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Worcester
541 Chestnut Hill Rd
$225,000
● House - Off Market

541 Chestnut Hill Rd

Millville, MA 01529
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,664 Ft²
$391,874
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Oversized ranch with lots of potential awaits your inspection. Cabinet packed country kitchen, living room with beamed ceiling, picture window, fireplace and hardwoods,  Three bedrooms, master 3/4 bath.  Tiled main bath with double vanity. Partially finished basement. Laundry area with linen and storage closets  Screened porch overlooking private level back yard. Two car garage.  Needs some TLC to bring the sparkle back.  .
Unit Size
1,664 Ft²
Days on Market
-
Land Size
0.85 acres
Price per sqft
$156
Property Type
House
Property Taxes
$297
HOA Dues
-
Year Built
1977

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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: 6 months ago (MLSPIN #72234354)

Price History

Date / Event Date Event Price
Jul 12, 2018 Sold
Premium
Sold
Sep 26, 2017 Listed by VanderZicht Real Estate, Inc. $259,000
Listed by VanderZicht Real Estate, Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • 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: 7
  • Basement Area: 1,664
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 36,896
  • Total Building Area: 1,664
  • Gross Building Area: 4,142
  • Building Area: 1,664
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,664
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000847
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Blackstone-Millville School District
  • Census Tract: 748100

Zoning

  • Zoning: ORD

Geography

  • Parcel: MILV M:0102 B:0007 L:0
  • Block: 7
  • Municipality: MILLVILLE
  • Latitude: 42.0613
  • Longitude: -71.5776

    Address

  • Full Address: 541 Chestnut Hill Rd
  • Address - House Number: 541
  • Address - Street Name: Chestnut Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Millville
  • Carrier Code: R001
  • 4-Digit Zip Code: 1513
  • Zip Code: 01529

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $398,600

    Appraisal Valuation

  • Standard Deviation: 0.1994
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 73
  • Final Value: 344,496
  • High Value: 413,222
  • Low Value: 275,770

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $301,500
  • Assessed Land Value: $66,300
  • Assessed Improvements Value: $235,200

    Sales

  • Current Sale Recording Date: Jul 12, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 70439
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

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2368 ft²

Average Home Age

65.5 years

Currently For Sale

1968 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: 6 months ago
Data Source: MLS PIN, MLS# 72234354

Frequently Asked Questions

When was property at 541 Chestnut Hill Road built and last sold?
The property at 541 Chestnut Hill Road was built in 1977 and last sold on Jan 1, 1970 for $225,000.
How much is this home worth?
The estimated value of the home located at 541 Chestnut Hill Road is $270,129.
What are some comparable homes to 541 Chestnut Hill Road?
There are currently no comparable homes to 541 Chestnut Hill Road.
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