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Worcester 01603 Webster Square
1 Merchant St
$198,000
● House - Off Market

1 Merchant St

Worcester, MA 01603
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,445 Ft²
$372,074
RealtyHop Estimate
86.13%
Since Oct 1, 2014
National-US
Primary Model

About This Property

Pride of ownership shows in this very well-maintained and updated Cape in desirable Cherry Valley area of Worcester! This charming home includes a master bedroom with walk-in closet, 1st floor full bath w/whirlpool tub & washer/dryer, central vacuum, super store hot water tank and pellet stove. Living and dining room have an open-floor plan with hardwood floors.  Architectural shingle roof and chimney done 3 yrs ago plus house has replacement windows and new boiler. Backyard has an above ground pool surrounded by a large stunning redwood deck! Basement was completely redone 3 yrs ago – re-poured. Cedar Closet. Large auto-draining dehumidifier installed. Close to shopping, dining, and recreation. Easy access to 290/MA Pike. Call today!
Unit Size
1,445 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$138
Property Type
House
Property Taxes
$278
HOA Dues
-
Year Built
1900

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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 #71682366)

Price History

Date / Event Date Event Price
Sep 19, 2014 Sold
Premium
Sold
May 15, 2014 Listed by Keller Williams Realty Greater Worcester $199,900
Listed by Keller Williams Realty Greater Worcester

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,276
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,878
  • Total Building Area: 1,445
  • Gross Building Area: 3,900
  • Building Area: 1,445
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,445
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000227
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 731001

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 15-011-00007
  • Parcel: WORC M:15 B:011 L:00007
  • Block: 11
  • Lot: 7
  • Municipality: WORCESTER
  • Latitude: 42.2403
  • Longitude: -71.8566

    Address

  • Full Address: 1 Merchant St
  • Address - House Number: 1
  • Address - Street Name: Merchant
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C016
  • 4-Digit Zip Code: 1215
  • Zip Code: 01603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $459,000

    Appraisal Valuation

  • Standard Deviation: 0.1956
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 417,009
  • High Value: 498,603
  • Low Value: 335,415

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $320,100
  • Assessed Land Value: $85,600
  • Assessed Improvements Value: $234,500

    Sales

  • Current Sale Recording Date: Sep 19, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 87469
  • Previous Sale Recording Date: Dec 21, 2012
  • 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 Webster Square

Stats & Trends

Median Asking:

$419,900

Sale Price/ft²

$263

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2413 ft²

Average Home Age

92 years

Currently For Sale

24 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: 4 months ago
Data Source: MLS PIN, MLS# 71682366

Frequently Asked Questions

When was property at 1 Merchant Street built and last sold?
The property at 1 Merchant Street was built in 1900 and last sold on Jan 1, 1970 for $198,000.
How much is this home worth?
The estimated value of the home located at 1 Merchant Street is $211,515.
What are some comparable homes to 1 Merchant Street?
There are currently no comparable homes to 1 Merchant Street.
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