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Worcester 01545
232 Old Mill Rd
$400,000
● House - Off Market

232 Old Mill Rd

Shrewsbury, MA 01545
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,346 Ft²
$2,751
Est. Monthly

About This Property

Location, Location Location! Cute 6 Room 2 Bedroom 1.5 bath Colonial close to Mill Pond.  This home has hardwood floors throughout, cabinet packed kitchen with Island, large family room with fireplace, forced air heating by gas and pull down attic.  Large yard with back patio great for entertaining, 1 car attached garage and 2 sheds. There is easy access to I290,  Rt 9, stores and shopping.
Unit Size
1,346 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$357
Property Type
House
Property Taxes
$394
HOA Dues
-
Year Built
1916

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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 #73175834)

Price History

Date / Event Date Event Price
Mar 15, 2024 Sold
Premium
Sold
Jan 2, 2024 In contract -
In contract
Oct 31, 2023 Listed by M. Titus Realty, Inc. $479,900
Listed by M. Titus Realty, Inc.
Mar 17, 2022 Sold
Premium
Sold
Jan 2, 2007 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1916
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 520
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 11,727
  • Total Building Area: 1,346
  • Gross Building Area: 2,853
  • Building Area: 1,346
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,346
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STERLING & W BOYLSTON
  • Land Acres: 0000000269
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Shrewsbury School District
  • School Tax School District: SHREWSBURY SD
  • Census Tract: 739202

Zoning

  • Zoning: RES B-

Geography

  • Account Number: 4388
  • Parcel: SHRE M:26 B:111000
  • Block: 111000
  • Municipality: SHREWSBURY
  • Latitude: 42.2842
  • Longitude: -71.7352

    Address

  • Full Address: 232 Old Mill Rd
  • Address - House Number: 232
  • Address - Street Name: Old Mill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Shrewsbury
  • Carrier Code: C008
  • 4-Digit Zip Code: 2240
  • Zip Code: 01545

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $472,600

    Appraisal Valuation

  • Standard Deviation: 0.0856
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 93
  • Final Value: 486,740
  • High Value: 528,452
  • Low Value: 445,027

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $360,200
  • Assessed Land Value: $241,700
  • Assessed Improvements Value: $118,500

    Sales

  • Current Sale Contract Date: Mar 15, 2024
  • Current Sale Recording Date: Mar 15, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 122943
  • Previous Sale Recording Date: Mar 17, 2022
  • Previous Sale Contract Date: Jan 31, 2022
  • Previous Sale Amount: $324,000
  • Previous Sale Document Type: 34
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

2428 ft²

Average Home Age

62.4 years

Currently For Sale

1949 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: 4 months ago
Data Source: MLS PIN, MLS# 73175834

Frequently Asked Questions

When was property at 232 Old Mill Road built and last sold?
The property at 232 Old Mill Road was built in 1916 and last sold on Mar 15, 2024 for $400,000.
How much is this home worth?
The estimated value of the home located at 232 Old Mill Road is $468,357.
What are some comparable homes to 232 Old Mill Road?
There are currently no comparable homes to 232 Old Mill Road.
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