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Worcester 01585
225 Pierce Road
$89,000
● Land - Off Market

225 Pierce Road

West Brookfield, MA 01585
bedrooms
Studio
bathrooms
0 Bath
$149,944
RealtyHop Estimate
68.48%
Since Aug 1, 2006
National-US
Primary Model

About This Property

Pretty, lush, and level lot in wonderful area of West Brookfield. Rough driveway and artesian well already on property APO. Lot perced in the 80's however seller will perc with acceptable offer.
Unit Size
-
Days on Market
-
Land Size
3.43 acres
Price per sqft
-
Property Type
Land
Property Taxes
$39
HOA Dues
-
Year Built
2007

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 months ago (MLSPIN #70402301)

Price History

Date / Event Date Event Price
Sep 30, 2022 Sold
Premium
Sold
Jul 19, 2022 Listed by Gravel Real Estate Associates $799,900
Listed by Gravel Real Estate Associates
Jul 21, 2006 Sold
Premium
Sold
Jun 6, 2006 Listed by Gravel Real Estate Associates $89,000
Listed by Gravel Real Estate Associates
Dec 3, 2004 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 15
  • 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: 7
  • Basement Area: 1,391
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 149,846
  • Total Building Area: 2,782
  • Gross Building Area: 4,993
  • Building Area: 2,782
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,782
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEST BROOKFIELD
  • Land Acres: 0000003440
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Quaboag Regional School District
  • School Tax School District: QUABOAG RGNL SD
  • Census Tract: 724100

Zoning

  • Zoning: RR

Geography

  • Account Number: 3230240000700090
  • Parcel: WBFD M:024 B:00007 L:00090
  • Block: 7
  • Lot: 90
  • Municipality: WEST BROOKFIELD
  • Latitude: 42.2757
  • Longitude: -72.1891

    Address

  • Full Address: 225 Pierce Rd
  • Address - House Number: 225
  • Address - Street Name: Pierce
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: West Brookfield
  • Carrier Code: R001
  • 4-Digit Zip Code: 3042
  • Zip Code: 01585

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $811,700

    Appraisal Valuation

  • Standard Deviation: 0.164
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 826,308
  • High Value: 961,837
  • Low Value: 690,778

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $677,000
  • Assessed Land Value: $54,400
  • Assessed Improvements Value: $622,600

    Sales

  • Current Sale Contract Date: Sep 16, 2022
  • Current Sale Recording Date: Sep 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 107415
  • Previous Sale Recording Date: Jul 21, 2006
  • Previous Sale Amount: $89,000
  • 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

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2403 ft²

Average Home Age

63.3 years

Currently For Sale

2008 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# 70402301

Frequently Asked Questions

When was property at 225 Pierce Road built and last sold?
The property at 225 Pierce Road was built in 2007 and last sold on Sep 16, 2022 for $799,900.
How much is this home worth?
The estimated value of the home located at 225 Pierce Road is $833,929.
What are some comparable homes to 225 Pierce Road?
There are currently no comparable homes to 225 Pierce Road.
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