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Worcester 01609 Institute Park
22 Trowbridge Rd
$67,900
● House - Off Market

22 Trowbridge Rd

Worcester, MA 01609
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,321 Ft²
$77,066
RealtyHop Estimate
120.82%
Since May 1, 2011
National-US
Primary Model

About This Property

Large attached single family bordering WPI campus.  Needs complete rehab.  Seller has never lived in the house and has no knowledge of its history or condition.  Property is sold "AS-IS".  All offers must be accompanied by a prequalification from Prospect Mortgage or proof of funds.  All offers must include minimum $1000 deposit by cashier's check or money order.  Contracts must be returned within 48 hours or Seller will cancel.  Seller's Addendum is not negotiable.
Unit Size
2,321 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$15
Property Type
House
Property Taxes
$246
HOA Dues
-
Year Built
1905

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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 #71188642)

Price History

Date / Event Date Event Price
Apr 19, 2011 Sold
Premium
Sold
Mar 2, 2011 Sold
Premium
Sold
Feb 11, 2011 Listed by Rei Realty $34,900
Listed by Rei Realty

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 31
  • Exterior Walls Type: 18
  • 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: 1,012
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,228
  • Total Building Area: 2,756
  • Gross Building Area: 4,610
  • Building Area: 2,756
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,756
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WORCESTER
  • Land Acres: 0000000097
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 731602

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 11-001-0004A
  • Parcel: WORC M:11 B:001 L:0004A
  • Block: 1
  • Lot: 4A
  • Municipality: WORCESTER
  • Latitude: 42.2721
  • Longitude: -71.8099

    Address

  • Full Address: 22 Trowbridge Rd
  • Address - House Number: 22
  • Address - Street Name: Trowbridge
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Worcester
  • Carrier Code: C011
  • 4-Digit Zip Code: 2216
  • Zip Code: 01609

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $473,700

    Appraisal Valuation

  • Standard Deviation: 0.1924
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 424,154
  • High Value: 505,792
  • Low Value: 342,516

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $330,300
  • Assessed Land Value: $62,800
  • Assessed Improvements Value: $267,500

    Sales

  • Current Sale Recording Date: Apr 19, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000003
  • Previous Sale Recording Date: Mar 02, 2011
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: 34
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 Institute Park

Stats & Trends

Median Asking:

$461,250

Sale Price/ft²

$234

Below Asking

0.02%

Average Days on Market

64

Average Home Size

2403 ft²

Average Home Age

106.3 years

Currently For Sale

12 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# 71188642

Frequently Asked Questions

When was property at 22 Trowbridge Road built and last sold?
The property at 22 Trowbridge Road was built in 1905 and last sold on Jan 1, 1970 for $67,900.
How much is this home worth?
The estimated value of the home located at 22 Trowbridge Road is $47,193.
What are some comparable homes to 22 Trowbridge Road?
There are currently no comparable homes to 22 Trowbridge Road.
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