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Worcester 01602 West Tatnuck
124 Olean
$525,000
● House - Off Market

124 Olean

Worcester, MA 01602
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,608 Ft²
$515,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Waterfront home, located on picturesque Cooks Pond, just outside of Tatnuck Square in Worcester. Spacious California Style Ranch house with 3 Bedrooms, 1 ½ baths, 2 fireplaces and wood burning stove.  Hardwood floors throughout. Kitchen includes matching refrigerator, stove and dishwasher in like new condition. Screened in porch on back of house overlooking the water.Finished basement runs the length of the house with bar and lots of space for entertaining.  Separate handyman workroom for your tools. Breezeway with laundry hook-ups connects to oversized 2 car garage with additional storage above. Just under an acre of land that includes perennial gardens and direct access to the water for fishing, kayaking or canoeing.
Unit Size
1,608 Ft²
Days on Market
-
Land Size
0.81 acres
Price per sqft
$321
Property Type
House
Property Taxes
$558
HOA Dues
-
Year Built
1951

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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 #73150368)

Price History

Date / Event Date Event Price
Nov 17, 2023 Sold
Premium
Sold
Sep 2, 2023 In contract -
In contract
Aug 19, 2023 Listed by Park Place Realty Enterprises $515,900
Listed by Park Place Realty Enterprises
Jun 5, 1997 Sold
Premium
Sold
Oct 10, 1996 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 1,608
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 35,400
  • Total Building Area: 1,608
  • Gross Building Area: 3,859
  • Building Area: 1,608
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,608
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000813
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730700

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 54-007-00005
  • Parcel: WORC M:54 B:007 L:00005
  • Block: 7
  • Lot: 5
  • Municipality: WORCESTER
  • Latitude: 42.2854
  • Longitude: -71.8604

    Address

  • Full Address: 124 Olean St
  • Address - House Number: 124
  • Address - Street Name: Olean
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C022
  • 4-Digit Zip Code: 4143
  • Zip Code: 01602

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $670,100

    Appraisal Valuation

  • Standard Deviation: 0.0859
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 93
  • Final Value: 537,701
  • High Value: 583,925
  • Low Value: 491,476

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $467,300
  • Assessed Land Value: $177,900
  • Assessed Improvements Value: $289,400

    Sales

  • Current Sale Contract Date: Nov 17, 2023
  • Current Sale Recording Date: Nov 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 96596
  • Previous Sale Recording Date: Jun 05, 1997
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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 West Tatnuck

Stats & Trends

Median Asking:

$482,450

Sale Price/ft²

$285

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2033 ft²

Average Home Age

42.7 years

Currently For Sale

21 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# 73150368

Frequently Asked Questions

When was property at 124 Olean Street built and last sold?
The property at 124 Olean Street was built in 1951 and last sold on Nov 17, 2023 for $525,000.
How much is this home worth?
The estimated value of the home located at 124 Olean Street is $502,823.
What are some comparable homes to 124 Olean Street?
There are currently no comparable homes to 124 Olean Street.
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