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Worcester 01609 Forest Grove
38 Forest St
$375,000
● House - Off Market

38 Forest St

Worcester, MA 01609
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,641 Ft²
$565,950
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

BEAUTIFUL FOURSQUARE COLONIAL WITH 4-6 BEDROOMS. HARDWOODS - FIREPLACE - HIGH CEILINGS - IN A WALKING AND COMMUTER FRIENDLY NEIGHBORHOOD. HUGE KITCHEN WITH A DECK OFF. 2 CAR GARAGE - GAZEBO - GARDENS - GREAT HOME FOR ENTERTAINING. RELAXING FARMER'S PORCH FOR MORNING COFFEE OR WATCHING THE SUNSET. WALK TO WPI, AMER. ANTIQUARIAN, ART MUSEUM AND THE NEW TROLLEY YARD SHOPPES. 5 MINUTE DRIVE TO RTE. 190 - 290.
Unit Size
2,641 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$146
Property Type
House
Property Taxes
$450
HOA Dues
-
Year Built
1920

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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 #72482238)

Price History

Date / Event Date Event Price
Jun 19, 2019 Sold
Premium
Sold
Apr 14, 2019 Listed by DCU Realty - Marlboro $385,000
Listed by DCU Realty - Marlboro
Apr 26, 2013 Sold
Premium
Sold
Mar 1, 2013 Listed by DCU Realty - Marlboro $299,900
Listed by DCU Realty - Marlboro

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,189
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,517
  • Total Building Area: 2,641
  • Gross Building Area: 5,167
  • Building Area: 2,641
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,641
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000196
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730600

Zoning

  • Zoning: RS-10

Geography

  • Account Number: 20-036-00002
  • Parcel: WORC M:20 B:036 L:00002
  • Block: 36
  • Lot: 2
  • Municipality: WORCESTER
  • Latitude: 42.2845
  • Longitude: -71.815

    Address

  • Full Address: 38 Forest St
  • Address - House Number: 38
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C007
  • 4-Digit Zip Code: 1730
  • Zip Code: 01609

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $603,400

    Appraisal Valuation

  • Standard Deviation: 0.1814
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 555,939
  • High Value: 656,804
  • Low Value: 455,075

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $420,800
  • Assessed Land Value: $105,800
  • Assessed Improvements Value: $315,000

    Sales

  • Current Sale Contract Date: Jun 12, 2019
  • Current Sale Recording Date: Jun 19, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 56983
  • Previous Sale Recording Date: Apr 26, 2013
  • Previous Sale Amount: $304,325
  • 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 Forest Grove

Stats & Trends

Median Asking:

$519,900

Sale Price/ft²

$294

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1902 ft²

Average Home Age

83.1 years

Currently For Sale

24 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# 72482238

Frequently Asked Questions

When was property at 38 Forest Street built and last sold?
The property at 38 Forest Street was built in 1920 and last sold on Jun 12, 2019 for $375,000.
How much is this home worth?
The estimated value of the home located at 38 Forest Street is $406,053.
What are some comparable homes to 38 Forest Street?
There are currently no comparable homes to 38 Forest Street.
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