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Worcester 01605 Forest Grove
1 Pelican Ave
$225,000
● House - Off Market

1 Pelican Ave

Worcester, MA 01605
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,260 Ft²
$379,854
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

Location Location Location ! ! Nestled behind the Assumption College this recently renovated ranch offers a nice open floor plan~~ Great potential for a teen suite or in-law set up.  Already rough plumbed for a second full bath and potential kitchen. All new kitchen cabinetry & granite counter tops ~~ Gas heat & hot water & cooking. New electrical service  ~~ Two driveways and so much more....Also in the Nelson Place School District.
Unit Size
1,260 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$179
Property Type
House
Property Taxes
$277
HOA Dues
-
Year Built
1957

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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 #72023230)

Price History

Date / Event Date Event Price
Sep 27, 2016 Sold
Premium
Sold
Jun 15, 2016 Listed by RE/MAX Advantage 1 $225,000
Listed by RE/MAX Advantage 1
Jan 22, 2016 Sold
Premium
Sold
Jan 5, 2016 Listed by RE/MAX Advantage 1 $140,000
Listed by RE/MAX Advantage 1

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • 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: 972
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,000
  • Total Building Area: 1,260
  • Gross Building Area: 2,520
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000207
  • 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: 33-016-00529
  • Parcel: WORC M:33 B:016 L:00529
  • Block: 16
  • Lot: 529
  • Municipality: WORCESTER
  • Latitude: 42.3009
  • Longitude: -71.8285

    Address

  • Full Address: 1 Pelican Ave
  • Address - House Number: 1
  • Address - Street Name: Pelican
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C006
  • 4-Digit Zip Code: 1146
  • Zip Code: 01605

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $461,500

    Appraisal Valuation

  • Standard Deviation: 0.1951
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 426,850
  • High Value: 510,141
  • Low Value: 343,560

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $321,800
  • Assessed Land Value: $102,900
  • Assessed Improvements Value: $218,900

    Sales

  • Current Sale Recording Date: Sep 27, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 109122
  • Previous Sale Recording Date: Jan 22, 2016
  • Previous Sale Amount: $140,000
  • 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 Forest Grove

Stats & Trends

Median Asking:

$519,900

Sale Price/ft²

$294

Below Asking

0.02%

Average Days on Market

50

Average Home Size

1805 ft²

Average Home Age

81.4 years

Currently For Sale

26 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: 5 months ago
Data Source: MLS PIN, MLS# 72023230

Frequently Asked Questions

When was property at 1 Pelican Avenue built and last sold?
The property at 1 Pelican Avenue was built in 1957 and last sold on Jan 1, 1970 for $225,000.
How much is this home worth?
The estimated value of the home located at 1 Pelican Avenue is $233,403.
What are some comparable homes to 1 Pelican Avenue?
There are currently no comparable homes to 1 Pelican Avenue.
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