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Worcester 01543
23 Hope Way
$215,000
● House - Off Market

23 Hope Way

Rutland, MA 01543
bedrooms
1 Bed
bathrooms
1 Bath
square feet
748 Ft²
$237,337
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Always dreamed of owning a home near the water? Well here it is. This 1 bedroom home (with potential for 2nd bedroom or office) is a short walk to a fully recreational lake. The neighborhood offers its own private beach with a boat launching area. Great for fishing, swimming and boating. This home has a large lot -1.42 acres.  It sits on a dead end street.  The back yard offers a private place to take in summer breezes. Woods abut this property for privacy. Large open kitchen and family room with wood flooring and vaulted ceiling.  Enjoy the warmth of the pellet stove during cold winter days and mini split air condiitioning during the summer heat.  Many updates within last 3 years including -  vinyl siding, roof, hot water tank, windows, kitchen, bath, mini splits, refrigerator, stove, dishwasher, washer and dryer
Unit Size
748 Ft²
Days on Market
-
Land Size
1.42 acres
Price per sqft
$301
Property Type
House
Property Taxes
$193
HOA Dues
-
Year Built
1930

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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: 6 months ago (MLSPIN #73039771)

Price History

Date / Event Date Event Price
Nov 10, 2022 Sold
Premium
Sold
Sep 28, 2022 In contract -
In contract
Sep 22, 2022 Listed by Gibbs Realty Inc. $224,900
Listed by Gibbs Realty Inc.
Nov 13, 2018 Sold
Premium
Sold
Sep 4, 2018 Listed by Gibbs Realty Inc. $134,900
Listed by Gibbs Realty Inc.

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 18
  • 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: 61,855
  • Total Building Area: 748
  • Gross Building Area: 1,760
  • Building Area: 748
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 748
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001420
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wachusett School District
  • Census Tract: 721104

Geography

  • Parcel: RUTL M:36-B B:B L:1
  • Block: B
  • Lot: 1
  • Municipality: RUTLAND
  • Latitude: 42.3416
  • Longitude: -71.9442

    Address

  • Full Address: 23 Hope Way
  • Address - House Number: 23
  • Address - Street Name: Hope
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Rutland
  • Carrier Code: R004
  • 4-Digit Zip Code: 2137
  • Zip Code: 01543

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $232,700

    Appraisal Valuation

  • Standard Deviation: 0.1975
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 233,674
  • High Value: 279,833
  • Low Value: 187,516

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $169,600
  • Assessed Land Value: $77,400
  • Assessed Improvements Value: $92,200

    Sales

  • Current Sale Contract Date: Nov 10, 2022
  • Current Sale Recording Date: Nov 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 121676
  • Previous Sale Recording Date: Nov 13, 2018
  • Previous Sale Amount: $133,025
  • Previous Sale Document Type: O
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

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2376 ft²

Average Home Age

65.6 years

Currently For Sale

1958 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: 6 months ago
Data Source: MLS PIN, MLS# 73039771

Frequently Asked Questions

When was property at 23 Hope Way built and last sold?
The property at 23 Hope Way was built in 1930 and last sold on Nov 10, 2022 for $215,000.
How much is this home worth?
The estimated value of the home located at 23 Hope Way is $223,346.
What are some comparable homes to 23 Hope Way?
There are currently no comparable homes to 23 Hope Way.
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