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Worcester 01602 Webster Square
494 Mill St
$252,000
● House - Off Market

494 Mill St

Worcester, MA 01602
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,109 Ft²
$334,003
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

Offers to be reviewed at 5:00 Sunday.  Updated and renovated classic Cape Cod home ready to move in!  Desirable west side, Tatnuck location.  This cute, stylish home has gleaming hardwood floors in LR, DR and office. Separate dining room. New tile in kitchen with newer appliances.  Convenient mud room on the side of the house. Bathroom has been nicely renovated.  Bedroom on 1st floor currently used as an office.  Two roomy bedrooms upstairs.  Level, fenced yard.  Winter water view of Patch Reservoir and down the road from Coes   Reservoir & Columbus Park.  Great commuter location near the Worcester airport, colleges, stores and restaurants.  Open house on Sunday 12-2, but not holding off on showings.  Don't wait!
Unit Size
1,109 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$212
Property Type
House
Property Taxes
$255
HOA Dues
-
Year Built
1950

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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 #72622092)

Price History

Date / Event Date Event Price
Dec 17, 2021 Sold
Premium
Sold
Nov 5, 2021 Listed by RE/MAX Advantage 1 $315,000
Listed by RE/MAX Advantage 1
Apr 6, 2020 Sold
Premium
Sold
Feb 20, 2020 Listed by RE/MAX Advantage 1 $234,900
Listed by RE/MAX Advantage 1
Mar 12, 2015 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 775
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,093
  • Total Building Area: 969
  • Gross Building Area: 2,395
  • Building Area: 969
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 969
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000117
  • 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: 30-027-0001A
  • Parcel: WORC M:30 B:027 L:0001A
  • Block: 27
  • Lot: 1A
  • Municipality: WORCESTER
  • Latitude: 42.2695
  • Longitude: -71.8544

    Address

  • Full Address: 494 Mill St
  • Address - House Number: 494
  • 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: $380,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1865
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 347,286
  • High Value: 412,083
  • Low Value: 282,489

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $265,100
  • Assessed Land Value: $85,900
  • Assessed Improvements Value: $179,200

    Sales

  • Current Sale Contract Date: Dec 17, 2021
  • Current Sale Recording Date: Dec 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 176404
  • Previous Sale Recording Date: Apr 06, 2020
  • Previous Sale Contract Date: Mar 19, 2020
  • Previous Sale Amount: $252,000
  • 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 Webster Square

Stats & Trends

Median Asking:

$419,900

Sale Price/ft²

$263

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2347 ft²

Average Home Age

93.8 years

Currently For Sale

25 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# 72622092

Frequently Asked Questions

When was property at 494 Mill Street built and last sold?
The property at 494 Mill Street was built in 1950 and last sold on Dec 17, 2021 for $315,000.
How much is this home worth?
The estimated value of the home located at 494 Mill Street is $313,029.
What are some comparable homes to 494 Mill Street?
There are currently no comparable homes to 494 Mill Street.
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