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Worcester 01772
2 Red Gate Ln
$430,000
● House - Off Market

2 Red Gate Ln

Southborough, MA 01772
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,158 Ft²
$976,472
RealtyHop Estimate
116.99%
Since Jun 1, 2012
National-US
Primary Model

About This Property

Delightful Royal Barry Wills style New England Cape Cod on Striking Sunny Knoll in Smashing Neighborhood*Superbly styled*Front to Back Formal LR w/gorgeous fireplace and substantial bow window overlooking rear yard*Breezeway leads to Guest Suite or Game Room w/bath and Kitchenette*Hardwoods galore*Terrific kitchen with Viking Commercial Refrigerator* Dining Rm w/ Brick floor and Custom Built-in China Cabinets*New Roof, Exterior Trim Paint & New Dining Room Window, New Septic in 2005!
Unit Size
2,158 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$209
Property Type
House
Property Taxes
$549
HOA Dues
-
Year Built
1956

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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 months ago (MLSPIN #71329350)

Price History

Date / Event Date Event Price
May 22, 2012 Sold
Premium
Sold
Jan 19, 2012 Listed by Andrew J. Abu Inc., REALTORS® $450,000
Listed by Andrew J. Abu Inc., REALTORS®
Dec 12, 2003 Sold
Premium
Sold
Sep 3, 2003 Listed by Andrew J. Abu Inc., REALTORS® $569,900
Listed by Andrew J. Abu Inc., REALTORS®

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,712
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,867
  • Total Building Area: 2,846
  • Gross Building Area: 5,005
  • Building Area: 2,846
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,846
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001030
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Southborough School District
  • Census Tract: 741102

Zoning

  • Zoning: RA

Geography

  • Account Number: F_642345_2933191
  • Parcel: SBOR M:034.0 B:0000 L:0020.0
  • Lot: 20.0
  • Municipality: SOUTHBOROUGH
  • Latitude: 42.2968
  • Longitude: -71.5511

    Address

  • Full Address: 2 Red Gate Ln
  • Address - House Number: 2
  • Address - Street Name: Red Gate
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Southborough
  • Carrier Code: R006
  • 4-Digit Zip Code: 1441
  • Zip Code: 01772

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,092,400

    Appraisal Valuation

  • Standard Deviation: 0.1797
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 891,193
  • High Value: 1,051,409
  • Low Value: 730,978

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $740,100
  • Assessed Land Value: $322,400
  • Assessed Improvements Value: $417,700

    Sales

  • Current Sale Recording Date: May 22, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Dec 12, 2003
  • Previous Sale Amount: $500,000
  • Previous 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:

$500,000

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2378 ft²

Average Home Age

64.6 years

Currently For Sale

2018 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 months ago
Data Source: MLS PIN, MLS# 71329350

Frequently Asked Questions

When was property at 2 Red Gate Lane built and last sold?
The property at 2 Red Gate Lane was built in 1956 and last sold on Jan 1, 1970 for $430,000.
How much is this home worth?
The estimated value of the home located at 2 Red Gate Lane is $462,758.
What are some comparable homes to 2 Red Gate Lane?
There are currently no comparable homes to 2 Red Gate Lane.
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