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Worcester 01604 Broadmeadow Brook
40 Tamar Ave
$197,500
● House - Off Market

40 Tamar Ave

Worcester, MA 01604
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,120 Ft²
$191,214
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

This house is in need of a complete 100% rehab and cannot be financed conventionally. The rehab will exceed 100K and we are disclosing this up front. The home is also subject to approval from liens outstanding that will be discharged upon sale and approval of the purchase price. House will not be shown until open house scheduled for Sunday Sunday 8/29 at noon till 2. Buyer purchases with all contents and responsible for all issues. Looking for quick close as well subject to clear title and lien releases.
Unit Size
1,120 Ft²
Days on Market
-
Land Size
0.68 acres
Price per sqft
$152
Property Type
House
Property Taxes
$270
HOA Dues
-
Year Built
1935

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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 years ago (MLSPIN #72885806)

Price History

Date / Event Date Event Price
Mar 3, 2022 Sold
Premium
Sold
Oct 18, 2021 Sold
Premium
Sold
Aug 24, 2021 Listed by Scoreboard Realty Corporation $169,900
Listed by Scoreboard Realty Corporation

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 920
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,670
  • Total Building Area: 1,120
  • Gross Building Area: 2,640
  • Building Area: 1,120
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000681
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732801

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 34-030-00019
  • Parcel: WORC M:34 B:030 L:00019
  • Block: 30
  • Lot: 19
  • Municipality: WORCESTER
  • Latitude: 42.2335
  • Longitude: -71.7623

    Address

  • Full Address: 40 Tamar Ave
  • Address - House Number: 40
  • Address - Street Name: Tamar
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C005
  • 4-Digit Zip Code: 3526
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $382,400
  • Initial Tax Delinquent Year: 2013

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 377,425
  • High Value: 448,186
  • Low Value: 306,663

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $266,700
  • Assessed Land Value: $104,800
  • Assessed Improvements Value: $161,900

    Sales

  • Current Sale Contract Date: Mar 02, 2022
  • Current Sale Recording Date: Mar 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 24306
  • Previous Sale Recording Date: Oct 18, 2021
  • Previous Sale Contract Date: Oct 15, 2021
  • Previous Sale Amount: $197,500
  • 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 Broadmeadow Brook

Stats & Trends

Median Asking:

$449,000

Sale Price/ft²

$270

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1515 ft²

Average Home Age

50.1 years

Currently For Sale

17 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 years ago
Data Source: MLS PIN, MLS# 72885806

Frequently Asked Questions

When was property at 40 Tamar Avenue built and last sold?
The property at 40 Tamar Avenue was built in 1935 and last sold on Mar 2, 2022 for $358,480.
How much is this home worth?
The estimated value of the home located at 40 Tamar Avenue is $0.
What are some comparable homes to 40 Tamar Avenue?
There are currently no comparable homes to 40 Tamar Avenue.
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