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Worcester 01545
148 Old Mill Road
$165,000
● House - Off Market

148 Old Mill Road

Shrewsbury, MA 01545
bedrooms
2 Beds
bathrooms
1 Bath
square feet
979 Ft²
$285,859
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

REDUCED TO $199,900 - PRICED TO SELL! Open house Sunday, February 9th from 12 - 1 pm! Enjoy WATER VIEWS of Mill Pond! Located on a corner lot, this cozy 2 bedroom RANCH is a diamond in the rough! Use your vision to bring it back to the charming home it can be!  The 30 year roof was replaced about 5-6 years ago, most windows have been replaced, there is gas heat & cooking, a walk up attic, a covered rear patio, a fire pit and a place to grow your garden veggies!
Unit Size
979 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$204
Property Type
House
Property Taxes
$265
HOA Dues
-
Year Built
1830

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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: 5 months ago (MLSPIN #72577416)

Price History

Date / Event Date Event Price
Feb 1, 2021 Sold
Premium
Sold
Nov 5, 2020 Listed by RE/MAX Vision $324,900
Listed by RE/MAX Vision
Mar 13, 2020 Sold
Premium
Sold
Mar 8, 2020 No longer available -
No longer available
Dec 29, 2019 Price Decreased $219,900
↓ $5K (2.2%)
Price Decreased
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1830
  • Effective Year Built: 1830
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 240
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,052
  • Total Building Area: 1,032
  • Gross Building Area: 1,706
  • Building Area: 1,032
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,032
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000208
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Shrewsbury School District
  • School Tax School District: SHREWSBURY SD
  • Census Tract: 739202

Zoning

  • Zoning: RES B-

Geography

  • Account Number: 6714
  • Parcel: SHRE M:32 B:234000
  • Block: 234000
  • Municipality: SHREWSBURY
  • Latitude: 42.2817
  • Longitude: -71.7418

    Address

  • Full Address: 148 Old Mill Rd
  • Address - House Number: 148
  • Address - Street Name: Old Mill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Shrewsbury
  • Carrier Code: C020
  • 4-Digit Zip Code: 2291
  • Zip Code: 01545

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $449,800

    Appraisal Valuation

  • Standard Deviation: 0.2554
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 382,563
  • High Value: 480,276
  • Low Value: 284,851

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $342,800
  • Assessed Land Value: $234,300
  • Assessed Improvements Value: $108,500

    Sales

  • Current Sale Contract Date: Jan 27, 2021
  • Current Sale Recording Date: Feb 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15372
  • Previous Sale Recording Date: Mar 13, 2020
  • Previous Sale Contract Date: Feb 27, 2020
  • Previous Sale Amount: $165,000
  • Previous Sale Document Type: O
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

58

Average Home Size

2390 ft²

Average Home Age

63.6 years

Currently For Sale

2084 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# 72577416

Frequently Asked Questions

When was property at 148 Old Mill Road built and last sold?
The property at 148 Old Mill Road was built in 1830 and last sold on Jan 27, 2021 for $324,900.
How much is this home worth?
The estimated value of the home located at 148 Old Mill Road is $320,110.
What are some comparable homes to 148 Old Mill Road?
There are currently no comparable homes to 148 Old Mill Road.
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