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Worcester 01609 Institute Park
10 John St
$110,000
● Land - Off Market

10 John St

Worcester, MA 01609
bedrooms
Studio
bathrooms
0 Bath
$139,924
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

ZONED RG-5 (Residential General-5). This Property contains 7,520 +/- Sq Ft, and is currently being used as a paved parking lot. Property is conveniently located near and walk-able to downtown and has access to public utilities. Please feel free to visit with no appointment needed and reach out with any questions along the way.  Please visit this City of Worcester zoning ordinance for possible uses: http://www.worcesterma.gov/uploads/f0/14/fe2df5059c34efb59fc2f0/zoning-ord.pdf
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
$351
HOA Dues
-
Year Built
-

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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 #72753284)

Price History

Date / Event Date Event Price
Feb 5, 2021 Sold
Premium
Sold
Nov 5, 2020 Listed by Berman Property Solutions $110,000
Listed by Berman Property Solutions
Jul 13, 1987 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 13
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,520
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Land Acres: 0000000173
  • Standard Land Use Code: 2036
  • County Land Use Code: 337

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730802

Zoning

  • Zoning: RG-5

Geography

  • Account Number: 2-031-00018
  • Parcel: WORC M:02 B:031 L:00018
  • Block: 31
  • Lot: 18
  • Municipality: WORCESTER
  • Latitude: 42.2682
  • Longitude: -71.8044

    Address

  • Full Address: 10 John St
  • Address - House Number: 10
  • Address - Street Name: John
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Zip Code: 01609

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $476,100
  • Initial Tax Delinquent Year: 2023

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $152,300
  • Assessed Land Value: $137,000
  • Assessed Improvements Value: $15,300

    Sales

  • Current Sale Contract Date: Feb 04, 2021
  • Current Sale Recording Date: Feb 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17855
  • Previous Sale Recording Date: Jul 13, 1987
  • Previous Sale Amount: $42,500
  • 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 Institute Park

Stats & Trends

Median Asking:

$395,000

Sale Price/ft²

$233

Below Asking

0.02%

Average Days on Market

64

Average Home Size

2667 ft²

Average Home Age

113.7 years

Currently For Sale

15 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 42 Vernon Street, MA, 01610

$958 /mo

  • 1 Bed
  • 1 Bath
42 Vernon Street, MA, 01610 Listing by Rick Rivera
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# 72753284

Frequently Asked Questions

When was property at 10 John Street built and last sold?
The property at 10 John Street was built in and last sold on Feb 4, 2021 for $108,000.
How much is this home worth?
The estimated value of the home located at 10 John Street is $111,100.
What are some comparable homes to 10 John Street?
There are currently no comparable homes to 10 John Street.
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