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Worcester 01609 Forest Grove
51 Nelson Place
$490,000
● House - Off Market

51 Nelson Place

Worcester, MA 01605
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,641 Ft²
$478,698
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Charming Cape Cod Style Home! Boasting 9 foot ceilings; open floor plan; 5 bedrooms / 2 full baths; breakfast bar; updated kitchen and baths; and stunning hardwood floors throughout!  First floor master - second bedroom on 1st floor would create a perfect home office! So many options!  2600 + sq.ft. of living space. Stainless steel appliances in the updated kitchen. Cozy up by the fireplace with a good book.  Plenty of parking - 2 car garage / with a bonus 1 car garage - the ideal spot to store a sports car. All new windows, Heating System (2016), updated 200 AMP electric panel & recently updated insulation. Dead End Street! The large backyard is even fenced in!  This home is great for the growing family!
Unit Size
2,641 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$180
Property Type
House
Property Taxes
$475
HOA Dues
-
Year Built
1948

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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 #72945226)

Price History

Date / Event Date Event Price
May 2, 2022 Sold
Premium
Sold
Feb 28, 2022 Listed by Custom Home Realty, Inc. $475,000
Listed by Custom Home Realty, Inc.
Jan 17, 2018 Sold
Premium
Sold
Nov 29, 2017 Listed by Custom Home Realty, Inc. $279,900
Listed by Custom Home Realty, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 1,140
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,917
  • Total Building Area: 2,641
  • Gross Building Area: 5,464
  • Building Area: 2,641
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,641
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000411
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730600

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 21-002-00004
  • Parcel: WORC M:21 B:002 L:00004
  • Block: 2
  • Lot: 4
  • Municipality: WORCESTER
  • Latitude: 42.2952
  • Longitude: -71.8225

    Address

  • Full Address: 51 Nelson Pl
  • Address - House Number: 51
  • Address - Street Name: Nelson
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Worcester
  • Carrier Code: C010
  • 4-Digit Zip Code: 1140
  • Zip Code: 01605

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $617,800

    Appraisal Valuation

  • Standard Deviation: 0.1657
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 559,412
  • High Value: 652,150
  • Low Value: 466,674

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $430,800
  • Assessed Land Value: $106,800
  • Assessed Improvements Value: $324,000

    Sales

  • Current Sale Contract Date: May 02, 2022
  • Current Sale Recording Date: May 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 48096
  • Previous Sale Recording Date: Jun 28, 2018
  • 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 Forest Grove

Stats & Trends

Median Asking:

$519,950

Sale Price/ft²

$292

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1891 ft²

Average Home Age

82.5 years

Currently For Sale

23 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# 72945226

Frequently Asked Questions

When was property at 51 Nelson Place built and last sold?
The property at 51 Nelson Place was built in 1948 and last sold on May 2, 2022 for $490,000.
How much is this home worth?
The estimated value of the home located at 51 Nelson Place is $473,970.
What are some comparable homes to 51 Nelson Place?
There are currently no comparable homes to 51 Nelson Place.
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