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Worcester 01605 Brittan Square
16 Melrose St
$306,000
● House - Off Market

16 Melrose St

Worcester, MA 01605
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,674 Ft²
$445,023
RealtyHop Estimate
48.39%
Since May 1, 2019
National-US
Primary Model

About This Property

This beautifully renovated 3 bedroom colonial in Worcester's Burncoat area won't last!  First floor features an updated kitchen with upgraded cabinets and stainless steel appliances, an inviting living room with cozy fireplace and gleaming hardwood floors, convenient home office, spacious dining room, half bath, and a sunny and expansive three season room.  Second floor offers three sizable bedrooms with beautiful hardwood floors and a full bath.  Enjoy the added bonus of an extensive family room and full bath in the partially finished lower level.  Truly a must see!  This home is move in ready and just waiting for its new owners!
Unit Size
1,674 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$179
Property Type
House
Property Taxes
$377
HOA Dues
-
Year Built
1930

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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 #72462437)

Price History

Date / Event Date Event Price
Apr 11, 2019 Sold
Premium
Sold
Mar 8, 2019 Listed by Keller Williams Realty Greater Worcester $299,900
Listed by Keller Williams Realty Greater Worcester
Oct 30, 2018 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,027
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,599
  • Total Building Area: 1,674
  • Gross Building Area: 2,890
  • Building Area: 1,674
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,674
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000174
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730402

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 22-031-00031
  • Parcel: WORC M:22 B:031 L:00031
  • Block: 31
  • Lot: 31
  • Municipality: WORCESTER
  • Latitude: 42.2898
  • Longitude: -71.7883

    Address

  • Full Address: 16 Melrose St
  • Address - House Number: 16
  • Address - Street Name: Melrose
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C005
  • 4-Digit Zip Code: 1821
  • Zip Code: 01605

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $532,000

    Appraisal Valuation

  • Standard Deviation: 0.1951
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 460,159
  • High Value: 549,949
  • Low Value: 370,369

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $371,000
  • Assessed Land Value: $102,400
  • Assessed Improvements Value: $268,600

    Sales

  • Current Sale Contract Date: Apr 10, 2019
  • Current Sale Recording Date: Apr 11, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 31693
  • Previous Sale Recording Date: Oct 30, 2018
  • Previous Sale Amount: $155,100
  • 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 Brittan Square

Stats & Trends

Median Asking:

$449,900

Sale Price/ft²

$230

Below Asking

0.03%

Average Days on Market

71

Average Home Size

1608 ft²

Average Home Age

117 years

Currently For Sale

1 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 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# 72462437

Frequently Asked Questions

When was property at 16 Melrose Street built and last sold?
The property at 16 Melrose Street was built in 1930 and last sold on Apr 10, 2019 for $306,000.
How much is this home worth?
The estimated value of the home located at 16 Melrose Street is $309,581.
What are some comparable homes to 16 Melrose Street?
There are currently no comparable homes to 16 Melrose Street.
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