Updated Sep 9, 2024
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
About this deal
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
Lowell CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $230 per square foot on a published $313K for 1,360 square feet (2022).
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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