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Worcester 01462
8 Otis Street
$302,000
● House - Off Market

8 Otis Street

Lunenburg, MA 01462
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,811 Ft²
$461,468
RealtyHop Estimate
54.85%
Since Apr 1, 2018
National-US
Primary Model

About This Property

Convenience, neighborhood, privacy, space! This fantastic home has raised three boys and is ready for you to make it your own. Bus stop at corner for early morning dash. Upgraded beautiful white kitchen with stainless steel appliances and granite countertops, oversized dining room welcome you and yours for holiday gatherings. Huge family room allows big game or movie nights! Home welcomes sun all day for loads of natural light. Large fenced yard with patio area and lawn for play. Opportunity for flexible living here with four spaces to be used as bedrooms or guests or home office. Close to all the best shopping and commuter highways. You're going to love all this home offers!
Unit Size
1,811 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$165
Property Type
House
Property Taxes
$309
HOA Dues
-
Year Built
1947

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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 #72251037)

Price History

Date / Event Date Event Price
Nov 5, 2021 Sold
Premium
Sold
Sep 7, 2021 Listed by Keller Williams Realty Boston Northwest $369,900
Listed by Keller Williams Realty Boston Northwest
Mar 16, 2018 Sold
Premium
Sold
Nov 2, 2017 Listed by Keller Williams Realty Boston Northwest $298,000
Listed by Keller Williams Realty Boston Northwest
May 25, 2005 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 884
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,971
  • Total Building Area: 2,032
  • Gross Building Area: 2,928
  • Building Area: 2,032
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,032
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUBDIVISION LAND HARVARD
  • Land Acres: 0000000183
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lunenburg School District
  • School Tax School District: LUNENBURG SD
  • Census Tract: 712101

Zoning

  • Zoning: RA

Geography

  • Account Number: 1620980010400000
  • Parcel: LUNE M:098.0 B:0104 L:0000.0
  • Block: 104
  • Municipality: LUNENBURG
  • Latitude: 42.5743
  • Longitude: -71.7517

    Address

  • Full Address: 8 Otis St
  • Address - House Number: 8
  • Address - Street Name: Otis
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lunenburg
  • Carrier Code: C004
  • 4-Digit Zip Code: 2402
  • Zip Code: 01462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $490,800

    Appraisal Valuation

  • Standard Deviation: 0.1901
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 447,997
  • High Value: 533,205
  • Low Value: 362,789

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $335,700
  • Assessed Land Value: $82,600
  • Assessed Improvements Value: $253,100

    Sales

  • Current Sale Contract Date: Nov 05, 2021
  • Current Sale Recording Date: Nov 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 25012
  • Previous Sale Recording Date: Mar 16, 2018
  • Previous Sale Amount: $302,000
  • 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

2379 ft²

Average Home Age

65.5 years

Currently For Sale

1984 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# 72251037

Frequently Asked Questions

When was property at 8 Otis Street built and last sold?
The property at 8 Otis Street was built in 1947 and last sold on Nov 5, 2021 for $360,000.
How much is this home worth?
The estimated value of the home located at 8 Otis Street is $381,849.
What are some comparable homes to 8 Otis Street?
There are currently no comparable homes to 8 Otis Street.
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