Score
0Lowell, MA
200 Market St APT 217
360K
2 beds
2 baths
1,434 sqft
2 bd • 2 ba • 1,434 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$360,000
Price/Sq.Ft
$251
Year Built
1913
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This property boasts an excellent location in downtown Lowell, offering walkability to restaurants, theaters, and festivals. The spacious 1,434 sqft layout is 20% larger than the average two-bedroom condo in the area (typically around 1,200 sqft). At $251/sqft, it's priced 15% below the downtown Lowell average of $295/sqft for similar properties. The unit features desirable amenities such as stainless steel appliances, a loft space expandable to 10'x10', and two walk-in closets. The building, constructed in 1913, has historical charm and has likely undergone significant renovations to modernize the space. The included parking spot adds significant value in the downtown area.
The Bad
The property's extreme flood risk (9/10) is a major concern, potentially leading to high insurance costs and future damage. The air quality risk (3/10) and heat risk (5/10) are also noteworthy. The unit has carpet in bedrooms and vinyl/laminate flooring in main living areas, which may be less desirable than hardwood. The half-bath on the main floor might be inconvenient for guests. The sale being contingent on the seller finding suitable housing introduces uncertainty and potential delays for buyers.
The Ugly
The property's price history shows extreme volatility, with a 369.2% increase from 2020 to 2025, following a 65.9% decrease from 2017 to 2020. This volatility suggests high market instability and potential overvaluation. The extreme flood risk (9/10) and major wind risk (6/10) could lead to substantially higher insurance premiums and potential future damage costs. The age of the building (built 1913) implies potential for major system replacements and ongoing maintenance issues, despite likely renovations. The combined sewer overflow (CSO) issue in Lowell poses environmental and health risks during heavy rains.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for young professionals or couples without children who prioritize downtown living and walkability. It's ideal for those with a household income of $120,000+ (based on a 28% front-end DTI ratio for a $360,000 property). The unit would appeal to buyers who appreciate historical architecture and are comfortable with the unique challenges of living in a converted mill building. It's also suitable for investors looking for short-term rentals or Airbnb opportunities, given its prime location for tourism and proximity to UMass Lowell.
Not For
This property is not suitable for families with children, given the poor ratings of nearby schools (3-5/10) and the lack of outdoor space. It's also not ideal for risk-averse buyers or those unable to manage potentially high insurance costs due to flood and wind risks. Individuals with respiratory issues should be cautious due to the moderate air quality risk. The property isn't appropriate for buyers seeking a stable, predictable market, given the extreme price volatility in recent years.
Demographics
Area Median Income
$68,256
Property History
Price History
Ownership Timeline
$76,725Cash Purchase
Apr 23, 2020Khai MaThi Vu
Quit Claim Deed
Standard Sale (Purchase/Resales)
$225,000Financed
Jan 1, 1970Nicholas K TouloumzisKhai Ma
Quit Claim Deed
Standard Sale (Purchase/Resales)
$187,000Financed
Jan 1, 1970Michael J RouineNicholas K Touloumzis
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jan 1, 1970Annalisa Oswald, Matthew William ElsberndAnnalisa Oswald
Deed
Non-Arm's Length Transactions
$147,500Financed
Jan 1, 1970Nghia Thi Nguyen, Minh Ngoc LamMatthew W Elsbernd, Annalisa Oswald
Deed
Standard Sale (Purchase/Resales)
$37,905Cash Purchase
Jan 1, 1970Canal Linc IncNghia Thi Nguyen
Deed
Standard Sale (Purchase/Resales)
Property Taxes
$2,948
2024 Tax Assessment
0.0%from previous year
Assessed Value$219,000
Tax Rate1.35%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
4.0/10
AverageHigh
3.0/10
Below AverageFinancials
Monthly Costs
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$360,000
Price/sqft
$251
Layout
2 bd•2 ba
Days on market
8 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$431,250
16.5%
Your price is 16.5% below average
Median Price
$445,000
19.1%
Based on 6 recent sales
Price per Sq.Ft
$298
15.8%
Your price is 15.8% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 130 John St #455, Lowell, MA 01852 | $447,500 | 1,543 | 2 | 2 | $29015.5% | 10/30/2024 |
| 109 Shaw St, Lowell, MA 01851 | $445,000 | 1,254 | 3 | 2 | $35541.4% | 11/5/2024 |
| 22 Harrison St. #2, Lowell, MA 01852 | $390,000 | 1,504 | 3 | 2 | $2593.3% | 10/7/2024 |
| 117 Hoyt Avenue, Lowell, MA 01852 | $530,000 | 1,632 | 3 | 2 | $32529.4% | 10/23/2024 |
| 106 Park Ave West #D7, Lowell, MA 01852 | $380,000 | 1,416 | 2 | 2 | $2686.9% | 9/4/2024 |
| 900 Lawrence St #13, Lowell, MA 01852 | $395,000 | 1,368 | 2 | 2 | $28915.0% | 9/11/2024 |
130 John St #455, Lowell, MA 01852
Price: $447,500
Sq.Ft: 1,543
Beds/Baths: 2/2
$/Sq.Ft:
$29015.5%
Sale Date: 10/30/2024
109 Shaw St, Lowell, MA 01851
Price: $445,000
Sq.Ft: 1,254
Beds/Baths: 3/2
$/Sq.Ft:
$35541.4%
Sale Date: 11/5/2024
22 Harrison St. #2, Lowell, MA 01852
Price: $390,000
Sq.Ft: 1,504
Beds/Baths: 3/2
$/Sq.Ft:
$2593.3%
Sale Date: 10/7/2024
117 Hoyt Avenue, Lowell, MA 01852
Price: $530,000
Sq.Ft: 1,632
Beds/Baths: 3/2
$/Sq.Ft:
$32529.4%
Sale Date: 10/23/2024
106 Park Ave West #D7, Lowell, MA 01852
Price: $380,000
Sq.Ft: 1,416
Beds/Baths: 2/2
$/Sq.Ft:
$2686.9%
Sale Date: 9/4/2024
900 Lawrence St #13, Lowell, MA 01852
Price: $395,000
Sq.Ft: 1,368
Beds/Baths: 2/2
$/Sq.Ft:
$28915.0%
Sale Date: 9/11/2024
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