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Worcester 01602 Webster Square
490A Mill Street
$195,000
● House - Off Market

490A Mill Street

Worcester, MA 01602
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,976 Ft²
$409,914
RealtyHop Estimate
86.41%
Since Nov 1, 2014
National-US
Primary Model

About This Property

Unique home on Patch Pond... great fishing and swimming!  Main level has living room with fireplace, 3 bedrooms and 1 bath...all with beautiful hardwood floors.  Lower  level walk out has lots of full size windows. Here you'll find your kitchen and family room with a second fireplace.  There is a second bath in the lower level.  Also a work room/storage/pantry which has a walkout.   New deck overlooking the water.
Unit Size
1,976 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$111
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1958

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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 #71649885)

Price History

Date / Event Date Event Price
Oct 10, 2014 Sold
Premium
Sold
Mar 26, 2014 Listed by Paramount Realty Group $219,900
Listed by Paramount Realty Group

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 4
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,290
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,320
  • Total Building Area: 1,070
  • Gross Building Area: 2,799
  • Building Area: 1,070
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,070
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000237
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730902

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 30-028-00002
  • Parcel: WORC M:30 B:028 L:00002
  • Block: 28
  • Lot: 2
  • Municipality: WORCESTER
  • Latitude: 42.2691
  • Longitude: -71.8543

    Address

  • Full Address: 490a Mill St
  • Address - House Number: 490a
  • Address - Street Name: Mill
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C009
  • 4-Digit Zip Code: 2444
  • Zip Code: 01602

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $514,100

    Appraisal Valuation

  • Standard Deviation: 0.1984
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 73
  • Final Value: 409,874
  • High Value: 491,234
  • Low Value: 328,514

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $358,500
  • Assessed Land Value: $129,000
  • Assessed Improvements Value: $229,500

    Sales

  • Current Sale Recording Date: Oct 10, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 95561
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 Webster Square

Stats & Trends

Median Asking:

$422,200

Sale Price/ft²

$262

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2368 ft²

Average Home Age

94.8 years

Currently For Sale

26 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71649885

Frequently Asked Questions

When was property at 490A Mill Street built and last sold?
The property at 490A Mill Street was built in 1958 and last sold on Jan 1, 1970 for $195,000.
How much is this home worth?
The estimated value of the home located at 490A Mill Street is $238,851.
What are some comparable homes to 490A Mill Street?
There are currently no comparable homes to 490A Mill Street.
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