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Worcester 01545 Biotech Park Area
1 5th Ave
$360,000
● House - Off Market

1 5th Ave

Shrewsbury, MA 01545
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,162 Ft²
$402,076
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

New BEAL elementary school district! Sunny and bright economic GAS heated 3 bedrooms 2 baths house with extra side yard and extra 3 cars paved off street parking to making 5 off street parking. It is walking distance to Umass, White City Shopping Center, Trade Joe, Whole Food and many restaurants! It is near the Quinsigamond lake! New finished hardwood floor ceramic tiled floors all over the first floor. Living room with fireplaces. Big kitchen with dinning area. Finished lower level is in half way remodeling. It will adding 900 squire feet with little work, The new owner could finish with their own way. Storage shed and stone patio to enjoy in the summer. Top rated schools! A commuter's dream - close to Umass, Rt. 9, Rt. 290, Rt. 20, Rd 90, all major highways.
Unit Size
1,162 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$326
Property Type
House
Property Taxes
$331
HOA Dues
-
Year Built
1950

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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 #73050301)

Price History

Date / Event Date Event Price
Dec 22, 2022 Sold
Premium
Sold
Nov 3, 2022 In contract -
In contract
Oct 20, 2022 Listed by StartPoint Realty $379,000
Listed by StartPoint Realty
Feb 14, 2018 Sold
Premium
Sold
Nov 17, 2017 Listed by StartPoint Realty $254,900
Listed by StartPoint Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,143
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,760
  • Total Building Area: 1,071
  • Gross Building Area: 2,563
  • Building Area: 1,071
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,071
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000385
  • 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: 739202

Zoning

  • Zoning: RES B-

Geography

  • Account Number: 6363
  • Parcel: SHRE M:31 B:028000
  • Block: 28000
  • Municipality: SHREWSBURY
  • Latitude: 42.2796
  • Longitude: -71.7535

    Address

  • Full Address: 1 5th Ave
  • Address - House Number: 1
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Shrewsbury
  • Carrier Code: C011
  • 4-Digit Zip Code: 5113
  • Zip Code: 01545

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $412,900

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 397,646
  • High Value: 472,224
  • Low Value: 323,068

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $314,700
  • Assessed Land Value: $211,200
  • Assessed Improvements Value: $103,500

    Sales

  • Current Sale Contract Date: Dec 15, 2022
  • Current Sale Recording Date: Dec 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 134766
  • Previous Sale Recording Date: Feb 14, 2018
  • Previous Sale Amount: $260,000
  • 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 Biotech Park Area

Stats & Trends

Median Asking:

$556,750

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

63

Average Home Size

2342 ft²

Average Home Age

77.3 years

Currently For Sale

4 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73050301

Frequently Asked Questions

When was property at 1 5th Avenue built and last sold?
The property at 1 5th Avenue was built in 1950 and last sold on Dec 15, 2022 for $360,000.
How much is this home worth?
The estimated value of the home located at 1 5th Avenue is $372,547.
What are some comparable homes to 1 5th Avenue?
There are currently no comparable homes to 1 5th Avenue.
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