ATTENTION – ESTATE SALE: Investors, Cash Buyers or Pre-Approved 203K Buyers ONLY – Two Family Income Property available in Lowell, MA. Click Here for more info:
https://idx.mlspin.com/MLS.IDX/MyListings?AgentId=G8002219
OPEN HOUSE DATES: April 12th, 13th, 19th, and 20th. 2nd FLOOR ONLY
TIME: 11:00AM TO 1:00PM
1ST FLOOR IS OCCUPIED – ACCOMPANIED SHOWINGS ONLY WITH LIST BROKER AT 1:05PM
Other Showings are by Appointment Only. Please call or text the listing broker at 978- 590-0479 and leave your name, your brokerage, if any, and your requested day and time. Pre-approved Buyers with POF – ONLY.
Listing Price Questions:
“Why is it listed for $1.00?” “Is it really $1.00!!!???” – Please be serious and read ALL documents attached to the listing along with “Additional Information” below. There are a multitude of reasons why this property is listed for $1.00. This is, by far, the best way to reach “Fair Market Value” for the Estate without anyone trying to dictate what the market will pay. If you are a Licensed R.E. Professional, it’s up to each Licensed R.E. professional to pull his or her own comps for your prospective buyer and make an educated and experienced offer. The Estate is seeking the Best and Highest Offer to be submitted along with a strong POF by close of business (5:00PM) on the 23rd of April. If a suitable Offer comes in by that time, a decision should be made by the 25th, barring any type of clarification or delay in communication. When and if an Offer is accepted during that time, an expected move to P & S on or before the 28th of April will ensue.
If you are not represented by a Lic. R.E. Agent or Broker, there are pre-filled contracts available through the link above and these docs will also be available at the Open House along with other necessary documents. You will be able to fill in your own Offer and submit it by the deadline.
Please know: Offers that come in without POF will not be considered. Please include your estimated Closing Date as well.
Open House Rules: No discussion of price, potential rental income, or what I believe to be the value of the home, will be discussed with me, the List Broker. If you are an experienced investor / buyer and/or R.E. Professional who sees value in this offering and would like to make an offer, please follow the instructions and submit your written Highest and Best Offer by the 23rd to TMR@ToniNicholas .com.
Thank you, and thank you for your interest in this property. It will be my pleasure to meet you – See you at the Open House!
Additional Information About The Property:
For 987-989 Middlesex St.:
Please use the MLS link above to view pictures and to download documents.
Both Kitchens (upstairs and downstairs) were updated in 2019 to include new cabinets and refinished (original) hard-wood flooring, a granite countertop in Pantry of first floor unit, and laminate countertop in Pantry of 2nd floor unit. Both pantries have motion-operated faucets, and both units have in-unit laundry hookups for “under-counter” washers and dryers. (For more info on the washer and dryer installed in the first floor, please see the Appliances Addendum.)
The electrical work: An updated permit will be pulled and the work will be completed to include plugs in the upstairs pantry backsplash area, a plug for the washer and dryer, a plug behind the stove in the kitchen, and covers for the boxes in the basement.
Basement windows are all Vinyl Clad Double-Pane Windows set in mortar. No wood framing.
New Electrical Service Installed to house in 2019.
All Knob & Tube was removed and Whole House ReWired in 2019.
Whole House envelope was Insulated with Blown In Insulation in 2019.
Updated Plumbing / PVC in 2019. Also – Two inactive water lines run up to attic space directly from basement along with 2″ PVC Pipe for possible Sub-Panel in Attic. The attic also has two separate exits that lead to front and back hallways.
Two New Steam Heat Gas Furnaces Installed in 2019.
Downstairs Water Heater Replaced in Summer of 2024 (June or July)
Property Tax Abatement achieved 2025 – Taxes reduced
Same Builder: 987-989 Middlesex and four more houses on the right-hand side were all built by the same builder. This includes: 969-971 Middlesex, 973-975 Middlesex, 979-981 Middlesex, and 983-985 Middlesex, the last one being right next door. Most, if not all four, have finished space in the attic. For values and comparative information, see public records and/or search public websites for more information.
All five homes share a deeded private sewer pipe along the back-yard and connect in the back-yard located at 973-975 Middlesex. From there, the sewer pipe drops straight down and connects to the City’s old stone pipe sewer beneath Middlesex St. and 40 Spring Ave. The new connection to the City sewer line was updated to new PVC in early 2000’s and was funded by all five homeowners. All work was documented and records are held at the Lowell City Engineer’s office.