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Worcester 01331
54 Spa Road
$180,000
● House - Off Market

54 Spa Road

Phillipston, MA 01331
bedrooms
1 Bed
bathrooms
1 Bath
square feet
640 Ft²
$275,920
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

This Saturday August 3rd  Open House,..12 AM  TO  3 PM... ENJOY YOUR SUMMER!  EXTEND YOUR VACATION BY COMMUTING TO WORK FROM QUEEN LAKE.  QUEEN LAKE IS ONLY 50,MINUTES FROM  WORCESTER AND ABOUT 75 MINUTES TO BOSTON.  Located on a wooded lot, a perfect seasonal one bedroom, one bathroom cottage to get away from it all is waiting for your personal touch.  Enjoy the beautiful view of the almost undeveloped forested area on the Western side from inside the cottage, from the porch or from the lakefront area.  Enjoy the excellent water quality while swimming to the nearby island. Enjoy  boating, fishing . sailing and waterskiing this summer. There is a NEW 2000 gallon septic tight tank  presently being installed by Seller for Title 5 Compliance.
Unit Size
640 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$295
Property Type
House
Property Taxes
$259
HOA Dues
-
Year Built
1940

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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 #72494629)

Price History

Date / Event Date Event Price
Oct 4, 2021 Sold
Premium
Sold
Aug 30, 2021 Listed by Colby Realty $242,000
Listed by Colby Realty
Nov 7, 2019 Sold
Premium
Sold
May 6, 2019 Listed by Colby Realty $188,500
Listed by Colby Realty
Nov 16, 2018 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 26
  • 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: 14,810
  • Total Building Area: 512
  • Gross Building Area: 640
  • Building Area: 512
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 14
  • Heated Square Feet: 512
  • Heating Fuel Type: 9

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Narragansett School District
  • Census Tract: 703100

Zoning

  • Zoning: RC

Geography

  • Parcel: PHIL M:00052 L:00011
  • Lot: 11
  • Municipality: PHILLIPSTON
  • Latitude: 42.5311
  • Longitude: -72.1177

    Address

  • Full Address: 54 Spa Rd
  • Address - House Number: 54
  • Address - Street Name: Spa
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Athol
  • Zip Code: 01331

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $314,200

    Appraisal Valuation

  • Standard Deviation: 0.2053
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 72
  • Final Value: 281,762
  • High Value: 339,615
  • Low Value: 223,910

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $262,300
  • Assessed Land Value: $188,500
  • Assessed Improvements Value: $73,800

    Sales

  • Current Sale Contract Date: Oct 01, 2021
  • Current Sale Recording Date: Oct 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 139200
  • Previous Sale Recording Date: Nov 07, 2019
  • Previous Sale Contract Date: Nov 06, 2019
  • Previous Sale Amount: $180,000
  • 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

$281

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2385 ft²

Average Home Age

64.5 years

Currently For Sale

2059 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# 72494629

Frequently Asked Questions

When was property at 54 Spa Road built and last sold?
The property at 54 Spa Road was built in 1940 and last sold on Oct 1, 2021 for $226,000.
How much is this home worth?
The estimated value of the home located at 54 Spa Road is $239,722.
What are some comparable homes to 54 Spa Road?
There are currently no comparable homes to 54 Spa Road.
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