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Worcester
38 Ridge St
$375,000
● House - Off Market

38 Ridge St

Westminster, MA 01473
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,278 Ft²
$2,116
Est. Monthly

About This Property

WELCOME HOME to Westminster. Convenience and privacy all in one place! This single level 1400+ sq. ft. Ranch home offers plenty of parking, quick highway and amenity access, and a nice sized lot. The layout is a sprawling concept three bedrooms with hardwood floors towards one end, Kitchen and living room pass through, small dining area with a slider with access to the patio and private back yard. The large bonus room attached to the 2 car garage makes for great storage or a workshop. With 4 bedrooms and 1 bathroom on one level, and everything you need nearby, this could be a perfect starter home, easy place to retire, and a great investment opportunity. So much potential in this adorable ranch that is waiting for its new owners! Easy to show!
Unit Size
1,278 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$282
Property Type
House
Property Taxes
$348
HOA Dues
-
Year Built
1950

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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 #73169405)

Price History

Date / Event Date Event Price
Feb 29, 2024 Sold
Premium
Sold
Jan 17, 2024 In contract -
In contract
Dec 21, 2023 Price Decreased $360,000
↓ $39K (9.8%)
Price Decreased
Nov 29, 2023 Relisted $399,000
Relisted
Nov 20, 2023 In contract -
In contract
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 22,651
  • Total Building Area: 1,278
  • Gross Building Area: 4,102
  • Building Area: 1,278
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,278
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000520
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ashburnham-Westminster School District
  • School Tax School District: ASHBRNHM-WMINSR
  • Census Tract: 708100

Geography

  • Account Number: 2901
  • Parcel: WMIN M:104 B: L:42
  • Lot: 42
  • Municipality: WESTMINSTER
  • Latitude: 42.5484
  • Longitude: -71.9596

    Address

  • Full Address: 38 Ridge St
  • Address - House Number: 38
  • Address - Street Name: Ridge
  • Address - Suffix Type: St
  • State: MA
  • City Name: Westminster
  • Carrier Code: R004
  • 4-Digit Zip Code: 1320
  • Zip Code: 01473

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $417,700

    Appraisal Valuation

  • Standard Deviation: 0.0853
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 93
  • Final Value: 334,508
  • High Value: 363,059
  • Low Value: 305,958

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $319,800
  • Assessed Land Value: $109,000
  • Assessed Improvements Value: $210,800

    Sales

  • Current Sale Contract Date: Feb 29, 2024
  • Current Sale Recording Date: Feb 29, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2445
  • Previous Sale Recording Date: May 28, 2009
  • Previous Sale Amount: $135,000
  • 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:

$500,000

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2385 ft²

Average Home Age

64.5 years

Currently For Sale

2059 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# 73169405

Frequently Asked Questions

When was property at 38 Ridge Street built and last sold?
The property at 38 Ridge Street was built in 1950 and last sold on Feb 29, 2024 for $375,000.
How much is this home worth?
The estimated value of the home located at 38 Ridge Street is $346,456.
What are some comparable homes to 38 Ridge Street?
There are currently no comparable homes to 38 Ridge Street.
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