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Worcester
1 Merry Lane
Photo of 1 Merry Lane
Sold on Oct 29, 2004

1

Map

$229,000
● House - Off Market

1 Merry Lane

Paxton, MA 01612
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,452 Ft²
$492,930
RealtyHop Estimate
97.25%
Since Nov 1, 2004
National-US
Primary Model

About This Property

OUTSTANDING LOCATION,PRIVATE CUL-DE-SAC, FOR THIS 3BEDROOM I.5 BATH RANCH,CLOSE TO THE CITY,TITLE V IN HAND, TOWN WATER,HARDWOOD FLOORS,VINYL EXTERIOR,VAULTED FAMILY ROOM BEING FINISHED, LANDSCAPING NEEDS ARTIST TOUCH FOR COMPLETION.
Unit Size
1,452 Ft²
Days on Market
-
Land Size
0.61 acres
Price per sqft
$172
Property Type
House
Property Taxes
$227
HOA Dues
-
Year Built
1962

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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: 5 months ago (MLSPIN #70078869)

Price History

Date / Event Date Event Price
Oct 29, 2004 Sold
Premium
Sold
Aug 18, 2004 Listed $249,900
Listed
Jan 12, 1998 Sold
Premium
Sold
Jun 20, 1997 Listed $125,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 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: 26,751
  • Total Building Area: 1,452
  • Gross Building Area: 3,092
  • Building Area: 1,452
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,452
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000614
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wachusett School District
  • Census Tract: 727100

Zoning

  • Zoning: R4

Geography

  • Account Number: 979
  • Parcel: PAXT M:00019 L:00072
  • Lot: 72
  • Municipality: PAXTON
  • Latitude: 42.3054
  • Longitude: -71.9146

    Address

  • Full Address: 1 Merry Ln
  • Address - House Number: 1
  • Address - Street Name: Merry
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Paxton
  • Carrier Code: C016
  • 4-Digit Zip Code: 1317
  • Zip Code: 01612

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $538,800

    Appraisal Valuation

  • Standard Deviation: 0.1967
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 73
  • Final Value: 411,511
  • High Value: 492,462
  • Low Value: 330,560

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $335,300
  • Assessed Land Value: $105,800
  • Assessed Improvements Value: $229,500

    Sales

  • Current Sale Recording Date: Oct 29, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 197839
  • Previous Sale Recording Date: Jan 12, 1998
  • Previous Sale Amount: $113,000
  • 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

2386 ft²

Average Home Age

63.5 years

Currently For Sale

2100 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: 5 months ago
Data Source: MLS PIN, MLS# 70078869

Frequently Asked Questions

When was property at 1 Merry Lane built and last sold?
The property at 1 Merry Lane was built in 1962 and last sold on Jan 1, 1970 for $229,000.
How much is this home worth?
The estimated value of the home located at 1 Merry Lane is $254,860.
What are some comparable homes to 1 Merry Lane?
There are currently no comparable homes to 1 Merry Lane.
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