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Worcester 01603 Webster Square
12 Merchant St
$350,000
● House - Off Market

12 Merchant St

Worcester, MA 01603
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,412 Ft²
$350,119
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Welcome home to this lovely, well-maintained property with 3 bedrooms, 1.5 baths, and 1 car garage! The first floor boasts a spacious living room with a cozy fireplace, open kitchen with beautiful countertops and stainless steel appliances, a nice dining area that leads to a deck overlooking a flat backyard, and a half bath with Laundry facility. The 2nd floor has good size 3 bedrooms and a full bath. This home has been freshly painted with mostly new flooring. The finished lower level could be used as a possible 4th bedroom or family room.
Unit Size
1,412 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$241
Property Type
House
Property Taxes
$293
HOA Dues
-
Year Built
2002

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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 #72934751)

Price History

Date / Event Date Event Price
Mar 18, 2022 Sold
Premium
Sold
Jan 18, 2022 Listed by Century 21 XSELL REALTY $339,999
Listed by Century 21 XSELL REALTY
Aug 13, 2010 Sold
Premium
Sold
Jun 2, 2010 Listed by Century 21 XSELL REALTY $129,900
Listed by Century 21 XSELL REALTY
Mar 30, 2010 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 31
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 386
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,553
  • Total Building Area: 1,412
  • Gross Building Area: 2,186
  • Building Area: 1,412
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,412
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WORCESTER
  • Land Acres: 0000000105
  • 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: 15-009-0002B
  • Parcel: WORC M:15 B:009 L:0002B
  • Block: 9
  • Lot: 2B
  • Municipality: WORCESTER
  • Latitude: 42.2405
  • Longitude: -71.8562

    Address

  • Full Address: 12 Merchant St
  • Address - House Number: 12
  • Address - Street Name: Merchant
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C016
  • 4-Digit Zip Code: 1216
  • Zip Code: 01603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $404,000

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 379,233
  • High Value: 442,568
  • Low Value: 315,899

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $281,695
  • Assessed Land Value: $66,095
  • Assessed Improvements Value: $215,600

    Sales

  • Current Sale Contract Date: Mar 18, 2022
  • Current Sale Recording Date: Mar 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 30810
  • Previous Sale Recording Date: Aug 13, 2010
  • Previous Sale Amount: $132,000
  • 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 Webster Square

Stats & Trends

Median Asking:

$419,900

Sale Price/ft²

$263

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2347 ft²

Average Home Age

93.8 years

Currently For Sale

25 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72934751

Frequently Asked Questions

When was property at 12 Merchant Street built and last sold?
The property at 12 Merchant Street was built in 2002 and last sold on Mar 18, 2022 for $350,000.
How much is this home worth?
The estimated value of the home located at 12 Merchant Street is $339,771.
What are some comparable homes to 12 Merchant Street?
There are currently no comparable homes to 12 Merchant Street.
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