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Marlborough 01752
56 Millham St
$500,000
● House - Off Market

56 Millham St

Marlborough, MA 01752
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,700 Ft²
$511,341
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

STEP INTO YOUR MOVE IN CONDITION HOME. OPEN CONCEPT FAMILY ROOM WITH CATHEDRAL CEILING THAT FLOWS INTO YOUR UPDATED STAINLESS STEEL KITCHEN WITH A CENTER ISLAND. HARDWOOD FLOORS IN EXCELLENT CONDITION THROUGHOUT. LEVEL FENCED BACKYARD FOR KIDS OR PETS.  PARK NEARBY WITH BASKETBALL COURT, SOCCER FIELD AND PLAYGROUND. GAS HEAT - CENTRAL AIR WITH NEW OVERSIZE COMPRESSOR. UPDATED GAS FURNACE AND HOT WATER TANK. QUICK CLOSING POSSIBLE IF NEEDED.
Unit Size
1,700 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$253
Property Type
House
Property Taxes
$407
HOA Dues
-
Year Built
1962

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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 years ago (MLSPIN #72815075)

Price History

Date / Event Date Event Price
May 12, 2021 Sold
Premium
Sold
Apr 15, 2021 Listed by LAER Realty Partners $429,900
Listed by LAER Realty Partners
Oct 5, 1987 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1970
  • 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: 6
  • 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: 9
  • Basement Area: 912
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Total Building Area: 1,192
  • Gross Building Area: 2,668
  • Building Area: 1,192
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,192
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Marlborough School District
  • School Tax School District: MARLBOROUGH SD
  • Census Tract: 321400

Geography

  • Account Number: 381719
  • Parcel: MARL M:066 B:047 L:000
  • Block: 47
  • Municipality: MARLBOROUGH
  • Latitude: 42.3468
  • Longitude: -71.5876

    Address

  • Full Address: 56 Millham St
  • Address - House Number: 56
  • Address - Street Name: Millham
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marlborough
  • Carrier Code: R005
  • 4-Digit Zip Code: 1022
  • Zip Code: 01752

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $466,100

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 540,969
  • High Value: 640,381
  • Low Value: 441,557

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $455,200
  • Assessed Land Value: $200,000
  • Assessed Improvements Value: $255,200

    Sales

  • Current Sale Contract Date: May 04, 2021
  • Current Sale Recording Date: May 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 107919
  • Previous Sale Recording Date: Oct 05, 1987
  • Previous Sale Amount: $146,000
  • 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 Marlborough

Stats & Trends

Median Asking:

$580,000

Sale Price/ft²

$311

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2489 ft²

Average Home Age

70.3 years

Currently For Sale

58 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 years ago
Data Source: MLS PIN, MLS# 72815075

Frequently Asked Questions

When was property at 56 Millham Street built and last sold?
The property at 56 Millham Street was built in 1962 and last sold on May 4, 2021 for $500,000.
How much is this home worth?
The estimated value of the home located at 56 Millham Street is $0.
What are some comparable homes to 56 Millham Street?
There are currently no comparable homes to 56 Millham Street.
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