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Worcester 01543
17 Oak Way
$76,500
● House - Off Market

17 Oak Way

Rutland, MA 01543
bedrooms
1 Bed
bathrooms
1 Bath
square feet
384 Ft²
$95,169
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

WHY RENT WHEN YOU CAN OWN!  TAKE ADVANTAGE OF THIS LIMITED PURCHASE PRICE!  IF YOU ARE A HANDY PERSON THIS IS THE HOME FOR YOU, BUILD YOURSELF SOME SWEAT EQUITY!  LOOKING TO INVEST IN REAL ESTATE AND CREATE A PORTFOLO OF RENTALS THIS IS A GREAT OPPORTUNITY.  YOU WILL FALL IN LOVE WITH THIS ADORABLE SUMMER COTTAGE JUST A SHORT WALK TO TURKEY LAKE POND, LOCATED AT A DEAD END, GREAT YARD PERFECT FOR CAMPFIRES AND ENTERTAINING, BUT NOT TO MUCH MOWING THAT YOU LOOSE YOUR WEEKEND!!! GREAT LITTLE STORAGE SHED PERFECT FOR GARDEN TOOLS, GOOD SIZE DECK OVER LOOKING THE WOODS, CATHEDERAL CEILINGS GIVE THIS HOME A MUCH LARGER FEEL THEN IT REALLY IS!  NICE AND BRIGHT OPEN CONCEPT.
Unit Size
384 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$234
Property Type
House
Property Taxes
$133
HOA Dues
-
Year Built
1925

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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 #73058806)

Price History

Date / Event Date Event Price
Jan 10, 2023 Sold
Premium
Sold
Dec 21, 2022 In contract -
In contract
Nov 16, 2022 Temporarily off market -
Temporarily off market
Nov 16, 2022 Listed by Exit Beacon Pointe Realty $89,900
Listed by Exit Beacon Pointe Realty
Sep 27, 2022 In contract -
In contract
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 2
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 19
  • 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: 4,792
  • Total Building Area: 384
  • Gross Building Area: 1,040
  • Building Area: 384
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 384
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wachusett School District
  • Census Tract: 721104

Geography

  • Parcel: RUTL M:36-B B:D L:9
  • Block: D
  • Lot: 9
  • Municipality: RUTLAND
  • Latitude: 42.3418
  • Longitude: -71.9432

    Address

  • Full Address: 17 Oak Way
  • Address - House Number: 17
  • Address - Street Name: Oak
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Rutland
  • Zip Code: 01543

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $160,100
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.0856
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 93
  • Final Value: 89,094
  • High Value: 96,730
  • Low Value: 81,459

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $116,700
  • Assessed Land Value: $60,300
  • Assessed Improvements Value: $56,400

    Sales

  • Current Sale Contract Date: Jan 04, 2023
  • Current Sale Recording Date: Jan 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2415
  • Previous Sale Recording Date: Aug 30, 2022
  • Previous Sale Contract Date: Aug 03, 2022
  • Previous Sale Amount: $142,279
  • Previous Sale Document Type: 34
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:

$500,000

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2375 ft²

Average Home Age

64.6 years

Currently For Sale

2001 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# 73058806

Frequently Asked Questions

When was property at 17 Oak Way built and last sold?
The property at 17 Oak Way was built in 1925 and last sold on Jan 4, 2023 for $76,500.
How much is this home worth?
The estimated value of the home located at 17 Oak Way is $91,389.
What are some comparable homes to 17 Oak Way?
There are currently no comparable homes to 17 Oak Way.
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