2 months on rocket

Backup Offers

506 Gorham St, Lowell, MA, 01852

$599,000

Home List Price

$7,113*

Closing Credit

6 Bedrooms
5 Full Baths
3,976 SqFt
$151/SqFt
Multi

Location

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506 Gorham St, Lowell$599,000

Buyer Closing Credits

$7,113*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1910
MLS #73274690
Lot Size0.13 Acres
StatusAccepting Backup Offers
(Contingent)

About 506 Gorham St

Great investor opportunity! This 5-unit building consists of four 1-bedroom apartments and one 2-bedroom apartment. Off street parking. Walking distance to downtown, shopping, dining, bus stops and train station. Close to major highways and Umass Lowell. All 5 units are occupied by long term tenants. Open house this coming Saturday 10/12 from 12-2pm

Property Details

Property Features

Property Information:

  • Year Built: 1910
  • Living Area: 3,976 SqFt

Listing Office:

  • Office Name: LAER Realty Partners
  • Office Phone: (978) 957-1700
  • Listing Agent: Jason Newbury

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 6

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.13 Acres

School Info

Assigned Schools Information:

  • Lowell High School, Public District Grades 9-12
  • B.F.Butler Middle School, Public District Grades 5-8
  • Pyne Arts, Public District Grades PK-8
  • James Sullivan Middle School, Public District Grades 5-8
  • Moody Elementary School, Public District Grades KG-4
  • John J Shaughnessy, Public District Grades PK-4
  • Washington, Public District Grades PK-4

Other

Directions Information:

  • Directions: GPS to 506 Gorham st

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,000
  • Price Per SqFt: $151/SqFt

Tax Information:

  • Annual Amount: $5,653
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lowell, MA.

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Lowell, MA

City

Med. Sold Price

$471.6K

Med. Price/SqFt

$299

Avg. Days On Market

26

# of Sold Homes

54

506 Gorham St vs Lowell

81 DAYS ON ROCKET

+55 Days

$599,000

+$127.3K More

$151/SqFt

-$149 Less

KEY TAKEAWAY

This property is $127.3K more than the Median Sold Price and $149/SqFt less than other homes in Lowell, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73274690

Listing Office:

  • Office Name: LAER Realty Partners
  • Office Phone: (978) 957-1700
  • Listing Agent: Jason Newbury

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/27/2024, 9:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 12, 1995Home Sold
$35,000
Jul 02, 1987Home Sold
$300,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,653$420,000
2020$5,462$408,800
2019$4,532$322,800
2018$4,388$304,900
2017$4,082$273,600

History based on county public records data.

Payment Calculator

$3,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1004311
2
/10

  • Moody Elementary School

  • 158 Rogers St

  • 0.60 miles

  • Public District Grades KG-4

school-card-donut-1004312
6
/10

  • John J Shaughnessy

  • 1158 Gorham St

  • 0.76 miles

  • Public District Grades PK-4

school-card-donut-1004313
6
/10

  • Washington

  • 795 Wilder St

  • 1.25 miles

  • Public District Grades PK-4

Middle School

school-card-donut-1004314
3
/10

  • B.F.Butler Middle School

  • 1140 Gorham St

  • 0.73 miles

  • Public District Grades 5-8

school-card-donut-1004315
5
/10

  • Pyne Arts

  • 145 Boylston St

  • 1.22 miles

  • Public District Grades PK-8

school-card-donut-1004316
3
/10

  • James Sullivan Middle School

  • 150 Draper St

  • 1.41 miles

  • Public District Grades 5-8

High School

school-card-donut-1004317
3
/10

  • Lowell High School

  • 50 Father Morrissette Boulevar

  • 0.84 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $66,635. Typical income of Lowell, MA residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Middlesex County›Lowell›01852›506 Gorham St

This home is located at 506 Gorham St in Lowell, MA and zip code 01852 in the Back Central neighborhood. This 3,976 square foot home, which was built in 1910, sits on a 0.13 acre lot. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since August 07, 2024 and is currently priced at $599,000.

In September 2024 more than 36 listings in Lowell, MA were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 9 were sold below. The number of listings in Lowell, MA increased by 2.8% between August 2024 and September 2024. Listings spent 26 days on the market in September 2024, and had a median list price of $471,666 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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