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Worcester 01602 Newton Square
16 Richmond Ave
$42,750
● House - Off Market

16 Richmond Ave

Worcester, MA 01602
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,800 Ft²
$72,713
RealtyHop Estimate
86.44%
Since Feb 1, 2015
National-US
Primary Model

About This Property

Needs Work, buyer is responsible for smoke cert fees and any other final read fees that may apply, buyers to do due diligence. Sold as is where is.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$22
Property Type
House
Property Taxes
$251
HOA Dues
-
Year Built
1910

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71661290)

Price History

Date / Event Date Event Price
Mar 4, 2015 Sold
Premium
Sold
Jan 22, 2015 Sold
Premium
Sold
Apr 15, 2014 Listed by Mass. Real Estate Solutions, LLC $39,000
Listed by Mass. Real Estate Solutions, LLC

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 960
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,130
  • Total Building Area: 1,870
  • Gross Building Area: 2,925
  • Building Area: 1,870
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,870
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000118
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730802

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 11-023-00026
  • Parcel: WORC M:11 B:023 L:00026
  • Block: 23
  • Lot: 26
  • Municipality: WORCESTER
  • Latitude: 42.2746
  • Longitude: -71.8309

    Address

  • Full Address: 16 Richmond Ave
  • Address - House Number: 16
  • Address - Street Name: Richmond
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C001
  • 4-Digit Zip Code: 1504
  • Zip Code: 01602

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $581,600
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2051
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 463,499
  • High Value: 558,581
  • Low Value: 368,417

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $405,600
  • Assessed Land Value: $86,200
  • Assessed Improvements Value: $319,400

    Sales

  • Current Sale Recording Date: Mar 04, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18053
  • Previous Sale Recording Date: Jan 22, 2015
  • Previous Sale Amount: $42,750
  • Previous Sale Document Type: 35
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 Newton Square

Stats & Trends

Median Asking:

$527,450

Sale Price/ft²

$272

Below Asking

0.02%

Average Days on Market

62

Average Home Size

4993 ft²

Average Home Age

110.7 years

Currently For Sale

11 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# 71661290

Frequently Asked Questions

When was property at 16 Richmond Avenue built and last sold?
The property at 16 Richmond Avenue was built in 1910 and last sold on Jan 1, 1970 for $80,000.
How much is this home worth?
The estimated value of the home located at 16 Richmond Avenue is $63,044.
What are some comparable homes to 16 Richmond Avenue?
There are currently no comparable homes to 16 Richmond Avenue.
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