | #25 of 25 | Score: 18.1
Improved 363 spots from last year
-40.1 below state avg
108 students Diverse
Rising School Diverse Student Body
Grades 09-12
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Location

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Neighborhood

Centralville

39 Groves Ave, Lowell MA 01852

Lowell, MA 01852

Listing Information

Listing Agent Paul-Ratha Yem
Listing Office Global Realty Network, Inc.
Office Phone 800-494-2400
Agent MLS ID G8000430
Office MLS ID G80035
Listing Data Updated May 16, 2023 8:09 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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