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Worcester 01605 Biotech Park Area
1 Wellesley
$240,000
● House - Off Market

1 Wellesley

Worcester, MA 01605
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,428 Ft²
$385,127
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Location, location. Are you looking for a one level living ranch, corner lot? this is the one: 3 bedrooms, 2 full baths with a beautiful yard, and newer deck... . Refinished hardwood floor, newer roof, newer boiler, replacement windows, partially finished lower level, newer driveway, fenced in yard........and much more. Minutes to 290, route 9 UMASS hospitals and shopping centers.
Unit Size
1,428 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$168
Property Type
House
Property Taxes
$315
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: 4 months ago (MLSPIN #72144623)

Price History

Date / Event Date Event Price
Jun 23, 2017 Sold
Premium
Sold
Apr 12, 2017 Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave. $239,888
Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave.
Dec 31, 1998 Sold
Premium
Sold
Jun 2, 1998 Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave. $84,900
Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,008
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,109
  • Total Building Area: 1,428
  • Gross Building Area: 2,660
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000163
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732002

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 39-017-00485
  • Parcel: WORC M:39 B:017 L:00485
  • Block: 17
  • Lot: 485
  • Municipality: WORCESTER
  • Latitude: 42.2869
  • Longitude: -71.7728

    Address

  • Full Address: 1 Wellesley Ave
  • Address - House Number: 1
  • Address - Street Name: Wellesley
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C007
  • 4-Digit Zip Code: 2222
  • Zip Code: 01605

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $496,900

    Appraisal Valuation

  • Standard Deviation: 0.1951
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 433,475
  • High Value: 518,058
  • Low Value: 348,892

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $346,500
  • Assessed Land Value: $102,200
  • Assessed Improvements Value: $244,300

    Sales

  • Current Sale Contract Date: May 10, 2017
  • Current Sale Recording Date: Jun 23, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 110828
  • Previous Sale Recording Date: Dec 31, 1998
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: 48
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:

$559,900

Sale Price/ft²

$248

Below Asking

0.04%

Average Days on Market

61

Average Home Size

2798 ft²

Average Home Age

91.3 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

Unit for rent at 27 Mount Vernon St, MA, 01605

$1,882 /mo

  • 1 Bed
  • 1 Bath
27 Mount Vernon St, MA, 01605 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72144623

Frequently Asked Questions

When was property at 1 Wellesley Avenue built and last sold?
The property at 1 Wellesley Avenue was built in 1950 and last sold on May 10, 2017 for $240,000.
How much is this home worth?
The estimated value of the home located at 1 Wellesley Avenue is $236,357.
What are some comparable homes to 1 Wellesley Avenue?
There are currently no comparable homes to 1 Wellesley Avenue.
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