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Worcester 01610 Vernon Hill
48 Vernon St
$350,000
● Commercial - Off Market

48 Vernon St

Worcester, MA 01610
bedrooms
Studio
bathrooms
0 Bath
square feet
6,496 Ft²
$677,288
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

Looking to kick off the New Year with a new location for your business? LOOK NO FURTHER!  Come see this Remarkable property in the heart of Worcester today! Zoned RG5 - residential single family. However, some business use is allowed through special permitting. Access to all major routes in Central Mass!
Unit Size
6,496 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$61
Property Type
Commercial
Property Taxes
$962
HOA Dues
-
Year Built
1920

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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: 6 months ago (MLSPIN #71945051)

Price History

Date / Event Date Event Price
Jun 7, 2016 Sold
Premium
Sold
Jan 3, 2016 Listed by Eastern Alliance Realty, LLC $399,000
Listed by Eastern Alliance Realty, LLC
Feb 19, 2009 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 5
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 2,624
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,517
  • Total Building Area: 6,496
  • Gross Building Area: 13,653
  • Building Area: 6,496
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 6,496
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000287
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732600

Zoning

  • Zoning: RG-5

Geography

  • Account Number: 5-018-21+22
  • Parcel: WORC M:05 B:018 L:21+22
  • Block: 18
  • Lot: 21+22
  • Municipality: WORCESTER
  • Latitude: 42.2518
  • Longitude: -71.7959

    Address

  • Full Address: 48 Vernon St
  • Address - House Number: 48
  • Address - Street Name: Vernon
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C015
  • 4-Digit Zip Code: 1936
  • Zip Code: 01610

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,139,500

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 801,020
  • High Value: 928,962
  • Low Value: 673,079

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $794,600
  • Assessed Land Value: $62,000
  • Assessed Improvements Value: $732,600

    Sales

  • Current Sale Recording Date: Jun 07, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 58673
  • Previous Sale Recording Date: Feb 19, 2009
  • Previous Sale Amount: $290,000
  • 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 Vernon Hill

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$209

Below Asking

0.02%

Average Days on Market

62

Average Home Size

3007 ft²

Average Home Age

113.9 years

Currently For Sale

20 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: 6 months ago
Data Source: MLS PIN, MLS# 71945051

Frequently Asked Questions

When was property at 48 Vernon Street built and last sold?
The property at 48 Vernon Street was built in 1920 and last sold on Jan 1, 1970 for $350,000.
How much is this home worth?
The estimated value of the home located at 48 Vernon Street is $398,790.
What are some comparable homes to 48 Vernon Street?
There are currently no comparable homes to 48 Vernon Street.
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