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Cordaville 01772
31 Richards Road
$566,000
● House - Off Market

31 Richards Road

Southborough, MA 01772
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,548 Ft²
$506,751
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Excellent Opportunity for this OVERSIZED 60 Foot Contemporary Raised Ranch with Cathedral Ceilings, Skylights,  Hardwood Floors, 3 Full Baths, 2 Car Garage,  Spacious Master Suite w/Full Bath & Walk-in Closet. Fully Finished Basement and Larged Fenced in Yard. Great Commuter Location within Walking Distance to Commuter Rail, and Easy Access to Highways. Property Being Sold As-Is, Some Renovations Required.
Unit Size
2,548 Ft²
Days on Market
-
Land Size
0.71 acres
Price per sqft
$196
Property Type
House
Property Taxes
$655
HOA Dues
-
Year Built
1977

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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 #72913464)

Price History

Date / Event Date Event Price
Apr 4, 2022 Sold
Premium
Sold
Oct 27, 2021 Listed by William Raveis R.E. & Home Services $499,900
Listed by William Raveis R.E. & Home Services
Jul 26, 2005 Sold
Premium
Sold
May 25, 2005 Listed by William Raveis R.E. & Home Services $497,000
Listed by William Raveis R.E. & Home Services
Jul 1, 1994 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,424
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,928
  • Total Building Area: 1,528
  • Gross Building Area: 3,468
  • Building Area: 1,528
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,528
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000710
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Southborough School District
  • Census Tract: 741102

Zoning

  • Zoning: RB

Geography

  • Account Number: F_649049_2925205
  • Parcel: SBOR M:008.0 B:0000 L:0106.0
  • Lot: 106.0
  • Municipality: SOUTHBOROUGH
  • Latitude: 42.2748
  • Longitude: -71.5263

    Address

  • Full Address: 31 Richards Rd
  • Address - House Number: 31
  • Address - Street Name: Richards
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Southborough
  • Carrier Code: R002
  • 4-Digit Zip Code: 1993
  • Zip Code: 01772

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $865,100

    Appraisal Valuation

  • Standard Deviation: 0.1765
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 664,214
  • High Value: 781,485
  • Low Value: 546,943

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $586,100
  • Assessed Land Value: $255,600
  • Assessed Improvements Value: $330,500

    Sales

  • Current Sale Contract Date: Apr 04, 2022
  • Current Sale Recording Date: Apr 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 37229
  • Previous Sale Recording Date: Jul 26, 2005
  • Previous Sale Amount: $491,000
  • 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 Cordaville

Stats & Trends

Median Asking:

$807,374

Sale Price/ft²

$355

Below Asking

0.02%

Average Days on Market

65

Average Home Size

2952 ft²

Average Home Age

48.9 years

Currently For Sale

12 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# 72913464

Frequently Asked Questions

When was property at 31 Richards Road built and last sold?
The property at 31 Richards Road was built in 1977 and last sold on Apr 4, 2022 for $566,000.
How much is this home worth?
The estimated value of the home located at 31 Richards Road is $527,950.
What are some comparable homes to 31 Richards Road?
There are currently no comparable homes to 31 Richards Road.
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