39 Groves Ave, Lowell MA 01852

Lowell, MA 01852 • Centralville

$500,000

Beds

Baths

3,567

Sq Ft

$140

Price/Sq Ft

0.06

Acres

1900

Year Built

Multi Family

Type

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

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.

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

Price Range

Total Days on Market

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.

Date	Event	Price	Change	$/sqft	Details
05/12/2023	✓ Sold	$500,000	-	-	Property sold
03/19/2023	🏠 Listed for Sale	$469,900	-	-	Original listing

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%

Interior

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

Exterior

Construction Frame

Architecture None

Roof Shingle

Features None

Pool None

Spa None

Fencing Fenced/enclosed

Patio/Porch Deck - Wood

Parking

Features On Street

Utilities

Electric Circuit Breakers, 100 Amp Service

Water Public

Sewer Public Sewer

Gas None

Other None

Financial

Annual Tax $5,011

Assessed Value $394,900

HOA & Community

Fee Includes None

Amenities None

Optional Fee Includes None

MA Disclosures

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

Additional Details

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

Full Bathrooms

Living Area

3,567 sq ft

Total Rooms

Stories

Levels

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

Nearby Schools

School information not available for this location.

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.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

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