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Worcester 01581
2 Bowman Ln
$495,000
● House - Off Market

2 Bowman Ln

Westborough, MA 01581
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,922 Ft²
$529,087
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Ranch home with 1932 Square feet including finished lower level Family room, exercise room and den. Enjoy a one level home with a one car detached garage and 2 driveways on a sunny southern facing lot, complete with charming stone walls and nice lawn area! quality sunny location with good privacy from the road. Hardwood floors and large living room window make this home bright and comfortable. Updated and expanded kitchen with vaulted dining room, will oversized windows all around,  leading to private deck. Paver patio area, also just steps away from the kitchen. Walk out lower level has flexible use rooms. Family room with brick the fireplace, Exercise room and Den, laundry room could possibly have additional bath. Stone walls and mature landscaping complete the picture for this rare find!
Unit Size
1,922 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$273
Property Type
House
Property Taxes
$524
HOA Dues
-
Year Built
1958

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72956215)

Price History

Date / Event Date Event Price
May 25, 2022 Sold
Premium
Sold
Mar 25, 2022 Listed by RE/MAX Executive Realty $525,000
Listed by RE/MAX Executive Realty
Jun 22, 1998 Sold
Premium
Sold
Mar 24, 1998 Listed by RE/MAX Executive Realty $158,500
Listed by RE/MAX Executive Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 7
  • Basement Area: 1,008
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,317
  • Total Building Area: 1,222
  • Gross Building Area: 2,698
  • Building Area: 1,222
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,222
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000421
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Westborough School District
  • School Tax School District: WESTBOROUGH SD
  • Census Tract: 742401

Zoning

  • Zoning: R

Geography

  • Parcel: WBOR M:0009 B:000109 L:0
  • Block: 109
  • Municipality: WESTBOROUGH
  • Latitude: 42.2436
  • Longitude: -71.6172

    Address

  • Full Address: 2 Bowman Ln
  • Address - House Number: 2
  • Address - Street Name: Bowman
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Westborough
  • Carrier Code: R001
  • 4-Digit Zip Code: 3104
  • Zip Code: 01581

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $796,700
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 568,310
  • High Value: 664,489
  • Low Value: 472,131

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $485,500
  • Assessed Land Value: $314,200
  • Assessed Improvements Value: $171,300

    Sales

  • Current Sale Contract Date: May 25, 2022
  • Current Sale Recording Date: May 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 57006
  • Previous Sale Recording Date: Jun 22, 1998
  • Previous Sale Amount: $156,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

2428 ft²

Average Home Age

62.4 years

Currently For Sale

1949 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# 72956215

Frequently Asked Questions

When was property at 2 Bowman Lane built and last sold?
The property at 2 Bowman Lane was built in 1958 and last sold on May 25, 2022 for $495,000.
How much is this home worth?
The estimated value of the home located at 2 Bowman Lane is $518,766.
What are some comparable homes to 2 Bowman Lane?
There are currently no comparable homes to 2 Bowman Lane.
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