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Worcester
53 Bean Rd
Photo of 53 Bean Rd
Sold on Nov 19, 2010

1

Map

$68,000
● Land - Off Market

53 Bean Rd

Sterling, MA 01564
bedrooms
Studio
bathrooms
0 Bath
$198,822
RealtyHop Estimate
120.91%
Since Dec 1, 2010
National-US
Primary Model

About This Property

Priced well below assessed value! 1.92 acres. Current home is probably a tear down, but the price is low and reflects the work needed. Buyer to do all due diligence. Residential (single family home) street in convenient location to major routes.  A must see.
Unit Size
-
Days on Market
-
Land Size
1.92 acres
Price per sqft
-
Property Type
Land
Property Taxes
$206
HOA Dues
-
Year Built
2016

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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: 11 months ago (MLSPIN #71140408)

Price History

Date / Event Date Event Price
Aug 12, 2016 Sold
Premium
Sold
Nov 19, 2010 Sold
Premium
Sold
Sep 21, 2010 Listed by Hallmark Sotheby's International Realty $90,000
Listed by Hallmark Sotheby's International Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 6
  • 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: 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: 83,635
  • Total Building Area: 1,776
  • Gross Building Area: 4,200
  • Building Area: 1,776
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,776
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001920
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wachusett School District
  • Census Tract: 719100

Geography

  • District: 282
  • Parcel: STER M:00157 L:00034
  • Lot: 34
  • Municipality: STERLING
  • Latitude: 42.4051
  • Longitude: -71.7763

    Address

  • Full Address: 53 Bean Rd
  • Address - House Number: 53
  • Address - Street Name: Bean
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Sterling
  • Carrier Code: R004
  • 4-Digit Zip Code: 2407
  • Zip Code: 01564

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $831,300

    Appraisal Valuation

  • Standard Deviation: 0.1372
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 84
  • Final Value: 706,684
  • High Value: 803,680
  • Low Value: 609,687

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $624,600
  • Assessed Land Value: $149,800
  • Assessed Improvements Value: $474,800

    Sales

  • Current Sale Recording Date: Aug 12, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 89037
  • Previous Sale Recording Date: Nov 19, 2010
  • Previous Sale Amount: $68,000
  • 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:

$499,900

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

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Last Updated: 11 months ago
Data Source: MLS PIN, MLS# 71140408

Frequently Asked Questions

When was property at 53 Bean Road built and last sold?
The property at 53 Bean Road was built in 2016 and last sold on Jan 1, 1970 for $120,000.
How much is this home worth?
The estimated value of the home located at 53 Bean Road is $90,900.
What are some comparable homes to 53 Bean Road?
There are currently no comparable homes to 53 Bean Road.
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