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Worcester 01543
Lot 2 Emerald Rd
$64,000
● Land - Off Market

Lot 2 Emerald Rd

Rutland, MA 01543
bedrooms
Studio
bathrooms
0 Bath
$84,086
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Almost 1.5 acres of woods to build Your private Dream Home! Perc test and survey has been completed. Septic design and conservation approval is in the works to make it easier for you to build as soon as possible. This is where you want to get away from the hustle and bustle of city life to the charming town of Rutland, part of the desirable Wachusett school system. This wooded fairly level lot is one of five neighboring lots being sold on a quaint road with lots of woods and a few nice recently built homes Nearby. Many possibilities to build your dream home! Great opportunity for builders as well!
Unit Size
-
Days on Market
-
Land Size
1.48 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2016

Payment Calculator

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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: 4 months ago (MLSPIN #72672436)

Price History

Date / Event Date Event Price
Dec 23, 2020 Sold
Premium
Sold
Jun 11, 2020 Listed by ERA Key Realty Services- Spenc $64,000
Listed by ERA Key Realty Services- Spenc
Nov 18, 2016 Sold
Premium
Sold
May 16, 2016 Listed by ERA Key Realty Services- Spenc $383,520
Listed by ERA Key Realty Services- Spenc

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 66,211
  • Total Building Area: 2,384
  • Gross Building Area: 4,324
  • Building Area: 2,384
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,384
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001520
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Geography

  • Account Number: 34B3.04
  • Parcel: RUTL M:34 B:B L:3.04
  • Block: B
  • Lot: 3.04
  • Municipality: RUTLAND
  • Latitude: 42.3458
  • Longitude: -71.9552

    Address

  • Full Address: 2 Emerald Rd
  • Address - House Number: 2
  • Address - Street Name: Emerald
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Rutland
  • Carrier Code: R004
  • 4-Digit Zip Code: 1537
  • Zip Code: 01543

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $757,900

    Appraisal Valuation

  • Standard Deviation: 0.1961
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 521,917
  • High Value: 624,282
  • Low Value: 419,551

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $552,400
  • Assessed Land Value: $88,300
  • Assessed Improvements Value: $464,100

    Sales

  • Current Sale Contract Date: Dec 17, 2020
  • Current Sale Recording Date: Dec 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 161082
  • Previous Sale Recording Date: Nov 18, 2016
  • Previous Sale Amount: $393,436
  • 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

2429 ft²

Average Home Age

62.8 years

Currently For Sale

1936 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# 72672436

Frequently Asked Questions

When was property at 2 Emerald Road built and last sold?
The property at 2 Emerald Road was built in 2016 and last sold on Dec 17, 2020 for $64,000.
How much is this home worth?
The estimated value of the home located at 2 Emerald Road is $64,640.
What are some comparable homes to 2 Emerald Road?
There are currently no comparable homes to 2 Emerald Road.
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