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Lowell 01851 Highlands
689 School St
$420,000
● House - Off Market

689 School St

Lowell, MA 01851
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,956 Ft²
$424,767
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Great deal! Great Location!! First time Buyers, Flippers.... Large colonial single home 2000 Sqf. living space on 2 combinations lot. 4 bedrooms and one & half bath, Parking for 20+ cars, new roof 2021, all windows replaced few years ago, New heating system converted to gas. PROPERTY SOLD "AS-IS". Need some interior TLC.
Unit Size
1,956 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$215
Property Type
House
Property Taxes
$331
HOA Dues
-
Year Built
1890

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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 #72961440)

Price History

Date / Event Date Event Price
Jun 23, 2022 Sold
Premium
Sold
Apr 3, 2022 Listed by J & J Realty Group $419,900
Listed by J & J Realty Group

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 7
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 959
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,434
  • Total Building Area: 1,956
  • Gross Building Area: 2,888
  • Building Area: 1,956
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,956
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000171
  • 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: 311700

Zoning

  • Zoning: TTF

Geography

  • Account Number: R08730
  • Parcel: LOWE M:123 B:5240 L:689
  • Block: 5240
  • Lot: 689
  • Municipality: LOWELL
  • Latitude: 42.6318
  • Longitude: -71.3255

    Address

  • Full Address: 689 School St
  • Address - House Number: 689
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lowell
  • Carrier Code: C042
  • 4-Digit Zip Code: 3724
  • Zip Code: 01851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $453,600
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2664
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 501,643
  • High Value: 635,318
  • Low Value: 367,968

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $365,200
  • Assessed Land Value: $134,100
  • Assessed Improvements Value: $231,100

    Sales

  • Current Sale Contract Date: Jun 22, 2022
  • Current Sale Recording Date: Jun 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26828
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

2440 ft²

Average Home Age

84.3 years

Currently For Sale

29 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72961440

Frequently Asked Questions

When was property at 689 School Street built and last sold?
The property at 689 School Street was built in 1890 and last sold on Jun 22, 2022 for $420,000.
How much is this home worth?
The estimated value of the home located at 689 School Street is $429,487.
What are some comparable homes to 689 School Street?
There are currently no comparable homes to 689 School Street.
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