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Worcester 01532
55 Ridge Road
$150,000
● House - Off Market

55 Ridge Road

Northborough, MA 01532
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
785 Ft²
$241,672
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

Contractor or Investor? Take notice! Two bedroom bungalow situated on scenic Bartlett Pond, perfect for fishing, kayaking or simply enjoying the view. Buy now and be ready to enjoy the lake come Springtime.This .5 acre, private lot has so much potential. Bring your vision. Two bedroom septic was installed in 2010. Northborough is a quintessential New England town with access to good schools, dining, shopping and so much more. Centrally located to major routes and easy access to the commuter train. Being sold strictly "as is." Buyer or buyer's agent asked to do their due diligence. Connorstone Engineering installed septic in 2010.
Unit Size
785 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$215
Property Type
House
Property Taxes
$349
HOA Dues
-
Year Built
1900

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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 #72595710)

Price History

Date / Event Date Event Price
Mar 25, 2020 Sold
Premium
Sold
Mar 18, 2020 No longer available -
No longer available
Mar 17, 2020 Relisted $189,000
Relisted
Jan 18, 2020 No longer available -
No longer available
Nov 25, 2019 Price Increased $189,000
↑ $20K (11.8%)
Price Increased
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 2
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 2
  • 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: 21,950
  • Total Building Area: 680
  • Building Area: 680
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 22
  • Heated Square Feet: 680
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000504
  • Standard Land Use Code: 1100
  • County Land Use Code: 109

Neighborhood

  • School District Name: Northborough-Southborough School District
  • Census Tract: 740102

Zoning

  • Zoning: RC

Geography

  • Parcel: NBOR M:0650 L:0086
  • Lot: 86
  • Municipality: NORTHBOROUGH
  • Latitude: 42.318
  • Longitude: -71.6228

    Address

  • Full Address: 55 Ridge Rd
  • Address - House Number: 55
  • Address - Street Name: Ridge
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Northborough
  • Carrier Code: C004
  • 4-Digit Zip Code: 2053
  • Zip Code: 01532

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $475,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1745
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 65
  • Final Value: 397,241
  • High Value: 466,586
  • Low Value: 327,895

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $333,000
  • Assessed Land Value: $238,000
  • Assessed Improvements Value: $95,000

    Sales

  • Current Sale Contract Date: Feb 21, 2020
  • Current Sale Recording Date: Mar 25, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 30792
  • Previous Sale Recording Date: Jun 22, 2006
  • 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:

$500,000

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2384 ft²

Average Home Age

64.6 years

Currently For Sale

2076 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# 72595710

Frequently Asked Questions

When was property at 55 Ridge Road built and last sold?
The property at 55 Ridge Road was built in 1900 and last sold on Feb 21, 2020 for $150,000.
How much is this home worth?
The estimated value of the home located at 55 Ridge Road is $173,698.
What are some comparable homes to 55 Ridge Road?
There are currently no comparable homes to 55 Ridge Road.
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