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Lowell 01851 Highlands
517 School Street
$310,000
● House - Off Market

517 School Street

Lowell, MA 01851
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,840 Ft²
$445,187
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model

About This Property

Spacious five bedroom Bungalow in The Highlands! Open concept floor plan, hardwood floors, central air, new Navien hot water heater and easy access to route 3 and 495 as well as the Lowell connector. Off street parking for 4 or more cars and a spacious basement waiting for your finishing touches! Close to UMass Lowell and commuter rail!  Don't wait see this today!
Unit Size
1,840 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$171
Property Type
House
Property Taxes
$361
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72635705)

Price History

Date / Event Date Event Price
May 7, 2020 Sold
Premium
Sold
Mar 19, 2020 Listed by William Raveis R.E. & Home Services $315,000
Listed by William Raveis R.E. & Home Services
Jun 18, 2013 Sold
Premium
Sold
Aug 5, 2012 Listed by William Raveis R.E. & Home Services $254,900
Listed by William Raveis R.E. & Home Services

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 1,400
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,274
  • Total Building Area: 1,840
  • Gross Building Area: 3,337
  • Building Area: 1,840
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,840
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000144
  • 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: TMF

Geography

  • Account Number: D05870
  • Parcel: LOWE M:121 B:5240 L:517
  • Block: 5240
  • Lot: 517
  • Municipality: LOWELL
  • Latitude: 42.6365
  • Longitude: -71.3252

    Address

  • Full Address: 517 School St
  • Address - House Number: 517
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lowell
  • Carrier Code: C043
  • 4-Digit Zip Code: 1859
  • Zip Code: 01851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $427,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1924
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 464,678
  • High Value: 554,114
  • Low Value: 375,242

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $344,200
  • Assessed Land Value: $103,100
  • Assessed Improvements Value: $241,100

    Sales

  • Current Sale Contract Date: May 07, 2020
  • Current Sale Recording Date: May 07, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 19504
  • Previous Sale Recording Date: Jun 18, 2013
  • Previous Sale Amount: $239,000
  • 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 Highlands

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$305

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2448 ft²

Average Home Age

85 years

Currently For Sale

24 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: 5 months ago
Data Source: MLS PIN, MLS# 72635705

Frequently Asked Questions

When was property at 517 School Street built and last sold?
The property at 517 School Street was built in 1900 and last sold on May 7, 2020 for $310,000.
How much is this home worth?
The estimated value of the home located at 517 School Street is $315,376.
What are some comparable homes to 517 School Street?
There are currently no comparable homes to 517 School Street.
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