38 Ray St #2
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 16, 2019 | Sold | ||
| Sold | |||
| May 4, 2019 | Listed by 1 Worcester Homes | $154,900 | |
| Listed by 1 Worcester Homes | |||
| May 23, 2017 | Sold | ||
| Sold | |||
| Mar 27, 2017 | Listed by Orbit Realty | $139,900 | |
| Listed by Orbit Realty | |||
| | |||
|
Stylish 2 Bedroom Town House style Condo with 2 full Bathrooms. Laundry on first floor. Beautiful hardwood floors throughout. So many great details in this home like, Coffee Bar, Liquor Bar, Built in Book Case Nook, Shoe Closet! They updated, now you can enjoy it. In a small 3 condo association. Has own Garage, with storage loft. This property is near the New Elementary School and St. Joseph's School. Two playgrounds in this Family friendly neighborhood. Condo fee $250 includes the heating cost, great way to budget your heating expense. Also includes landscaping, trash removal, master insurance, and exterior maintenance. Close to East Main St businesses, Price chopper, Planet Fitness, etc. About a mile to 395 great for commuting to work . Only one hour to Boston, Hartford, Providence. less than 20 minutes to Worcester.
| |||
| Jul 30, 2014 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/25/2024
|
2 Bed
|
1 Bath
|
1195 ft²
|
$219,900
2 Bed
1 Bath
1195 ft²
|
$205,000
-6.78%
08/08/2024
|
Laurie Sullivan
Hope Real Estate Group, Inc.
| |
|
09/16/2019
|
2 Bed
|
1 Bath
|
1195 ft²
|
$145,000
2 Bed
1 Bath
1195 ft²
|
$144,000
-0.69%
03/27/2020
|
Debra Rivera
1 Worcester Homes
| |
|
05/04/2019
|
2 Bed
|
2 Bath
|
1299 ft²
|
$154,900
2 Bed
2 Bath
1299 ft²
|
$150,900
-2.58%
08/16/2019
|
Shiloh Therrien
1 Worcester Homes
| |
|
07/30/2017
| |
2 Bed
|
1 Bath
|
1298 ft²
|
-
2 Bed
1 Bath
1298 ft²
|
-
-
|
-
|
|
05/26/2017
|
2 Bed
|
1 Bath
|
1298 ft²
|
$124,999
2 Bed
1 Bath
1298 ft²
|
$120,000
-4.00%
09/05/2017
|
Nichoel Doktor
Keller Williams Realty Greater Worcester
| |
|
03/27/2017
|
2 Bed
|
2 Bath
|
1299 ft²
|
$139,900
2 Bed
2 Bath
1299 ft²
|
$134,900
-3.57%
05/23/2017
|
Shiloh Therrien
Orbit Realty
| |
|
11/01/2013
|
2 Bed
|
2 Bath
|
1299 ft²
|
$124,900
2 Bed
2 Bath
1299 ft²
|
$123,700
-0.96%
07/30/2014
|
Sabrina Kelsey
Wachusett Real Estate
| |
|
08/01/2007
|
3 Bed
|
2 Bath
|
1164 ft²
|
$139,900
3 Bed
2 Bath
1164 ft²
|
$139,900
02/11/2008
|
Jane Becker
Keller Williams - Worcester
| |
|
01/16/2007
|
2 Bed
|
1 Bath
|
1315 ft²
|
$166,900
2 Bed
1 Bath
1315 ft²
|
$156,000
-6.53%
02/11/2008
|
Scott Kunkel
Trust Better Homes
| |
|
10/18/2006
| |
6 Bed
|
4 Bath
|
4103 ft²
|
$360,000
6 Bed
4 Bath
4103 ft²
|
$339,000
-5.83%
12/21/2006
|
Scott Kunkel
Trust Better Homes
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017