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Lowell 01852 South Lowell
31 Fruit St
$420,000
● House - Off Market

31 Fruit St

Lowell, MA 01852
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,591 Ft²
$412,531
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

OFFERS DUE MONDAY, June 27th by 5:00 pm. You will feel like you are at HOME when you enter this bright and welcoming house in a quiet area of Lowell! This beautiful property features 2 large and open living spaces and a dining room with new wood-look laminate flooring.  The spacious kitchen has a huge pantry and exits to a composite deck perfect for sipping coffee in the morning or cocktails while cooking out in the evening. Loads of closet space. There are 3 bedrooms upstairs with a 4th room with no closet that could be used for a bedroom or an office/playroom. Master bedroom has his and her closets. Completely fenced-in, level yard with a large shed and plenty of off-street parking.  There is room for an above-ground pool and/or garden. Close to all major highways, area shopping and amenities!
Unit Size
1,591 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$251
Property Type
House
Property Taxes
$300
HOA Dues
-
Year Built
1920

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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 #73002749)

Price History

Date / Event Date Event Price
Aug 15, 2022 Sold
Premium
Sold
Jun 23, 2022 Listed by Karin Anderson Real Estate LLC $399,000
Listed by Karin Anderson Real Estate LLC
Feb 28, 1990 Sold
Premium
Sold
May 1, 1989 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 8
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 880
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,591
  • Gross Building Area: 2,784
  • Building Area: 1,591
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,591
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 312200

Zoning

  • Zoning: TSF

Geography

  • Account Number: M20805
  • Parcel: LOWE M:168 B:2485 L:31
  • Block: 2485
  • Lot: 31
  • Municipality: LOWELL
  • Latitude: 42.6217
  • Longitude: -71.3138

    Address

  • Full Address: 31 Fruit St
  • Address - House Number: 31
  • Address - Street Name: Fruit
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lowell
  • Carrier Code: C071
  • 4-Digit Zip Code: 5107
  • Zip Code: 01852

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $413,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1921
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 438,389
  • High Value: 522,643
  • Low Value: 354,134

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $333,000
  • Assessed Land Value: $117,400
  • Assessed Improvements Value: $215,600

    Sales

  • Current Sale Contract Date: Aug 15, 2022
  • Current Sale Recording Date: Aug 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 34623
  • Previous Sale Recording Date: Feb 28, 1990
  • Previous Sale Amount: $131,900
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

$312

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2294 ft²

Average Home Age

74.2 years

Currently For Sale

19 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# 73002749

Frequently Asked Questions

When was property at 31 Fruit Street built and last sold?
The property at 31 Fruit Street was built in 1920 and last sold on Aug 15, 2022 for $420,000.
How much is this home worth?
The estimated value of the home located at 31 Fruit Street is $407,376.
What are some comparable homes to 31 Fruit Street?
There are currently no comparable homes to 31 Fruit Street.
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