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Worcester 01083
308 Reed Street
$104,000
● House - Off Market

308 Reed Street

Warren, MA 01083
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,056 Ft²
$285,295
RealtyHop Estimate
171.97%
Since Jul 1, 2001
National-US
Primary Model

About This Property

YOUNG RANCH ON COUNTRY ROAD NEAR TOWN CENTER.LARGE BACK YARD FOR PETS,ETC.VEG. GARDEN AREA.LARGE DECK/WALK OUT BASEMENT.PART FINISHED BASEMENT.WOOD STOVE CONNECT-HOT AIR DUCT WORK.CATHEDRAL CEIL. IN LR/KITCH/DR.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
1.04 acres
Price per sqft
$99
Property Type
House
Property Taxes
$119
HOA Dues
-
Year Built
1987

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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 years ago (MLSPIN #30445380)

Price History

Date / Event Date Event Price
Dec 23, 2021 Sold
Premium
Sold
Sep 11, 2021 Listed by W. H. King Realty & Assoc. $249,900
Listed by W. H. King Realty & Assoc.
Jun 29, 2001 Sold
Premium
Sold
Sep 15, 2000 Listed by W. H. King Realty & Assoc. $104,900
Listed by W. H. King Realty & Assoc.
Dec 2, 1994 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • 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: 7
  • Basement Area: 1,056
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,610
  • Total Building Area: 1,056
  • Gross Building Area: 2,304
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001047
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Quaboag Regional School District
  • Census Tract: 761100

Zoning

  • Zoning: RUR

Geography

  • Parcel: WARR M:0006 B:0000 L:62
  • Lot: 62
  • Municipality: WARREN
  • Latitude: 42.2033
  • Longitude: -72.2106

    Address

  • Full Address: 308 Reed St
  • Address - House Number: 308
  • Address - Street Name: Reed
  • Address - Suffix Type: St
  • State: MA
  • City Name: Warren
  • Carrier Code: R777
  • 4-Digit Zip Code: 7964
  • Zip Code: 01083

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $372,200

    Appraisal Valuation

  • Standard Deviation: 0.1997
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 292,690
  • High Value: 351,145
  • Low Value: 234,234

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $235,600
  • Assessed Land Value: $52,700
  • Assessed Improvements Value: $182,900

    Sales

  • Current Sale Contract Date: Dec 23, 2021
  • Current Sale Recording Date: Dec 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 179698
  • Previous Sale Recording Date: Jun 29, 2001
  • Previous Sale Amount: $104,000
  • 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

2403 ft²

Average Home Age

63.3 years

Currently For Sale

2008 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 years ago
Data Source: MLS PIN, MLS# 30445380

Frequently Asked Questions

When was property at 308 Reed Street built and last sold?
The property at 308 Reed Street was built in 1987 and last sold on Dec 23, 2021 for $248,000.
How much is this home worth?
The estimated value of the home located at 308 Reed Street is $0.
What are some comparable homes to 308 Reed Street?
There are currently no comparable homes to 308 Reed Street.
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