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Haverhill 01835
50 Rainbow Drive
$281,500
● House - Off Market

50 Rainbow Drive

Haverhill, MA 01835
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,074 Ft²
$696,491
RealtyHop Estimate
140.25%
Since Mar 1, 2003
National-US
Primary Model

About This Property

WONDERFUL YOUNG COLONIAL W/MANY UPDATES; CERAMIC TILE FLRS CARPETING & MORE. FRONT TO BACK LIVING RM. SITUATED IN NEWER BRADFORD NEIGHBRHD-CONVENIENT TO HIGHWAY. FINISHED LL AND SPACIOUS RMS.EXPANSIVE DECK. ON LOCKBOX-EASY TO SHOW.
Unit Size
2,074 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$140
Property Type
House
Property Taxes
$221
HOA Dues
-
Year Built
1986

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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 #30671467)

Price History

Date / Event Date Event Price
Oct 24, 2003 Sold
Premium
Sold
Aug 11, 2003 Listed by RE/MAX Village Properties $297,900
Listed by RE/MAX Village Properties
Feb 27, 2003 Sold
Premium
Sold
Nov 27, 2002 Listed by RE/MAX Village Properties $289,900
Listed by RE/MAX Village Properties
Aug 8, 1997 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • 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: 7
  • Basement Area: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,123
  • Total Building Area: 2,074
  • Gross Building Area: 2,830
  • Building Area: 2,074
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,074
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000232
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Haverhill School District
  • Census Tract: 261102

Geography

  • Parcel: HAVE M:0790 B:00001 L:78
  • Block: 1
  • Lot: 78
  • Municipality: HAVERHILL
  • Latitude: 42.7564
  • Longitude: -71.1047

    Address

  • Full Address: 50 Rainbow Dr
  • Address - House Number: 50
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Haverhill
  • Carrier Code: R007
  • 4-Digit Zip Code: 6991
  • Zip Code: 01835

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $447,800

    Appraisal Valuation

  • Standard Deviation: 0.1911
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 531,827
  • High Value: 633,468
  • Low Value: 430,185

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $401,600
  • Assessed Land Value: $168,800
  • Assessed Improvements Value: $232,800

    Sales

  • Current Sale Recording Date: Oct 24, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 27, 2003
  • Previous Sale Amount: $281,500
  • 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 Haverhill

Stats & Trends

Median Asking:

$545,000

Sale Price/ft²

$311

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2490 ft²

Average Home Age

19.6 years

Currently For Sale

135 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

Unit for rent at 5 Batchelder, Haverhill, 01832

$2,600 /mo

  • 2 Beds
  • 1 Bath
  • 1,512 ft²
5 Batchelder #301, Haverhill, 01832 Listing by Daniel Mendonca

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 30671467

Frequently Asked Questions

When was property at 50 Rainbow Drive built and last sold?
The property at 50 Rainbow Drive was built in 1986 and last sold on Jan 1, 1970 for $300,000.
How much is this home worth?
The estimated value of the home located at 50 Rainbow Drive is $319,753.
What are some comparable homes to 50 Rainbow Drive?
There are currently no comparable homes to 50 Rainbow Drive.
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