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Worcester 01604 Grafton Hill
18 Ernest Avenue
$117,000
● Land - Off Market

18 Ernest Avenue

Worcester, MA 01604
bedrooms
Studio
bathrooms
0 Bath
$141,900
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Beautiful, flat lot ideal for a single family home. Minimal site work, maybe a tree or two. The lot sets up great for a split level house. Location offers easy access to the MASS Pike, UMASS/Memorial Lake Ave Campus, the Bio-Tech Park, Commuter rail and so much more. There aren't many of these lots available here in the City so don't delay.
Unit Size
-
Days on Market
-
Land Size
0.18 acres
Price per sqft
-
Property Type
Land
Property Taxes
$89
HOA Dues
-
Year Built
2022

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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 #72875222)

Price History

Date / Event Date Event Price
Jan 10, 2023 Sold
Premium
Sold
Sep 3, 2021 Sold
Premium
Sold
Aug 3, 2021 Listed by RE/MAX Advantage 1 $125,000
Listed by RE/MAX Advantage 1

Property Highlights

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,668
  • Total Building Area: 2,376
  • Gross Building Area: 4,207
  • Building Area: 2,376
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,376
  • Heating Fuel Type: 5

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000176
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732301

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 18-040-00023
  • Parcel: WORC M:18 B:040 L:00023-01
  • Block: 40
  • Lot: 23-1
  • Municipality: WORCESTER
  • Latitude: 42.2552
  • Longitude: -71.7664

    Address

  • Full Address: 18 Ernest Ave
  • Address - House Number: 18
  • Address - Street Name: Ernest
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C021
  • 4-Digit Zip Code: 2326
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $299,000

    Appraisal Valuation

  • Standard Deviation: 0.2153
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 559,004
  • High Value: 679,398
  • Low Value: 438,611

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $208,500
  • Assessed Land Value: $102,400
  • Assessed Improvements Value: $106,100

    Sales

  • Current Sale Contract Date: Jan 03, 2023
  • Current Sale Recording Date: Jan 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2425
  • Previous Sale Recording Date: Sep 03, 2021
  • Previous Sale Contract Date: Sep 03, 2021
  • Previous Sale Amount: $117,000
  • 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 Grafton Hill

Stats & Trends

Median Asking:

$449,950

Sale Price/ft²

$277

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1747 ft²

Average Home Age

69.3 years

Currently For Sale

22 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 42 Vernon Street, MA, 01610

$958 /mo

  • 1 Bed
  • 1 Bath
42 Vernon Street, MA, 01610 Listing by Rick Rivera
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# 72875222

Frequently Asked Questions

When was property at 18 Ernest Avenue built and last sold?
The property at 18 Ernest Avenue was built in 2022 and last sold on Jan 3, 2023 for $550,000.
How much is this home worth?
The estimated value of the home located at 18 Ernest Avenue is $126,250.
What are some comparable homes to 18 Ernest Avenue?
There are currently no comparable homes to 18 Ernest Avenue.
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