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Worcester
63 Old Oak Ave
$205,000
● House - Off Market

63 Old Oak Ave

Westminster, MA 01473
bedrooms
1 Bed
bathrooms
1 Bath
square feet
392 Ft²
$346,328
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model

About This Property

Seasonal waterfront cottage near the Leino Park bridge on Wyman Pond in Westminster--Summer: swimming, kayaking, boating, etc...Winter: snowshoeing/XC skiing/ice skating, snowmobiling, annual ice fishing derby...3 minutes to Wachusett Mountain Ski Area. Westminster's only fully recreational lake. This 1 bedroom cottage with 2 additional sleeping lofts has been beautifully updated for your enjoyment! 40+ feet of waterfront provides plenty of room for both swimming and docking your boat. The lake side of this house has such a relaxing feel with its large oak tree shading part of the lawn. Nicely landscaped lot with plenty of room for those summer gatherings. Storage shed. Private septic. Town water.
Unit Size
392 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$612
Property Type
House
Property Taxes
$228
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 #72584376)

Price History

Date / Event Date Event Price
Feb 14, 2020 Sold
Premium
Sold
Oct 24, 2019 Listed by Results Realty $239,900
Listed by Results Realty
Jul 8, 2016 Sold
Premium
Sold
Mar 18, 2016 Listed by Results Realty $155,500
Listed by Results Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 2
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 26
  • 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: 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: 3,485
  • Total Building Area: 392
  • Gross Building Area: 392
  • Building Area: 392
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 392
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000080
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ashburnham-Westminster School District
  • School Tax School District: ASHBRNHM-WMINSR
  • Census Tract: 708100

Geography

  • Account Number: D00002
  • Parcel: WMIN M:146 B: L:68
  • Lot: 68
  • Municipality: WESTMINSTER
  • Latitude: 42.5264
  • Longitude: -71.876

    Address

  • Full Address: 63 Old Oak Ave
  • Address - House Number: 63
  • Address - Street Name: Old Oak
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Westminster
  • Carrier Code: R002
  • 4-Digit Zip Code: 1706
  • Zip Code: 01473

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $380,800

    Appraisal Valuation

  • Standard Deviation: 0.2035
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 72
  • Final Value: 351,796
  • High Value: 423,404
  • Low Value: 280,188

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $291,600
  • Assessed Land Value: $246,000
  • Assessed Improvements Value: $45,600

    Sales

  • Current Sale Contract Date: Feb 14, 2020
  • Current Sale Recording Date: Feb 14, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2711
  • Previous Sale Recording Date: Jul 08, 2016
  • Previous Sale Amount: $155,500
  • 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:

$500,000

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2385 ft²

Average Home Age

64.5 years

Currently For Sale

2059 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# 72584376

Frequently Asked Questions

When was property at 63 Old Oak Avenue built and last sold?
The property at 63 Old Oak Avenue was built in 1935 and last sold on Feb 14, 2020 for $205,000.
How much is this home worth?
The estimated value of the home located at 63 Old Oak Avenue is $231,823.
What are some comparable homes to 63 Old Oak Avenue?
There are currently no comparable homes to 63 Old Oak Avenue.
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