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Worcester 01462
281 W Townsend Rd
$355,000
● House - Off Market

281 W Townsend Rd

Lunenburg, MA 01462
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,652 Ft²
$595,574
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

This Beautiful Cape Sits on over 6-1/2 Acres in a Much Desired Lunenburg Location. Open Concept Living/Dining Room Combination with Ceiling Fans and Recessed Lighting. Large Deck off of The Kitchen With Sliders For Easy Access! First Floor Master Bedroom and Master Bath! The Open Staircase Leads To The Balcony Which Features 2 More Bedrooms and a Full Bath on the Second Level!  Large 2 Car Garage With Plenty Of Storage And Door Remote! Additional Storage in Back Yard Shed, The Gentle Sloping Yard Features An Above Ground Swimming Pool!
Unit Size
1,652 Ft²
Days on Market
-
Land Size
6.65 acres
Price per sqft
$226
Property Type
House
Property Taxes
$449
HOA Dues
-
Year Built
1988

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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 #72163732)

Price History

Date / Event Date Event Price
Sep 1, 2017 Sold
Premium
Sold
May 12, 2017 Listed by EXIT New Options Real Estate $374,000
Listed by EXIT New Options Real Estate
Apr 16, 2010 Sold
Premium
Sold
Oct 30, 2009 Listed by EXIT New Options Real Estate $360,000
Listed by EXIT New Options Real Estate

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • 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: 2
  • Basement Area: 1,148
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 289,698
  • Total Building Area: 1,652
  • Gross Building Area: 3,112
  • Building Area: 1,652
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,652
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000006651
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lunenburg School District
  • School Tax School District: LUNENBURG SD
  • Census Tract: 712101

Zoning

  • Zoning: O

Geography

  • Account Number: 1620200001200000
  • Parcel: LUNE M:020.0 B:0012 L:0000.0
  • Block: 12
  • Municipality: LUNENBURG
  • Latitude: 42.6208
  • Longitude: -71.748

    Address

  • Full Address: 281 W Townsend Rd
  • Address - House Number: 281
  • Street Direction: W
  • Address - Street Name: Townsend
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lunenburg
  • Carrier Code: R003
  • 4-Digit Zip Code: 1709
  • Zip Code: 01462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $633,900

    Appraisal Valuation

  • Standard Deviation: 0.1614
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 543,638
  • High Value: 631,402
  • Low Value: 455,874

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $433,600
  • Assessed Land Value: $141,300
  • Assessed Improvements Value: $292,300

    Sales

  • Current Sale Recording Date: Sep 01, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15717
  • Previous Sale Recording Date: Apr 16, 2010
  • Previous Sale Amount: $277,500
  • Previous Sale Document Type: 27
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

63.9 years

Currently For Sale

2061 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# 72163732

Frequently Asked Questions

When was property at 281 West Townsend Road built and last sold?
The property at 281 West Townsend Road was built in 1988 and last sold on Jan 1, 1970 for $355,000.
How much is this home worth?
The estimated value of the home located at 281 West Townsend Road is $378,326.
What are some comparable homes to 281 West Townsend Road?
There are currently no comparable homes to 281 West Townsend Road.
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