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Worcester 01331
165 Queen Lake Rd
$43,000
● Land - Off Market

165 Queen Lake Rd

Phillipston, MA 01331
bedrooms
Studio
bathrooms
0 Bath
$64,185
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Great building lot with almost 4 acres and A LOT of road frontage! Perc done several years back and ~300' artesian well on site. Lot is partially cleared to get ready for its new build. A lot of the prep has been, makes building your dream home easy as can be! Close to the public beach and boat ramp at beautiful, spring fed Queen Lake.  Wooded surroundings and nature abounds at this tranquil setting offering quick access to Route 2 for convenience and commuters, just over an hour to Boston. The picturesque town of Phillipston offers much to someone seeking peace and quiet in a country setting while still having easy access to amenities. It is a friendly community anyone would enjoy calling their home.
Unit Size
-
Days on Market
-
Land Size
3.80 acres
Price per sqft
-
Property Type
Land
Property Taxes
$53
HOA Dues
-
Year Built
2020

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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 months ago (MLSPIN #72666688)

Price History

Date / Event Date Event Price
Jan 29, 2021 Sold
Premium
Sold
Oct 9, 2020 Sold
Premium
Sold
Aug 6, 2020 Listed by Foster-Healey Real Estate $379,900
Listed by Foster-Healey Real Estate
ACTUAL HOME BUILT IS A 1576 SQ FT, 3 BED, 2.5 BATH COLONIAL WITH 2 CAR GARAGE. PICS ARE OF ACTUAL HOME CONSTRUCTED.
Jun 1, 2020 Listed by Coldwell Banker Realty - Leominster $48,000
Listed by Coldwell Banker Realty - Leominster

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,216
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 165,378
  • Total Building Area: 1,808
  • Gross Building Area: 3,296
  • Building Area: 1,808
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,808
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003797
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Narragansett School District
  • Census Tract: 704201

Zoning

  • Zoning: RA

Geography

  • Parcel: PHIL M:00008 L:00017
  • Lot: 17
  • Municipality: PHILLIPSTON
  • Latitude: 42.5276
  • Longitude: -72.107

    Address

  • Full Address: 165 Queen Lake Rd
  • Address - House Number: 165
  • Address - Street Name: Queen Lake
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Phillipston
  • Carrier Code: R001
  • 4-Digit Zip Code: 9744
  • Zip Code: 01331

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $474,800

    Appraisal Valuation

  • Standard Deviation: 0.1745
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 463,536
  • High Value: 544,452
  • Low Value: 382,619

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $396,300
  • Assessed Land Value: $50,900
  • Assessed Improvements Value: $345,400

    Sales

  • Current Sale Contract Date: Jan 20, 2021
  • Current Sale Recording Date: Jan 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14607
  • Previous Sale Recording Date: Oct 09, 2020
  • Previous Sale Contract Date: Oct 09, 2020
  • Previous Sale Amount: $43,000
  • 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

57

Average Home Size

2429 ft²

Average Home Age

62.8 years

Currently For Sale

1936 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: 4 months ago
Data Source: MLS PIN, MLS# 72666688

Frequently Asked Questions

When was property at 165 Queen Lake Road built and last sold?
The property at 165 Queen Lake Road was built in 2020 and last sold on Jan 20, 2021 for $361,500.
How much is this home worth?
The estimated value of the home located at 165 Queen Lake Road is $390,995.
What are some comparable homes to 165 Queen Lake Road?
There are currently no comparable homes to 165 Queen Lake Road.
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