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Worcester 01609 Salisbury Street
2 Terrace Dr
$570,000
● House - Off Market

2 Terrace Dr

Worcester, MA 01609
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,330 Ft²
$3,271
Est. Monthly

About This Property

BOM. Due to buyer financing falling through MOTIVATED SELLERS... Rare opportunity to own this beautiful ranch style home in sought after Newton Square neighborhood on the West Side. Don't miss out on this opportunity to own a meticulously maintained home. Spacious living area with beautiful hardwood floors and fireplace. Relax on your deck overlooking a beautiful back yard or you can enjoy the outdoors from the patio underneath. The basement is a finished basement with beautiful tile flooring in the huge open area, this area has potential to be an in-law apartment with outside access. There is kitchen space and another bedroom, bathroom and office space as well.
Unit Size
2,330 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$244
Property Type
House
Property Taxes
$477
HOA Dues
-
Year Built
1951

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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 #73241919)

Price History

Date / Event Date Event Price
Sep 23, 2024 Sold
Premium
Sold
Aug 30, 2024 In contract -
In contract
Aug 22, 2024 Relisted $312,500
Relisted
Aug 22, 2024 Price Increased $569,000
↑ $257K (82.1%)
Price Increased
May 28, 2024 Listed by Coldwell Banker Realty - Worcester $569,000
Listed by Coldwell Banker Realty - Worcester
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,508
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,196
  • Total Building Area: 1,600
  • Gross Building Area: 3,880
  • Building Area: 1,600
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,600
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000395
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730801

Zoning

  • Zoning: RS-10

Geography

  • Account Number: 43-006-00081
  • Parcel: WORC M:43 B:006 L:00081
  • Block: 6
  • Lot: 81
  • Municipality: WORCESTER
  • Latitude: 42.2769
  • Longitude: -71.8224

    Address

  • Full Address: 2 Terrace Dr
  • Address - House Number: 2
  • Address - Street Name: Terrace
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Worcester
  • Carrier Code: C009
  • 4-Digit Zip Code: 1416
  • Zip Code: 01609

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $572,500

    Appraisal Valuation

  • Standard Deviation: 0.187
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 507,127
  • High Value: 602,001
  • Low Value: 412,252

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $399,200
  • Assessed Land Value: $106,700
  • Assessed Improvements Value: $292,500

    Sales

  • Current Sale Contract Date: Mar 30, 2020
  • Current Sale Recording Date: Apr 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 43414
  • Previous Sale Recording Date: Apr 27, 2007
  • Previous Sale Amount: $312,500
  • Previous Sale Document Type: 27
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 Salisbury Street

Stats & Trends

Median Asking:

$646,700

Sale Price/ft²

$265

Below Asking

0.01%

Average Days on Market

56

Average Home Size

3249 ft²

Average Home Age

85.4 years

Currently For Sale

14 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# 73241919

Frequently Asked Questions

When was property at 2 Terrace Drive built and last sold?
The property at 2 Terrace Drive was built in 1951 and last sold on Mar 30, 2020 for $350,000.
How much is this home worth?
The estimated value of the home located at 2 Terrace Drive is $570,231.
What are some comparable homes to 2 Terrace Drive?
There are currently no comparable homes to 2 Terrace Drive.
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