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Worcester 01545
268 Old Mill Rd
$407,000
● House - Off Market

268 Old Mill Rd

Shrewsbury, MA 01545
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,061 Ft²
$456,528
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Location, Location, Location! Attractive Colonial in desirable Shrewsbury Ma. Home features, 4 bedrooms, 2 full baths, open kitchen to fireplaced family room with deck access. Full Bath on 1st and 2nd level, hardwood flooring, 2 car garage and large lot for your family entertainment. Great school system, restaurants, shopping. A great Opportunity!! The Foreclosure Deed was recently recorded thus the property is came back on the market and ready for Buyer's!!
Unit Size
2,061 Ft²
Days on Market
-
Land Size
0.79 acres
Price per sqft
$192
Property Type
House
Property Taxes
$413
HOA Dues
-
Year Built
1937

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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 years ago (MLSPIN #72848215)

Price History

Date / Event Date Event Price
Dec 28, 2021 Sold
Premium
Sold
Nov 17, 2021 Listed by Prestigious Homes $585,000
Listed by Prestigious Homes
Jul 19, 2021 Sold
Premium
Sold
Jun 11, 2021 Listed by Prestigious Homes $395,000
Listed by Prestigious Homes
May 26, 2021 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1937
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 792
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,498
  • Total Building Area: 2,061
  • Gross Building Area: 3,125
  • Building Area: 2,061
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,061
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000792
  • 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: 739202

Zoning

  • Zoning: RES B-

Geography

  • Account Number: 4883
  • Parcel: SHRE M:27 B:004000
  • Block: 4000
  • Municipality: SHREWSBURY
  • Latitude: 42.2837
  • Longitude: -71.7324

    Address

  • Full Address: 268 Old Mill Rd
  • Address - House Number: 268
  • Address - Street Name: Old Mill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Shrewsbury
  • Carrier Code: C008
  • 4-Digit Zip Code: 2274
  • Zip Code: 01545

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $680,000

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 645,202
  • High Value: 758,791
  • Low Value: 531,614

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $518,300
  • Assessed Land Value: $278,000
  • Assessed Improvements Value: $240,300

    Sales

  • Current Sale Contract Date: Dec 28, 2021
  • Current Sale Recording Date: Dec 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 119446
  • Previous Sale Recording Date: Jul 19, 2021
  • Previous Sale Contract Date: Jul 13, 2021
  • Previous Sale Amount: $407,000
  • Previous Sale Document Type: 71
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

2385 ft²

Average Home Age

64.5 years

Currently For Sale

2059 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: 5 years ago
Data Source: MLS PIN, MLS# 72848215

Frequently Asked Questions

When was property at 268 Old Mill Road built and last sold?
The property at 268 Old Mill Road was built in 1937 and last sold on Dec 28, 2021 for $574,000.
How much is this home worth?
The estimated value of the home located at 268 Old Mill Road is $0.
What are some comparable homes to 268 Old Mill Road?
There are currently no comparable homes to 268 Old Mill Road.
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