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Worcester
7 Summerhill Rd
$429,000
● House - Off Market

7 Summerhill Rd

Auburn, MA 01501
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,528 Ft²
$426,597
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

This gem will not last, this home surpasses the ordinary and exceeds all expectations. This exquisite home is great for entertaining with a private dining room, living room with fireplace, family room and sun room. This modern home will not disappoint, with a beautifully done kitchen with granite countertops, tile backsplash and stainless-steel appliances. Your new home features 3 spacious and modern bedrooms and 1.5 bathrooms. The basement has high ceiling and the walls are framed in case you need extra living space.
Unit Size
1,528 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$281
Property Type
House
Property Taxes
$450
HOA Dues
-
Year Built
1944

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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 #73131848)

Price History

Date / Event Date Event Price
Aug 29, 2023 Sold
Premium
Sold
Jul 22, 2023 In contract -
In contract
Jul 17, 2023 Relisted $282,500
Relisted
Jul 11, 2023 In contract -
In contract
Jul 4, 2023 Listed by Property Investors & Advisors, LLC $429,000
Listed by Property Investors & Advisors, LLC
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1944
  • Effective Year Built: 1944
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • 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: 8,040
  • Total Building Area: 1,528
  • Gross Building Area: 2,617
  • Building Area: 1,528
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,528
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000185
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Auburn School District
  • School Tax School District: AUBURN SD
  • Census Tract: 736400

Geography

  • Account Number: 943
  • District: 17
  • Parcel: AUBU M:0007 L:0059
  • Lot: 59
  • Municipality: AUBURN
  • Latitude: 42.2265
  • Longitude: -71.8112

    Address

  • Full Address: 7 Summerhill Rd
  • Address - House Number: 7
  • Address - Street Name: Summerhill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Auburn
  • Carrier Code: C014
  • 4-Digit Zip Code: 3144
  • Zip Code: 01501

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $566,600

    Appraisal Valuation

  • Standard Deviation: 0.2419
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 66
  • Final Value: 429,084
  • High Value: 532,886
  • Low Value: 325,283

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $379,500
  • Assessed Land Value: $115,900
  • Assessed Improvements Value: $263,600

    Sales

  • Current Sale Contract Date: Aug 28, 2023
  • Current Sale Recording Date: Aug 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 71403
  • Previous Sale Recording Date: Nov 16, 2018
  • Previous Sale Amount: $285,000
  • 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

2429 ft²

Average Home Age

62.8 years

Currently For Sale

1936 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

Unit for rent at 42 Vernon Street, MA, 01610

$958 /mo

  • 1 Bed
  • 1 Bath
42 Vernon Street, MA, 01610 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73131848

Frequently Asked Questions

When was property at 7 Summerhill Road built and last sold?
The property at 7 Summerhill Road was built in 1944 and last sold on Aug 28, 2023 for $429,000.
How much is this home worth?
The estimated value of the home located at 7 Summerhill Road is $422,915.
What are some comparable homes to 7 Summerhill Road?
There are currently no comparable homes to 7 Summerhill Road.
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