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Worcester
15 Bailey Rd.
$388,000
● House - Off Market

15 Bailey Rd.

Berlin, MA 01503
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,956 Ft²
$497,266
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Location! Location! Location! A diamond in the rough! Opportunity to live in a neighborhood setting -in the quaint town of Berlin.  Close to highways, shopping and schools. Colonial home with farmers porch plus 3 or 4 season room. Nice layout - Big living room with lots of space for gatherings .Family room  with fireplace open to the kitchen.  Hardwood floors throughout. Kitchen remodeled - wood cabinets. Replacement windows. Title V approved. House needs TLC - but worth the sweat equity or investment.
Unit Size
1,956 Ft²
Days on Market
-
Land Size
0.88 acres
Price per sqft
$204
Property Type
House
Property Taxes
$433
HOA Dues
-
Year Built
1970

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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 years ago (MLSPIN #72779732)

Price History

Date / Event Date Event Price
Mar 22, 2021 Sold
Premium
Sold
Jan 28, 2021 Listed by StartPoint Realty $399,900
Listed by StartPoint Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 38,533
  • Total Building Area: 1,956
  • Gross Building Area: 3,088
  • Building Area: 1,956
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,956
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000885
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Berlin School District
  • Census Tract: 717100

Geography

  • District: 28
  • Parcel: BERL M:0060 B:0088 L:0000-0
  • Block: 88
  • Municipality: BERLIN
  • Latitude: 42.3666
  • Longitude: -71.6401

    Address

  • Full Address: 15 Bailey Rd
  • Address - House Number: 15
  • Address - Street Name: Bailey
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Berlin
  • Carrier Code: R002
  • 4-Digit Zip Code: 1621
  • Zip Code: 01503

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $616,300

    Appraisal Valuation

  • Standard Deviation: 0.1789
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 514,333
  • High Value: 606,398
  • Low Value: 422,269

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $483,400
  • Assessed Land Value: $240,400
  • Assessed Improvements Value: $243,000

    Sales

  • Current Sale Contract Date: Mar 22, 2021
  • Current Sale Recording Date: Mar 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 39140
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

2423 ft²

Average Home Age

63.4 years

Currently For Sale

1927 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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 72779732

Frequently Asked Questions

When was property at 15 Bailey Road built and last sold?
The property at 15 Bailey Road was built in 1970 and last sold on Mar 22, 2021 for $388,000.
How much is this home worth?
The estimated value of the home located at 15 Bailey Road is $0.
What are some comparable homes to 15 Bailey Road?
There are currently no comparable homes to 15 Bailey Road.
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