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Worcester 01606 Burncoat
5 Pocasset Ave
$370,000
● House - Off Market

5 Pocasset Ave

Worcester, MA 01606
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,344 Ft²
$348,945
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Highest and best due by 4 June 20, 2023. Burncoat Cape style home available for a quick closing. A diamond in the rough, a little paint and carpet will make this starter home feel new again. 3 bedroom two full bathrooms with front to back kitchen dining area. A full bath and bedroom on the first floor. Updates to all the major systems: roof, vinyl siding, windows, wiring, plumbing and heating. The lot is level to the street and slopes to the rear for a walk out basement.
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$260
Property Type
House
Property Taxes
$362
HOA Dues
-
Year Built
1960

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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 #73125657)

Price History

Date / Event Date Event Price
Jul 24, 2023 Sold
Premium
Sold
Jun 22, 2023 In contract -
In contract
Jun 15, 2023 Listed by Coldwell Banker Realty - Northborough $349,900
Listed by Coldwell Banker Realty - Northborough
Aug 20, 1997 Sold
Premium
Sold
May 14, 1997 Listed by Coldwell Banker Realty - Northborough $79,900
Listed by Coldwell Banker Realty - Northborough

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 768
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,344
  • Gross Building Area: 2,332
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730200

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 36-025-00143
  • Parcel: WORC M:36 B:025 L:00143
  • Block: 25
  • Lot: 143
  • Municipality: WORCESTER
  • Latitude: 42.3089
  • Longitude: -71.7832

    Address

  • Full Address: 5 Pocasset Ave
  • Address - House Number: 5
  • Address - Street Name: Pocasset
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C026
  • 4-Digit Zip Code: 1860
  • Zip Code: 01606

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $434,900

    Appraisal Valuation

  • Standard Deviation: 0.1944
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 392,214
  • High Value: 468,482
  • Low Value: 315,946

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $303,300
  • Assessed Land Value: $85,100
  • Assessed Improvements Value: $218,200

    Sales

  • Current Sale Contract Date: Jul 21, 2023
  • Current Sale Recording Date: Jul 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 59341
  • Previous Sale Recording Date: Aug 20, 1997
  • Previous Sale Amount: $75,500
  • 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 Burncoat

Stats & Trends

Median Asking:

$429,900

Sale Price/ft²

$307

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1599 ft²

Average Home Age

43 years

Currently For Sale

10 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# 73125657

Frequently Asked Questions

When was property at 5 Pocasset Avenue built and last sold?
The property at 5 Pocasset Avenue was built in 1960 and last sold on Jul 21, 2023 for $370,000.
How much is this home worth?
The estimated value of the home located at 5 Pocasset Avenue is $344,995.
What are some comparable homes to 5 Pocasset Avenue?
There are currently no comparable homes to 5 Pocasset Avenue.
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