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Worcester 01602 Salisbury Street
40 Massachusetts Avenue
$250,000
● House - Off Market

40 Massachusetts Avenue

Worcester, MA 01602
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,982 Ft²
$526,314
RealtyHop Estimate
106.40%
Since Jun 1, 2004
National-US
Primary Model

About This Property

Lovely Gambrel with white picket fence in Hammond Heights.  Wood floors throughout.  Deleaded and all windows on 1st and 2nd floor replaced in last 7 years. Roof approximately 5 years old. Updated electric. Front to back living room with fireplace.  Large master bedroom.  Leaded glass built-ins in dining room.  Charm and character!
Unit Size
1,982 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$129
Property Type
House
Property Taxes
$248
HOA Dues
-
Year Built
1923

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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 #70007456)

Price History

Date / Event Date Event Price
May 25, 2004 Sold
Premium
Sold
Mar 17, 2004 Listed by Tina Bilazarian, Inc. $255,000
Listed by Tina Bilazarian, Inc.
Aug 29, 1994 Sold
Premium
Sold
Mar 10, 1994 Listed by Tina Bilazarian, Inc. $126,000
Listed by Tina Bilazarian, Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 760
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,200
  • Total Building Area: 2,174
  • Gross Building Area: 4,331
  • Building Area: 2,174
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,174
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000119
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730801

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 20-017-00022
  • Parcel: WORC M:20 B:017 L:00022
  • Block: 17
  • Lot: 22
  • Municipality: WORCESTER
  • Latitude: 42.2742
  • Longitude: -71.8146

    Address

  • Full Address: 40 Massachusetts Ave
  • Address - House Number: 40
  • Address - Street Name: Massachusetts
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C004
  • 4-Digit Zip Code: 2139
  • Zip Code: 01602

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $528,000

    Appraisal Valuation

  • Standard Deviation: 0.1865
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 489,867
  • High Value: 581,266
  • Low Value: 398,467

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $368,200
  • Assessed Land Value: $86,800
  • Assessed Improvements Value: $281,400

    Sales

  • Current Sale Recording Date: May 25, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 92565
  • Previous Sale Recording Date: Aug 29, 1994
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: 27

    Open Lien Mortgages

  • Third Open Lien Mortgage Interest Rate Type: Y
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 Salisbury Street

Stats & Trends

Median Asking:

$646,700

Sale Price/ft²

$265

Below Asking

0.01%

Average Days on Market

56

Average Home Size

3249 ft²

Average Home Age

85.4 years

Currently For Sale

14 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# 70007456

Frequently Asked Questions

When was property at 40 Massachusetts Avenue built and last sold?
The property at 40 Massachusetts Avenue was built in 1923 and last sold on Jan 1, 1970 for $250,000.
How much is this home worth?
The estimated value of the home located at 40 Massachusetts Avenue is $268,572.
What are some comparable homes to 40 Massachusetts Avenue?
There are currently no comparable homes to 40 Massachusetts Avenue.
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