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Worcester 01606 Indian Hill
25 Ridgewood Rd
$310,000
● House - Off Market

25 Ridgewood Rd

Worcester, MA 01606
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,080 Ft²
$1,853
Est. Monthly

About This Property

Welcome home to this cozy cape. Located in the Indian Hill side of Worcester. The home features a 2 bedroom plus a bonus room that can be used as an office, dining area, bedroom or whatever your heart desires. Solar panels were installed in 2022. Seller has yet to receive an Electric bill. (see attached) Electric and thermostats and dishwasher were installed/ updated in 2022 as well. The basement which features washer/ dryer hookups was in the process of being remodeled but never completed. This is an excellent opportunity to add your personal touches. The house is being sold "as is". Let's begin the New Year in a new home.
Unit Size
1,080 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$287
Property Type
House
Property Taxes
$330
HOA Dues
-
Year Built
1943

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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: 4 months ago (MLSPIN #73184978)

Price History

Date / Event Date Event Price
Feb 2, 2024 Sold
Premium
Sold
Dec 18, 2023 In contract -
In contract
Dec 4, 2023 Listed by Century 21 XSELL REALTY $310,000
Listed by Century 21 XSELL REALTY
Nov 5, 2021 Sold
Premium
Sold
Sep 15, 2021 Listed by Century 21 XSELL REALTY $289,900
Listed by Century 21 XSELL REALTY
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1943
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 720
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,652
  • Total Building Area: 1,080
  • Gross Building Area: 2,316
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000176
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730100

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 37-034-00016
  • Parcel: WORC M:37 B:034 L:00016
  • Block: 34
  • Lot: 16
  • Municipality: WORCESTER
  • Latitude: 42.3161
  • Longitude: -71.8121

    Address

  • Full Address: 25 Ridgewood Rd
  • Address - House Number: 25
  • Address - Street Name: Ridgewood
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Worcester
  • Carrier Code: C005
  • 4-Digit Zip Code: 2506
  • Zip Code: 01606

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $396,200

    Appraisal Valuation

  • Standard Deviation: 0.0853
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 93
  • Final Value: 313,587
  • High Value: 340,352
  • Low Value: 286,821

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $276,300
  • Assessed Land Value: $102,400
  • Assessed Improvements Value: $173,900

    Sales

  • Current Sale Contract Date: Feb 02, 2024
  • Current Sale Recording Date: Feb 02, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8423
  • Previous Sale Recording Date: Nov 05, 2021
  • Previous Sale Contract Date: Nov 05, 2021
  • Previous Sale Amount: $279,000
  • 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 Indian Hill

Stats & Trends

Median Asking:

$429,000

Sale Price/ft²

$298

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2170 ft²

Average Home Age

67.6 years

Currently For Sale

8 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73184978

Frequently Asked Questions

When was property at 25 Ridgewood Road built and last sold?
The property at 25 Ridgewood Road was built in 1943 and last sold on Feb 2, 2024 for $310,000.
How much is this home worth?
The estimated value of the home located at 25 Ridgewood Road is $312,062.
What are some comparable homes to 25 Ridgewood Road?
There are currently no comparable homes to 25 Ridgewood Road.
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