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Worcester
5 Monticello Drive
$488,500
● House - Off Market

5 Monticello Drive

Paxton, MA 01612
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,106 Ft²
$488,563
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Mint on Monticello...Oversized, spacious ranch just minutes from the Worcester line.  Beautiful home in an established neighborhood with hiking trails on Greater Worcester Land Trust paths via the neighborhood.  3 spacious bedrooms, 2 full bathrooms. Great closet and storage space.  Hardwoods, updated bathrooms, large entertaining living room appointed with a large brick fireplace and dining room. Dedicated laundry room.  2 car garage, and partially finished lower level.  Outdoor patio space surrounded by a spacious flat yard.   New septic system being installed by mid June, plans have already been approved by Town of Paxton.  Roof is apx 4 years old, Windows are about 10 years old and Oil tank replaced aprox 3 years ago. This home is a must see!  Offers submitted by Saturday June 10th at 5:00pm
Unit Size
2,106 Ft²
Days on Market
-
Land Size
0.56 acres
Price per sqft
$233
Property Type
House
Property Taxes
$570
HOA Dues
-
Year Built
1966

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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 months ago (MLSPIN #73120179)

Price History

Date / Event Date Event Price
Jul 26, 2023 Sold
Premium
Sold
Jun 21, 2023 In contract -
In contract
Jun 4, 2023 Listed by Prosperity Associates, Inc $489,900
Listed by Prosperity Associates, Inc
Jun 2, 2000 Sold
Premium
Sold
Mar 29, 2000 Listed by Prosperity Associates, Inc $187,500
Listed by Prosperity Associates, Inc

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 3
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,587
  • Total Building Area: 2,106
  • Gross Building Area: 4,853
  • Building Area: 2,106
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,106
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000564
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wachusett School District
  • Census Tract: 727100

Zoning

  • Zoning: OR4

Geography

  • Account Number: 1697
  • Parcel: PAXT M:00028 L:00026
  • Lot: 26
  • Municipality: PAXTON
  • Latitude: 42.288
  • Longitude: -71.9008

    Address

  • Full Address: 5 Monticello Dr
  • Address - House Number: 5
  • Address - Street Name: Monticello
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Paxton
  • Carrier Code: C027
  • 4-Digit Zip Code: 1413
  • Zip Code: 01612

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $678,500

    Appraisal Valuation

  • Standard Deviation: 0.1805
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 76
  • Final Value: 514,041
  • High Value: 606,852
  • Low Value: 421,230

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $422,200
  • Assessed Land Value: $110,400
  • Assessed Improvements Value: $311,800

    Sales

  • Current Sale Contract Date: Jul 14, 2023
  • Current Sale Recording Date: Jul 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 60281
  • Previous Sale Recording Date: Jun 02, 2000
  • Previous Sale Amount: $181,000
  • 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:

$499,999

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2392 ft²

Average Home Age

64.7 years

Currently For Sale

2074 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 months ago
Data Source: MLS PIN, MLS# 73120179

Frequently Asked Questions

When was property at 5 Monticello Drive built and last sold?
The property at 5 Monticello Drive was built in 1966 and last sold on Jul 14, 2023 for $488,500.
How much is this home worth?
The estimated value of the home located at 5 Monticello Drive is $488,208.
What are some comparable homes to 5 Monticello Drive?
There are currently no comparable homes to 5 Monticello Drive.
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