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Worcester 01603 Webster Square
38 Parsons Hill Dr
Photo of 38 Parsons Hill Dr
Sold on Jun 24, 2025

35

Map

Photo of 38 Parsons Hill Dr
Photo of 38 Parsons Hill Dr
$359,000
● House - Off Market

38 Parsons Hill Dr

Worcester, MA 01603
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,815 Ft²
$1,984
Est. Monthly
6.31%
Cap Rate

About This Property

**Offers Due Friday, May 16 at 7pm**   Welcome to this sunny, spacious home in Worcester's desirable west side, nestled on a quiet, tree-lined street. The first floor features a large living room, dining area, and well-appointed kitchen-enough space as well for a home office. Upstairs, you'll find two generous bedrooms and skylights that fill the rooms with natural light. The finished basement offers even more versatility, with two bonus rooms and an additional ¾ bath-ideal for guests, a home gym, or extra office space. Step outside to enjoy a private back deck overlooking serene woods-your own peaceful retreat right in the city. With 2 bedrooms, 2.5 bathrooms, and smart use of space throughout, this home offers comfort, light, and flexible living in one of Worcester's most sought-after neighborhoods.
Unit Size
1,815 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$185
Property Type
House
Property Taxes
$338
HOA Dues
-
Year Built
1983

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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: 2 years ago (MLSPIN #73372504)

Price History

Date / Event Date Event Price
Jun 24, 2025 Sold
Premium
Sold
May 19, 2025 In contract -
In contract
May 12, 2025 Listed $335,000
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 4
  • Building Style: 0
  • 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: 8
  • Basement Area: 660
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,401
  • Total Building Area: 1,155
  • Gross Building Area: 2,156
  • Building Area: 1,155
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,155
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 731001

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 56-021-0208B
  • Parcel: WORC M:56 B:021 L:0208B
  • Block: 21
  • Lot: 208B
  • Municipality: WORCESTER
  • Latitude: 42.2477
  • Longitude: -71.8564

    Address

  • Full Address: 38-a Parsons Hill Dr
  • Address - House Number: 38-a
  • Address - Street Name: Parsons Hill
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Worcester
  • Carrier Code: C016
  • Zip Code: 01603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $370,700

    Appraisal Valuation

  • Standard Deviation: 0.1719
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 349,379
  • High Value: 409,469
  • Low Value: 289,289

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $258,500
  • Assessed Land Value: $84,900
  • Assessed Improvements Value: $173,600
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:

$419,900

Sale Price/ft²

$263

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2347 ft²

Average Home Age

93.8 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: 2 years ago
Data Source: MLS PIN, MLS# 73372504

Frequently Asked Questions

When was property at 38 Parsons Hill Drive built and last sold?
The property at 38 Parsons Hill Drive was built in 1983 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 38 Parsons Hill Drive is $0.
What are some comparable homes to 38 Parsons Hill Drive?
There are currently no comparable homes to 38 Parsons Hill Drive.
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