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Worcester
40 Rockaway Rd
$250,000
● House - Off Market

40 Rockaway Rd

Auburn, MA 01501
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,782 Ft²
$242,614
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Fixer-upper perfect for contractor/investor or first-time buyer who's not afraid to roll up his sleeves and get to work! House has new roof in 2020 but otherwise has had very little updating. Kitchen and bath updates are from the 1980's. The heating system has been well maintained and all utilities are on and working. Property is being sold "as-is" with home inspection to be done for information purposes only.
Unit Size
1,782 Ft²
Days on Market
-
Land Size
0.80 acres
Price per sqft
$129
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
1940

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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 #73030393)

Price History

Date / Event Date Event Price
Nov 22, 2022 Sold
Premium
Sold
Sep 20, 2022 In contract -
In contract
Aug 29, 2022 Listed by Apex Appraisal Services $229,900
Listed by Apex Appraisal Services

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 2
  • 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: 34,640
  • Total Building Area: 1,740
  • Gross Building Area: 3,091
  • Building Area: 1,740
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,740
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000795
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Auburn School District
  • School Tax School District: AUBURN SD
  • Census Tract: 736300

Geography

  • Account Number: 529
  • District: 17
  • Parcel: AUBU M:0005 L:0111
  • Lot: 111
  • Municipality: AUBURN
  • Latitude: 42.2245
  • Longitude: -71.8293

    Address

  • Full Address: 40 Rockaway Rd
  • Address - House Number: 40
  • Address - Street Name: Rockaway
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Auburn
  • Carrier Code: C001
  • 4-Digit Zip Code: 2124
  • Zip Code: 01501

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $388,200

    Appraisal Valuation

  • Standard Deviation: 0.2052
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 72
  • Final Value: 358,775
  • High Value: 432,414
  • Low Value: 285,137

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $260,000
  • Assessed Land Value: $111,600
  • Assessed Improvements Value: $148,400

    Sales

  • Current Sale Contract Date: Nov 22, 2022
  • Current Sale Recording Date: Nov 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 125325

    Financing

  • First Mortgage Financing Type: ADJ
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

2386 ft²

Average Home Age

63.5 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73030393

Frequently Asked Questions

When was property at 40 Rockaway Road built and last sold?
The property at 40 Rockaway Road was built in 1940 and last sold on Nov 22, 2022 for $250,000.
How much is this home worth?
The estimated value of the home located at 40 Rockaway Road is $246,204.
What are some comparable homes to 40 Rockaway Road?
There are currently no comparable homes to 40 Rockaway Road.
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