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Worcester 01605 Forest Grove
40 Nelson Pl
$319,000
● House - Off Market

40 Nelson Pl

Worcester, MA 01605
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,155 Ft²
$485,997
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model

About This Property

***Better than new and well maintained home located near Indian Lake!  ~~~So many possibilities located across from Nelson Place Elementary School.~~~Convenient location yet on a dead end street for privacy.  Come see this spacious 4 bedroom, 2 bathroom Colonial home. ***Unique property boasts In-Law/Teen Suite with a separate entrance for privacy, Brand new roof with a 50 year warranty, 2 laundry areas, gleaming hardwoods, roof top deck, carport and fenced-in flat backyard perfect for any occasion. Enjoy the sun-room which is perfect for entertaining or just relaxation! ^^^ Large basement with extra bath, perfect getaway for anyone! Excellent commuter location within minutes to routes 290/190 and many amenities.~~~
Unit Size
2,155 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$151
Property Type
House
Property Taxes
$397
HOA Dues
-
Year Built
1954

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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: 5 months ago (MLSPIN #72439221)

Price History

Date / Event Date Event Price
Nov 24, 2021 Sold
Premium
Sold
Aug 18, 2021 Listed by Keller Williams Realty Greater Worcester $450,000
Listed by Keller Williams Realty Greater Worcester
Mar 5, 2019 Sold
Premium
Sold
Jan 9, 2019 Listed by Keller Williams Realty Greater Worcester $324,900
Listed by Keller Williams Realty Greater Worcester
Dec 26, 2018 No longer available -
No longer available
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • 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: 936
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,866
  • Total Building Area: 2,155
  • Gross Building Area: 3,790
  • Building Area: 2,155
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,155
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000181
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 21-022-00004
  • Parcel: WORC M:21 B:022 L:00004
  • Block: 22
  • Lot: 4
  • Municipality: WORCESTER
  • Latitude: 42.2958
  • Longitude: -71.822

    Address

  • Full Address: 40 Nelson Pl
  • Address - House Number: 40
  • Address - Street Name: Nelson
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Worcester
  • Carrier Code: C010
  • 4-Digit Zip Code: 1148
  • Zip Code: 01605

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $565,700

    Appraisal Valuation

  • Standard Deviation: 0.1818
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 530,002
  • High Value: 626,407
  • Low Value: 433,597

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $394,500
  • Assessed Land Value: $105,600
  • Assessed Improvements Value: $288,900

    Sales

  • Current Sale Contract Date: Nov 23, 2021
  • Current Sale Recording Date: Nov 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 165222
  • Previous Sale Recording Date: Mar 05, 2019
  • Previous Sale Contract Date: Feb 25, 2019
  • Previous Sale Amount: $319,000
  • 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 Forest Grove

Stats & Trends

Median Asking:

$500,000

Sale Price/ft²

$303

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1965 ft²

Average Home Age

85.7 years

Currently For Sale

29 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72439221

Frequently Asked Questions

When was property at 40 Nelson Place built and last sold?
The property at 40 Nelson Place was built in 1954 and last sold on Nov 23, 2021 for $433,000.
How much is this home worth?
The estimated value of the home located at 40 Nelson Place is $450,831.
What are some comparable homes to 40 Nelson Place?
There are currently no comparable homes to 40 Nelson Place.
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