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Worcester 01609 Institute Park
5 Marston Way
$224,500
● House - Off Market

5 Marston Way

Worcester, MA 01609
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,653 Ft²
$447,920
RealtyHop Estimate
86.63%
Since Dec 1, 2014
National-US
Primary Model

About This Property

Beautiful Victorian with a classic feel, minutes from Route 290, walking distance to multiple Route 9 restaurants, right near Becker College & WPI, and just down the street from beautiful Elm Park!!  This home features multiple spacious rooms with hardwood flooring, fireplaces in the living room & master bedroom, butlers pantry, original 19th century voice pipe, full walk in basement, gas heat, eight foot ceilings, and a finished third floor for an amazing amount of storage space!  Outside features include a flat fenced in yard, in ground irrigation system, ample off street parking, and a wrap around porch!! Don't miss your chance to see this fantastic condition home in such a convenient location!
Unit Size
3,653 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$66
Property Type
House
Property Taxes
$516
HOA Dues
-
Year Built
1890

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Cap Rate Calculator

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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 #71639248)

Price History

Date / Event Date Event Price
Nov 14, 2014 Sold
Premium
Sold
Mar 3, 2014 Listed by Mathieu Newton Sotheby's International Realty $240,000
Listed by Mathieu Newton Sotheby's International Realty
Jun 26, 2009 Sold
Premium
Sold
Mar 1, 2009 Listed by Mathieu Newton Sotheby's International Realty $324,900
Listed by Mathieu Newton Sotheby's International Realty
Sep 30, 2003 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,526
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,317
  • Total Building Area: 3,228
  • Gross Building Area: 6,312
  • Building Area: 3,228
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 3,228
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000145
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 731601

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 2-040-00021
  • Parcel: WORC M:02 B:040 L:00021
  • Block: 40
  • Lot: 21
  • Municipality: WORCESTER
  • Latitude: 42.2685
  • Longitude: -71.811

    Address

  • Full Address: 5 Marston Way
  • Address - House Number: 5
  • Address - Street Name: Marston
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Worcester
  • Carrier Code: C008
  • 4-Digit Zip Code: 2115
  • Zip Code: 01609

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $497,600
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2473
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 65
  • Final Value: 436,747
  • High Value: 544,775
  • Low Value: 328,720

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $347,000
  • Assessed Land Value: $80,100
  • Assessed Improvements Value: $266,900

    Sales

  • Current Sale Recording Date: Nov 14, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 107361
  • Previous Sale Recording Date: Jun 26, 2009
  • Previous Sale Amount: $316,000
  • Previous Sale Document Type: 48
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 Institute Park

Stats & Trends

Median Asking:

$461,250

Sale Price/ft²

$234

Below Asking

0.02%

Average Days on Market

65

Average Home Size

2478 ft²

Average Home Age

108.3 years

Currently For Sale

13 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: 4 months ago
Data Source: MLS PIN, MLS# 71639248

Frequently Asked Questions

When was property at 5 Marston Way built and last sold?
The property at 5 Marston Way was built in 1890 and last sold on Jan 1, 1970 for $224,500.
How much is this home worth?
The estimated value of the home located at 5 Marston Way is $284,503.
What are some comparable homes to 5 Marston Way?
There are currently no comparable homes to 5 Marston Way.
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