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Worcester 01602 Newton Square
2 Suburban Rd
$350,000
● House - Off Market

2 Suburban Rd

Worcester, MA 01602
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,333 Ft²
$369,355
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Absolutely Charming Bungalow in Worcester's Desirable West Side. This updated home has two bedrooms; fireplaced living room; kitchen with center island, granite counters, and stainless appliances; full bath with double vanity; hardwood floors; main level laundry; cedar closet; private patio and deck; gorgeous, fenced-in grounds; two car garage. Current tenant has lease until November 2023. Close to all of Worcester's Cultural Offerings (Art Museum, Polar Park, etc); restaurants; shops; WPI; parks; and major highways.
Unit Size
1,333 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$263
Property Type
House
Property Taxes
$354
HOA Dues
-
Year Built
1958

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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 #73032753)

Price History

Date / Event Date Event Price
Nov 4, 2022 Sold
Premium
Sold
Sep 6, 2022 Listed by Coldwell Banker Realty - Worcester $350,000
Listed by Coldwell Banker Realty - Worcester
Aug 6, 2014 Sold
Premium
Sold
May 16, 2014 Listed by Coldwell Banker Realty - Worcester $212,000
Listed by Coldwell Banker Realty - Worcester
Jun 30, 2011 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • 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: 0
  • Building Style: 11
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 6
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,334
  • Total Building Area: 1,333
  • Gross Building Area: 1,661
  • Building Area: 1,333
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,333
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SAUL GREEN REALTY
  • Land Acres: 0000000168
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 11-012-00006
  • Parcel: WORC M:11 B:012 L:00006
  • Block: 12
  • Lot: 6
  • Municipality: WORCESTER
  • Latitude: 42.2704
  • Longitude: -71.8219

    Address

  • Full Address: 2 Suburban Rd
  • Address - House Number: 2
  • Address - Street Name: Suburban
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Worcester
  • Carrier Code: C004
  • 4-Digit Zip Code: 4215
  • Zip Code: 01602

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $476,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.0859
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 93
  • Final Value: 357,121
  • High Value: 387,821
  • Low Value: 326,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $332,600
  • Assessed Land Value: $102,300
  • Assessed Improvements Value: $230,300

    Sales

  • Current Sale Contract Date: Nov 04, 2022
  • Current Sale Recording Date: Nov 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 119808
  • Previous Sale Recording Date: Aug 06, 2014
  • Previous Sale Amount: $180,000
  • 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 Newton Square

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$273

Below Asking

0.02%

Average Days on Market

60

Average Home Size

5536 ft²

Average Home Age

112.4 years

Currently For Sale

10 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73032753

Frequently Asked Questions

When was property at 2 Suburban Road built and last sold?
The property at 2 Suburban Road was built in 1958 and last sold on Nov 4, 2022 for $350,000.
How much is this home worth?
The estimated value of the home located at 2 Suburban Road is $344,899.
What are some comparable homes to 2 Suburban Road?
There are currently no comparable homes to 2 Suburban Road.
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