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Worcester 01545
7 Tip Pond Road
$1,100,000
● House - Off Market

7 Tip Pond Road

Shrewsbury, MA 01545
bedrooms
4 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
4,598 Ft²
$1,747,642
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model

About This Property

Where can you find a beautiful home on 3/4 of an acre on a cul de sac in the center of Shrewsbury. Right here! A Gorgeous custom resale on Tip Pond Road! Chefs kitchen w custom cabinets, top of the line appliances, Butlers pantry & wet bar, full laundry/craft and mud room, music/office with French doors & fireplace, Sun room with fireplace that makes it cozy on a snowy day or bright & cheerful all year round, gracious two story living room with custom cherry built in, Master bath with two sided fireplace. The pictures say more than words but still there are so many amenities it must be seen to be appreciated.
Unit Size
4,598 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$250
Property Type
House
Property Taxes
$1,181
HOA Dues
-
Year Built
2001

Payment Calculator

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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 #72329453)

Price History

Date / Event Date Event Price
Jan 31, 2019 Sold
Premium
Sold
May 17, 2018 Listed by Tomaiolo Realty Group Inc $1,150,000
Listed by Tomaiolo Realty Group Inc
Mar 30, 2004 Sold
Premium
Sold
Sep 18, 2003 Listed by Tomaiolo Realty Group Inc $1,279,000
Listed by Tomaiolo Realty Group Inc

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,205
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,528
  • Total Building Area: 4,506
  • Gross Building Area: 9,911
  • Building Area: 4,506
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,506
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000747
  • 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: 739402

Zoning

  • Zoning: RES B-

Geography

  • Account Number: 12255
  • Parcel: SHRE M:17 B:050014
  • Block: 50014
  • Municipality: SHREWSBURY
  • Latitude: 42.3057
  • Longitude: -71.7069

    Address

  • Full Address: 7 Tip Pond Rd
  • Address - House Number: 7
  • Address - Street Name: Tip Pond
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Shrewsbury
  • Carrier Code: C005
  • 4-Digit Zip Code: 2051
  • Zip Code: 01545

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,619,100

    Appraisal Valuation

  • Standard Deviation: 0.1667
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,431,470
  • High Value: 1,670,145
  • Low Value: 1,192,795

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,234,100
  • Assessed Land Value: $303,600
  • Assessed Improvements Value: $930,500

    Sales

  • Current Sale Contract Date: Jan 16, 2019
  • Current Sale Recording Date: Jan 31, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9721
  • Previous Sale Recording Date: Mar 30, 2004
  • Previous Sale Amount: $1,254,000
  • 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:

$500,000

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2375 ft²

Average Home Age

64.6 years

Currently For Sale

2001 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# 72329453

Frequently Asked Questions

When was property at 7 Tip Pond Road built and last sold?
The property at 7 Tip Pond Road was built in 2001 and last sold on Jan 16, 2019 for $1,100,000.
How much is this home worth?
The estimated value of the home located at 7 Tip Pond Road is $1,165,391.
What are some comparable homes to 7 Tip Pond Road?
There are currently no comparable homes to 7 Tip Pond Road.
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