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Worcester
487 Chestnut Hill Rd
$274,900
● House - Off Market

487 Chestnut Hill Rd

Millville, MA 01529
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,478 Ft²
$472,744
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

Make your appointment now to see this pristine 3 bedroom, 1 bath ranch style home with 2 car attached garage.  Meticulously maintained!  This home features hardwood floors, cedar closets, 1st floor laundry & central air.  Eat in kitchen offers granite countertops, ceramic tile floors and oversized pantry. Full bath features radiant heat as well as granite countertops. Side yard has irrigation system. New well pump installed in 2010, new vinyl windows, water softener and water filtration. Energy efficient home every room has its own heating zone! Plus an efficient pellet stove to keep your winter heating costs down!
Unit Size
1,478 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$189
Property Type
House
Property Taxes
$300
HOA Dues
-
Year Built
1920

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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 #72001954)

Price History

Date / Event Date Event Price
Dec 29, 2021 Sold
Premium
Sold
Nov 15, 2021 Listed by Afonso Real Estate $369,900
Listed by Afonso Real Estate
Aug 4, 2016 Sold
Premium
Sold
May 9, 2016 Listed by Afonso Real Estate $279,900
Listed by Afonso Real Estate
Oct 28, 2005 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 1,478
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,286
  • Total Building Area: 1,478
  • Gross Building Area: 3,628
  • Building Area: 1,478
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,478
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000925
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Blackstone-Millville School District
  • Census Tract: 748100

Zoning

  • Zoning: ORD

Geography

  • Parcel: MILV M:0105 B:0019 L:0
  • Block: 19
  • Municipality: MILLVILLE
  • Latitude: 42.0574
  • Longitude: -71.5781

    Address

  • Full Address: 487 Chestnut Hill Rd
  • Address - House Number: 487
  • Address - Street Name: Chestnut Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Millville
  • Carrier Code: R001
  • 4-Digit Zip Code: 1512
  • Zip Code: 01529

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $484,100

    Appraisal Valuation

  • Standard Deviation: 0.1716
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 78
  • Final Value: 408,908
  • High Value: 479,116
  • Low Value: 338,699

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $366,200
  • Assessed Land Value: $67,600
  • Assessed Improvements Value: $298,600

    Sales

  • Current Sale Contract Date: Dec 29, 2021
  • Current Sale Recording Date: Dec 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 182266
  • Previous Sale Recording Date: Aug 04, 2016
  • Previous Sale Amount: $274,900
  • 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 Worcester

Stats & Trends

Median Asking:

$500,000

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2381 ft²

Average Home Age

65.5 years

Currently For Sale

1967 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: 6 months ago
Data Source: MLS PIN, MLS# 72001954

Frequently Asked Questions

When was property at 487 Chestnut Hill Road built and last sold?
The property at 487 Chestnut Hill Road was built in 1920 and last sold on Dec 29, 2021 for $358,000.
How much is this home worth?
The estimated value of the home located at 487 Chestnut Hill Road is $371,931.
What are some comparable homes to 487 Chestnut Hill Road?
There are currently no comparable homes to 487 Chestnut Hill Road.
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