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Rutland 01543
5 Newman Dr
$269,000
● House - Off Market

5 Newman Dr

Rutland, MA 01543
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,496 Ft²
$408,436
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model

About This Property

Are you looking for a move-in ready home in Rutland that is just the "right size" in just the "right neighborhood" with the "right upgrades"?  Are hardwoods, wood burning fireplace, updated kitchen with granite counters, finished lower level family room and nice back yard on your list?  Your search ends here!  This is a great house that has been cared for and updated so that you don't have to do anything but pack your boxes!  Featuring an open concept main living area with sliders to the newer deck and easily managed back yard.  3 great sized bedrooms with ample closet space.  Updated bathroom on the main level with additional half bath off the finished family room in the lower level.  Newer roof, windows, doors, central air via mini splits and furnace with town water and sewer.
Unit Size
1,496 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$180
Property Type
House
Property Taxes
$300
HOA Dues
-
Year Built
1973

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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 #72337136)

Price History

Date / Event Date Event Price
Aug 3, 2018 Sold
Premium
Sold
May 31, 2018 Listed by RE/MAX Prof Associates $269,999
Listed by RE/MAX Prof Associates
Oct 13, 2009 Sold
Premium
Sold
Aug 25, 2009 Listed by RE/MAX Prof Associates $209,900
Listed by RE/MAX Prof Associates

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 1,056
  • Gross Building Area: 2,376
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wachusett School District
  • Census Tract: 721104

Geography

  • Parcel: RUTL M:41-C B:G L:5
  • Block: G
  • Lot: 5
  • Municipality: RUTLAND
  • Latitude: 42.3701
  • Longitude: -71.9386

    Address

  • Full Address: 5 Newman Dr
  • Address - House Number: 5
  • Address - Street Name: Newman
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Rutland
  • Carrier Code: R002
  • 4-Digit Zip Code: 1714
  • Zip Code: 01543

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $424,100
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1893
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 403,996
  • High Value: 480,503
  • Low Value: 327,490

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $309,100
  • Assessed Land Value: $80,800
  • Assessed Improvements Value: $228,300

    Sales

  • Current Sale Recording Date: Aug 03, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 80875
  • Previous Sale Recording Date: Oct 13, 2009
  • Previous Sale Amount: $198,000
  • 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 Rutland

Stats & Trends

Median Asking:

$439,900

Sale Price/ft²

$260

Below Asking

0.01%

Average Days on Market

57

Average Home Size

1637 ft²

Average Home Age

10.9 years

Currently For Sale

12 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72337136

Frequently Asked Questions

When was property at 5 Newman Drive built and last sold?
The property at 5 Newman Drive was built in 1973 and last sold on Jan 1, 1970 for $269,000.
How much is this home worth?
The estimated value of the home located at 5 Newman Drive is $287,443.
What are some comparable homes to 5 Newman Drive?
There are currently no comparable homes to 5 Newman Drive.
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