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Middlesex
56 Rainbow Ave.
Photo of 56 Rainbow Ave.
Sold on Jun 25, 2010

1

Map

$309,000
● House - Off Market

56 Rainbow Ave.

Dracut, MA 01826
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,022 Ft²
$651,571
RealtyHop Estimate
110.52%
Since Jul 1, 2010
National-US
Primary Model

About This Property

Lovely, open-concept 4 bdrm, 2 1/2 bath Colonial set on beautifully landscaped corner lot with in-ground pool surrounded by privacy fence and gazebo w/electric & cable hook-ups!  Home boasts newer windows, new hot water tank, fireplaced living room, huge eat-in kitchen with large pantry.  Master bedroom has twin closets, spacious bath with jacuzzi tub, separate shower, skylight and linen closet. Family room has french doors that lead to lge deck and yard ~ great home for entertaining!
Unit Size
2,022 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$153
Property Type
House
Property Taxes
$262
HOA Dues
-
Year Built
1961

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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: 2 years ago (MLSPIN #71067628)

Price History

Date / Event Date Event Price
Jun 25, 2010 Sold
Premium
Sold
Apr 19, 2010 Listed $309,500
Listed
Apr 19, 2002 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 600
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,955
  • Total Building Area: 2,022
  • Gross Building Area: 2,878
  • Building Area: 2,022
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,022
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000412
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Dracut School District
  • School Tax School District: DRACUT SD
  • Census Tract: 314102

Zoning

  • Zoning: R1

Geography

  • Account Number: 589729
  • District: 79
  • Parcel: DRAC M:33 L:90
  • Lot: 90
  • Municipality: DRACUT
  • Latitude: 42.6806
  • Longitude: -71.3386

    Address

  • Full Address: 56 Rainbow Ave
  • Address - House Number: 56
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Dracut
  • Carrier Code: C007
  • 4-Digit Zip Code: 2434
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $501,800

    Appraisal Valuation

  • Standard Deviation: 0.1853
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 606,919
  • High Value: 719,391
  • Low Value: 494,448

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $480,200
  • Assessed Land Value: $193,700
  • Assessed Improvements Value: $286,500

    Sales

  • Current Sale Recording Date: Jun 25, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00027247
  • Previous Sale Recording Date: Apr 19, 2002
  • Previous Sale Amount: $250,000
  • 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 Middlesex

Stats & Trends

Median Asking:

$809,999

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2698 ft²

Average Home Age

64.7 years

Currently For Sale

3150 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: 2 years ago
Data Source: MLS PIN, MLS# 71067628

Frequently Asked Questions

When was property at 56 Rainbow Avenue built and last sold?
The property at 56 Rainbow Avenue was built in 1961 and last sold on Jan 1, 1970 for $309,000.
How much is this home worth?
The estimated value of the home located at 56 Rainbow Avenue is $0.
What are some comparable homes to 56 Rainbow Avenue?
There are currently no comparable homes to 56 Rainbow Avenue.
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