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Gardner 01440
197 Prospect Street
$300,000
● House - Off Market

197 Prospect Street

Gardner, MA 01440
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,482 Ft²
$352,539
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Showings begin with Open House this Saturday, March 6th, from 2:30 to 4:00.  You found it!   This spacious 3 bedroom ranch is nicely tucked away at the end of the street.  Some of the bonuses include eat in kitchen, massive fireplace (both living room and basement) large workshop in the basement, 2 car attached garage and oversized deck that overlooks the wooded back yard.
Unit Size
1,482 Ft²
Days on Market
-
Land Size
0.83 acres
Price per sqft
$196
Property Type
House
Property Taxes
$361
HOA Dues
-
Year Built
1960

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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 years ago (MLSPIN #72792336)

Price History

Date / Event Date Event Price
Apr 13, 2021 Sold
Premium
Sold
Mar 3, 2021 Listed by Property Investors & Advisors, LLC $289,900
Listed by Property Investors & Advisors, LLC

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 36,013
  • Total Building Area: 1,530
  • Gross Building Area: 3,972
  • Building Area: 1,530
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,530
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000827
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Gardner School District
  • School Tax School District: GARDNER SD
  • Census Tract: 707100

Geography

  • Parcel: GARD M:R12 B:13 L:8
  • Block: 13
  • Lot: 8
  • Municipality: GARDNER
  • Latitude: 42.551
  • Longitude: -71.9818

    Address

  • Full Address: 197 Prospect St
  • Address - House Number: 197
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gardner
  • Carrier Code: C009
  • 4-Digit Zip Code: 3564
  • Zip Code: 01440

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $499,800

    Appraisal Valuation

  • Standard Deviation: 0.1968
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 373,618
  • High Value: 447,182
  • Low Value: 300,054

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $333,400
  • Assessed Land Value: $75,400
  • Assessed Improvements Value: $258,000

    Sales

  • Current Sale Contract Date: Apr 13, 2021
  • Current Sale Recording Date: Apr 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 50930
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 Gardner

Stats & Trends

Median Asking:

$388,200

Sale Price/ft²

$233

Below Asking

0.02%

Average Days on Market

56

Average Home Size

2448 ft²

Average Home Age

87.9 years

Currently For Sale

56 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 years ago
Data Source: MLS PIN, MLS# 72792336

Frequently Asked Questions

When was property at 197 Prospect Street built and last sold?
The property at 197 Prospect Street was built in 1960 and last sold on Apr 13, 2021 for $300,000.
How much is this home worth?
The estimated value of the home located at 197 Prospect Street is $0.
What are some comparable homes to 197 Prospect Street?
There are currently no comparable homes to 197 Prospect Street.
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