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Worcester
263 Redemption Rock Trail
$535,000
● House - Off Market

263 Redemption Rock Trail

Sterling, MA 01564
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,348 Ft²
$3,039
Est. Monthly

About This Property

Totally renovated cape home with a two bedroom accessory apartment that would make an ideal in-law setup or have some help paying the mortgage. Main house has three bedrooms and two full baths with one of the bedrooms on the first floor. There are hardwood floors in the dining and living room and a new luxury vinyl floor in the kitchen. The eat-in kitchen has recent stainless appliances and granite countertops with a slider to the back deck, overlooking the spacious level one acre lot   Separate driveways allows parking for multiple cars. The apartment has cathedral ceilings and a large loft area .Updates include a brand new roof, replacement windows and whole house has just been painted so no worries about high priced repairs. Conveniently located near Wachusett Mountain and easy access to Rt. 190.
Unit Size
2,348 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$234
Property Type
House
Property Taxes
$338
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73181020)

Price History

Date / Event Date Event Price
Jan 22, 2024 Sold
Premium
Sold
Jan 10, 2024 In contract -
In contract
Nov 16, 2023 Listed by Realty Vision $549,900
Listed by Realty Vision
Dec 21, 2017 Sold
Premium
Sold
Aug 23, 2017 Listed by Realty Vision $219,900
Listed by Realty Vision
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 43,560
  • Total Building Area: 2,478
  • Gross Building Area: 4,460
  • Building Area: 2,478
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,478
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • 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:00097 L:00012
  • Lot: 12
  • Municipality: STERLING
  • Latitude: 42.4374
  • Longitude: -71.814

    Address

  • Full Address: 263 Redemption Rock Trl
  • Address - House Number: 263
  • Address - Street Name: Redemption Rock
  • Address - Suffix Type: Trl
  • State: MA
  • City Name: Sterling
  • Carrier Code: R002
  • 4-Digit Zip Code: 2521
  • Zip Code: 01564

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $530,900

    Appraisal Valuation

  • Standard Deviation: 0.0853
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 93
  • Final Value: 561,673
  • High Value: 609,613
  • Low Value: 513,734

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $398,900
  • Assessed Land Value: $117,700
  • Assessed Improvements Value: $281,200

    Sales

  • Current Sale Contract Date: Jan 19, 2024
  • Current Sale Recording Date: Jan 22, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4812
  • Previous Sale Recording Date: Dec 21, 2017
  • Previous Sale Amount: $195,000
  • 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

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# 73181020

Frequently Asked Questions

When was property at 263 Redemption Rock Trail built and last sold?
The property at 263 Redemption Rock Trail was built in 1950 and last sold on Jan 19, 2024 for $535,000.
How much is this home worth?
The estimated value of the home located at 263 Redemption Rock Trail is $555,399.
What are some comparable homes to 263 Redemption Rock Trail?
There are currently no comparable homes to 263 Redemption Rock Trail.
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