153 Summer St, Lowell MA 01852
Lowell, MA 01852
$850,000
Sale Statistics
Sale Overview
Original List Price:
$749,000
Final Sale Price:
$850,000
Difference:
+$101,000 (+13.5%)
Performance Metrics
113.5%
List to Sale Ratio
Sold above asking price
7
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:
$148
Sale $/sq ft:
$168
This property sold for $168 per square foot
Sale Summary
This property sold for 13.5% above the original asking price, indicating strong buyer demand.
With only 7 days on market, this was a quick sale compared to typical market conditions.
About this home
RARE INVESTMENT OPPORTUNITY Downtown Lowell 4-Plex. Move-in ready 5,057 sq ft, 11 bedroom, 5 bathroom Victorian 4-plex with three long term tenants in place, blocks away from Commuter Rail, Lowell Connecter to Rt 495 & Rt 3, and Downtown Lowell, MA. This investment opportunity features (3) 3-bedroom units with tenants and (1) 2-bedroom, 2-bath move-in ready unit. Option to live in one unit & collect $5,800 monthly, fully rent & collect $7,600 monthly, or potential for $9,000/mo at HUD fair market rents. All units have separate utilities. FHA Loans Welcome! FIRST SHOWING AT OPEN HOUSE ONLY June 17th 1:30 p.m. to 3 p.m. June 18th 12:30 p.m. to 2 p.m.
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Property History
Market Insights
11.9%
Price Range
9
Total Days on Market
Property Timeline
Sold
Jul 28, 2023
$850,000
Property sold
Days on Market: 9
Listed for Sale
Jun 12, 2023
$749,000
Original listing
Agent: Guy Contaldi
Office: Advisors Living - Boston
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/28/2023 | ✓ Sold | $850,000 | - | - | Property sold |
| 06/12/2023 | 🏠 Listed for Sale | $749,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2022 | $7,024 | $553,500 |
Financial Details
Annual Property Tax
$7,024
Tax Year 2022
Assessed Value
$553,500
Facts & Features
Home Facts
Type
Residential Income
Style
4 Family
Year Built
1900
Living Area
5,057 sq ft
Lot Size
0.07 acres
Bedrooms
11
Full Baths
5
Total Rooms
26
Investment Metrics
Units
4
Unit 1 Rent
— · N
Unit 2 Rent
$1,800/mo · Y
Unit 3 Rent
$1,650/mo · Y
Unit 4 Rent
$2,379/mo · N
Total Monthly Rent
$5,829/mo
Gross Income
$69,948
Net Operating Income
$69,948
Cap Rate
9.34%
Interior
Heating
None
Cooling
None
Flooring
Tile, Vinyl, Laminate, Wood
Appliances
Range, Refrigerator, Washer, Dryer
Fireplace
None
Basement
Partial, Walk-out Access, Interior Entry
Laundry
Washer & Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Features
None
Exterior
Construction
Frame, Brick
Architecture
None
Roof
Shingle, Rubber
Features
Garden
Pool
None
Spa
None
Fencing
Fenced/enclosed, Fenced
Patio/Porch
Enclosed, Deck, Deck - Composite, Patio
Parking
Features
On Street
Utilities
Electric
Individually Metered
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Electric Range, For Gas Oven, For Electric Oven, For Electric Dryer, Washer Hookup, Varies Per Unit
Financial
Annual Tax
$7,024
Assessed Value
$553,500
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
All Measurements And Details Provided In This Listing, While Provided With The Best Of Our Knowledge And Intentions, Are Approximate. Buyers And Buyers Agents Are Advised To Independently Verify All Information For Exactness.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
GREY
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
9 days
Property Overview
Property Type
4 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
11
Full Bathrooms
5
Living Area
5,057 sq ft
Total Rooms
26
Stories
6
Levels
6
Room Details
Other Floor
Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom
Interior Features
Flooring:
Tile, Vinyl, Laminate, Wood
Appliances:
Range, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Insulated Windows
Basement:
