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Worcester
24 Laurelwood Rd
$387,000
● House - Off Market

24 Laurelwood Rd

Sterling, MA 01564
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,308 Ft²
$325,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Don't miss out on this opportunity to own this bungalow in Sterling. This home has over 1300 sq. ft on the main floor including a front to back living/dining room with fireplace, large kitchen with pass through window to the dining room.  There is a separate family room, main bedroom, laundry room and full bath on the main level along with 2 exterior enclosed porch/sun room areas for relaxing with your morning coffee.  On the 2nd floor there is a huge 2nd bedroom and 1/2 bath just needing some finishing touches. Boiler approximately 3 yrs old, Roof approximately 5 years old. Low maintenance vinyl siding was done approximately 20 years ago. Great location close to I-190 but off the main road. With a little TLC, this house could be just what you are looking for.
Unit Size
1,308 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$248
Property Type
House
Property Taxes
$405
HOA Dues
-
Year Built
1953

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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 #73163932)

Price History

Date / Event Date Event Price
Nov 9, 2023 Sold
Premium
Sold
Sep 30, 2023 In contract -
In contract
Sep 27, 2023 Listed by Karen Packard Real Estate Inc. $325,000
Listed by Karen Packard Real Estate Inc.

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 3
  • 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: 8
  • Basement Area: 1,536
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 1,308
  • Gross Building Area: 4,419
  • Building Area: 1,308
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,308
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wachusett School District
  • Census Tract: 719100

Geography

  • District: 282
  • Parcel: STER M:00072 L:00015
  • Lot: 15
  • Municipality: STERLING
  • Latitude: 42.447
  • Longitude: -71.7536

    Address

  • Full Address: 24 Laurelwood Rd
  • Address - House Number: 24
  • Address - Street Name: Laurelwood
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Sterling
  • Carrier Code: R006
  • 4-Digit Zip Code: 2219
  • Zip Code: 01564

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $484,000

    Appraisal Valuation

  • Standard Deviation: 0.1905
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 74
  • Final Value: 440,097
  • High Value: 523,977
  • Low Value: 356,218

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $363,600
  • Assessed Land Value: $151,600
  • Assessed Improvements Value: $212,000

    Sales

  • Current Sale Contract Date: Nov 09, 2023
  • Current Sale Recording Date: Nov 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 94159
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

$281

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2384 ft²

Average Home Age

64.6 years

Currently For Sale

2076 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: 5 months ago
Data Source: MLS PIN, MLS# 73163932

Frequently Asked Questions

When was property at 24 Laurelwood Road built and last sold?
The property at 24 Laurelwood Road was built in 1953 and last sold on Nov 9, 2023 for $387,000.
How much is this home worth?
The estimated value of the home located at 24 Laurelwood Road is $336,950.
What are some comparable homes to 24 Laurelwood Road?
There are currently no comparable homes to 24 Laurelwood Road.
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