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Worcester 01545
8 Boston Drive
$261,000
● House - Off Market

8 Boston Drive

Shrewsbury, MA 01545
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,634 Ft²
$630,211
RealtyHop Estimate
125.16%
Since Oct 1, 2003
National-US
Primary Model

About This Property

NICELY MAINTAINED SPLIT WITH 3 ADDITIONAL ROOMS IN FINISHED LOWER, HARDWOODS, FIREPLACE,  APPROX 17 X 14 PORCH WITH CEILING FAN, REPLACEMENT WINDOWS, PRIVATE YARD, NEIGHBORHOOD SETTING
Unit Size
1,634 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$171
Property Type
House
Property Taxes
$167
HOA Dues
-
Year Built
1968

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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 years ago (MLSPIN #30706681)

Price History

Date / Event Date Event Price
Apr 15, 2005 Sold
Premium
Sold
Sep 8, 2003 Sold
Premium
Sold
Apr 5, 2003 Listed by ARO Realty $279,900
Listed by ARO Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 9
  • Basement Area: 943
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Total Building Area: 978
  • Gross Building Area: 2,281
  • Building Area: 978
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 978
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • 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: 739401

Zoning

  • Zoning: RES B-

Geography

  • Account Number: 5677
  • Parcel: SHRE M:29 B:114000
  • Block: 114000
  • Municipality: SHREWSBURY
  • Latitude: 42.2884
  • Longitude: -71.694

    Address

  • Full Address: 8 Boston Dr
  • Address - House Number: 8
  • Address - Street Name: Boston
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Shrewsbury
  • Carrier Code: C004
  • 4-Digit Zip Code: 3120
  • Zip Code: 01545

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $560,100

    Appraisal Valuation

  • Standard Deviation: 0.1789
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 516,052
  • High Value: 608,385
  • Low Value: 423,720

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $426,900
  • Assessed Land Value: $252,000
  • Assessed Improvements Value: $174,900

    Sales

  • Current Sale Recording Date: Apr 15, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00058583
  • Previous Sale Recording Date: Sep 08, 2003
  • Previous Sale Amount: $255,000
  • 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:

$499,999

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2393 ft²

Average Home Age

64.7 years

Currently For Sale

2091 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: 4 years ago
Data Source: MLS PIN, MLS# 30706681

Frequently Asked Questions

When was property at 8 Boston Drive built and last sold?
The property at 8 Boston Drive was built in 1968 and last sold on Jan 1, 1970 for $312,000.
How much is this home worth?
The estimated value of the home located at 8 Boston Drive is $290,275.
What are some comparable homes to 8 Boston Drive?
There are currently no comparable homes to 8 Boston Drive.
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