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Lowell 01851 Highlands
196 Florence Road
Photo of 196 Florence Road
Sold on May 19, 2008

1

Map

$230,000
● House - Off Market

196 Florence Road

Lowell, MA 01851
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,386 Ft²
$447,519
RealtyHop Estimate
86.54%
Since Jun 1, 2008
National-US
Primary Model

About This Property

GREAT LOCATION.  NICE YARD.  18'X16' DECK OF KITCHEN.  FINISHED FAMILY ROOM IN BASEMENT.  CENTRAL A/C.  LARGE GARAGE UNDER.  EXTRA STORAGE ROOM AND ¾ BATH IN LOWER LEVEL.  HARDWOOD FLOORS THROUGHOUT.  EASY TO SHOW.  SUBJECT TO CURRENT LENDER APPROVAL.
Unit Size
1,386 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$173
Property Type
House
Property Taxes
$273
HOA Dues
-
Year Built
1970

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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: 4 months ago (MLSPIN #70655153)

Price History

Date / Event Date Event Price
May 16, 2008 Sold
Premium
Sold
Sep 26, 2007 Listed $239,900
Listed
Dec 9, 1998 Sold
Premium
Sold
Mar 6, 1998 Listed $164,900
Listed

Property Highlights

Parking Available
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 786
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,205
  • Total Building Area: 1,386
  • Gross Building Area: 2,320
  • Building Area: 1,386
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,386
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000234
  • 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: 311600

Zoning

  • Zoning: SSF

Geography

  • Account Number: B04185
  • Parcel: LOWE M:91 B:2355 L:196
  • Block: 2355
  • Lot: 196
  • Municipality: LOWELL
  • Latitude: 42.6249
  • Longitude: -71.3373

    Address

  • Full Address: 196 Florence Rd
  • Address - House Number: 196
  • Address - Street Name: Florence
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lowell
  • Carrier Code: C037
  • 4-Digit Zip Code: 3932
  • Zip Code: 01851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $575,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2664
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 511,220
  • High Value: 647,447
  • Low Value: 374,993

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $463,200
  • Assessed Land Value: $189,200
  • Assessed Improvements Value: $274,000

    Sales

  • Current Sale Recording Date: May 16, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00023019
  • Previous Sale Recording Date: Dec 09, 1998
  • Previous Sale Amount: $155,000
  • 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 Highlands

Stats & Trends

Median Asking:

$532,500

Sale Price/ft²

$317

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2547 ft²

Average Home Age

88.1 years

Currently For Sale

32 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: 4 months ago
Data Source: MLS PIN, MLS# 70655153

Frequently Asked Questions

When was property at 196 Florence Road built and last sold?
The property at 196 Florence Road was built in 1970 and last sold on Jan 1, 1970 for $230,000.
How much is this home worth?
The estimated value of the home located at 196 Florence Road is $250,710.
What are some comparable homes to 196 Florence Road?
There are currently no comparable homes to 196 Florence Road.
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