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Lowell 01852 South Lowell
131 Rea St
$267,000
● House - Off Market

131 Rea St

Lowell, MA 01852
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,558 Ft²
$502,366
RealtyHop Estimate
86.13%
Since Oct 1, 2014
National-US
Primary Model

About This Property

BELVIDERE SECTION OF LOWELL -- TREMENDOUS OPPORTUNITY TO OWN THIS WONDERFUL 3 BEDROOM HOME ON A DEAD END STREET.  THIS HOME FEATURES HARDWOOD IN THE DINING ROOM, ALL 3 BEDROOMS AND THE PRIVATE OFFICE SPACE.  THIS HOME ALSO BOASTS A 16X24 FAMILY ROOM WITH CATHEDRAL CEILINGS, SKYLIGHTS AND A SLIDER THAT GOES OUT TO YOUR BACK DECK.  PLENTY OF OFF STREET PARKING, A GREAT YARD THAT ALSO HAS A UTILITY SHED.  THERE IS ALSO AMPLE SPACE IN THE BASEMENT FOR STORAGE OR TURN IT INTO A PLAY ROOM, WORK OUT ROOM OR JUST A TEENAGE RETREAT.
Unit Size
1,558 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$173
Property Type
House
Property Taxes
$316
HOA Dues
-
Year Built
1964

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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 months ago (MLSPIN #71716555)

Price History

Date / Event Date Event Price
Sep 5, 2014 Sold
Premium
Sold
Jul 19, 2014 Listed by ERA Key Realty Services $269,900
Listed by ERA Key Realty Services

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • 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: 11
  • 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: 9
  • Basement Area: 987
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,937
  • Total Building Area: 1,903
  • Gross Building Area: 2,799
  • Building Area: 1,903
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,903
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000205
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lowell School District
  • School Tax School District: LOWELL SD
  • Census Tract: 312300

Zoning

  • Zoning: SSF

Geography

  • Account Number: R03280
  • Parcel: LOWE M:238 B:4865 L:131
  • Block: 4865
  • Lot: 131
  • Municipality: LOWELL
  • Latitude: 42.6284
  • Longitude: -71.285

    Address

  • Full Address: 131 Rea St
  • Address - House Number: 131
  • Address - Street Name: Rea
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lowell
  • Carrier Code: C097
  • 4-Digit Zip Code: 4934
  • Zip Code: 01852

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $574,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1921
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 553,422
  • High Value: 659,784
  • Low Value: 447,059

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $462,500
  • Assessed Land Value: $182,100
  • Assessed Improvements Value: $280,400

    Sales

  • Current Sale Recording Date: Sep 05, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 35307
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 South Lowell

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$312

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2173 ft²

Average Home Age

68.2 years

Currently For Sale

22 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 months ago
Data Source: MLS PIN, MLS# 71716555

Frequently Asked Questions

When was property at 131 Rea Street built and last sold?
The property at 131 Rea Street was built in 1964 and last sold on Jan 1, 1970 for $267,000.
How much is this home worth?
The estimated value of the home located at 131 Rea Street is $281,747.
What are some comparable homes to 131 Rea Street?
There are currently no comparable homes to 131 Rea Street.
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