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Worcester 01545
Lot 2 Forest Hill
$394,800
● Land - Off Market

Lot 2 Forest Hill

Oakham, MA 01545
bedrooms
Studio
bathrooms
0 Bath
$98,891
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model

About This Property

Are you looking for a new home site with  acreage in a subdivision? Consider Forest Hill in the hidden-gem town of OAKHAM!  The tranquil, rural town of Oakham is great small-town living (population approx. 1900), but easy access to amenities in surrounding towns of Rutland, Paxton, North Brookfield and Barre.  Only 1 mile from Rutland town line, 20 minutes to Tatnuck.  Call today for details.
Unit Size
-
Days on Market
-
Land Size
3.02 acres
Price per sqft
-
Property Type
Land
Property Taxes
$90
HOA Dues
-
Year Built
1966

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: 5 years ago (MLSPIN #72269939)

Price History

Date / Event Date Event Price
Dec 12, 2018 Sold
Premium
Sold
Jan 11, 2018 Listed by eXp Realty $65,000
Listed by eXp Realty
Jun 26, 1985 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 861
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 13,400
  • Total Building Area: 1,499
  • Gross Building Area: 3,218
  • Building Area: 1,499
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,499
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000308
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Shrewsbury School District
  • School Tax School District: SHREWSBURY SD
  • Census Tract: 739500

Zoning

  • Zoning: RES B-

Geography

  • Account Number: 339
  • Parcel: SHRE M:04 B:016084
  • Block: 16084
  • Municipality: SHREWSBURY
  • Latitude: 42.32
  • Longitude: -71.7138

    Address

  • Full Address: 2 Forest Hill Dr
  • Address - House Number: 2
  • Address - Street Name: Forest Hill
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Shrewsbury
  • Carrier Code: C009
  • 4-Digit Zip Code: 1531
  • Zip Code: 01545

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $650,000

    Appraisal Valuation

  • Standard Deviation: 0.1533
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 603,618
  • High Value: 696,193
  • Low Value: 511,042

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $495,400
  • Assessed Land Value: $272,600
  • Assessed Improvements Value: $222,800

    Sales

  • Current Sale Recording Date: Jun 26, 1985
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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

2390 ft²

Average Home Age

63.8 years

Currently For Sale

2100 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: 5 years ago
Data Source: MLS PIN, MLS# 72269939

Frequently Asked Questions

When was property at 2 Forest Hill Drive built and last sold?
The property at 2 Forest Hill Drive was built in 1966 and last sold on Jan 1, 1970 for $140,000.
How much is this home worth?
The estimated value of the home located at 2 Forest Hill Drive is $0.
What are some comparable homes to 2 Forest Hill Drive?
There are currently no comparable homes to 2 Forest Hill Drive.
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