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Rutland 01543
4 Newman Drive
$294,900
● House - Off Market

4 Newman Drive

Rutland, MA 01543
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,674 Ft²
$524,473
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model

About This Property

Looking for a spacious home with a spacious floor plan set in a commuter friendly neighborhood?  This is it!  Not your typical this 3BR Cape features spacious rooms - Kitchen with granite countersm hardwoods and eating area, Dining Room with hardwoods and fireplace, sunken Family Room with wood-stove, cathedral ceiling and sliders to fenced in yard complete with octagonal in-ground pool and pool house.  You'll find a first floor laundry, Living Room, finished walk out Lower Level and access to office.  Updates include recent hardwoods, updated baths, freshly painted interior, young roof, updated Budereus furnace and hot water tank 5 yrs, roof 7 yrs.  All set in established neighborhood on fenced in yard with 2-car attached garage.  Welcome Home!
Unit Size
2,674 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$118
Property Type
House
Property Taxes
$419
HOA Dues
-
Year Built
1973

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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 #72084632)

Price History

Date / Event Date Event Price
Nov 9, 2020 Sold
Premium
Sold
Feb 6, 2017 Sold
Premium
Sold
Oct 21, 2016 Listed by Gibbs Realty Inc. $314,900
Listed by Gibbs Realty Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 12,632
  • Total Building Area: 2,568
  • Gross Building Area: 4,960
  • Building Area: 2,568
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,568
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wachusett School District
  • Census Tract: 721104

Geography

  • Parcel: RUTL M:41-C B:H L:11
  • Block: H
  • Lot: 11
  • Municipality: RUTLAND
  • Latitude: 42.3696
  • Longitude: -71.938

    Address

  • Full Address: 4 Newman Dr
  • Address - House Number: 4
  • Address - Street Name: Newman
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Rutland
  • Carrier Code: R002
  • 4-Digit Zip Code: 1715
  • Zip Code: 01543

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $586,100

    Appraisal Valuation

  • Standard Deviation: 0.1641
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 525,735
  • High Value: 612,035
  • Low Value: 439,435

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $427,200
  • Assessed Land Value: $80,800
  • Assessed Improvements Value: $346,400

    Sales

  • Current Sale Contract Date: Nov 02, 2020
  • Current Sale Recording Date: Nov 09, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 136238
  • Previous Sale Recording Date: Feb 06, 2017
  • Previous Sale Amount: $294,900
  • 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 Rutland

Stats & Trends

Median Asking:

$449,900

Sale Price/ft²

$265

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1605 ft²

Average Home Age

33.3 years

Currently For Sale

14 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# 72084632

Frequently Asked Questions

When was property at 4 Newman Drive built and last sold?
The property at 4 Newman Drive was built in 1973 and last sold on Nov 2, 2020 for $285,000.
How much is this home worth?
The estimated value of the home located at 4 Newman Drive is $350,424.
What are some comparable homes to 4 Newman Drive?
There are currently no comparable homes to 4 Newman Drive.
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