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Lowell 01851 Highlands
695 School Street
$410,000
● House - Off Market

695 School Street

Lowell, MA 01851
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,677 Ft²
$428,395
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Very large Colonial home in the heart of Lowell.  This home sits on over 7,000 square feet of land and consists of 8 room, 3 bedrooms, 1 ½ bathrooms and porches.  There is ample off street parking and a detached garage, a handicap ramp, a gas powered back up generator, solar panels, thermo-pane windows, and a very large basement.  This is an Estate Sale and will be sold as is.
Unit Size
1,677 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$244
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1900

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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 #73066598)

Price History

Date / Event Date Event Price
Mar 13, 2023 Sold
Premium
Sold
Jan 6, 2023 In contract -
In contract
Dec 26, 2022 Listed by Dick Lepine Real Estate, Inc. $410,000
Listed by Dick Lepine Real Estate, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 18
  • 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: 914
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,038
  • Total Building Area: 1,677
  • Gross Building Area: 2,970
  • Building Area: 1,677
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,677
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000162
  • 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: M21110
  • Parcel: LOWE M:123 B:5240 L:695
  • Block: 5240
  • Lot: 695
  • Municipality: LOWELL
  • Latitude: 42.6316
  • Longitude: -71.3255

    Address

  • Full Address: 695 School St
  • Address - House Number: 695
  • 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: $449,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1854
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 468,976
  • High Value: 555,962
  • Low Value: 381,990

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $361,900
  • Assessed Land Value: $131,300
  • Assessed Improvements Value: $230,600

    Sales

  • Current Sale Contract Date: Feb 24, 2023
  • Current Sale Recording Date: Mar 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 6949
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

$306

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2446 ft²

Average Home Age

81.4 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73066598

Frequently Asked Questions

When was property at 695 School Street built and last sold?
The property at 695 School Street was built in 1900 and last sold on Feb 24, 2023 for $410,000.
How much is this home worth?
The estimated value of the home located at 695 School Street is $421,494.
What are some comparable homes to 695 School Street?
There are currently no comparable homes to 695 School Street.
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