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Worcester
351 Ayer Rd
$291,000
● House - Off Market

351 Ayer Rd

Harvard, MA 01451
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
827 Ft²
$420,297
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Opportunity for Cash Buyers (property will not qualify for financing in current condition).   Endless possibilities. Property includes a ranch style home on 2.1 acres of land with a large heated detached garage with workshop that is separately metered from the home.  The upstairs of garage could be easily finished as the space above  has high ceilings and  a bay window. Home has new roof and is weather tight but it does need a heavy and complete rehab.  It has a recently failed three bedroom title V.  Property is being sold as is along with any remaining personal property.   First showings at open house Saturday 12/5 from 1-2PM.
Unit Size
827 Ft²
Days on Market
-
Land Size
2.10 acres
Price per sqft
$387
Property Type
House
Property Taxes
$514
HOA Dues
-
Year Built
1940

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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 #72762058)

Price History

Date / Event Date Event Price
Dec 23, 2020 Sold
Premium
Sold
Nov 30, 2020 Listed by Team Realty $319,900
Listed by Team Realty

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 91,476
  • Total Building Area: 827
  • Gross Building Area: 2,448
  • Building Area: 827
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 827
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002100
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Harvard School District
  • School Tax School District: HARVARD SD
  • Census Tract: 761402

Geography

  • Account Number: 1250020000500000
  • District: 125
  • Parcel: HARV M:2 B:5
  • Block: 5
  • Municipality: HARVARD
  • Latitude: 42.5466
  • Longitude: -71.5725

    Address

  • Full Address: 351 Ayer Rd
  • Address - House Number: 351
  • Address - Street Name: Ayer
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Harvard
  • Carrier Code: R001
  • 4-Digit Zip Code: 1112
  • Zip Code: 01451

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $603,900

    Appraisal Valuation

  • Standard Deviation: 0.1756
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 478,887
  • High Value: 563,011
  • Low Value: 394,763

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $405,300
  • Assessed Land Value: $237,700
  • Assessed Improvements Value: $167,600

    Sales

  • Current Sale Contract Date: Dec 21, 2020
  • Current Sale Recording Date: Dec 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 160975
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

2423 ft²

Average Home Age

63.4 years

Currently For Sale

1927 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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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 72762058

Frequently Asked Questions

When was property at 351 Ayer Road built and last sold?
The property at 351 Ayer Road was built in 1940 and last sold on Dec 21, 2020 for $291,000.
How much is this home worth?
The estimated value of the home located at 351 Ayer Road is $0.
What are some comparable homes to 351 Ayer Road?
There are currently no comparable homes to 351 Ayer Road.
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