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Worcester
246 Richards Avenue
$327,500
● House - Off Market

246 Richards Avenue

Paxton, MA 01612
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,360 Ft²
$348,144
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Look no further – here it is charming 2BR Bungalow set on nearly 1 acre features hardwoods, Living Room with built-ins offers cozy living space, appliance Kitchen with Pantry, spacious Family Room with wood stove for heating efficiency.  Enjoy evenings or morning coffee in the enclosed front porch.  You'll love the walk up attic, easy storage access! Level fenced-in yard is a great spot for play spaces, gardening and even small farm animals.  2-car detached garage offers ample storage for cars and toys.  Part of the Wachusett School District, a short commute to Worcester and close to trails, ponds and outdoor activities.   Welcome Home!
Unit Size
1,360 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$243
Property Type
House
Property Taxes
$394
HOA Dues
-
Year Built
1924

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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 #73042671)

Price History

Date / Event Date Event Price
Nov 15, 2022 Sold
Premium
Sold
Oct 5, 2022 In contract -
In contract
Sep 29, 2022 Listed by Gibbs Realty Inc. $329,900
Listed by Gibbs Realty Inc.
Jul 27, 2018 Sold
Premium
Sold
May 1, 2018 Listed by Gibbs Realty Inc. $229,900
Listed by Gibbs Realty Inc.
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 3
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,000
  • Total Building Area: 1,360
  • Gross Building Area: 4,304
  • Building Area: 1,360
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,360
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000918
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wachusett School District
  • Census Tract: 727100

Zoning

  • Zoning: OR4

Geography

  • Account Number: 639
  • Parcel: PAXT M:00017 L:0032C
  • Lot: 32C
  • Municipality: PAXTON
  • Latitude: 42.3269
  • Longitude: -71.9313

    Address

  • Full Address: 246 Richards Ave
  • Address - House Number: 246
  • Address - Street Name: Richards
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Paxton
  • Carrier Code: C032
  • 4-Digit Zip Code: 1121
  • Zip Code: 01612

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $500,400
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1975
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 73
  • Final Value: 376,137
  • High Value: 450,446
  • Low Value: 301,827

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $311,400
  • Assessed Land Value: $110,400
  • Assessed Improvements Value: $201,000

    Sales

  • Current Sale Contract Date: Nov 08, 2022
  • Current Sale Recording Date: Nov 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 122499
  • Previous Sale Recording Date: Jul 27, 2018
  • Previous Sale Amount: $226,500
  • 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:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2387 ft²

Average Home Age

63.7 years

Currently For Sale

2106 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73042671

Frequently Asked Questions

When was property at 246 Richards Avenue built and last sold?
The property at 246 Richards Avenue was built in 1924 and last sold on Nov 8, 2022 for $327,500.
How much is this home worth?
The estimated value of the home located at 246 Richards Avenue is $332,767.
What are some comparable homes to 246 Richards Avenue?
There are currently no comparable homes to 246 Richards Avenue.
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