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Worcester 01602 West Tatnuck
224 Olean St
$179,000
● House - Off Market

224 Olean St

Worcester, MA 01602
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,634 Ft²
$410,986
RealtyHop Estimate
116.99%
Since Jun 1, 2012
National-US
Primary Model

About This Property

Completely Remodeled bungalow* New Contemporary kitchen with two level peninsula breakfast bar* New Stainless steel Range, Dishwasher & Refrigerator* Sparkling hardwood floors* Huge living/dining room with fireplace* Two New full baths* Expansive master suite with walk-in closet* Second floor laundry* New Deck* Updated boiler & electrical* New double glazed vinyl replacement windows* New insulation* Nothing to do but move in!
Unit Size
1,634 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$116
Property Type
House
Property Taxes
$239
HOA Dues
-
Year Built
1925

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (MLSPIN #71315630)

Price History

Date / Event Date Event Price
May 24, 2012 Sold
Premium
Sold
Dec 1, 2011 Listed by RE/MAX Advantage 1 $189,400
Listed by RE/MAX Advantage 1
Mar 23, 2011 Sold
Premium
Sold
Jun 28, 2010 Listed by RE/MAX Advantage 1 $125,000
Listed by RE/MAX Advantage 1

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,006
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,086
  • Total Building Area: 1,830
  • Gross Building Area: 3,538
  • Building Area: 1,830
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,830
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TATNUCK
  • Land Acres: 0000000163
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730700

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 54-004-0009A
  • Parcel: WORC M:54 B:004 L:0009A
  • Block: 4
  • Lot: 9A
  • Municipality: WORCESTER
  • Latitude: 42.2907
  • Longitude: -71.8637

    Address

  • Full Address: 224 Olean St
  • Address - House Number: 224
  • Address - Street Name: Olean
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C022
  • 4-Digit Zip Code: 4144
  • Zip Code: 01602

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $381,600

    Appraisal Valuation

  • Standard Deviation: 0.1865
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 415,175
  • High Value: 492,638
  • Low Value: 337,711

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $266,100
  • Assessed Land Value: $102,200
  • Assessed Improvements Value: $163,900

    Sales

  • Current Sale Recording Date: May 24, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000005
  • Previous Sale Recording Date: Mar 23, 2011
  • Previous Sale Amount: $77,500
  • 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 West Tatnuck

Stats & Trends

Median Asking:

$482,450

Sale Price/ft²

$286

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2082 ft²

Average Home Age

51.3 years

Currently For Sale

20 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

Rentals Near You

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71315630

Frequently Asked Questions

When was property at 224 Olean Street built and last sold?
The property at 224 Olean Street was built in 1925 and last sold on Jan 1, 1970 for $179,000.
How much is this home worth?
The estimated value of the home located at 224 Olean Street is $198,588.
What are some comparable homes to 224 Olean Street?
There are currently no comparable homes to 224 Olean Street.
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