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Worcester
2 Colony Ln
$196,000
● House - Off Market

2 Colony Ln

Paxton, MA 01612
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,047 Ft²
$301,205
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Attention Contractors. Lots of potential in this spacious Cape with an addition that was used as an in-law set up. Main house has 3 bedrooms and 1 1/2 baths, kitchen dining room, family room & full basement. In-law addition has a living room, kitchen, full bath and 1 bedroom. between the main house and addition is what used to be a garage but is now used as a family room for main house, Lots of space, refinished hardwoods throughout, and passing Title V. however, please note this home needs a lot of TLC Windows older, Roof needs replacing, porches in rough shape. Some seepage in basement in extreme conditions - no more than 2x/yr. Located in a neighborhood setting on a culdesac. Quick close possible - easy to show.
Unit Size
2,047 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$107
Property Type
House
Property Taxes
$402
HOA Dues
-
Year Built
1948

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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 #72632526)

Price History

Date / Event Date Event Price
Jun 3, 2021 Sold
Premium
Sold
Apr 16, 2021 Listed by RE/MAX Prof Associates $379,000
Listed by RE/MAX Prof Associates
Aug 12, 2020 Sold
Premium
Sold
Mar 12, 2020 Listed by RE/MAX Prof Associates $219,900
Listed by RE/MAX Prof Associates

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 10,000
  • Total Building Area: 2,047
  • Gross Building Area: 3,408
  • Building Area: 2,047
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,047
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wachusett School District
  • Census Tract: 727100

Zoning

  • Zoning: R2

Geography

  • Account Number: 1497
  • Parcel: PAXT M:00027 L:00009
  • Lot: 9
  • Municipality: PAXTON
  • Latitude: 42.2908
  • Longitude: -71.9

    Address

  • Full Address: 2 Colony Ln
  • Address - House Number: 2
  • Address - Street Name: Colony
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Paxton
  • Carrier Code: C027
  • 4-Digit Zip Code: 1426
  • Zip Code: 01612

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $693,600

    Appraisal Valuation

  • Standard Deviation: 0.1866
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 526,489
  • High Value: 624,732
  • Low Value: 428,246

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $431,600
  • Assessed Land Value: $102,000
  • Assessed Improvements Value: $329,600

    Sales

  • Current Sale Contract Date: Jun 02, 2021
  • Current Sale Recording Date: Jun 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 76871
  • Previous Sale Recording Date: Aug 12, 2020
  • Previous Sale Contract Date: Aug 11, 2020
  • Previous Sale Amount: $196,000
  • 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

2403 ft²

Average Home Age

63.3 years

Currently For Sale

2008 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72632526

Frequently Asked Questions

When was property at 2 Colony Lane built and last sold?
The property at 2 Colony Lane was built in 1948 and last sold on Jun 2, 2021 for $400,000.
How much is this home worth?
The estimated value of the home located at 2 Colony Lane is $381,667.
What are some comparable homes to 2 Colony Lane?
There are currently no comparable homes to 2 Colony Lane.
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