Sold
Last Sold Price
6 beds2,946 sqft

242 Cumberland Rd, Lowell, MA 01850

Multi FamilyProperty Type
0.19 acresLot Size
1930Year Built
$171/sq ftPrice per sq ft
2 carsParking Spaces

Description

Outstanding rental property! This Multi-Unit features 3 well maintained apartments in rentable condition. Two of the units have updated/upgraded high efficiency FHW units. The exterior has been vinyl sided, the roof is 7+/- years old and windows have been replaced with double pane insulated windows. The 1st floor has a 1 bedroom unit and a 2 bedroom unit. The second floor has a 3 bedroom apartment with the flexibility for a 4th bedroom. The sellers have stated that many of the bedrooms have Hardwood...Outstanding rental property! This Multi-Unit features 3 well maintained apartments in rentable condition. Two of the units have updated/upgraded high efficiency FHW units. The exterior has been vinyl sided, the roof is 7+/- years old and windows have been replaced with double pane insulated windows. The 1st floor has a 1 bedroom unit and a 2 bedroom unit. The second floor has a 3 bedroom apartment with the flexibility for a 4th bedroom. The sellers have stated that many of the bedrooms have Hardwood Flooring under the carpeting. Each Unit has a covered porch/balcony. All Porches were updated in the past few years. This property has been thoughtfully maintained and updated. Electric Systems have also been updated. A full unfinished basement has ample storage and this property also includes a 2 Stall Detached Garage. SHOWINGS BEGIN SUNDAY AT THE OPEN HOUSE FROM 11:30 AM to 1:30 PM.
  • Listed by: Raymond Boutin • RE/MAX Innovative Properties
Listing closed: 08/28/2019 12:00 AM • Source: MLS PIN, MLS#: 72542966
See It First™ on Compass

Find homes before they're listed on other real estate sites.

Start your search

Location

Listing Courtesy of RE/MAX Innovative Properties, Raymond Boutin

Sold By RE/MAX Innovative Properties, Raymond Boutin

Add your commute
Payment Calculator

$3,139 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,696

Property Taxes

$443

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.
Know your buying power with a preapproval and custom rate in minutes
Rocket Mortgage1

Property Information for 242 Cumberland Road

Property Details

  • Taxes: $5,313 / year
  • MLS Type: Multi-family / 3 Family
  • Town: Lowell
  • MLS Area: Centralville
  • Area: MA-Lowell-Centralville, MA-Lowell
  • Garage Spaces: 2
  • Open Parking Spaces: .00
  • Parking Spaces Total: 2

Building Information

  • Stories: 4
  • Residences: 3
  • Year Built: 1930
  • Lot Size: 0.19 AC / 8,369 SF

General Details

Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Medical Facility, Laundromat, House of Worship, Private School, Public School, University
  • Current Financing: Cash
  • Living Area: 2946.0
  • Total Units: 3
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • Grade School: Lps
  • High School: Lhs Or Gltech
  • Middle School: Lps

Features

Interior Features
  • Appliances: Unit 1(Range, Dishwasher, Vent Hood), Unit 2(Range, Refrigerator, Unit 3(Range), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
  • Basement Features: Full, Sump Pump, Unfinished Basement
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Vinyl, Carpet, Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors)
  • Interior Features: Unit 1(Ceiling Fans, Pantry, Bathroom With Tub & Shower), Unit 2(Pantry, Unit 3(Ceiling Fans, Unit 1 Rooms(Living Room, Dining Room, Kitchen, Other (See Remarks)), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room
  • Laundry Features: Washer Hookup, Unit 1 Laundry Room, Unit 2 Laundry Room
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame
  • Exterior Features: Balcony, Rain Gutters
  • Exterior Features: Balcony, Porch, Porch - Screened, Deck - Composite, Covered Patio/Deck
  • Lot Description: Corner Lot
  • Patio And Porch Features: Porch, Screened, Deck - Composite, Covered
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: 2.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Cooling: Unit 1(None), Unit 2(None)
  • Cooling: No
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Unit 1(Hot Water Baseboard, Oil), Unit 2(Hot Water Baseboard, Gas), Unit 3(Hot Water Baseboard
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Range, for Gas Oven, for Electric Dryer, Washer Hookup
  • Water: Public

Property Information

Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Disclosures: No warranties made or implied. Buyers and/or buyers agents should verify all information. Sellers have not lived in the property for many years.
Tax Information
  • Tax ID: M:153 B:1595 L:242,3186312
  • Assessments: $378,400
  • Book: 16385
  • Lot: 167
  • Map: 96
  • Tax Year: 2019
  • Zoning: TTF

Building / Association Information

Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Stone
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 3
  • Heat Zones: 3
Income / Expenses
  • GOI: $17,700.00
  • NOI: $17,700.00
Complex & Association Information
  • Adult Community: No

Unit Information

Unit 1 Description
  • Floor U1: 2
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: Y
  • Levels U3: 1

Rental Info

Rental Info
  • Total Actual Rent: $1,475.00

Market and Agent Information

Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 242 Cumberland Road

DateEvent & SourcePriceAppreciation
Aug 28, 2019

Sold

MLS PIN #72542966

$505,000—
Aug 8, 2019

Contingent

MLS PIN #72542966

—
Jul 31, 2019

Listed (Active)

MLS PIN #72542966

$499,900—
DateEvent & SourcePrice
08/28/2019

Sold

MLS PIN #72542966

$505,000
08/08/2019

Contingent

MLS PIN #72542966

—
07/31/2019

Listed (Active)

MLS PIN #72542966

$499,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 242 Cumberland Road

Taxable Value

Land

$151,100

Additions

$585,300
Total$736,400

Tax Record

2025

$8,454 ($704 / month)

Home Facts

Baths

3

Total Finished SqFt

2,946 SqFt

Above Grade Finished SqFt

2,946 SqFt

Unfinished Basement SqFt

1,603 SqFt

Stories

2

Lot Size

8,276 SqFt

Style

Triplex

Year Built

1930

Zoning

TTF

County

MIDDLESEX

APN

LOWE M:153 B:1595 L:242

Schools near 242 Cumberland Road

This home is within Lowell School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - PK to 4
Public - PK to 4
Public - PK to 4
Rating
School
Distance
S Christa Mcauliffe Elementary School
PublicPK to 4

Moody Elementary School
PublicPK to 4

Reilly Elementary School
PublicPK to 4

Greenhalge Elementary School
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Innovative Properties, Raymond Boutin

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.