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Worcester 01543
37 Michael Drive
$345,000
● House - Off Market

37 Michael Drive

Rutland, MA 01543
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,728 Ft²
$536,940
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model

About This Property

Almost new (1.5 years old) colonial in private neighborhood. Job relocation necessitates the sale of this pristine property. Big kitchen with granite counters, tile flooring, 1.5 year old appliances and a breakfast area with sliders to the deck. The living room has gleaming hardwoods and a stone fireplace with a propane gas insert.  The dining room also has beautiful hardwoods, gorgeous wainscoting and a tray ceiling. The second floor has three bedrooms. The master bedroom has a master bath and a walk-in closet.  The master bath has tile flooring, granite counters and double sinks. The common full bath on the second floor also has tile flooring and granite. This property is in immaculate condition and ready for a new owner.
Unit Size
1,728 Ft²
Days on Market
-
Land Size
1.17 acres
Price per sqft
$202
Property Type
House
Property Taxes
$432
HOA Dues
-
Year Built
2016

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72281933)

Price History

Date / Event Date Event Price
Apr 27, 2018 Sold
Premium
Sold
Feb 14, 2018 Listed by Rick McPhee Real Estate $349,900
Listed by Rick McPhee Real Estate
Aug 22, 2016 Sold
Premium
Sold
Feb 10, 2016 Listed by Rick McPhee Real Estate $331,800
Listed by Rick McPhee Real Estate

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 50,965
  • Total Building Area: 1,728
  • Gross Building Area: 2,784
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001170
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wachusett School District
  • Census Tract: 721103

Geography

  • Parcel: RUTL M:63 B:A L:2.22
  • Block: A
  • Lot: 2.22
  • Municipality: RUTLAND
  • Latitude: 42.3995
  • Longitude: -71.9274

    Address

  • Full Address: 37 Michael Dr
  • Address - House Number: 37
  • Address - Street Name: Michael
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Rutland
  • Carrier Code: R005
  • 4-Digit Zip Code: 1789
  • Zip Code: 01543

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $619,200

    Appraisal Valuation

  • Standard Deviation: 0.1641
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 555,766
  • High Value: 647,020
  • Low Value: 464,513

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $451,300
  • Assessed Land Value: $112,900
  • Assessed Improvements Value: $338,400

    Sales

  • Current Sale Recording Date: Apr 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 39851
  • Previous Sale Recording Date: Aug 22, 2016
  • Previous Sale Amount: $331,800
  • 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

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72281933

Frequently Asked Questions

When was property at 37 Michael Drive built and last sold?
The property at 37 Michael Drive was built in 2016 and last sold on Jan 1, 1970 for $345,000.
How much is this home worth?
The estimated value of the home located at 37 Michael Drive is $360,400.
What are some comparable homes to 37 Michael Drive?
There are currently no comparable homes to 37 Michael Drive.
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