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Worcester 01609 Salisbury Street
40 Oak Hill Rd
$300,000
● House - Off Market

40 Oak Hill Rd

Worcester, MA 01609
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,691 Ft²
$453,908
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Location location location! Situated in the sought after Salisbury area, this home offers location and so much more. Boasting 5 bedrooms and 4.5 baths with 2600+sf of living, this home awaits your creativity and ideas. Walls of glass, multiple fireplaces, recent roof with solar panels for efficient electric (see attached solar agreement), open floor plan, built-ins, young heating system and central air , circular drive and more.  Experience all that Worcester has to offer with commuter rail train, theatre, restaurants as well as easy access to major highways and close proximity to Worcester Airport. This is an estate and the Personal Representative has had a pre-listing inspection. Any offer should come with acknowledgement of this inspection, and offers should be made in "as-is" condition.
Unit Size
2,691 Ft²
Days on Market
-
Land Size
0.62 acres
Price per sqft
$111
Property Type
House
Property Taxes
$606
HOA Dues
-
Year Built
1956

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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 #72321092)

Price History

Date / Event Date Event Price
Jul 5, 2018 Sold
Premium
Sold
May 4, 2018 Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave. $300,000
Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave.
Jun 29, 2001 Sold
Premium
Sold
Feb 12, 2001 Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave. $349,000
Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 41
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 2,154
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,946
  • Total Building Area: 2,691
  • Gross Building Area: 6,421
  • Building Area: 2,691
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,691
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000619
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: RS-10

Geography

  • Account Number: 25-033-00004
  • Parcel: WORC M:25 B:033 L:00004
  • Block: 33
  • Lot: 4
  • Municipality: WORCESTER
  • Latitude: 42.2891
  • Longitude: -71.8338

    Address

  • Full Address: 40 Oak Hill Rd
  • Address - House Number: 40
  • Address - Street Name: Oak Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Worcester
  • Carrier Code: C017
  • 4-Digit Zip Code: 1230
  • Zip Code: 01609

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $789,700
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1756
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 680,600
  • High Value: 800,144
  • Low Value: 561,056

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $550,700
  • Assessed Land Value: $108,700
  • Assessed Improvements Value: $442,000

    Sales

  • Current Sale Recording Date: Jul 05, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 68037
  • Previous Sale Recording Date: Jun 29, 2001
  • Previous Sale Amount: $335,000
  • Previous Sale Document Type: 27
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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72321092

Frequently Asked Questions

When was property at 40 Oak Hill Road built and last sold?
The property at 40 Oak Hill Road was built in 1956 and last sold on Jan 1, 1970 for $300,000.
How much is this home worth?
The estimated value of the home located at 40 Oak Hill Road is $301,642.
What are some comparable homes to 40 Oak Hill Road?
There are currently no comparable homes to 40 Oak Hill Road.
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