lot 1 Mcgilpin Road
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 3, 2021 | No longer available | - | |
| No longer available | |||
| Aug 23, 2021 | Price Decreased |
$139,900
↓ $10K
(6.7%) | |
| Price Decreased | |||
| May 29, 2021 | Price Decreased |
$149,900
↓ $10K
(6.3%) | |
| Price Decreased | |||
| May 3, 2021 | Listed by Keller Williams Realty Greater Worcester | $159,900 | |
| Listed by Keller Williams Realty Greater Worcester | |||
| | |||
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THIS PRIVATE, ESTATE LOT WITH 5+ ACRES IS EXACTLY WHAT YOU'VE BEEN SEARCHING FOR. ALL THE ENGINEERING HAS BEEN COMPLETED ON THIS BIG RESIDENTIAL LOT & IS NOW READY FOR YOUR NEW DREAM HOME. LOT COMES WITH AN APPROVED 5-BEDROOM SEPTIC DESIGN. BRING YOUR FAMILY & EXTENDED FAMILY TO THIS BEAUTIFUL SPOT & ENJOY EVERY MINUTE OF COUNTRY LIVING. LOT IS NEAR THE INTERSECTION OF FISKE HILL RD WHERE YOU WILL FIND MANY NEW, HIGH-END HOMES. LOT IS DRY IN THE FRONT WITH SOME WETLANDS IN THE BACK & ON THE SIDES, WHICH IS PERFECT FOR ANYONE LOOKING TO BUILD A HOME WITH COMPLETE PRIVACY ON EACH SIDE. CALL NOW FOR A COPY OF THE SURVEY & ALL THE DETAILS. LOCAL BUILDERS ARE AVAILABLE FOR YOUR BUILT-TO-SUITE HOUSE PLANS. LOT IS NEAR THE CENTER OF TOWN, JUST MINUTES TO MAJOR HIGHWAYS (RT.20, MASS PIKE & I-84). HOBBS BROOK SHOPPING CENTER IS 2 MILES AWAY. THE GREAT TOWN OF STURBRIDGE HAS AN EXCELLENT SCHOOL SYSTEM. YOU WILL FALL IN LOVE INSTANTLY WITH THIS MAGNIFICENT LOT IN A VERY DESIRABLE NEIGHBORHOOD.
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| Aug 19, 2010 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017