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Worcester 01545
263 Walnut Street
$377,000
● House - Off Market

263 Walnut Street

Shrewsbury, MA 01545
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,408 Ft²
$297,135
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Welcome to a promising opportunity in the world of real estate! This single-family ranch-style home, boasting 3 bedrooms and 1 bathroom, is positioned on a generously sized lot that holds the key to a multitude of possibilities. While it currently requires repairs, the potential it exudes is boundless, making it an enticing prospect for those who seek to shape a property into their own vision. Situated in a convenient location, this home offers easy access to schools, amenities, and more. Its potential extends beyond its walls, making it an investment opportunity for those with a vision. Whether you're a skilled investor looking for a project or a homeowner excited to customize a space, this ranch-style gem is brimming with possibilities.
Unit Size
1,408 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$212
Property Type
House
Property Taxes
$442
HOA Dues
-
Year Built
1948

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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 #73152993)

Price History

Date / Event Date Event Price
Sep 18, 2023 Sold
Premium
Sold
Sep 5, 2023 In contract -
In contract
Aug 28, 2023 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $299,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • 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: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,408
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,740
  • Total Building Area: 1,408
  • Gross Building Area: 3,104
  • Building Area: 1,408
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,408
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000545
  • 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: 739401

Zoning

  • Zoning: COM BU

Geography

  • Account Number: 8065
  • Parcel: SHRE M:36 B:018000
  • Block: 18000
  • Municipality: SHREWSBURY
  • Latitude: 42.2817
  • Longitude: -71.6781

    Address

  • Full Address: 263 Walnut St
  • Address - House Number: 263
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Shrewsbury
  • Carrier Code: R004
  • 4-Digit Zip Code: 3319
  • Zip Code: 01545

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $530,800
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1938
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 517,520
  • High Value: 617,833
  • Low Value: 417,207

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $404,600
  • Assessed Land Value: $254,500
  • Assessed Improvements Value: $150,100

    Sales

  • Current Sale Contract Date: Sep 11, 2023
  • Current Sale Recording Date: Sep 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 77427
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

2401 ft²

Average Home Age

63.3 years

Currently For Sale

2000 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: 4 months ago
Data Source: MLS PIN, MLS# 73152993

Frequently Asked Questions

When was property at 263 Walnut Street built and last sold?
The property at 263 Walnut Street was built in 1948 and last sold on Sep 11, 2023 for $377,000.
How much is this home worth?
The estimated value of the home located at 263 Walnut Street is $313,812.
What are some comparable homes to 263 Walnut Street?
There are currently no comparable homes to 263 Walnut Street.
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