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Worcester 01532
2 Chapin St
$269,900
● House - Off Market

2 Chapin St

Northborough, MA 01532
bedrooms
3 Beds
bathrooms
1 Bath
square feet
896 Ft²
$1,734
Est. Monthly

About This Property

Great opportunity in Northborough. This property is located on a corner lot, and has a beautiful pasture and pond view where cows graze. This area features a country feel, yet not far from highways and shopping. This property is eligible under the First Look Initiative which expires after 30 full days on market. No investor offers until first look period expires. No offers regardless of buyer type will not be negotiated within the first 7 days of listing.  For financed offers EMD to be 1% or $1000 whichever is greater and for cash offers EMD to be 5% or $5000 whichever is greater.
Unit Size
896 Ft²
Days on Market
-
Land Size
1.10 acres
Price per sqft
$300
Property Type
House
Property Taxes
$412
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: 6 months ago (MLSPIN #73175253)

Price History

Date / Event Date Event Price
Dec 14, 2023 Sold
Premium
Sold
Nov 25, 2023 In contract -
In contract
Oct 30, 2023 Listed by Quinsigamond Realty $269,000
Listed by Quinsigamond Realty
Oct 19, 2023 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 4
  • Building Quality: 0
  • Construction Type: 3
  • 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: 896
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 47,777
  • Total Building Area: 896
  • Gross Building Area: 1,792
  • Building Area: 896
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 896
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001097
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Northborough-Southborough School District
  • Census Tract: 740102

Zoning

  • Zoning: RC

Geography

  • Parcel: NBOR M:0350 L:0046
  • Lot: 46
  • Municipality: NORTHBOROUGH
  • Latitude: 42.336
  • Longitude: -71.6285

    Address

  • Full Address: 2 Chapin St
  • Address - House Number: 2
  • Address - Street Name: Chapin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Northborough
  • Carrier Code: R006
  • 4-Digit Zip Code: 1502
  • Zip Code: 01532

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $428,700
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1986
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 331,391
  • High Value: 397,217
  • Low Value: 265,564

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $300,200
  • Assessed Land Value: $205,000
  • Assessed Improvements Value: $95,200

    Sales

  • Current Sale Contract Date: Dec 14, 2023
  • Current Sale Recording Date: Dec 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 104754
  • Previous Sale Recording Date: Oct 19, 2023
  • Previous Sale Contract Date: Sep 13, 2023
  • Previous Sale Amount: $387,189
  • 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

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2381 ft²

Average Home Age

65.5 years

Currently For Sale

1967 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: 6 months ago
Data Source: MLS PIN, MLS# 73175253

Frequently Asked Questions

When was property at 2 Chapin Street built and last sold?
The property at 2 Chapin Street was built in 1960 and last sold on Dec 14, 2023 for $269,900.
How much is this home worth?
The estimated value of the home located at 2 Chapin Street is $271,804.
What are some comparable homes to 2 Chapin Street?
There are currently no comparable homes to 2 Chapin Street.
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