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Marlborough 01752
245 Forest
Photo of 245 Forest
Sold on Jul 11, 2025

35

Map

Photo of 245 Forest
Photo of 245 Forest
$609,000
● House - Off Market

245 Forest

Marlborough, MA 01752
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,591 Ft²
$3,904
Est. Monthly
2.26%
Cap Rate

About This Property

Two plus acres and large out building perfect for those in trucking, landscaping, construction etc.. Great location minutes to the highways.  Zoned A3 (most) and L1 (rear). City has been allowing Existing Use Trucking Company  20+ years since previous owner had Construction company from beginning. Two bedroom one and a half bath two car garage with updates on property including spacious cabinet packet granite kitchen with island. Fireplaced front to back living room with built-ins. Cozy flagstone floored mudroom between house and garage with access to back yard. Furnace and Oil tank 3 years old. Split system for A/C and Heat 2 years old.  Both home and outbuilding  have separate 200 amp service.
Unit Size
1,591 Ft²
Days on Market
-
Land Size
2.30 acres
Price per sqft
$439
Property Type
House
Property Taxes
$472
HOA Dues
-
Year Built
1940

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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: 2 years ago (MLSPIN #73374503)

Price History

Date / Event Date Event Price
Jul 11, 2025 Sold
Premium
Sold
Jun 15, 2025 In contract -
In contract
Jun 5, 2025 Price Decreased $699,000
↓ $251K (26.4%)
Price Decreased
May 29, 2025 Price Decreased $950,000
↓ $100K (9.5%)
Price Decreased
May 14, 2025 Listed $1,050,000
Listed
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 9
  • Basement Area: 884
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 100,188
  • Total Building Area: 1,591
  • Gross Building Area: 3,863
  • Building Area: 1,591
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,591
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002300
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Marlborough School District
  • School Tax School District: MARLBOROUGH SD
  • Census Tract: 321400

Geography

  • Account Number: 129926
  • Parcel: MARL M:090 B:001A L:000
  • Block: 1A
  • Municipality: MARLBOROUGH
  • Latitude: 42.3327
  • Longitude: -71.5802

    Address

  • Full Address: 245 Forest St
  • Address - House Number: 245
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marlborough
  • Carrier Code: C028
  • 4-Digit Zip Code: 3012
  • Zip Code: 01752

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $549,900

    Appraisal Valuation

  • Standard Deviation: 0.1588
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 591,704
  • High Value: 685,678
  • Low Value: 497,731

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $537,000
  • Assessed Land Value: $235,100
  • Assessed Improvements Value: $301,900

    Sales

  • Current Sale Recording Date: Jul 11, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 998
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 Marlborough

Stats & Trends

Median Asking:

$579,900

Sale Price/ft²

$312

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2297 ft²

Average Home Age

62.6 years

Currently For Sale

69 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: 2 years ago
Data Source: MLS PIN, MLS# 73374503

Frequently Asked Questions

When was property at 245 Forest Street built and last sold?
The property at 245 Forest Street was built in 1940 and last sold on Jan 1, 1970 for $325,000.
How much is this home worth?
The estimated value of the home located at 245 Forest Street is $0.
What are some comparable homes to 245 Forest Street?
There are currently no comparable homes to 245 Forest Street.
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