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Worcester 01609 Institute Park
7 Elbridge Street
$225,000
● House - Off Market

7 Elbridge Street

Worcester, MA 01609
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,764 Ft²
$488,596
RealtyHop Estimate
112.53%
Since Apr 1, 2004
National-US
Primary Model

About This Property

WONDERFUL HOME WITH ALL THE UPDATES IN THE HEART OF THE WPI CAMPUS.  A PLEASURE TO SHOW.  DON'T MISS THIS ONE!!
Unit Size
1,764 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$130
Property Type
House
Property Taxes
$201
HOA Dues
-
Year Built
1929

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (MLSPIN #30756962)

Price History

Date / Event Date Event Price
Mar 8, 2004 Sold
Premium
Sold
Dec 19, 2003 Sold
Premium
Sold
Aug 14, 2003 Listed by J.Gold Real Estate $229,900
Listed by J.Gold Real Estate
Nov 1, 2000 Sold
Premium
Sold
Jul 17, 2000 Listed by J.Gold Real Estate $139,900
Listed by J.Gold Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 15
  • 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: 920
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,500
  • Total Building Area: 1,616
  • Gross Building Area: 3,363
  • Building Area: 1,616
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,616
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000080
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 731602

Zoning

  • Zoning: RG-5

Geography

  • Account Number: 2-037-00045
  • Parcel: WORC M:02 B:037 L:00045
  • Block: 37
  • Lot: 45
  • Municipality: WORCESTER
  • Latitude: 42.2715
  • Longitude: -71.8065

    Address

  • Full Address: 7 Elbridge St
  • Address - House Number: 7
  • Address - Street Name: Elbridge
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C011
  • 4-Digit Zip Code: 2711
  • Zip Code: 01609

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $390,600

    Appraisal Valuation

  • Standard Deviation: 0.187
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 422,091
  • High Value: 501,057
  • Low Value: 343,125

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $272,400
  • Assessed Land Value: $55,400
  • Assessed Improvements Value: $217,000

    Sales

  • Current Sale Recording Date: Dec 19, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 326265
  • Previous Sale Recording Date: Nov 01, 2000
  • Previous Sale Amount: $134,000
  • 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 Institute Park

Stats & Trends

Median Asking:

$461,250

Sale Price/ft²

$233

Below Asking

0.02%

Average Days on Market

65

Average Home Size

2530 ft²

Average Home Age

108.1 years

Currently For Sale

14 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

Unit for rent at 42 Vernon Street, MA, 01610

$958 /mo

  • 1 Bed
  • 1 Bath
42 Vernon Street, MA, 01610 Listing by Rick Rivera
Unit for rent at 27 Mount Vernon St, MA, 01605

$1,882 /mo

  • 1 Bed
  • 1 Bath
27 Mount Vernon St, MA, 01605 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 30756962

Frequently Asked Questions

When was property at 7 Elbridge Street built and last sold?
The property at 7 Elbridge Street was built in 1929 and last sold on Jan 1, 1970 for $225,000.
How much is this home worth?
The estimated value of the home located at 7 Elbridge Street is $240,815.
What are some comparable homes to 7 Elbridge Street?
There are currently no comparable homes to 7 Elbridge Street.
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