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Worcester 01605 Forest Grove
1 Inman Ave
$245,000
● House - Off Market

1 Inman Ave

Worcester, MA 01605
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,188 Ft²
$283,083
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

This 2 bedroom one bath home home is nestled nicely off the road for privacy with a beautiful sunset view . Tons of potential here with some elbow grease and TLC. Great space with laundry room and dining area off kitchen. Oversized front to back Living room with fireplace . Extra large master bedroom with smaller second bedroom.  Roof appears to be recent. Big yard.  Seller has never lived in home and has no confirmable knowledge of the property . Buyers and Buyers Agents  to do due diligence  Property will probably require conventional or special financing or cash as some TLC is required. License to sell in hand.
Unit Size
1,188 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$231
Property Type
House
Property Taxes
$285
HOA Dues
-
Year Built
1918

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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 months ago (MLSPIN #72944576)

Price History

Date / Event Date Event Price
Mar 23, 2022 Sold
Premium
Sold
Feb 20, 2022 Listed by ERA Key Realty Services- Spenc $274,900
Listed by ERA Key Realty Services- Spenc
Nov 30, 2004 Sold
Premium
Sold
Sep 9, 2004 Sold
Premium
Sold
Mar 3, 2004 Listed by ERA Key Realty Services- Spenc $209,900
Listed by ERA Key Realty Services- Spenc
Show More

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 11
  • 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: 2
  • Basement Area: 864
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,152
  • Total Building Area: 1,188
  • Gross Building Area: 2,445
  • Building Area: 1,188
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,188
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000371
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730600

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 33-017-00474
  • Parcel: WORC M:33 B:017 L:00474
  • Block: 17
  • Lot: 474
  • Municipality: WORCESTER
  • Latitude: 42.2991
  • Longitude: -71.827

    Address

  • Full Address: 1 Inman Ave
  • Address - House Number: 1
  • Address - Street Name: Inman
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C006
  • 4-Digit Zip Code: 1149
  • Zip Code: 01605

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $405,700
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.185
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 413,694
  • High Value: 490,258
  • Low Value: 337,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $282,900
  • Assessed Land Value: $103,600
  • Assessed Improvements Value: $179,300

    Sales

  • Current Sale Contract Date: Mar 22, 2022
  • Current Sale Recording Date: Mar 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 32298
  • Previous Sale Recording Date: Sep 09, 2004
  • Previous Sale Amount: $190,000
  • 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 Forest Grove

Stats & Trends

Median Asking:

$520,000

Sale Price/ft²

$291

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1891 ft²

Average Home Age

82.5 years

Currently For Sale

23 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72944576

Frequently Asked Questions

When was property at 1 Inman Avenue built and last sold?
The property at 1 Inman Avenue was built in 1918 and last sold on Mar 22, 2022 for $245,000.
How much is this home worth?
The estimated value of the home located at 1 Inman Avenue is $278,591.
What are some comparable homes to 1 Inman Avenue?
There are currently no comparable homes to 1 Inman Avenue.
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