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Worcester 01534
281 School St
$249,000
● House - Off Market

281 School St

Northbridge, MA 01534
bedrooms
2 Beds
bathrooms
1 Bath
square feet
887 Ft²
$351,910
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model

About This Property

GREAT HOME FOR JUST STARTING OUT OR TIME TO SCALE DOWN...Charming,cozy and homey   little ranch mix  of older home charm with   updated kitchen and bath.   "Energy Features"   forced hot water base board, efficient gas boiler, tank less on demand hot water, circuit breakers with  Generac back up generator,  replacement  thermopane windows, architectural asphalt roof singles, hardwood floors, traditional pickwick  tongue and groove knotty pine paneling. large back yard, kids to play nice area for  "a fire pit" or a nice flower and or veggie garden....detached two car garage, electricity, two doors with separate openers and storage above...
Unit Size
887 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$281
Property Type
House
Property Taxes
$225
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 #72633699)

Price History

Date / Event Date Event Price
May 15, 2020 Sold
Premium
Sold
Mar 14, 2020 Listed by Country Road Realty $249,000
Listed by Country Road Realty
Feb 28, 2020 Sold
Premium
Sold
Jul 26, 2002 Sold
Premium
Sold
Apr 16, 2002 Listed by DeVries Dolber Realty, LLC $179,900
Listed by DeVries Dolber Realty, LLC
GREAT STARTER HOME. WALK-OUT BASEMENT WITH MASTER BEDROOM & LARGE WALK-IN CLOSET. CONVENIENTLY LOCATED TO I-495, RTE. 122 AND 146. DETACHED 2-CAR GARAGE. NO SHOWINGS UNTIL APRIL 20, 2002.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • 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: 11
  • 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: 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: 21,111
  • Total Building Area: 887
  • Gross Building Area: 1,584
  • Building Area: 887
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 887
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000485
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Northbridge School District
  • Census Tract: 750300

Geography

  • Parcel: NBRI M:0022A B:00052
  • Block: 52
  • Municipality: NORTHBRIDGE
  • Latitude: 42.1519
  • Longitude: -71.6424

    Address

  • Full Address: 281 School St
  • Address - House Number: 281
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: MA
  • City Name: Northbridge
  • Carrier Code: R003
  • 4-Digit Zip Code: 1218
  • Zip Code: 01534

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $373,500

    Appraisal Valuation

  • Standard Deviation: 0.2042
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 361,890
  • High Value: 435,807
  • Low Value: 287,973

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $288,200
  • Assessed Land Value: $129,200
  • Assessed Improvements Value: $159,000

    Sales

  • Current Sale Contract Date: May 08, 2020
  • Current Sale Recording Date: May 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 49760
  • Previous Sale Recording Date: Feb 28, 2020
  • Previous Sale Contract Date: Nov 29, 2019
  • Previous Sale Amount: $106,750
  • Previous Sale Document Type: 55
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

2429 ft²

Average Home Age

62.8 years

Currently For Sale

1936 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# 72633699

Frequently Asked Questions

When was property at 281 School Street built and last sold?
The property at 281 School Street was built in 1948 and last sold on May 8, 2020 for $249,000.
How much is this home worth?
The estimated value of the home located at 281 School Street is $252,390.
What are some comparable homes to 281 School Street?
There are currently no comparable homes to 281 School Street.
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