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Lowell 01851 Highlands
755 School St
$445,000
● House - Off Market

755 School St

Lowell, MA 01851
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,650 Ft²
$550,498
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Own this NEW Construction Home in  a Highlands neighborhood.  The Builder has thoughtfully designed open concept floor plan that flows beautifully. This 3 bedroom, 1 full and 1 3/4 bath colonial with hardwood floors, granite kitchen, stainless steel appliances. Spacious living room with gas log fireplace. Dining room open to kitchen with access to 10 x 12 deck overlooking private back yard. Large full bath with laundry in the second floor bath. High efficiency 2 zone gas heat with on demand hot water and central air. Driveway fits three cars. Full basement with high ceilings offers future potential to finish.
Unit Size
1,650 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$254
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020

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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 years ago (MLSPIN #72738853)

Price History

Date / Event Date Event Price
Dec 1, 2020 Sold
Premium
Sold
Oct 7, 2020 Listed by Cameron Real Estate Group $419,000
Listed by Cameron Real Estate Group
Jun 5, 2020 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 792
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,285
  • Total Building Area: 1,632
  • Gross Building Area: 3,444
  • Building Area: 1,632
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,632
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000075
  • 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: USF

Geography

  • Account Number: E01400
  • Parcel: LOWE M:124 B:5240 L:755
  • Block: 5240
  • Lot: 755
  • Municipality: LOWELL
  • Latitude: 42.6298
  • Longitude: -71.3254

    Address

  • Full Address: 755 School St
  • Address - House Number: 755
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lowell
  • Carrier Code: C042
  • 4-Digit Zip Code: 4247
  • Zip Code: 01851

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $598,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 588,664
  • High Value: 684,379
  • Low Value: 492,950

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $481,500
  • Assessed Land Value: $107,000
  • Assessed Improvements Value: $374,500

    Sales

  • Current Sale Contract Date: Nov 18, 2020
  • Current Sale Recording Date: Dec 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 62263
  • Previous Sale Recording Date: Jun 05, 2020
  • Previous Sale Contract Date: Jun 04, 2020
  • Previous Sale Amount: $85,000
  • Previous Sale Document Type: 54
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

2481 ft²

Average Home Age

85.7 years

Currently For Sale

30 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 years ago
Data Source: MLS PIN, MLS# 72738853

Frequently Asked Questions

When was property at 755 School Street built and last sold?
The property at 755 School Street was built in 2020 and last sold on Nov 18, 2020 for $445,000.
How much is this home worth?
The estimated value of the home located at 755 School Street is $0.
What are some comparable homes to 755 School Street?
There are currently no comparable homes to 755 School Street.
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