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Lowell 01851 Highlands
22 Spring Ave
$293,500
● House - Off Market

22 Spring Ave

Lowell, MA 01851
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,420 Ft²
$488,863
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

Lovely Colonial home in the HIGHLANDS neighborhood.  Main level open floor plan includes comfortable living room and kitchen with breakfast nook opens into dining room. The property features 3 bedrooms 2baths and a finished basement.  Central Air throughout, 4 off-street parking, 1 shed to hold all your yard equipment.
Unit Size
1,420 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$204
Property Type
House
Property Taxes
$182
HOA Dues
-
Year Built
2000

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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 #72057742)

Price History

Date / Event Date Event Price
Sep 17, 2021 Sold
Premium
Sold
Aug 9, 2021 Listed by Coco, Early & Associates $449,800
Listed by Coco, Early & Associates
Oct 27, 2016 Sold
Premium
Sold
Aug 24, 2016 Listed by Coco, Early & Associates $289,900
Listed by Coco, Early & Associates
Oct 29, 2008 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • 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: 15
  • 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: 696
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,141
  • Total Building Area: 1,664
  • Gross Building Area: 2,276
  • Building Area: 1,664
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,664
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000164
  • 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: 311200

Zoning

  • Zoning: TSF

Geography

  • Account Number: C18280
  • Parcel: LOWE M:120 B:5445 L:22
  • Block: 5445
  • Lot: 22
  • Municipality: LOWELL
  • Latitude: 42.639
  • Longitude: -71.3256

    Address

  • Full Address: 22 Spring Ave
  • Address - House Number: 22
  • Address - Street Name: Spring
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lowell
  • Carrier Code: C043
  • 4-Digit Zip Code: 1346
  • Zip Code: 01851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $523,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1685
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 566,762
  • High Value: 662,275
  • Low Value: 471,249

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $421,200
  • Assessed Land Value: $107,600
  • Assessed Improvements Value: $313,600

    Sales

  • Current Sale Contract Date: Sep 17, 2021
  • Current Sale Recording Date: Sep 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 54690
  • Previous Sale Recording Date: Oct 27, 2016
  • Previous Sale Amount: $293,500
  • 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 Highlands

Stats & Trends

Median Asking:

$537,000

Sale Price/ft²

$315

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2544 ft²

Average Home Age

86.2 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# 72057742

Frequently Asked Questions

When was property at 22 Spring Avenue built and last sold?
The property at 22 Spring Avenue was built in 2000 and last sold on Sep 17, 2021 for $495,800.
How much is this home worth?
The estimated value of the home located at 22 Spring Avenue is $457,217.
What are some comparable homes to 22 Spring Avenue?
There are currently no comparable homes to 22 Spring Avenue.
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