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Worcester 01603 Hadwen Park
123 Hope Ave
$370,000
● House - Off Market

123 Hope Ave

Worcester, MA 01603
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,405 Ft²
$380,993
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

This colonial style home has been very well cared for by the same family for over 40 years.  This home features 3-4 bedrooms and 1.5 baths and is located on waterfront with direct access to Leesville Pond.  Leesville Pond is great for fishing, kayaking, canoeing, ice fishing and skating.  Minutes to downtown Worcester and Auburn, Rte 290, MA Pike, route 9 and route 12.  Modern updates include new natural gas furnace, hot water heater, dishwasher, roof and windows.  Good size kitchen with center island.  Large living room with built-ins and full first floor bath.  First floor bedroom was and can be dining room, 3 more bedrooms and half bath located on 2nd floor.  Walk-out basement, newer siding, gutters and downspouts.  Nice back deck overlooking fenced in yard and Pond.
Unit Size
1,405 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$256
Property Type
House
Property Taxes
$385
HOA Dues
-
Year Built
1911

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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 #73051840)

Price History

Date / Event Date Event Price
Jan 12, 2023 Sold
Premium
Sold
Nov 14, 2022 In contract -
In contract
Nov 11, 2022 Relisted $359,900
Relisted
Nov 1, 2022 In contract -
In contract
Oct 25, 2022 Listed by Lisa Caron Real Estate LLC $359,900
Listed by Lisa Caron Real Estate LLC

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1911
  • Effective Year Built: 1911
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 15
  • 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: 794
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Total Building Area: 1,405
  • Gross Building Area: 2,585
  • Building Area: 1,405
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,405
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 733101

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 27-001-00007
  • Parcel: WORC M:27 B:001 L:00007
  • Block: 1
  • Lot: 7
  • Municipality: WORCESTER
  • Latitude: 42.2317
  • Longitude: -71.8278

    Address

  • Full Address: 123 Hope Ave
  • Address - House Number: 123
  • Address - Street Name: Hope
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C002
  • 4-Digit Zip Code: 2212
  • Zip Code: 01603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $450,900

    Appraisal Valuation

  • Standard Deviation: 0.188
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 409,335
  • High Value: 486,322
  • Low Value: 332,349

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $314,439
  • Assessed Land Value: $127,239
  • Assessed Improvements Value: $187,200

    Sales

  • Current Sale Contract Date: Jan 12, 2023
  • Current Sale Recording Date: Jan 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3228
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 Hadwen Park

Stats & Trends

Median Asking:

$380,000

Sale Price/ft²

$281

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1819 ft²

Average Home Age

73.1 years

Currently For Sale

7 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# 73051840

Frequently Asked Questions

When was property at 123 Hope Avenue built and last sold?
The property at 123 Hope Avenue was built in 1911 and last sold on Jan 12, 2023 for $370,000.
How much is this home worth?
The estimated value of the home located at 123 Hope Avenue is $369,252.
What are some comparable homes to 123 Hope Avenue?
There are currently no comparable homes to 123 Hope Avenue.
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