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Marlborough 01752
481 Elm St
$440,000
● House - Off Market

481 Elm St

Marlborough, MA 01752
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,100 Ft²
$641,719
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Pride of ownership throughout! Featuring a beautiful merger of new amenities & striking original features. This 5 bedroom home with 2 car attached garage sits on 1.23 acres of majestic land, with professional landscaping, that formerly stabled horses. Plenty of space to entertain on the back patio built in 2019. Brand new kitchen remodel with farmhouse sink and quartz countertops finished in March 2020. New electric heat installed in bedrooms 4 & 5. Exterior was stripped and painted in July 2020. You will love the sizable rooms filled with architectural character, the handsome hardwood and wide pine floors and the 4 fireplaces. This beautiful home is also minutes from the highway. Move right in!
Unit Size
2,100 Ft²
Days on Market
-
Land Size
1.23 acres
Price per sqft
$229
Property Type
House
Property Taxes
$394
HOA Dues
-
Year Built
1860

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72704878)

Price History

Date / Event Date Event Price
Feb 19, 2021 Sold
Premium
Sold
Dec 2, 2020 Listed by Solomon Real Estate $425,000
Listed by Solomon Real Estate
Oct 9, 2020 Sold
Premium
Sold
Aug 5, 2020 Listed by Solomon Real Estate $479,900
Listed by Solomon Real Estate
Jul 17, 2014 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1860
  • Effective Year Built: 1860
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,242
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,556
  • Total Building Area: 2,090
  • Gross Building Area: 5,422
  • Building Area: 2,090
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,090
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000426
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Marlborough School District
  • School Tax School District: MARLBOROUGH SD
  • Census Tract: 321400

Geography

  • Account Number: 623123
  • Parcel: MARL M:067 B:004 L:000
  • Block: 4
  • Municipality: MARLBOROUGH
  • Latitude: 42.3476
  • Longitude: -71.5788

    Address

  • Full Address: 481 Elm St
  • Address - House Number: 481
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marlborough
  • Carrier Code: C011
  • 4-Digit Zip Code: 1802
  • Zip Code: 01752

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $571,400

    Appraisal Valuation

  • Standard Deviation: 0.2426
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 593,027
  • High Value: 736,904
  • Low Value: 449,149

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $558,000
  • Assessed Land Value: $196,300
  • Assessed Improvements Value: $361,700

    Sales

  • Current Sale Contract Date: Feb 09, 2021
  • Current Sale Recording Date: Feb 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 37741
  • Previous Sale Recording Date: Oct 09, 2020
  • Previous Sale Contract Date: Oct 06, 2020
  • Previous Sale Amount: $440,000
  • 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 Marlborough

Stats & Trends

Median Asking:

$575,000

Sale Price/ft²

$314

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1942 ft²

Average Home Age

59.1 years

Currently For Sale

64 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# 72704878

Frequently Asked Questions

When was property at 481 Elm Street built and last sold?
The property at 481 Elm Street was built in 1860 and last sold on Feb 9, 2021 for $422,500.
How much is this home worth?
The estimated value of the home located at 481 Elm Street is $442,682.
What are some comparable homes to 481 Elm Street?
There are currently no comparable homes to 481 Elm Street.
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