Partial, Walk-Out Access, Interior Entry
Laundry:
Washer & Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Frame, Brick
Roof:
Shingle, Rubber
Foundation:
Brick/Mortar
Stories:
6
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas, Electric
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Garden
Patio & Porch:
Enclosed, Deck, Deck - Composite, Patio
Fencing:
Fenced/Enclosed, Fenced
Other Structures:
Lot Features:
Road Surface:
Paved
Parking & Garage
Parking Features:
On Street
Nearby Schools
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
Elementary Schools
10 schools
B
Lowell Community Charter Public School
0.1 mi
|
#158 of 352
|
Score: 43.9
Improved 29 spots from last year
-14.3 below state avg
816 students
Diverse
Rising School
Diverse Student Body
Grades PK-08
B
Rogers STEM Academy
0.2 mi
|
#8 of 16
|
Score: 33.9
Improved 265 spots from last year
-24.3 below state avg
892 students
Diverse
Rising School
Diverse Student Body
Grades K-08
Hellenic American Academy
0.4 mi
Grades PK-08
St. Patrick School and Educational Center
0.6 mi
Grades PK-08
Immaculate Conception School
0.6 mi
Grades PK-08
C
Bartlett Community Partnership School
1.0 mi
|
#266 of 352
|
Score: 34.8
Improved 20 spots from last year
-23.4 below state avg
408 students
Very Diverse
Rising School
Diverse Student Body
Grades PK-08
St. Michael Elementary School
1.0 mi
Grades PK-08
Lowell Youth Treatment Center
1.1 mi
Grades 01-12
St. Louis Elementary School
1.2 mi
Grades PK-08
Community Christian Academy
1.2 mi
Grades PK-12
Middle Schools
7 schools
B-
Kathryn P. Stoklosa Middle School
0.7 mi
|
#198 of 352
|
Score: 40.6
Improved 18 spots from last year
-17.6 below state avg
613 students
Diverse
Diverse Student Body
Grades 05-08
C-
Benjamin F. Butler Middle School
1.0 mi
|
#303 of 352
|
Score: 31.0
Dropped 47 spots from last year
-27.2 below state avg
516 students
Very Diverse
Diverse Student Body
Grades 05-08
Laura Lee Therapeutic Day School
1.1 mi
15 students
Diverse
Diverse Student Body
Grades 01-08
C-
Henry J Robinson Middle School
1.5 mi
|
#288 of 352
|
Score: 32.5
Improved 31 spots from last year
-25.7 below state avg
600 students
Diverse
Rising School
Diverse Student Body
Grades 05-08
C
James Sullivan Middle School
1.6 mi
|
#267 of 352
|
Score: 34.8
Improved 38 spots from last year
-23.5 below state avg
625 students
Diverse
Rising School
Diverse Student Body
Grades 05-08
B+
James S Daley Middle School
1.7 mi
|
#120 of 352
|
Score: 47.3
Improved 55 spots from last year
-10.9 below state avg
669 students
Diverse
Rising School
Diverse Student Body
Grades 05-08
C
Dr. An Wang School
2.1 mi
|
#255 of 352
|
Score: 35.9
Improved 38 spots from last year
-22.3 below state avg
663 students
Very Diverse
Rising School
Diverse Student Body
Grades 05-08
High Schools
4 schools
F
Lowell Middlesex Academy Charter School
0.4 mi
|
#339 of 346
|
Score: 21.1
Improved 7 spots from last year
-37.1 below state avg
126 students
Diverse
College Ready Curriculum
Diverse Student Body
Grades 09-12
Old Colony Y Lowell Revocation Program
0.6 mi
Grades 09-12
F
The Career Academy
0.7 mi
|
#25 of 25
|
Score: 14.1
Improved 363 spots from last year
-44.1 below state avg
83 students
Diverse
Rising School
Diverse Student Body
Grades 09-12
D
Leblanc Therapeutic Day School
1.4 mi
|
#376 of 346
|
Score: 32.8
Same rank as last year
36 students
Diverse
Diverse Student Body
Grades 09-12
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Location
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Neighborhood
153 Summer St, Lowell MA 01852
Lowell, MA 01852
Listing Information
Listing Agent
Guy Contaldi
Agent MLS ID
BB923086
Office MLS ID
AN1921
Listing Data Updated
Jul 29, 2023 8:48 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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