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Worcester 01543
8 Hope Way
$135,000
● House - Off Market

8 Hope Way

Rutland, MA 01543
bedrooms
1 Bed
bathrooms
1 Bath
square feet
476 Ft²
$149,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Always dreamed of owning a home near the water? Well here it is. This home is a short walk to a fully recreational lake. The neighborhood offers its own private beach . Great for fishing, swimming and boating.  This cozy home offers 1 bedroom, family room, kitchen and a full bath. The large side yard offers a private place to entertain with a firepit and deck. Welcome Home!
Unit Size
476 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$315
Property Type
House
Property Taxes
$102
HOA Dues
-
Year Built
1920

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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 #73147550)

Price History

Date / Event Date Event Price
Nov 21, 2023 Sold
Premium
Sold
Nov 10, 2023 In contract -
In contract
Nov 1, 2023 Relisted $149,900
Relisted
Nov 1, 2023 No longer available -
No longer available
Sep 29, 2023 Price Decreased $149,900
↓ $20K (11.8%)
Price Decreased
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 1
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 24
  • 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: 6,534
  • Total Building Area: 476
  • Gross Building Area: 1,303
  • Building Area: 476
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 476
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COOL SANDY BEACH CAMP SITES
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wachusett School District
  • Census Tract: 721104

Geography

  • Parcel: RUTL M:36-B B:P L:3
  • Block: P
  • Lot: 3
  • Municipality: RUTLAND
  • Latitude: 42.3403
  • Longitude: -71.9434

    Address

  • Full Address: 8 Hope Way
  • Address - House Number: 8
  • Address - Street Name: Hope
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Rutland
  • Carrier Code: R004
  • 4-Digit Zip Code: 2136
  • Zip Code: 01543

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $122,400
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2003
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 133,771
  • High Value: 160,578
  • Low Value: 106,963

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $89,200
  • Assessed Land Value: $61,200
  • Assessed Improvements Value: $28,000

    Sales

  • Current Sale Contract Date: Nov 15, 2023
  • Current Sale Recording Date: Nov 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 98052
  • Previous Sale Recording Date: Oct 12, 2018
  • Previous Sale Amount: $55,000
  • 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

2377 ft²

Average Home Age

65.2 years

Currently For Sale

2012 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# 73147550

Frequently Asked Questions

When was property at 8 Hope Way built and last sold?
The property at 8 Hope Way was built in 1920 and last sold on Nov 15, 2023 for $135,000.
How much is this home worth?
The estimated value of the home located at 8 Hope Way is $150,443.
What are some comparable homes to 8 Hope Way?
There are currently no comparable homes to 8 Hope Way.
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