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Worcester 01602 Webster Square
16 Fairlawn Dr
$360,000
● House - Off Market

16 Fairlawn Dr

Worcester, MA 01602
bedrooms
2 Beds
bathrooms
1 Bath
square feet
950 Ft²
$357,752
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Welcome to this beautiful ranch located in one of the most desired neighborhoods in the city of Worcester! Entering from the front of the home you are greeted by a large open living room. The kitchen is just off the living room and is equipped with a generous number of cabinets, property flooring it's been very well-maintained. This cozy ranch style property comes with two spacious bedrooms ready to get your personal touch. Going through the back door you step down to a large backyard with a private fence to enjoy all your outdoor activities. Finished baseman connects with the garage, and a paved parking lot. Open house on 3/11/2023 from 11:00am to 1:00pm.
Unit Size
950 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$374
Property Type
House
Property Taxes
$346
HOA Dues
-
Year Built
1955

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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 #73086281)

Price History

Date / Event Date Event Price
May 19, 2023 Sold
Premium
Sold
Mar 20, 2023 In contract -
In contract
Mar 9, 2023 Listed by Property Investors & Advisors, LLC $355,000
Listed by Property Investors & Advisors, LLC
Nov 1, 2021 Sold
Premium
Sold
Sep 7, 2021 Listed by Property Investors & Advisors, LLC $289,900
Listed by Property Investors & Advisors, LLC
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 696
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,992
  • Total Building Area: 950
  • Gross Building Area: 1,956
  • Building Area: 950
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 950
  • 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: 731101

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 51-013-00077
  • Parcel: WORC M:51 B:013 L:00077
  • Block: 13
  • Lot: 77
  • Municipality: WORCESTER
  • Latitude: 42.2612
  • Longitude: -71.8368

    Address

  • Full Address: 16 Fairlawn Dr
  • Address - House Number: 16
  • Address - Street Name: Fairlawn
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Worcester
  • Carrier Code: C030
  • 4-Digit Zip Code: 3202
  • Zip Code: 01602

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $415,700

    Appraisal Valuation

  • Standard Deviation: 0.1926
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 364,014
  • High Value: 434,133
  • Low Value: 293,894

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $289,900
  • Assessed Land Value: $84,800
  • Assessed Improvements Value: $205,100

    Sales

  • Current Sale Contract Date: May 19, 2023
  • Current Sale Recording Date: May 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 38885
  • Previous Sale Recording Date: Nov 01, 2021
  • Previous Sale Contract Date: Oct 29, 2021
  • Previous Sale Amount: $335,000
  • Previous Sale Document Type: O
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:

$422,200

Sale Price/ft²

$262

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2345 ft²

Average Home Age

93.4 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73086281

Frequently Asked Questions

When was property at 16 Fairlawn Drive built and last sold?
The property at 16 Fairlawn Drive was built in 1955 and last sold on May 19, 2023 for $360,000.
How much is this home worth?
The estimated value of the home located at 16 Fairlawn Drive is $345,897.
What are some comparable homes to 16 Fairlawn Drive?
There are currently no comparable homes to 16 Fairlawn Drive.
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