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Worcester
55 Wallace St.
$222,000
● House - Off Market

55 Wallace St.

Auburn, MA 01501
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,061 Ft²
$547,345
RealtyHop Estimate
138.08%
Since Apr 1, 2003
National-US
Primary Model

About This Property

OPEN FLOOR PLAN FOR ENTERTAINING.KITCHEN&BATH W/CERAMIC TILE VINYL SIDING & INSULATED WINDOWS,NICE QUALITY INSIDE & OUT! GREAT YARD FOR KIDS&PROF.LANDSCAP.YARD W/MANY PERRENALS. ARBOR & DECKS,CLOSE TO MAJOR RTS.MANY EXTRAS DON'T MISS OUT!
Unit Size
1,061 Ft²
Days on Market
-
Land Size
0.98 acres
Price per sqft
$217
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1920

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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: 6 months ago (MLSPIN #30680039)

Price History

Date / Event Date Event Price
Mar 3, 2003 Sold
Premium
Sold
Jan 14, 2003 Listed by Emerson REALTORS® $229,900
Listed by Emerson REALTORS®
Oct 28, 1999 Sold
Premium
Sold
Jul 6, 1999 Listed by Emerson REALTORS® $137,900
Listed by Emerson REALTORS®

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 42,700
  • Total Building Area: 1,087
  • Gross Building Area: 2,928
  • Building Area: 1,087
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,087
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000980
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Auburn School District
  • School Tax School District: AUBURN SD
  • Census Tract: 736200

Geography

  • Account Number: 2623
  • District: 17
  • Parcel: AUBU M:0023 L:0022
  • Lot: 22
  • Municipality: AUBURN
  • Latitude: 42.2121
  • Longitude: -71.8528

    Address

  • Full Address: 55 Wallace Ave
  • Address - House Number: 55
  • Address - Street Name: Wallace
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Auburn
  • Carrier Code: C006
  • 4-Digit Zip Code: 1135
  • Zip Code: 01501

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $499,600

    Appraisal Valuation

  • Standard Deviation: 0.1907
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 74
  • Final Value: 398,703
  • High Value: 474,753
  • Low Value: 322,654

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $334,600
  • Assessed Land Value: $120,400
  • Assessed Improvements Value: $214,200

    Sales

  • Current Sale Recording Date: Mar 03, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 28, 1999
  • Previous Sale Amount: $137,829
  • 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 Worcester

Stats & Trends

Median Asking:

$500,000

Sale Price/ft²

$282

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2379 ft²

Average Home Age

65.3 years

Currently For Sale

1996 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

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 30680039

Frequently Asked Questions

When was property at 55 Wallace Avenue built and last sold?
The property at 55 Wallace Avenue was built in 1920 and last sold on Jan 1, 1970 for $222,000.
How much is this home worth?
The estimated value of the home located at 55 Wallace Avenue is $231,135.
What are some comparable homes to 55 Wallace Avenue?
There are currently no comparable homes to 55 Wallace Avenue.
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