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Worcester
2 Tyler Lane
$886,900
● House - Off Market

2 Tyler Lane

Mendon, MA 01756
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,745 Ft²
$863,039
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Located in the fabulous Miscoe Springs Neighborhood this home sets on a private lot taking up entire west side of Tyler Lane. House faces Easterly. Near the Upton, Northbridge Town lines centrally located to all schools. This updated design features hardwood ,tile and 9 ft ceilings on first floor, gas fire placed family room, quartz counters and so much more. See attached Documents. Some interior pictures are of a different model and used to illustrate similar quality. See attached documents for site plan as to be built . See also restrictive covenants. Taking Reservation (see doccuments attached in MLS) until selections and upgrades have been determined at which point P&S with 10% down will be entered into.
Unit Size
2,745 Ft²
Days on Market
-
Land Size
1.58 acres
Price per sqft
$316
Property Type
House
Property Taxes
$8,333
HOA Dues
-
Year Built
2022

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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 #73047835)

Price History

Date / Event Date Event Price
Aug 9, 2023 Sold
Premium
Sold
Oct 13, 2022 Listed by Mendon Area Real Estate $867,900
Listed by Mendon Area Real Estate

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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
  • 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: 68,825
  • Total Building Area: 2,826
  • Building Area: 2,826
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,826
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001580
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Mendon-Upton School District
  • School Tax School District: MENDON-UPTON SD
  • Census Tract: 746100

Zoning

  • Zoning: RES

Geography

  • Account Number: 3163
  • Parcel: MEND M:04 B:231 P:002
  • Block: 231
  • Municipality: MENDON
  • Latitude: 42.1242
  • Longitude: -71.586

    Address

  • Full Address: 2 Tyler Ln
  • Address - House Number: 2
  • Address - Street Name: Tyler
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Mendon
  • Carrier Code: R002
  • 4-Digit Zip Code: 0572
  • Zip Code: 01756

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $942,800
  • Initial Tax Delinquent Year: 2024

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $687,700
  • Assessed Land Value: $186,300
  • Assessed Improvements Value: $501,400

    Sales

  • Current Sale Contract Date: Aug 03, 2023
  • Current Sale Recording Date: Aug 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 65236
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

$282

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2401 ft²

Average Home Age

63.3 years

Currently For Sale

1983 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# 73047835

Frequently Asked Questions

When was property at 2 Tyler Lane built and last sold?
The property at 2 Tyler Lane was built in 2022 and last sold on Aug 3, 2023 for $957,923.
How much is this home worth?
The estimated value of the home located at 2 Tyler Lane is $876,637.
What are some comparable homes to 2 Tyler Lane?
There are currently no comparable homes to 2 Tyler Lane.
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