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Lowell 01854 Pawtucketville
22 Rule Lane
$255,000
● House - Off Market

22 Rule Lane

Lowell, MA 01854
bedrooms
2 Beds
bathrooms
1 Bath
square feet
912 Ft²
$402,820
RealtyHop Estimate
67.91%
Since Feb 1, 2017
National-US
Primary Model

About This Property

Lovingly cared-for starter Ranch with two bedrooms and one full bath, located in Pawtucketville! This property is situated in a great neighborhood close to shopping, restaurants, medical services, schools, and the bus line! This home boasts hardwood floors throughout, a separate dining room, spacious living room with wood fireplace, and tiled bathroom. Large, fully applianced, eat-in kitchen with wainscotting, ceiling fan, and beautiful granite countertops. The kitchen leads to an enclosed porch with easy access to the driveway. Nicely landscaped lot complete with irrigation system. Maintenance-free vinyl siding, newer vinyl windows, updated roof, and security system. Bring your ideas and finish the lower level! Laundry sink, washer, and new dryer are included! This home will not last long, so don't miss out!
Unit Size
912 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$263
Property Type
House
Property Taxes
$240
HOA Dues
-
Year Built
1963

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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 #72102344)

Price History

Date / Event Date Event Price
Aug 26, 2019 Sold
Premium
Sold
Jan 30, 2017 Sold
Premium
Sold
Dec 18, 2016 Listed by Bean Group $239,900
Listed by Bean Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • 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: 7
  • Basement Area: 912
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,033
  • Total Building Area: 912
  • Gross Building Area: 1,896
  • Building Area: 912
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 912
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000207
  • 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: 310601

Zoning

  • Zoning: SSF

Geography

  • Account Number: M09290
  • Parcel: LOWE M:55 B:5110 L:22
  • Block: 5110
  • Lot: 22
  • Municipality: LOWELL
  • Latitude: 42.646
  • Longitude: -71.3528

    Address

  • Full Address: 22 Rule Ln
  • Address - House Number: 22
  • Address - Street Name: Rule
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lowell
  • Carrier Code: C028
  • 4-Digit Zip Code: 1327
  • Zip Code: 01854

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $420,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1921
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 417,903
  • High Value: 498,208
  • Low Value: 337,599

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $338,300
  • Assessed Land Value: $140,600
  • Assessed Improvements Value: $197,700

    Sales

  • Current Sale Contract Date: Aug 26, 2019
  • Current Sale Recording Date: Aug 26, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 35998
  • Previous Sale Recording Date: Jan 30, 2017
  • Previous Sale Amount: $255,000
  • Previous Sale Document Type: O
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 Pawtucketville

Stats & Trends

Median Asking:

$515,000

Sale Price/ft²

$313

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1660 ft²

Average Home Age

71.6 years

Currently For Sale

30 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72102344

Frequently Asked Questions

When was property at 22 Rule Lane built and last sold?
The property at 22 Rule Lane was built in 1963 and last sold on Aug 26, 2019 for $300,000.
How much is this home worth?
The estimated value of the home located at 22 Rule Lane is $246,954.
What are some comparable homes to 22 Rule Lane?
There are currently no comparable homes to 22 Rule Lane.
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