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Worcester 01581
46 Old Colony Dr
$451,000
● House - Off Market

46 Old Colony Dr

Westborough, MA 01581
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,980 Ft²
$625,333
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Welcome to the best location in town.  At the end of a tree-lined cul-de-sac.  Walk to town and great views from the large deck.  This center-entrance Colonial is just waiting for the next owner's personality.  Owner replaced the roof in 2003 with 40 year shingles.  In this 4 bedroom home you'll find 3 bathrooms, central vacuum, 2 fireplaces, 2 bow windows, 2 car garage, shiny hardwood floors, Harvey windows and composite deck. Priced well below assessment so act soon.
Unit Size
1,980 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$228
Property Type
House
Property Taxes
$767
HOA Dues
-
Year Built
1970

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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: 6 months ago (MLSPIN #72673782)

Price History

Date / Event Date Event Price
Jul 31, 2020 Sold
Premium
Sold
Jun 12, 2020 Listed by Suburban West Realty $451,000
Listed by Suburban West Realty
Sep 14, 1995 Sold
Premium
Sold
Jun 29, 1995 Listed by Suburban West Realty $236,500
Listed by Suburban West Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 7
  • Basement Area: 972
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,002
  • Total Building Area: 1,980
  • Gross Building Area: 3,744
  • Building Area: 1,980
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,980
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Westborough School District
  • School Tax School District: WESTBOROUGH SD
  • Census Tract: 742401

Zoning

  • Zoning: R

Geography

  • Parcel: WBOR M:0015 B:000054 L:0
  • Block: 54
  • Municipality: WESTBOROUGH
  • Latitude: 42.2515
  • Longitude: -71.6238

    Address

  • Full Address: 46 Old Colony Dr
  • Address - House Number: 46
  • Address - Street Name: Old Colony
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Westborough
  • Carrier Code: R003
  • 4-Digit Zip Code: 3403
  • Zip Code: 01581

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $962,800

    Appraisal Valuation

  • Standard Deviation: 0.1795
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 673,158
  • High Value: 794,004
  • Low Value: 552,313

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $586,700
  • Assessed Land Value: $294,800
  • Assessed Improvements Value: $291,900

    Sales

  • Current Sale Contract Date: Jul 27, 2020
  • Current Sale Recording Date: Jul 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 84418
  • Previous Sale Recording Date: Sep 14, 1995
  • Previous Sale Amount: $229,000
  • 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

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2384 ft²

Average Home Age

65.6 years

Currently For Sale

1965 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: 6 months ago
Data Source: MLS PIN, MLS# 72673782

Frequently Asked Questions

When was property at 46 Old Colony Drive built and last sold?
The property at 46 Old Colony Drive was built in 1970 and last sold on Jul 27, 2020 for $451,000.
How much is this home worth?
The estimated value of the home located at 46 Old Colony Drive is $449,884.
What are some comparable homes to 46 Old Colony Drive?
There are currently no comparable homes to 46 Old Colony Drive.
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