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Worcester 01604 Grafton Hill
31 Ernest Ave
$385,000
● House - Off Market

31 Ernest Ave

Worcester, MA 01604
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,952 Ft²
$389,463
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Spacious Colonial features many updates and fine details! This home was originally a Cape, second story expansion was completed in 1991. Offering a large eat in kitchen with ample storage cabinets! Tile floors, replacement windows, first floor full bath with washer & dryer! Dining room (was previously a first floor bedroom), gorgeous hardwood floors! Family room has large windows and a fireplace! Wait until you see the master bedroom with cathedral ceiling, dressing area with two closets and double doors to balcony !! New roof just installed January 2022!! Recent gas boiler approximately 5 years old! There is an older half bath in the basement ! Great house in a great location with a nice yard, easy access to highways and shopping! Don't delay !
Unit Size
1,952 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$197
Property Type
House
Property Taxes
$366
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 #72973274)

Price History

Date / Event Date Event Price
Jun 27, 2022 Sold
Premium
Sold
Apr 27, 2022 Listed by RE/MAX Advantage 1 $385,000
Listed by RE/MAX Advantage 1

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 5
  • 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: 960
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,333
  • Total Building Area: 1,952
  • Gross Building Area: 2,928
  • Building Area: 1,952
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,952
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000191
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732302

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 38-009-04+4A
  • Parcel: WORC M:38 B:009 L:04+4A
  • Block: 9
  • Lot: 4+4A
  • Municipality: WORCESTER
  • Latitude: 42.2558
  • Longitude: -71.7668

    Address

  • Full Address: 31 Ernest Ave
  • Address - House Number: 31
  • Address - Street Name: Ernest
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C021
  • 4-Digit Zip Code: 2325
  • Zip Code: 01604

Valuation

    Tax

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

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 431,286
  • High Value: 512,145
  • Low Value: 350,426

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $332,600
  • Assessed Land Value: $102,600
  • Assessed Improvements Value: $230,000

    Sales

  • Current Sale Contract Date: Jun 27, 2022
  • Current Sale Recording Date: Jun 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 69798
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 Grafton Hill

Stats & Trends

Median Asking:

$449,950

Sale Price/ft²

$277

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1747 ft²

Average Home Age

69.3 years

Currently For Sale

22 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# 72973274

Frequently Asked Questions

When was property at 31 Ernest Avenue built and last sold?
The property at 31 Ernest Avenue was built in 1951 and last sold on Jun 27, 2022 for $385,000.
How much is this home worth?
The estimated value of the home located at 31 Ernest Avenue is $400,709.
What are some comparable homes to 31 Ernest Avenue?
There are currently no comparable homes to 31 Ernest Avenue.
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