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Worcester 01468
216 South Rd
$287,000
● House - Off Market

216 South Rd

Templeton, MA 01468
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,040 Ft²
$279,689
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Offer Deadline Tuesday, Feb 21st by 6 P.M.. Opportunity knocks! This Three Bedroom, One Bath Ranch home on approx 2.32 Acres is waiting for its New Owners! In the same family for Decades this property features an Eat in Kitchen with Deck Access that overlooks the Large Backyard which is perfect for a Vegetable Garden, Flower Beds and Entertaining. Bright Sunlit Cozy Living Room with adjoining Hallway lead to the Bath and 3 Bedrooms. The Basement includes Two Bonus rooms, Laundry, Work bench and a Convenient Walkout. Two Car Garage with plenty of Off Street Parking. Title V in hand. Money saving Templeton Municipal Electric is a plus!!
Unit Size
1,040 Ft²
Days on Market
-
Land Size
2.32 acres
Price per sqft
$264
Property Type
House
Property Taxes
$273
HOA Dues
-
Year Built
1978

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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 #73079473)

Price History

Date / Event Date Event Price
Apr 28, 2023 Sold
Premium
Sold
Feb 24, 2023 In contract -
In contract
Feb 15, 2023 Listed by RE/MAX Advantage 1 $274,900
Listed by RE/MAX Advantage 1
Feb 26, 1997 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 50,094
  • Total Building Area: 1,040
  • Gross Building Area: 2,374
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001150
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Narragansett School District
  • School Tax School District: NARRAGANSETT SD
  • Census Tract: 705101

Geography

  • Account Number: 1751
  • Parcel: TEMP M:03-12 B:00040 L:00000
  • Block: 40
  • Municipality: TEMPLETON
  • Latitude: 42.542
  • Longitude: -72.0607

    Address

  • Full Address: 216 South Rd
  • Address - House Number: 216
  • Address - Street Name: South
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Templeton
  • Carrier Code: R001
  • 4-Digit Zip Code: 1203
  • Zip Code: 01468

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $327,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1988
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 329,206
  • High Value: 394,653
  • Low Value: 263,759

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $253,800
  • Assessed Land Value: $52,500
  • Assessed Improvements Value: $201,300

    Sales

  • Current Sale Contract Date: Apr 28, 2023
  • Current Sale Recording Date: Apr 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 32889
  • Previous Sale Recording Date: Feb 26, 1997
  • Previous Sale Amount: $6,000
  • 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:

$499,900

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2417 ft²

Average Home Age

63.5 years

Currently For Sale

2022 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73079473

Frequently Asked Questions

When was property at 216 South Road built and last sold?
The property at 216 South Road was built in 1978 and last sold on Apr 28, 2023 for $287,000.
How much is this home worth?
The estimated value of the home located at 216 South Road is $280,156.
What are some comparable homes to 216 South Road?
There are currently no comparable homes to 216 South Road.
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