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Lowell 01851 Highlands
54 Viola St
$375,000
● House - Off Market

54 Viola St

Lowell, MA 01851
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,500 Ft²
$445,086
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

Location Location Location! Buy and build your equity in this upper highlands colonial. This three bedroom home has updated vinyl windows, a new boiler and low maintenance vinyl siding. The home features hardwood floors throughout, a large tiled bathroom and three well sized bedrooms. The exterior of the home has plenty of space for entertaining, a Reeds Ferry shed for storage and a 1 car garage with overhead walkway coverage for bad weather days! Located close to major highways but situated in a neighborhood setting. Come see it this weekend, it will not last long!
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$233
Property Type
House
Property Taxes
$342
HOA Dues
-
Year Built
1925

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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 years ago (MLSPIN #72765906)

Price History

Date / Event Date Event Price
Feb 8, 2021 Sold
Premium
Sold
Dec 10, 2020 Listed by Keller Williams Realty-Merrimack $349,900
Listed by Keller Williams Realty-Merrimack

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 7
  • Basement Area: 702
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,476
  • Total Building Area: 1,500
  • Gross Building Area: 3,587
  • Building Area: 1,500
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,500
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000149
  • 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: 311600

Zoning

  • Zoning: TTF

Geography

  • Account Number: G05730
  • Parcel: LOWE M:126 B:5950 L:54
  • Block: 5950
  • Lot: 54
  • Municipality: LOWELL
  • Latitude: 42.6218
  • Longitude: -71.3258

    Address

  • Full Address: 54 Viola St
  • Address - House Number: 54
  • Address - Street Name: Viola
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lowell
  • Carrier Code: C057
  • 4-Digit Zip Code: 4923
  • Zip Code: 01851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $508,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 507,162
  • High Value: 589,625
  • Low Value: 424,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $409,400
  • Assessed Land Value: $157,500
  • Assessed Improvements Value: $251,900

    Sales

  • Current Sale Contract Date: Jan 19, 2021
  • Current Sale Recording Date: Feb 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 7691
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

$312

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2481 ft²

Average Home Age

85.7 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: 5 years ago
Data Source: MLS PIN, MLS# 72765906

Frequently Asked Questions

When was property at 54 Viola Street built and last sold?
The property at 54 Viola Street was built in 1925 and last sold on Jan 19, 2021 for $375,000.
How much is this home worth?
The estimated value of the home located at 54 Viola Street is $0.
What are some comparable homes to 54 Viola Street?
There are currently no comparable homes to 54 Viola Street.
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