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Lowell 01854 The Acre
22 Franklin St
$280,000
● House - Off Market

22 Franklin St

Lowell, MA 01854
bedrooms
6 Beds
bathrooms
2 Baths
square feet
2,581 Ft²
$477,772
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

Large single family home with lots of potential. Home is well-kept: hot water tank changed in 2015, roof changed in 2009, renovation/addition in 2002 with new hardwood flooring. Easy to show, nothing to do, just move right in.  This special home is not to be missed, schedule a showing today!
Unit Size
2,581 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$110
Property Type
House
Property Taxes
$284
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 #71976461)

Price History

Date / Event Date Event Price
Sep 16, 2016 Sold
Premium
Sold
Mar 23, 2016 Listed by Pailin Realty $283,000
Listed by Pailin Realty
Jul 17, 2001 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 6
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,080
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,316
  • Total Building Area: 2,322
  • Gross Building Area: 3,744
  • Building Area: 2,322
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,322
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000099
  • 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: 311100

Zoning

  • Zoning: UMF

Geography

  • Account Number: E00540
  • Parcel: LOWE M:139 B:2440 L:22
  • Block: 2440
  • Lot: 22
  • Municipality: LOWELL
  • Latitude: 42.6424
  • Longitude: -71.32

    Address

  • Full Address: 22 Franklin St
  • Address - House Number: 22
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lowell
  • Carrier Code: C004
  • 4-Digit Zip Code: 4144
  • Zip Code: 01854

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $433,800
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1921
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 500,316
  • High Value: 596,456
  • Low Value: 404,175

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $349,300
  • Assessed Land Value: $82,900
  • Assessed Improvements Value: $266,400

    Sales

  • Current Sale Recording Date: Sep 16, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 44638
  • Previous Sale Recording Date: Jul 17, 2001
  • Previous Sale Amount: $125,000
  • 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 The Acre

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$297

Below Asking

0.02%

Average Days on Market

51

Average Home Size

2655 ft²

Average Home Age

93.8 years

Currently For Sale

12 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# 71976461

Frequently Asked Questions

When was property at 22 Franklin Street built and last sold?
The property at 22 Franklin Street was built in 1962 and last sold on Jan 1, 1970 for $280,000.
How much is this home worth?
The estimated value of the home located at 22 Franklin Street is $285,644.
What are some comparable homes to 22 Franklin Street?
There are currently no comparable homes to 22 Franklin Street.
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