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Worcester 01462
562 West Townsend Road
$549,000
● House - Off Market

562 West Townsend Road

Lunenburg, MA 01462
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,248 Ft²
$3,582
Est. Monthly

About This Property

Brand new Ranch Style home by Professional Building Systems Incorporated and constructed by Moulton Construction on over 4 acres. This 3-bedroom, 2-bathroom home features an oversized kitchen with center island, stainless steel appliances, and dining area with slider to back deck. The main level includes a laundry room with washer and dryer. The main bedroom, with en-suite bathroom and  a whirlpool jetted tub, is on one side of the house, while two additional bedrooms and a bathroom are on the other. Central living room and kitchen. The home also has a 2-car garage under the house and an unfinished basement with over 8 ft ceiling height, perfect for additional living space. High-efficiency boiler and hot water tank included.
Unit Size
1,248 Ft²
Days on Market
-
Land Size
4.13 acres
Price per sqft
$469
Property Type
House
Property Taxes
$704
HOA Dues
-
Year Built
1983

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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: 4 months ago (MLSPIN #73241631)

Price History

Date / Event Date Event Price
Aug 21, 2024 Sold
Premium
Sold
Jul 9, 2024 In contract -
In contract
May 22, 2024 Listed by LAER Realty Partners $585,900
Listed by LAER Realty Partners

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1985
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 798
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 179,840
  • Total Building Area: 0
  • Gross Building Area: 3,543
  • Building Area: 1,848
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,848
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000004129
  • Standard Land Use Code: 8001
  • County Land Use Code: 130

Neighborhood

  • School District Name: Lunenburg School District
  • School Tax School District: LUNENBURG SD
  • Census Tract: 712101

Zoning

  • Zoning: O

Geography

  • Account Number: 1620080002300000
  • Parcel: LUNE M:008.0 B:0023 L:0000.0
  • Block: 23
  • Municipality: LUNENBURG
  • Latitude: 42.6296
  • Longitude: -71.7465

    Address

  • Full Address: 562 W Townsend Rd
  • Address - House Number: 562
  • Street Direction: W
  • Address - Street Name: Townsend
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lunenburg
  • Carrier Code: R003
  • 4-Digit Zip Code: 1716
  • Zip Code: 01462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $219,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $150,000
  • Assessed Land Value: $150,000
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

2401 ft²

Average Home Age

63.3 years

Currently For Sale

2000 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: 4 months ago
Data Source: MLS PIN, MLS# 73241631

Frequently Asked Questions

When was property at 562 West Townsend Road built and last sold?
The property at 562 West Townsend Road was built in 1983 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 562 West Townsend Road is $580,447.
What are some comparable homes to 562 West Townsend Road?
There are currently no comparable homes to 562 West Townsend Road.
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