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1508 Gorham Street, Lowell,...

Claudia Heiman Acquires Condo In Lowell, MA For $313,000
SOLD

Claudia Heiman Acquires Condo In Lowell, MA For $313,000

1508 Gorham Street, Lowell, Massachusetts 01852, United States

$313,000

$230/SF

Building Size

1,360 SF

Asset Type

Closing

May 9, 2022

AI

A condo located at 1508 Gorham St in Lowell, MA was recently sold in a transaction dated 05/10/2022. The property, with a total area of 1,360 square feet, was sold for a price of $313,000, resulting in a price per square foot of $230. The sale was facilitated by Dan Loprete of Realty Executives, representing the seller, Cristian Bailon. The buyer, Claudia Heiman, was represented by Donna Greene.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $313,000
  • Square Footage: 1,360
  • Price per Square Foot: $230
  • Address: 1508 Gorham St, Lowell, MA
  • Market: Lowell, MA

The sale of this condo highlights the successful negotiation between the buyer, Claudia Heiman, and seller, Cristian Bailon. The transaction was facilitated by their respective representatives, Dan Loprete of Realty Executives and Donna Greene. With a price per square foot of $230, this condo provides a valuable investment opportunity in the Lowell, MA market.

Players

Dan Loprete

Realty Executives

Broker

$14.7M

vol

16 deals

Broker

Cristian Bailon

Seller

$703K

vol

2 deals

Seller

Lowell CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

50.68%

Cash-on-Cash

-14.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93