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Middlesex
70 Rainbow Avenue
Photo of 70 Rainbow Avenue
Sold on Apr 25, 2008

1

Map

$260,685
● House - Off Market

70 Rainbow Avenue

Dracut, MA 01826
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,288 Ft²
$492,734
RealtyHop Estimate
86.01%
Since May 1, 2008
National-US
Primary Model

About This Property

VERY NICE 3-4 BEDROOM RANCH WITH A BIG FAMILY ROOM, 20 FT. EAT-IN KITCHEN, SLIDERS TO A 14 FOOT DECK OVERLOOKING A LEVEL FENCED YARD. BASEMENT HAS 3 EXTRA ROOMS (450 SQ.FT.), AND A WALK-OUT TO THE BACK YARD.
Unit Size
1,288 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$206
Property Type
House
Property Taxes
$218
HOA Dues
-
Year Built
1960

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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: 4 months ago (MLSPIN #70676619)

Price History

Date / Event Date Event Price
Apr 24, 2008 Sold
Premium
Sold
Nov 8, 2007 Listed $264,900
Listed
Jun 18, 2002 Sold
Premium
Sold
Apr 8, 2002 Listed $239,900
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • 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: 11
  • 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: 7
  • Basement Area: 1,000
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,000
  • Total Building Area: 1,288
  • Gross Building Area: 2,400
  • Building Area: 1,288
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,288
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000253
  • 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: 838002
  • District: 79
  • Parcel: DRAC M:33 L:89
  • Lot: 89
  • Municipality: DRACUT
  • Latitude: 42.6811
  • Longitude: -71.3384

    Address

  • Full Address: 70 Rainbow Ave
  • Address - House Number: 70
  • 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: $440,800

    Appraisal Valuation

  • Standard Deviation: 0.1853
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 494,181
  • High Value: 585,760
  • Low Value: 402,602

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $421,800
  • Assessed Land Value: $184,300
  • Assessed Improvements Value: $237,500

    Sales

  • Current Sale Recording Date: Apr 24, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00018684
  • Previous Sale Recording Date: Jun 18, 2002
  • Previous Sale Amount: $244,100
  • 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:

$810,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2683 ft²

Average Home Age

62.9 years

Currently For Sale

3239 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: 4 months ago
Data Source: MLS PIN, MLS# 70676619

Frequently Asked Questions

When was property at 70 Rainbow Avenue built and last sold?
The property at 70 Rainbow Avenue was built in 1960 and last sold on Jan 1, 1970 for $260,685.
How much is this home worth?
The estimated value of the home located at 70 Rainbow Avenue is $283,096.
What are some comparable homes to 70 Rainbow Avenue?
There are currently no comparable homes to 70 Rainbow Avenue.
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