For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Worcester 01607 Vernon Hill
5 Payson St
$210,000
● House - Off Market

5 Payson St

Worcester, MA 01607
bedrooms
3 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
1,200 Ft²
$277,171
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Why rent when you can own this spacious, move in ready, duplex-style home?  Upon entering you'll notice the sun filled living room which leads to full bath & the cabinet packed eat in kitchen where you will find sliding glass doors that lead to your back deck.  Upstairs on the 2nd are the 3 bedrooms as well as 2 half baths! Newer big ticket items include: Roof, Deck & Hot Water Heater. Exterior features back deck & a paved driveway for off-street parking! Your new home is nestled within a desirable Worcester neighborhood & close to Shopping, Public Transportation, Restaurants & More!  OFFER DEADLINE MONDAY, JUNE 1ST AT 9AM
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$167
Property Type
House
Property Taxes
$216
HOA Dues
-
Year Built
1986

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #72662678)

Price History

Date / Event Date Event Price
Jul 13, 2020 Sold
Premium
Sold
May 27, 2020 Listed by Lamacchia Realty, Inc. $199,900
Listed by Lamacchia Realty, Inc.
Dec 27, 1994 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 31
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 528
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,009
  • Total Building Area: 1,200
  • Gross Building Area: 1,826
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000069
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732700

Zoning

  • Zoning: RG-5

Geography

  • Account Number: 10-011-00021
  • Parcel: WORC M:10 B:011 L:00021
  • Block: 11
  • Lot: 21
  • Municipality: WORCESTER
  • Latitude: 42.24
  • Longitude: -71.7951

    Address

  • Full Address: 5 Payson St
  • Address - House Number: 5
  • Address - Street Name: Payson
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C004
  • 4-Digit Zip Code: 1121
  • Zip Code: 01607

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $320,100

    Appraisal Valuation

  • Standard Deviation: 0.2038
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 312,444
  • High Value: 376,123
  • Low Value: 248,765

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $223,200
  • Assessed Land Value: $50,300
  • Assessed Improvements Value: $172,900

    Sales

  • Current Sale Contract Date: Jun 30, 2020
  • Current Sale Recording Date: Jul 13, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 74734
  • Previous Sale Recording Date: Dec 27, 1994
  • Previous Sale Amount: $50,000
  • 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:

$679,000

Sale Price/ft²

$208

Below Asking

0.01%

Average Days on Market

56

Average Home Size

3034 ft²

Average Home Age

114.9 years

Currently For Sale

19 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72662678

Frequently Asked Questions

When was property at 5 Payson Street built and last sold?
The property at 5 Payson Street was built in 1986 and last sold on Jun 30, 2020 for $210,000.
How much is this home worth?
The estimated value of the home located at 5 Payson Street is $202,800.
What are some comparable homes to 5 Payson Street?
There are currently no comparable homes to 5 Payson Street.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Worcester Homes for Sale
Worcester Houses for Sale
Worcester Condos for Sale
Worcester Townhouses for Sale
Worcester Multifamily for Sale
Worcester Land for Sale
Worcester Commercial for Sale
Worcester Homes with Basements
Nearby Cities
Northborough Homes for Sale
Whitinsville Homes for Sale
Clinton Homes for Sale
Oxford Homes for Sale
Spencer Homes for Sale
Westborough Homes for Sale
Upton Homes for Sale
East Douglas Homes for Sale
Nearby Property Records
Worcester County, MA Property Records
Middlesex County, MA Property Records
Providence County, RI Property Records
Windham County, CT Property Records
Norfolk County, MA Property Records
Hillsborough County, NH Property Records
Tolland County, CT Property Records
Kent County, RI Property Records
Neighborhoods
Webster Square Real Estate
Broadmeadow Brook Real Estate
West Tatnuck Real Estate
Greendale Real Estate
Forest Grove Real Estate
Grafton Hill Real Estate
Vernon Hill Real Estate
Burncoat Real Estate
Nearby Counties
Shrewsbury Homes for Sale
Grafton Homes for Sale
Holden Homes for Sale
Westborough Homes for Sale
Auburn Homes for Sale
Northborough Homes for Sale
Northbridge Homes for Sale
Clinton Homes for Sale
Top Real Estate Agents
Top Agents in Vernon Hill
Top Agents in Worcester
Top Agents in Shrewsbury
Top Agents in 01545
Top Agents in 01604
Top Agents in 01602
Top Agents in Grafton
Top Agents in 01606