Worcester
128-142 Armsby Road
$650,000
●
Land -
Off Market
128-142 Armsby Road
Sutton, MA 01590
Studio
0 Bath
$1,059,970
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model
About This Property
35+/- acres of land along the Armsby Road exit from Route 146 and
Armsby Road. Approximately 17.5+/- acres is zoned Business Highway
(B-2) and the remaining 17.5+/- acres is zoned Rural-Residential
(R-1). B-2 land suited for retail, commercial and/or office
development and back B-2 land may be better suited for commercial
and (with special permitting) light industrial. The R-1 land may be
most suitable for ANR lot(s). Can also be purchased with 141 Armsby
and 208 Worcester Providence Turnpike as a discounted package. (see
listings for the package).
Unit Size
-
Days on Market
-
Land Size
35.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$896
HOA Dues
-
Year Built
-
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #72187899)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2024 | No longer available | - | |
| No longer available | |||
| Jun 12, 2024 | Listed by ERA Key Realty Services-Bay State Group | $1,000,000 | |
| Listed by ERA Key Realty Services-Bay State Group | |||
| | |||
|
Wedgewood Farm is Being Sold as a Fully Approved (Amendments Pending) Multi-Family Senior Housing Development in Sutton, MA. The Development Will Consist of 30 Cottage Condominiums, Phase 1 only. Homes Will Be Serviced by Municipal Sewer, Water & Gas. Plans Include a Proposed Picnic Area, Walking Trails, Pickleball Courts, and Dog Park. Use Our Architectural Renderings Or Yours! Armsby Road has a Scenic New England feel, yet Only a Short Distance to Worcester, Providence, MA Pike, Pleasant Valley Country Club, Movies, Medical Services, Shopping, Pharmacies and Groceries. Picture This as Your Next Development Project! Full Engineering Info Available Upon Request. See Attached Documents.
| |||
| Jan 22, 2024 | Price Decreased |
$2,900,000
↓ $300K
(9.4%) | |
| Price Decreased | |||
| Aug 15, 2023 | Listed by ERA Key Realty Services-Bay State Group | $3,200,000 | |
| Listed by ERA Key Realty Services-Bay State Group | |||
| | |||
|
Wedgewood Farm is Being Sold as a Fully Approved (Amendments Pending) Multi-Family Senior Housing Development in Sutton, MA. The Development Will Consist of 39 Cottage Condominiums, 54 Garden Style Condo Flats (in Three 18-Unit Buildings), Totaling 93 Units Located on Over 34 Acres of Picturesque Land. Units Will Be Serviced by Municipal Sewer, Water & Gas. Plans Include a Proposed Picnic Area, Walking Trails, Pickleball Courts, and Dog Park. Use Our Architectural Renderings Or Yours! Armsby Road has a Scenic New England feel, yet Only a Short Distance to Worcester, Providence, MA Pike, Pleasant Valley Country Club, Movies, Medical Services, Shopping, Pharmacies and Groceries. Picture This as Your Next Development Project! Full Engineering Info Available Upon Request. See Attached Documents.
| |||
| May 28, 2020 | Sold | ||
| Sold | |||
Show More
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017