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Lowell 01852 South Lowell
155 Rea Street
$332,000
● House - Off Market

155 Rea Street

Lowell, MA 01852
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,514 Ft²
$489,540
RealtyHop Estimate
48.39%
Since May 1, 2019
National-US
Primary Model

About This Property

It will be a Joy to Come Home to This Tastefully Upgraded Ranch Completely Renovated in 2014.  The Remodeled Kitchen has Stainless Appliances, Plenty of Cabinet Space and Tile Flooring. The Living Room has Hardwood Flooring and Picture Window for Lots of Natural Light.  A Full Bath and 3 Bedrooms with Hardwood Flooring Complete the Main Living Area.   The Finished Lower Level has Lovely Pergo Flooring, a Half Bath with Laundry and Tile Flooring. 1 Car Garage and Off Street Parking.  All This Tucked Away from the Hustle and Bustle on a Dead End Street Just Minutes Away from Shopping, Restaurants and Highway Access!  Showings Begin at Open House on Sunday 2/24 from 11 AM to 1 PM. ANY AND ALL COMPLETE OFFERS WILL BE PRESENTED TO THE SELLER MONDAY 2/25 AT 5 PM. OFFERS MUST BE COMPLETE TO BE PRESENTED.
Unit Size
1,514 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$218
Property Type
House
Property Taxes
$283
HOA Dues
-
Year Built
1962

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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 #72455509)

Price History

Date / Event Date Event Price
Apr 22, 2019 Sold
Premium
Sold
Feb 21, 2019 Listed by Cameron Prestige, LLC $329,900
Listed by Cameron Prestige, LLC
Mar 5, 1963 Sold
Premium
Sold

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 576
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,011
  • Total Building Area: 1,114
  • Gross Building Area: 1,860
  • Building Area: 1,114
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,114
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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: W02280
  • Parcel: LOWE M:238 B:4865 L:155
  • Block: 4865
  • Lot: 155
  • Municipality: LOWELL
  • Latitude: 42.6277
  • Longitude: -71.2848

    Address

  • Full Address: 155 Rea St
  • Address - House Number: 155
  • Address - Street Name: Rea
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lowell
  • Carrier Code: C097
  • 4-Digit Zip Code: 4954
  • Zip Code: 01852

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $443,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1862
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 450,350
  • High Value: 534,218
  • Low Value: 366,481

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $356,900
  • Assessed Land Value: $157,500
  • Assessed Improvements Value: $199,400

    Sales

  • Current Sale Contract Date: Apr 22, 2019
  • Current Sale Recording Date: Apr 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14541
  • Previous Sale Recording Date: Mar 05, 1963
  • Previous Sale Amount: $12,000
  • Previous Sale Document Type: 27
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

$314

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2193 ft²

Average Home Age

72.2 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# 72455509

Frequently Asked Questions

When was property at 155 Rea Street built and last sold?
The property at 155 Rea Street was built in 1962 and last sold on Apr 22, 2019 for $332,000.
How much is this home worth?
The estimated value of the home located at 155 Rea Street is $339,866.
What are some comparable homes to 155 Rea Street?
There are currently no comparable homes to 155 Rea Street.
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