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Worcester 01602 Webster Square
318 Mill St
$418,000
● House - Off Market

318 Mill St

Worcester, MA 01602
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,530 Ft²
$423,419
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Elegantly updated home in a key location, with an extra lot! This expansive cape offers 4 beds, 1.5 bathrooms, beaming hardwood floors, a four season sun-room, modern bathrooms fixtures and vanities; a gorgeous kitchen with stainless steel appliances and sophisticated quartz counter tops. The kitchen also features a slider that leads right to a beautiful deck. The entire home has been freshly painted. This is the right place for those who are looking for an extra yard space or someone who wants to capitalize on the potential of an extra land!
Unit Size
1,530 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$278
Property Type
House
Property Taxes
$351
HOA Dues
-
Year Built
1938

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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 #73153250)

Price History

Date / Event Date Event Price
Oct 31, 2023 Sold
Premium
Sold
Sep 23, 2023 In contract -
In contract
Aug 28, 2023 Listed by Cedar Wood Realty Group $425,000
Listed by Cedar Wood Realty Group
Jun 30, 2022 Sold
Premium
Sold
Jan 8, 2022 Listed by Cedar Wood Realty Group $349,000
Listed by Cedar Wood Realty Group

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • 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: 837
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,762
  • Total Building Area: 1,530
  • Gross Building Area: 3,100
  • Building Area: 1,530
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,530
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MERRIWETHER GARDENS
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 731002

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 51-004-00012
  • Parcel: WORC M:51 B:004 L:00012
  • Block: 4
  • Lot: 12
  • Municipality: WORCESTER
  • Latitude: 42.2575
  • Longitude: -71.8481

    Address

  • Full Address: 318 Mill St
  • Address - House Number: 318
  • Address - Street Name: Mill
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C033
  • 4-Digit Zip Code: 3129
  • Zip Code: 01602

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $421,500

    Appraisal Valuation

  • Standard Deviation: 0.2344
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 416,095
  • High Value: 513,634
  • Low Value: 318,557

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $293,900
  • Assessed Land Value: $85,700
  • Assessed Improvements Value: $208,200

    Sales

  • Current Sale Contract Date: Oct 31, 2023
  • Current Sale Recording Date: Oct 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 91239
  • Previous Sale Recording Date: Jun 30, 2022
  • Previous Sale Contract Date: Jun 30, 2022
  • Previous Sale Amount: $325,000
  • 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 Webster Square

Stats & Trends

Median Asking:

$422,200

Sale Price/ft²

$262

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2345 ft²

Average Home Age

93.4 years

Currently For Sale

25 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73153250

Frequently Asked Questions

When was property at 318 Mill Street built and last sold?
The property at 318 Mill Street was built in 1938 and last sold on Oct 31, 2023 for $418,000.
How much is this home worth?
The estimated value of the home located at 318 Mill Street is $425,049.
What are some comparable homes to 318 Mill Street?
There are currently no comparable homes to 318 Mill Street.
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