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Middlesex
98 Rainbow Ave
$320,000
● House - Off Market

98 Rainbow Ave

Dracut, MA 01826
bedrooms
3 Beds
bathrooms
1 Bath
square feet
960 Ft²
$431,930
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

***OFFER ACCEPTED, OPEN HOUSE FOR BACKUP OFFERS*** Charming home in a quiet neighborhood! Upon entering this lovely home you are greeted by a bright living room and hardwood floors throughout. There is a large eat-in kitchen with attractive counters and white cabinetry. Down a long hall are three nicely sized bedrooms and a full bathroom. There is more living area on the partially finished basement with a large bonus room that is currently used as a spacious bedroom. Enjoy outdoor living on the backyard with a large wooden storage shed with a ramp. A paved driveway offers two off street parking spots. Move right into this adorable home!
Unit Size
960 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$307
Property Type
House
Property Taxes
$313
HOA Dues
-
Year Built
1961

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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: 4 months ago (MLSPIN #72562374)

Price History

Date / Event Date Event Price
Oct 25, 2019 Sold
Premium
Sold
Sep 10, 2019 Listed by Redfin Corp. $294,900
Listed by Redfin Corp.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • 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: 960
  • 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: 960
  • Gross Building Area: 1,920
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 960
  • 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: 696521
  • District: 79
  • Parcel: DRAC M:33 L:86
  • Lot: 86
  • Municipality: DRACUT
  • Latitude: 42.6819
  • Longitude: -71.338

    Address

  • Full Address: 98 Rainbow Ave
  • Address - House Number: 98
  • 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: $434,200

    Appraisal Valuation

  • Standard Deviation: 0.1912
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 74
  • Final Value: 446,531
  • High Value: 531,914
  • Low Value: 361,149

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $415,500
  • Assessed Land Value: $184,300
  • Assessed Improvements Value: $231,200

    Sales

  • Current Sale Contract Date: Oct 18, 2019
  • Current Sale Recording Date: Oct 25, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 46750
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:

$809,999

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2698 ft²

Average Home Age

64.7 years

Currently For Sale

3150 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: 4 months ago
Data Source: MLS PIN, MLS# 72562374

Frequently Asked Questions

When was property at 98 Rainbow Avenue built and last sold?
The property at 98 Rainbow Avenue was built in 1961 and last sold on Oct 18, 2019 for $320,000.
How much is this home worth?
The estimated value of the home located at 98 Rainbow Avenue is $307,837.
What are some comparable homes to 98 Rainbow Avenue?
There are currently no comparable homes to 98 Rainbow Avenue.
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