For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Worcester 01506
61 Molasses Hill Rd
$367,500
● House - Off Market

61 Molasses Hill Rd

Brookfield, MA 01506
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,589 Ft²
$360,669
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Fantastic opportunity to get into the great town of Brookfield,  very close to the Sturbridge line. Gorgeous wooded lot, flexible living space, and possible rental income are just a few things to appreciate about this property. Huge living room, eat-in kitchen as well as a large formal dining room, 2 spacious bedrooms and a full bath make up the first floor. The second floor is currently used as a legal, one bedroom apartment that could be rented as a mortgage helper or make a fantastic master suite, teen space, etc. The garage has a large, unfinished room over it that could easily be turned into a home office or workout space (currently used for storage). Come check it out!
Unit Size
2,589 Ft²
Days on Market
-
Land Size
4.55 acres
Price per sqft
$135
Property Type
House
Property Taxes
$418
HOA Dues
-
Year Built
1986

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #73074463)

Price History

Date / Event Date Event Price
Mar 17, 2023 Sold
Premium
Sold
Feb 3, 2023 In contract -
In contract
Jan 30, 2023 Listed by EXIT Real Estate Executives $350,000
Listed by EXIT Real Estate Executives
May 31, 2016 Sold
Premium
Sold
Feb 10, 2016 Listed by EXIT Real Estate Executives $249,900
Listed by EXIT Real Estate Executives

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 14
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 198,198
  • Total Building Area: 2,447
  • Gross Building Area: 4,543
  • Building Area: 2,447
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 2,447
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELEANOR F MORSE
  • Land Acres: 0000004550
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Brookfield School District
  • Census Tract: 760100

Zoning

  • Zoning: RR

Geography

  • Account Number: 45003B000
  • Parcel: BROO M:003B B:0000 L:00200
  • Lot: 200
  • Municipality: BROOKFIELD
  • Latitude: 42.1767
  • Longitude: -72.1185

    Address

  • Full Address: 61 Molasses Hill Rd
  • Address - House Number: 61
  • Address - Street Name: Molasses Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Brookfield
  • Carrier Code: R001
  • 4-Digit Zip Code: 1703
  • Zip Code: 01506

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $551,900

    Appraisal Valuation

  • Standard Deviation: 0.184
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 431,887
  • High Value: 511,387
  • Low Value: 352,387

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $363,100
  • Assessed Land Value: $76,000
  • Assessed Improvements Value: $287,100

    Sales

  • Current Sale Contract Date: Mar 17, 2023
  • Current Sale Recording Date: Mar 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 21340
  • Previous Sale Recording Date: May 31, 2016
  • Previous Sale Amount: $242,000
  • Previous Sale Document Type: O
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73074463

Frequently Asked Questions

When was property at 61 Molasses Hill Road built and last sold?
The property at 61 Molasses Hill Road was built in 1986 and last sold on Mar 17, 2023 for $367,500.
How much is this home worth?
The estimated value of the home located at 61 Molasses Hill Road is $368,564.
What are some comparable homes to 61 Molasses Hill Road?
There are currently no comparable homes to 61 Molasses Hill Road.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Brookfield Homes for Sale
Brookfield Houses for Sale
Brookfield Condos for Sale
Brookfield Multifamily for Sale
Brookfield Land for Sale
Brookfield Commercial for Sale
Brookfield Homes with Basements
Brookfield Homes with Pools
Nearby Cities
Spencer Homes for Sale
Fiskdale Homes for Sale
Sturbridge Homes for Sale
North Brookfield Homes for Sale
Warren Homes for Sale
West Brookfield Homes for Sale
East Brookfield Homes for Sale
Nearby Property Records
Worcester County, MA Property Records
Windham County, CT Property Records
Tolland County, CT Property Records
Hampden County, MA Property Records
Hampshire County, MA Property Records
Franklin County, MA Property Records
Providence County, RI Property Records
Kent County, RI Property Records
Nearby Counties
Sturbridge Homes for Sale
Spencer Homes for Sale
Warren Homes for Sale
North Brookfield Homes for Sale
Brimfield Homes for Sale
West Brookfield Homes for Sale
East Brookfield Homes for Sale
New Braintree Homes for Sale
Top Real Estate Agents
Top Agents in Brookfield
Top Agents in 01550
Top Agents in Sturbridge
Top Agents in 01507
Top Agents in Spencer
Top Agents in 01562
Top Agents in 01566
Top Agents in 01585