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Worcester 01331
1 Altman Drive
$750,000
● House - Off Market

1 Altman Drive

Phillipston, MA 01331
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,200 Ft²
$747,210
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Year round, waterfront, and tons of privacy!! What more could you ask for? This beautiful home offers three bedrooms, the main with a full bath and fireplace, a large country kitchen with breakfast bar/island, formal dining and living rooms, a bonus entry room, and an absolutely wonderful family room built for entertaining and relaxing with it's woodstove and beautiful custom built bar. Located on a private road, away from traffic, you will find peace and tranquility with a nicely landscaped yard, multiple decks and seating areas,  3 storage sheds, a covered patio which doubles as a carport in winter, and of course, 151 feet of water frontage with deck, sandy area, and fire pit. This well maintained property offers year round fun on the sunny side of Queen Lake in the quaint town of Phillipston.
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.78 acres
Price per sqft
$341
Property Type
House
Property Taxes
$582
HOA Dues
-
Year Built
1977

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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 #73119916)

Price History

Date / Event Date Event Price
Oct 6, 2023 Sold
Premium
Sold
Jul 8, 2023 In contract -
In contract
Jun 20, 2023 Relisted $750,000
Relisted
Jun 10, 2023 In contract -
In contract
Jun 3, 2023 Listed by RE/MAX Vision $750,000
Listed by RE/MAX Vision
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Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,148
  • Total Building Area: 1,536
  • Gross Building Area: 4,152
  • Building Area: 1,536
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,536
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000784
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Narragansett School District
  • Census Tract: 704201

Zoning

  • Zoning: RC

Geography

  • Parcel: PHIL M:00053 L:00029
  • Lot: 29
  • Municipality: PHILLIPSTON
  • Latitude: 42.5282
  • Longitude: -72.1124

    Address

  • Full Address: 1 Altman Dr
  • Address - House Number: 1
  • Address - Street Name: Altman
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Phillipston
  • Carrier Code: R001
  • 4-Digit Zip Code: 9480
  • Zip Code: 01331

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $675,900

    Appraisal Valuation

  • Standard Deviation: 0.1665
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 699,206
  • High Value: 815,665
  • Low Value: 582,747

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $564,200
  • Assessed Land Value: $276,600
  • Assessed Improvements Value: $287,600

    Sales

  • Current Sale Contract Date: Oct 06, 2023
  • Current Sale Recording Date: Oct 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 83478
  • Previous Sale Recording Date: Jul 01, 1983
  • Previous Sale Amount: $65,000
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2426 ft²

Average Home Age

63.1 years

Currently For Sale

1941 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: 4 months ago
Data Source: MLS PIN, MLS# 73119916

Frequently Asked Questions

When was property at 1 Altman Drive built and last sold?
The property at 1 Altman Drive was built in 1977 and last sold on Oct 6, 2023 for $750,000.
How much is this home worth?
The estimated value of the home located at 1 Altman Drive is $753,655.
What are some comparable homes to 1 Altman Drive?
There are currently no comparable homes to 1 Altman Drive.
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