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Middlesex
106 Rainbow Avenue
$365,000
● House - Off Market

106 Rainbow Avenue

Dracut, MA 01826
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,193 Ft²
$396,504
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Price reduced to reflect amount of cosmetic updates that would be desired.  This solid four bedroom Cape style home is located on a corner lot, in a neighborhood setting, and it is ready for you to make it all your own.  There are two bedrooms on the first floor, an enclosed porch in back, hardwood flooring through much of the home, 2-zone heat, laundry hookups in the basement, partially finished area in the basement with knotty pine walls and heat, newer 200 amp electrical service, newer hot water heater, young roof, nice lot with fenced in area, and carport.
Unit Size
1,193 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$302
Property Type
House
Property Taxes
$345
HOA Dues
-
Year Built
1961

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 years ago (MLSPIN #72909643)

Price History

Date / Event Date Event Price
Dec 15, 2021 Sold
Premium
Sold
Oct 18, 2021 Listed by Homeplace Realty, Inc. $359,900
Listed by Homeplace Realty, Inc.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 768
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,165
  • Total Building Area: 1,193
  • Gross Building Area: 2,560
  • Building Area: 1,193
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,193
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000233
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Dracut School District
  • School Tax School District: DRACUT SD
  • Census Tract: 314102

Zoning

  • Zoning: R1

Geography

  • Account Number: 680026
  • District: 79
  • Parcel: DRAC M:33 L:85
  • Lot: 85
  • Municipality: DRACUT
  • Latitude: 42.6822
  • Longitude: -71.3379

    Address

  • Full Address: 106 Rainbow Ave
  • Address - House Number: 106
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Dracut
  • Carrier Code: C007
  • 4-Digit Zip Code: 2436
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $414,400

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 448,225
  • High Value: 521,968
  • Low Value: 374,482

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $396,600
  • Assessed Land Value: $183,200
  • Assessed Improvements Value: $213,400

    Sales

  • Current Sale Contract Date: Dec 15, 2021
  • Current Sale Recording Date: Dec 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 72416
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Middlesex

Stats & Trends

Median Asking:

$815,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2675 ft²

Average Home Age

62.7 years

Currently For Sale

3269 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72909643

Frequently Asked Questions

When was property at 106 Rainbow Avenue built and last sold?
The property at 106 Rainbow Avenue was built in 1961 and last sold on Dec 15, 2021 for $365,000.
How much is this home worth?
The estimated value of the home located at 106 Rainbow Avenue is $373,113.
What are some comparable homes to 106 Rainbow Avenue?
There are currently no comparable homes to 106 Rainbow Avenue.
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