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Worcester
40 Macarthur Dr
$440,000
● House - Off Market

40 Macarthur Dr

Millbury, MA 01527
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,680 Ft²
$681,973
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

Looking for a year round water front home? This 3 bedroom, 2 1/2 bath Cape with a 6 foot wide front porch is located on Dorothy Pond in Millbury, just minutes to major routes and Worcester. Now you can vacation at home with a dock and swim raft right in your back yard. Hardwood floors throughout the first and second floor. Tile bathrooms on the first and second floor, and a half bath in the walkout basement so guests coming in from the water don't have to track wet feet through the house. A large deck overlooks a nice sized backyard with a perfect view of the water, a great place for morning coffee or dinner at the end of a day. A storage shed in the back can store your water toys and fishing equipment. They say living near water reduces your stress level. Come start your waterfront living today!
Unit Size
1,680 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$268
Property Type
House
Property Taxes
$447
HOA Dues
-
Year Built
1993

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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 #72324189)

Price History

Date / Event Date Event Price
Jun 8, 2018 Sold
Premium
Sold
May 10, 2018 Listed by Berkshire Hathaway HomeServices N.E. Prime Properties $449,900
Listed by Berkshire Hathaway HomeServices N.E. Prime Properties
Jan 31, 2017 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • 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: 13,200
  • Total Building Area: 1,547
  • Gross Building Area: 3,126
  • Building Area: 1,547
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,547
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000303
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Millbury School District
  • School Tax School District: MILLBURY SD
  • Census Tract: 737300

Geography

  • Parcel: MILB M:016 B:0000155 L:
  • Block: 155
  • Municipality: MILLBURY
  • Latitude: 42.2169
  • Longitude: -71.7463

    Address

  • Full Address: 40 Macarthur Dr
  • Address - House Number: 40
  • Address - Street Name: Macarthur
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Millbury
  • Carrier Code: C004
  • 4-Digit Zip Code: 3547
  • Zip Code: 01527

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $706,400

    Appraisal Valuation

  • Standard Deviation: 0.1591
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 639,200
  • High Value: 740,934
  • Low Value: 537,467

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $488,824
  • Assessed Land Value: $169,224
  • Assessed Improvements Value: $319,600

    Sales

  • Current Sale Recording Date: Jun 08, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 56062
  • Previous Sale Recording Date: Jan 31, 2017
  • Previous Sale Amount: $379,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: UNK
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

2390 ft²

Average Home Age

63.8 years

Currently For Sale

2100 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# 72324189

Frequently Asked Questions

When was property at 40 Macarthur Drive built and last sold?
The property at 40 Macarthur Drive was built in 1993 and last sold on Jan 1, 1970 for $440,000.
How much is this home worth?
The estimated value of the home located at 40 Macarthur Drive is $455,608.
What are some comparable homes to 40 Macarthur Drive?
There are currently no comparable homes to 40 Macarthur Drive.
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