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Worcester 01543
3 Nicholas Way
$230,000
● House - Off Market

3 Nicholas Way

Rutland, MA 01543
bedrooms
2 Beds
bathrooms
1 Bath
square feet
912 Ft²
$237,696
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Why rent when you can own?  Welcome to this cute 2 Bedroom ranch with large family room w/sliders to deck, kitchen, full bath, laundry and mud room area .  New septic (Not a tight tank) to be installed prior to close.  You are within walking distance to Turkey Hill Pond and its' private beach.  Great for swimming, boating and fishing.  This is a full recreational pond.  Many updates including Well pump 5yrs +/-.  Hot Water tank 5yrs +/-., Elec. 7yrs +/-.  Welcome Home!
Unit Size
912 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$252
Property Type
House
Property Taxes
$200
HOA Dues
-
Year Built
1925

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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 #72977116)

Price History

Date / Event Date Event Price
Aug 29, 2022 Sold
Premium
Sold
May 5, 2022 Listed by Gibbs Realty Inc. $229,900
Listed by Gibbs Realty Inc.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 5,227
  • Total Building Area: 912
  • Gross Building Area: 2,026
  • Building Area: 912
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 912
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wachusett School District
  • Census Tract: 721104

Geography

  • Parcel: RUTL M:36-B B:L L:2
  • Block: L
  • Lot: 2
  • Municipality: RUTLAND
  • Latitude: 42.3408
  • Longitude: -71.9413

    Address

  • Full Address: 3 Nicholas Way
  • Address - House Number: 3
  • Address - Street Name: Nicholas
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Rutland
  • Carrier Code: R004
  • 4-Digit Zip Code: 2164
  • Zip Code: 01543

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $220,300

    Appraisal Valuation

  • Standard Deviation: 0.1886
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 232,411
  • High Value: 276,254
  • Low Value: 188,568

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $160,600
  • Assessed Land Value: $61,100
  • Assessed Improvements Value: $99,500

    Sales

  • Current Sale Contract Date: Aug 29, 2022
  • Current Sale Recording Date: Aug 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 95058
  • Previous Sale Recording Date: Feb 24, 2009
  • 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

2400 ft²

Average Home Age

63.3 years

Currently For Sale

1988 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

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Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72977116

Frequently Asked Questions

When was property at 3 Nicholas Way built and last sold?
The property at 3 Nicholas Way was built in 1925 and last sold on Aug 29, 2022 for $230,000.
How much is this home worth?
The estimated value of the home located at 3 Nicholas Way is $234,181.
What are some comparable homes to 3 Nicholas Way?
There are currently no comparable homes to 3 Nicholas Way.
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