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Worcester 01545
62 Old Mill Rd
$250,000
● House - Off Market

62 Old Mill Rd

Shrewsbury, MA 01545
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,006 Ft²
$444,154
RealtyHop Estimate
58.63%
Since Dec 1, 2017
National-US
Primary Model

About This Property

Super charming, move in condition, 2 bedroom, 1 1/2 bath Ranch with one attached garage, Pergo floors, fenced in level back yard and patio off enclosed porch. Finished lower level with half bath and laundry area. Great location for major routes, shopping, boating and schools.
Unit Size
1,006 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$278
Property Type
House
Property Taxes
$250
HOA Dues
-
Year Built
1935

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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 #72233490)

Price History

Date / Event Date Event Price
Nov 15, 2017 Sold
Premium
Sold
Sep 24, 2017 Listed by Beyond Real Estate $280,000
Listed by Beyond Real Estate
Sep 12, 2005 Sold
Premium
Sold
Jul 11, 2005 Listed by Beyond Real Estate $299,900
Listed by Beyond Real Estate
Nov 26, 2003 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 11
  • 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: 1,006
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,500
  • Total Building Area: 1,006
  • Gross Building Area: 3,040
  • Building Area: 1,006
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,006
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000287
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Shrewsbury School District
  • School Tax School District: SHREWSBURY SD
  • Census Tract: 739202

Zoning

  • Zoning: RES B-

Geography

  • Account Number: 4365
  • Parcel: SHRE M:26 B:037000
  • Block: 37000
  • Municipality: SHREWSBURY
  • Latitude: 42.2871
  • Longitude: -71.7434

    Address

  • Full Address: 62 Old Mill Rd
  • Address - House Number: 62
  • Address - Street Name: Old Mill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Shrewsbury
  • Carrier Code: C008
  • 4-Digit Zip Code: 2230
  • Zip Code: 01545

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $469,300

    Appraisal Valuation

  • Standard Deviation: 0.1866
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 425,438
  • High Value: 504,827
  • Low Value: 346,050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $357,700
  • Assessed Land Value: $207,600
  • Assessed Improvements Value: $150,100

    Sales

  • Current Sale Recording Date: Nov 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 127834
  • Previous Sale Recording Date: Sep 12, 2005
  • Previous Sale Amount: $297,000
  • 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72233490

Frequently Asked Questions

When was property at 62 Old Mill Road built and last sold?
The property at 62 Old Mill Road was built in 1935 and last sold on Jan 1, 1970 for $250,000.
How much is this home worth?
The estimated value of the home located at 62 Old Mill Road is $282,419.
What are some comparable homes to 62 Old Mill Road?
There are currently no comparable homes to 62 Old Mill Road.
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