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Worcester 01540
5 Melvin Dr
Photo of 5 Melvin Dr
Sold on Aug 29, 2011

1

Map

$142,000
● House - Off Market

5 Melvin Dr

Oxford, MA 01540
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,768 Ft²
$330,241
RealtyHop Estimate
121.64%
Since Sep 1, 2011
National-US
Primary Model

About This Property

All required forms attached in docs for submitting offer! 3 bedroom, 1.5 bath home in nice small cul-de-sac with sidewalks! Property needs work. Some missing pipes and discoloration in basement. Kitchen ceiling down. A waiver must be signed by all parties entering the property.  First Look Owner Occupant Buyer period expires after the 15th day from list date. See all attached docs.
Unit Size
1,768 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$84
Property Type
House
Property Taxes
$274
HOA Dues
-
Year Built
1998

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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: 3 months ago (MLSPIN #71257160)

Price History

Date / Event Date Event Price
Mar 29, 2024 Sold
Premium
Sold
Feb 21, 2024 In contract -
In contract
Feb 15, 2024 Listed by Coldwell Banker Residential Brokerage - Sturbridge $439,000
Listed by Coldwell Banker Residential Brokerage - Sturbridge
Mar 17, 2017 Sold
Premium
Sold
Jul 11, 2016 Listed by Coldwell Banker Residential Brokerage - Sturbridge $309,900
Listed by Coldwell Banker Residential Brokerage - Sturbridge
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • 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 Cover: 0
  • Basement Type: 2
  • Basement Area: 1,476
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,019
  • Total Building Area: 1,768
  • Gross Building Area: 2,796
  • Building Area: 1,768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,768
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRACE ESTATES
  • Land Acres: 0000000689
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Oxford School District
  • School Tax School District: OXFORD SD
  • Census Tract: 753100

Zoning

  • Zoning: R3

Geography

  • Account Number: 33AC15
  • Parcel: OXFO M:33A B:C15
  • Block: C15
  • Municipality: OXFORD
  • Latitude: 42.1159
  • Longitude: -71.8789

    Address

  • Full Address: 5 Melvin Dr
  • Address - House Number: 5
  • Address - Street Name: Melvin
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Oxford
  • Carrier Code: R002
  • 4-Digit Zip Code: 1950
  • Zip Code: 01540

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $552,300

    Appraisal Valuation

  • Standard Deviation: 0.0856
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 457,470
  • High Value: 496,670
  • Low Value: 418,270

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $409,700
  • Assessed Land Value: $91,700
  • Assessed Improvements Value: $318,000

    Sales

  • Current Sale Contract Date: Mar 29, 2024
  • Current Sale Recording Date: Mar 29, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 22924
  • Previous Sale Recording Date: Mar 17, 2017
  • Previous Sale Amount: $312,000
  • Previous Sale Document Type: O

    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

$282

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2428 ft²

Average Home Age

62.4 years

Currently For Sale

1949 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: 3 months ago
Data Source: MLS PIN, MLS# 71257160

Frequently Asked Questions

When was property at 5 Melvin Drive built and last sold?
The property at 5 Melvin Drive was built in 1998 and last sold on Mar 29, 2024 for $450,000.
How much is this home worth?
The estimated value of the home located at 5 Melvin Drive is $447,108.
What are some comparable homes to 5 Melvin Drive?
There are currently no comparable homes to 5 Melvin Drive.
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