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Worcester 01543
16 Miles Road
$335,000
● House - Off Market

16 Miles Road

Rutland, MA 01543
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,050 Ft²
$337,591
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Walk to the Rail Trail, Baseball Field, Market and Town Common from this 3BR Ranch – hardwoods throughout, Spacious Living Room with Window Seat, updated Kitchen and Bath, In Home Office, Mud Room offer a flexible floor plan for your needs.   Potential for expansion is found in the walk out lower level with access to your private yard.  Young Boiler and replacement windows help to make this virtually turn-key.   Welcome Home!
Unit Size
1,050 Ft²
Days on Market
-
Land Size
0.65 acres
Price per sqft
$305
Property Type
House
Property Taxes
$320
HOA Dues
-
Year Built
1969

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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 #73030686)

Price History

Date / Event Date Event Price
Nov 4, 2022 Sold
Premium
Sold
Aug 30, 2022 Listed by Gibbs Realty Inc. $319,900
Listed by Gibbs Realty Inc.
Oct 25, 1999 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 28,314
  • Total Building Area: 1,050
  • Gross Building Area: 2,149
  • Building Area: 1,050
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,050
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000650
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wachusett School District
  • Census Tract: 721103

Geography

  • Parcel: RUTL M:28 B:A L:21
  • Block: A
  • Lot: 21
  • Municipality: RUTLAND
  • Latitude: 42.3821
  • Longitude: -71.9598

    Address

  • Full Address: 16 Miles Rd
  • Address - House Number: 16
  • Address - Street Name: Miles
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Rutland
  • Carrier Code: R003
  • 4-Digit Zip Code: 1420
  • Zip Code: 01543

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $397,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1975
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 369,021
  • High Value: 441,915
  • Low Value: 296,127

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $290,000
  • Assessed Land Value: $75,600
  • Assessed Improvements Value: $214,400

    Sales

  • Current Sale Contract Date: Nov 04, 2022
  • Current Sale Recording Date: Nov 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 119387
  • Previous Sale Recording Date: Oct 25, 1999
  • Previous Sale Amount: $30,000
  • 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

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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73030686

Frequently Asked Questions

When was property at 16 Miles Road built and last sold?
The property at 16 Miles Road was built in 1969 and last sold on Nov 4, 2022 for $335,000.
How much is this home worth?
The estimated value of the home located at 16 Miles Road is $324,157.
What are some comparable homes to 16 Miles Road?
There are currently no comparable homes to 16 Miles Road.
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