For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Worcester 01516
31 Reid
$325,500
● House - Off Market

31 Reid

Douglas, MA 01516
bedrooms
2 Beds
bathrooms
1 Bath
square feet
840 Ft²
$1,939
Est. Monthly
$13
HOA / Fees

About This Property

Enjoy lakeside living year round at Wallum Lake Terrace!  Pride of ownership shines throughout this lovingly maintained home!  Fully updated and move-in ready!  Featuring hardwood floors, a pellet stove to provide warmth and coziness in winter, while central air will keep things cool in the summer!  Relax on your oversized back deck in the fully fenced, private yard.  The optional $150 yearly association fee allows you to enjoy use of a private sandy beach, pavillion, docks and picnic area!  Outdoor enthusiasts will appreciate hiking the miles of trails in Douglas State Forest, as well as swimming, fishing and boating at the fully recreational Wallum Lake!
Unit Size
840 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$399
Property Type
House
Property Taxes
$281
HOA Dues
$13
Year Built
1967

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #73169776)

Price History

Date / Event Date Event Price
Feb 5, 2024 Sold
Premium
Sold
Dec 21, 2023 In contract -
In contract
Nov 14, 2023 Price Decreased $334,900
↓ $15K (4.3%)
Price Decreased
Nov 8, 2023 Price Increased $349,900
↑ $15K (4.5%)
Price Increased
Oct 12, 2023 Listed by Byrnes Real Estate Group LLC $334,900
Listed by Byrnes Real Estate Group LLC
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 26
  • 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: 5,001
  • Total Building Area: 840
  • Gross Building Area: 1,160
  • Building Area: 840
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 840
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Douglas School District
  • School Tax School District: DOUGLAS SD
  • Census Tract: 752102

Zoning

  • Zoning: RA

Geography

  • Account Number: 54-270
  • District: 77
  • Parcel: DOUG M:0284 B:0000197 L:
  • Block: 197
  • Municipality: DOUGLAS
  • Latitude: 42.016
  • Longitude: -71.7604

    Address

  • Full Address: 31 Reid Rd
  • Address - House Number: 31
  • Address - Street Name: Reid
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Douglas
  • Carrier Code: R003
  • 4-Digit Zip Code: 2611
  • Zip Code: 01516

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $344,900

    Appraisal Valuation

  • Standard Deviation: 0.0853
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 93
  • Final Value: 330,388
  • High Value: 358,588
  • Low Value: 302,189

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $255,100
  • Assessed Land Value: $68,000
  • Assessed Improvements Value: $187,100

    Sales

  • Current Sale Contract Date: Feb 05, 2024
  • Current Sale Recording Date: Feb 05, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8743
  • Previous Sale Recording Date: Jul 11, 2013
  • Previous Sale Amount: $149,000
  • Previous Sale Document Type: O
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

63.3 years

Currently For Sale

2000 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# 73169776

Frequently Asked Questions

When was property at 31 Reid Road built and last sold?
The property at 31 Reid Road was built in 1967 and last sold on Feb 5, 2024 for $325,500.
How much is this home worth?
The estimated value of the home located at 31 Reid Road is $326,185.
What are some comparable homes to 31 Reid Road?
There are currently no comparable homes to 31 Reid Road.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Douglas Homes for Sale
Douglas Houses for Sale
Douglas Condos for Sale
Douglas Multifamily for Sale
Douglas Land for Sale
Douglas Commercial for Sale
Douglas Homes with Basements
Douglas Homes with Pools
Nearby Cities
Webster Homes for Sale
Whitinsville Homes for Sale
Oxford Homes for Sale
Hopedale Homes for Sale
Upton Homes for Sale
East Douglas Homes for Sale
Putnam Homes for Sale
Pascoag Homes for Sale
Nearby Property Records
Providence County, RI Property Records
Windham County, CT Property Records
Worcester County, MA Property Records
Kent County, RI Property Records
Bristol County, RI Property Records
Norfolk County, MA Property Records
Tolland County, CT Property Records
Bristol County, MA Property Records
Nearby Counties
Webster Homes for Sale
Uxbridge Homes for Sale
Northbridge Homes for Sale
Oxford Homes for Sale
Charlton Homes for Sale
Dudley Homes for Sale
Sutton Homes for Sale
Upton Homes for Sale
Top Real Estate Agents
Top Agents in Douglas
Top Agents in 01757
Top Agents in Webster
Top Agents in 01570
Top Agents in Uxbridge
Top Agents in Northbridge
Top Agents in Oxford
Top Agents in Charlton