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Worcester 01609 Forest Grove
62 Forest St
$575,000
● House - Off Market

62 Forest St

Worcester, MA 01609
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,838 Ft²
$523,568
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

STUNNING BRICK CAPE STYLE HOME IN A VERY ACCESSIBLE WEST SIDE NEIGHBORHOOD. THIS HOME IN MOVE-IN CONDITION FEATURES THREE BEDROOMS - 2 FULL BATHS -  NEWER CENTRAL AIR AND HOT WATER TANK. SUNROOM COMPLETELY RENOVATED. PROFESSIONALLY LANDSCAPED YARD WITH A SPRINKLER SYSTEM. THE FORMAL LIVING ROOM FEATURES HARDWOOD FLOORS WITH AN ENERGY EFFICIENT  PELLET STOVE BUILT IN TO THE FIREPLACE. ONE MILE FROM WPI AND ASSUMPTION UNIVERSITY AND ABOUT A 10 MINUTE RIDE TO UMASS AND THE MED SCHOOL
Unit Size
1,838 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$286
Property Type
House
Property Taxes
$518
HOA Dues
-
Year Built
1938

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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 #73107346)

Price History

Date / Event Date Event Price
Jul 28, 2023 Sold
Premium
Sold
May 9, 2023 In contract -
In contract
May 4, 2023 Listed by DCU Realty - Marlboro $525,000
Listed by DCU Realty - Marlboro
Oct 11, 2016 Sold
Premium
Sold
Aug 1, 2016 Listed by DCU Realty - Marlboro $319,900
Listed by DCU Realty - Marlboro

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • 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: 15
  • Building Style: 4
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 912
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,895
  • Total Building Area: 1,828
  • Gross Building Area: 4,158
  • Building Area: 1,828
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,828
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000388
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: RS-10

Geography

  • Account Number: 20-033-00008
  • Parcel: WORC M:20 B:033 L:00008
  • Block: 33
  • Lot: 8
  • Municipality: WORCESTER
  • Latitude: 42.2862
  • Longitude: -71.8156

    Address

  • Full Address: 62 Forest St
  • Address - House Number: 62
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C007
  • 4-Digit Zip Code: 1522
  • Zip Code: 01609

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $621,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1848
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 553,274
  • High Value: 655,525
  • Low Value: 451,023

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $433,500
  • Assessed Land Value: $106,700
  • Assessed Improvements Value: $326,800

    Sales

  • Current Sale Contract Date: Jul 28, 2023
  • Current Sale Recording Date: Jul 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 61221
  • Previous Sale Recording Date: Oct 11, 2016
  • Previous Sale Amount: $312,000
  • Previous Sale Document Type: O
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:

$520,000

Sale Price/ft²

$291

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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73107346

Frequently Asked Questions

When was property at 62 Forest Street built and last sold?
The property at 62 Forest Street was built in 1938 and last sold on Jul 28, 2023 for $575,000.
How much is this home worth?
The estimated value of the home located at 62 Forest Street is $525,106.
What are some comparable homes to 62 Forest Street?
There are currently no comparable homes to 62 Forest Street.
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