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Worcester 01083
485 Reed St
$332,000
● House - Off Market

485 Reed St

Warren, MA 01083
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,517 Ft²
$459,712
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Not your typical ranch has many upgrades to make it special.  Farmers porch for resting after a long day and waving to the neighbors.  This home has many handicap features if you need them or are planning for the future.  Extra large basement ready for your vision to finish and a large open floor plan that makes it easy to accommodate any size crowd.  Oversized two car garage set up for the hobbyist with attic space above.  This home is ready for a new family to make it home, call today for your private viewing.
Unit Size
1,517 Ft²
Days on Market
-
Land Size
2.88 acres
Price per sqft
$231
Property Type
House
Property Taxes
$376
HOA Dues
-
Year Built
2005

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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 years ago (MLSPIN #72745581)

Price History

Date / Event Date Event Price
Dec 14, 2020 Sold
Premium
Sold
Oct 20, 2020 Listed by Century 21 North East $349,900
Listed by Century 21 North East

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,517
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 125,303
  • Total Building Area: 1,517
  • Gross Building Area: 4,062
  • Building Area: 1,517
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,517
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002877
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Quaboag Regional School District
  • Census Tract: 761100

Zoning

  • Zoning: RUR

Geography

  • Parcel: WARR M:0006 B:0000 L:72-2
  • Lot: 72-2
  • Municipality: WARREN
  • Latitude: 42.2017
  • Longitude: -72.2136

    Address

  • Full Address: 485 Reed St
  • Address - House Number: 485
  • Address - Street Name: Reed
  • Address - Suffix Type: St
  • State: MA
  • City Name: Warren
  • Carrier Code: R777
  • 4-Digit Zip Code: 1220
  • Zip Code: 01083

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $549,700

    Appraisal Valuation

  • Standard Deviation: 0.1624
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 428,226
  • High Value: 497,776
  • Low Value: 358,677

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $347,900
  • Assessed Land Value: $64,700
  • Assessed Improvements Value: $283,200

    Sales

  • Current Sale Contract Date: Dec 08, 2020
  • Current Sale Recording Date: Dec 14, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 155272
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

2401 ft²

Average Home Age

63.3 years

Currently For Sale

2000 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72745581

Frequently Asked Questions

When was property at 485 Reed Street built and last sold?
The property at 485 Reed Street was built in 2005 and last sold on Dec 8, 2020 for $332,000.
How much is this home worth?
The estimated value of the home located at 485 Reed Street is $0.
What are some comparable homes to 485 Reed Street?
There are currently no comparable homes to 485 Reed Street.
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