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Worcester
55 Richards Ave
$315,000
● House - Off Market

55 Richards Ave

Paxton, MA 01612
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,652 Ft²
$742,432
RealtyHop Estimate
114.02%
Since Feb 1, 2013
National-US
Primary Model

About This Property

Spacious colonial on desirable Richards Ave. within minutes of Paxton center. 9 rms in main house; 3 add. rms in finished LL. Front to back liv rm w/FP & formal din rm, both w/wainscoting & crown moulding.  Updated kit w/corian counters & breakfast bar opens to fireplaced fam rm, both w/beamed ceilings. 4 bedrms.  LL has 43' fam rm w/fireplace & wet bar, full bath & office. Sunroom. Inground gunite pool. Home needs some updating but what an opportunity!  Being sold "as is"
Unit Size
2,652 Ft²
Days on Market
-
Land Size
2.14 acres
Price per sqft
$131
Property Type
House
Property Taxes
$553
HOA Dues
-
Year Built
1966

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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: 5 months ago (MLSPIN #71444045)

Price History

Date / Event Date Event Price
Jan 11, 2013 Sold
Premium
Sold
Oct 5, 2012 Listed by Robert B. Love & Company, Inc. $346,900
Listed by Robert B. Love & Company, Inc.
Jul 1, 1993 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 93,162
  • Total Building Area: 2,652
  • Gross Building Area: 5,093
  • Building Area: 2,652
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,652
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002139
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: R20

Geography

  • Account Number: 875
  • Parcel: PAXT M:00018 L:00183
  • Lot: 183
  • Municipality: PAXTON
  • Latitude: 42.3144
  • Longitude: -71.9279

    Address

  • Full Address: 55 Richards Ave
  • Address - House Number: 55
  • Address - Street Name: Richards
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Paxton
  • Carrier Code: C032
  • 4-Digit Zip Code: 1100
  • Zip Code: 01612

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $834,800

    Appraisal Valuation

  • Standard Deviation: 0.1533
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 81
  • Final Value: 590,891
  • High Value: 681,504
  • Low Value: 500,278

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $519,500
  • Assessed Land Value: $122,200
  • Assessed Improvements Value: $397,300

    Sales

  • Current Sale Recording Date: Jan 11, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Jul 01, 1993
  • Previous Sale Amount: $250,000
  • 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

2387 ft²

Average Home Age

63.7 years

Currently For Sale

2106 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# 71444045

Frequently Asked Questions

When was property at 55 Richards Avenue built and last sold?
The property at 55 Richards Avenue was built in 1966 and last sold on Jan 1, 1970 for $315,000.
How much is this home worth?
The estimated value of the home located at 55 Richards Avenue is $365,792.
What are some comparable homes to 55 Richards Avenue?
There are currently no comparable homes to 55 Richards Avenue.
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