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Worcester
38 Madigan Ln
$606,520
● House - Off Market

38 Madigan Ln

Harvard, MA 01451
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,782 Ft²
$1,127,675
RealtyHop Estimate
77.59%
Since Aug 1, 2015
National-US
Primary Model

About This Property

Hidden contemporary colonial home in very desirable area on Prospect Hill.  This three level, 2,756 square foot home features 4 bedrooms and 3.5 baths.  A 3 room au pair suite of an additional 996 square feet on the lower level can be used as part of the home or easily as a home office.  New kitchen with granite counter tops and new appliances.   A huge bonus for this home is a solar panel array that produces approximately 8,000 kWh of free electricity annually.              Showings begin at OH on Sunday, May 17  1-3PM
Unit Size
2,782 Ft²
Days on Market
-
Land Size
3.28 acres
Price per sqft
$228
Property Type
House
Property Taxes
$780
HOA Dues
-
Year Built
1975

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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 #71835190)

Price History

Date / Event Date Event Price
Jul 14, 2015 Sold
Premium
Sold
May 12, 2015 Listed by Harvard Realty $635,000
Listed by Harvard Realty
Oct 20, 2000 Sold
Premium
Sold
Jun 21, 2000 Listed by Harvard Realty $539,000
Listed by Harvard Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • 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: 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: 142,877
  • Total Building Area: 2,795
  • Gross Building Area: 4,577
  • Building Area: 2,795
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,795
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003280
  • 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: 761401

Geography

  • Account Number: 1250160000600000
  • District: 125
  • Parcel: HARV M:16 B:6
  • Block: 6
  • Municipality: HARVARD
  • Latitude: 42.5026
  • Longitude: -71.608

    Address

  • Full Address: 38 Madigan Ln
  • Address - House Number: 38
  • Address - Street Name: Madigan
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Harvard
  • Carrier Code: R003
  • 4-Digit Zip Code: 1305
  • Zip Code: 01451

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,416,700

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 1,041,154
  • High Value: 1,203,711
  • Low Value: 878,597

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $950,800
  • Assessed Land Value: $332,500
  • Assessed Improvements Value: $618,300

    Sales

  • Current Sale Recording Date: Jul 14, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 69308
  • Previous Sale Recording Date: Oct 20, 2000
  • Previous Sale Amount: $504,000
  • 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

58

Average Home Size

2390 ft²

Average Home Age

63.6 years

Currently For Sale

2084 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# 71835190

Frequently Asked Questions

When was property at 38 Madigan Lane built and last sold?
The property at 38 Madigan Lane was built in 1975 and last sold on Jan 1, 1970 for $606,250.
How much is this home worth?
The estimated value of the home located at 38 Madigan Lane is $638,639.
What are some comparable homes to 38 Madigan Lane?
There are currently no comparable homes to 38 Madigan Lane.
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