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Worcester 01606 Burncoat
51 Purchase Street
$350,000
● House - Off Market

51 Purchase Street

Worcester, MA 01606
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,794 Ft²
$288,822
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Here's YOUR opportunity to own in 01606 – close to schools, tree lined neighborhood sidewalked streets for walking, running or biking, quick highway access for commuting, shops, services, restaurants, and Worcester activities!  This 3BR/1Bth Ranch offers spacious rooms with hardwoods, Living Room with Fireplace and Eat-in-Kitchen just waiting for your updates and touches – time to make this home your own!  Bonus space is found in the Lower Level with Family Room, Office and Laundry Room.  Boiler and Hot Water Storage Tank 2008 and efficient Natural Gas heat can't be beat.  Set on corner level lot so much opportunity – Welcome Home!
Unit Size
1,794 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$162
Property Type
House
Property Taxes
$376
HOA Dues
-
Year Built
1955

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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 #73159041)

Price History

Date / Event Date Event Price
Oct 20, 2023 Sold
Premium
Sold
Sep 19, 2023 In contract -
In contract
Sep 13, 2023 Listed by Gibbs Realty Inc. $289,900
Listed by Gibbs Realty Inc.
Mar 20, 2007 Sold
Premium
Sold
Jan 11, 2007 Listed by Gibbs Realty Inc. $244,600
Listed by Gibbs Realty Inc.

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • 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: 1,196
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,700
  • Total Building Area: 1,196
  • Gross Building Area: 2,542
  • Building Area: 1,196
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,196
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000223
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 36-008-14+15
  • Parcel: WORC M:36 B:008 L:14+15
  • Block: 8
  • Lot: 14+15
  • Municipality: WORCESTER
  • Latitude: 42.3104
  • Longitude: -71.7864

    Address

  • Full Address: 51 Purchase St
  • Address - House Number: 51
  • Address - Street Name: Purchase
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C006
  • 4-Digit Zip Code: 1603
  • Zip Code: 01606

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $451,400

    Appraisal Valuation

  • Standard Deviation: 0.2006
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 387,580
  • High Value: 465,333
  • Low Value: 309,827

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $314,800
  • Assessed Land Value: $103,100
  • Assessed Improvements Value: $211,700

    Sales

  • Current Sale Contract Date: Oct 20, 2023
  • Current Sale Recording Date: Oct 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 87730
  • Previous Sale Recording Date: Mar 20, 2007
  • Previous Sale Amount: $236,550
  • 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

54

Average Home Size

1558 ft²

Average Home Age

48.2 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# 73159041

Frequently Asked Questions

When was property at 51 Purchase Street built and last sold?
The property at 51 Purchase Street was built in 1955 and last sold on Oct 20, 2023 for $350,000.
How much is this home worth?
The estimated value of the home located at 51 Purchase Street is $309,866.
What are some comparable homes to 51 Purchase Street?
There are currently no comparable homes to 51 Purchase Street.
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