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Lowell 01851 Highlands
694 School
$465,000
● House - Off Market

694 School

Lowell, MA 01851
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,731 Ft²
$2,686
Est. Monthly

About This Property

4 BEDROOM HIGHLANDS COLONIAL WITH 2 CAR GARAGE AND A NICE YARD TOO. INTERIOR HAS AN UPDATED KITCHEN WITH GRANITE AND SS APPLIANCES. HEATING SYSTEM AND ELECTRICAL HAVE ALSO BEEN UPDATED. PLENTY OF ROOM FOR EVERYONE HERE. CONVENIENT LOCATION WITH LOTS OF OFF STREET PARKING MAKE THIS A DESIRED PROPERTY!!
Unit Size
1,731 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$277
Property Type
House
Property Taxes
$330
HOA Dues
-
Year Built
1926

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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 #73177674)

Price History

Date / Event Date Event Price
Jan 31, 2024 Sold
Premium
Sold
Dec 14, 2023 In contract -
In contract
Nov 6, 2023 Listed by Stephen Lawrenson Real Estate $479,800
Listed by Stephen Lawrenson Real Estate
Jul 31, 2013 Sold
Premium
Sold
Jul 29, 2011 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • 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: 655
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,973
  • Total Building Area: 1,731
  • Gross Building Area: 2,521
  • Building Area: 1,731
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,731
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000114
  • 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: C08220
  • Parcel: LOWE M:123 B:5240 L:694
  • Block: 5240
  • Lot: 694
  • Municipality: LOWELL
  • Latitude: 42.6316
  • Longitude: -71.3251

    Address

  • Full Address: 694 School St
  • Address - House Number: 694
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lowell
  • Carrier Code: C042
  • 4-Digit Zip Code: 3702
  • Zip Code: 01851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $395,600
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.0773
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 94
  • Final Value: 483,481
  • High Value: 520,898
  • Low Value: 446,064

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $318,500
  • Assessed Land Value: $118,300
  • Assessed Improvements Value: $200,200

    Sales

  • Current Sale Contract Date: Jan 31, 2024
  • Current Sale Recording Date: Jan 31, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2486
  • Previous Sale Recording Date: Jul 31, 2013
  • Previous Sale Amount: $210,000
  • 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

$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# 73177674

Frequently Asked Questions

When was property at 694 School Street built and last sold?
The property at 694 School Street was built in 1926 and last sold on Jan 31, 2024 for $465,000.
How much is this home worth?
The estimated value of the home located at 694 School Street is $483,231.
What are some comparable homes to 694 School Street?
There are currently no comparable homes to 694 School Street.
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