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Worcester 01605 Brittan Square
18 Melrose St
$375,000
● House - Off Market

18 Melrose St

Worcester, MA 01605
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,820 Ft²
$389,284
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Welcome Home!  Pride of ownership shows in this must see 7 room, 3 bedroom 1.5 bath Colonial features hardwood floors throughout, spacious front to back fireplaced livingroom, a nice formal dining room, an eat in kitchen with recent stainless steel appliances and a half bath.  The master bedroom is oversized with a walk in closet.  Relax in the cozy, heated and bright Sunroom.  Updates include: newer windows, recent roof and gas hot water tank.  Plenty of extra room in the finished basement with separate laundry room.  The back yard is level and a great area to spend your Summer.  The home also has a 1 car garage under and is conveniently located near highways.
Unit Size
1,820 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$198
Property Type
House
Property Taxes
$344
HOA Dues
-
Year Built
1920

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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 #72915330)

Price History

Date / Event Date Event Price
Jan 12, 2022 Sold
Premium
Sold
Nov 2, 2021 Listed by RE/MAX Advantage 1 $359,900
Listed by RE/MAX Advantage 1

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 442
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,811
  • Total Building Area: 1,820
  • Gross Building Area: 2,822
  • Building Area: 1,820
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,820
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000179
  • 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: 22-031-00030
  • Parcel: WORC M:22 B:031 L:00030
  • Block: 31
  • Lot: 30
  • Municipality: WORCESTER
  • Latitude: 42.2899
  • Longitude: -71.7881

    Address

  • Full Address: 18 Melrose St
  • Address - House Number: 18
  • 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: $469,300

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 447,290
  • High Value: 531,191
  • Low Value: 363,388

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $327,300
  • Assessed Land Value: $102,500
  • Assessed Improvements Value: $224,800

    Sales

  • Current Sale Contract Date: Jan 12, 2022
  • Current Sale Recording Date: Jan 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4359
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:

$449,950

Sale Price/ft²

$247

Below Asking

0.03%

Average Days on Market

77

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# 72915330

Frequently Asked Questions

When was property at 18 Melrose Street built and last sold?
The property at 18 Melrose Street was built in 1920 and last sold on Jan 12, 2022 for $375,000.
How much is this home worth?
The estimated value of the home located at 18 Melrose Street is $370,013.
What are some comparable homes to 18 Melrose Street?
There are currently no comparable homes to 18 Melrose Street.
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