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Worcester
8 Grove St.
$159,000
● House - Off Market

8 Grove St.

Paxton, MA 01612
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,165 Ft²
$289,067
RealtyHop Estimate
80.78%
Since May 1, 2015
National-US
Primary Model

About This Property

Adorable 3 bedroom cape with first floor den/office, first floor bedroom, and 2 more bedrooms upstairs with plenty of room to potentially add another bath.  Home features hardwood floors, updated boiler and roof and circuit breakers. Other features include eat-in kitchen, spacious bright living room and flat yard. Property backs up to wooded land.
Unit Size
1,165 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$137
Property Type
House
Property Taxes
$256
HOA Dues
-
Year Built
1953

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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: 6 months ago (MLSPIN #71802258)

Price History

Date / Event Date Event Price
Dec 10, 2020 Sold
Premium
Sold
Oct 7, 2020 Listed by Robert B. Love & Company, Inc. $279,900
Listed by Robert B. Love & Company, Inc.
Apr 30, 2015 Sold
Premium
Sold
Mar 17, 2015 Listed by Robert B. Love & Company, Inc. $159,900
Listed by Robert B. Love & Company, Inc.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 16,220
  • Total Building Area: 1,206
  • Gross Building Area: 2,619
  • Building Area: 1,206
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,206
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000372
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wachusett School District
  • Census Tract: 727100

Zoning

  • Zoning: R4

Geography

  • Account Number: 973
  • Parcel: PAXT M:00019 L:00067
  • Lot: 67
  • Municipality: PAXTON
  • Latitude: 42.3043
  • Longitude: -71.915

    Address

  • Full Address: 8 Grove St
  • Address - House Number: 8
  • Address - Street Name: Grove
  • Address - Suffix Type: St
  • State: MA
  • City Name: Paxton
  • Carrier Code: C016
  • 4-Digit Zip Code: 1330
  • Zip Code: 01612

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $513,400

    Appraisal Valuation

  • Standard Deviation: 0.1866
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 386,800
  • High Value: 458,977
  • Low Value: 314,623

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $319,500
  • Assessed Land Value: $103,100
  • Assessed Improvements Value: $216,400

    Sales

  • Current Sale Contract Date: Dec 02, 2020
  • Current Sale Recording Date: Dec 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 153215
  • Previous Sale Recording Date: Apr 30, 2015
  • Previous Sale Amount: $159,000
  • 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:

$500,000

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2381 ft²

Average Home Age

65.5 years

Currently For Sale

1967 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: 6 months ago
Data Source: MLS PIN, MLS# 71802258

Frequently Asked Questions

When was property at 8 Grove Street built and last sold?
The property at 8 Grove Street was built in 1953 and last sold on Dec 2, 2020 for $300,000.
How much is this home worth?
The estimated value of the home located at 8 Grove Street is $282,678.
What are some comparable homes to 8 Grove Street?
There are currently no comparable homes to 8 Grove Street.
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