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Worcester 01604 Grafton Hill
7 Inverness Ave
$135,800
● House - Off Market

7 Inverness Ave

Worcester, MA 01604
bedrooms
2 Beds
bathrooms
1 Bath
square feet
900 Ft²
$228,012
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

SOLID AND CLEAN HOME! Looking to own your home and want a good starter home?  This property, near the commuter routes and on a dead end street offers updated systems. Newer roof, newer heating system and newer water tank too.  The two beds, one bath home has natural woodwork, and hardwood floors.  Sun porch on the front of the home offers additional space in the warmer weather and there is also a deck on the back of the home for entertaining and relaxation. Driveway provides for additional parking and there is a detached garage and work area in the rear of the property.  Home has economical gas heat and comes with appliances too. Move in with ease and update as you desire. Home is clean and well maintained.
Unit Size
900 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$150
Property Type
House
Property Taxes
$207
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 #71926467)

Price History

Date / Event Date Event Price
Aug 29, 2016 Sold
Premium
Sold
Nov 1, 2015 Listed by Emerson REALTORS® $135,000
Listed by Emerson REALTORS®

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 900
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,750
  • Total Building Area: 900
  • Gross Building Area: 3,080
  • Building Area: 900
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 900
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000109
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732301

Zoning

  • Zoning: RG-5

Geography

  • Account Number: 34-006-00029
  • Parcel: WORC M:34 B:006 L:00029
  • Block: 6
  • Lot: 29
  • Municipality: WORCESTER
  • Latitude: 42.25
  • Longitude: -71.7721

    Address

  • Full Address: 7 Inverness Ave
  • Address - House Number: 7
  • Address - Street Name: Inverness
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C019
  • 4-Digit Zip Code: 3115
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $336,600

    Appraisal Valuation

  • Standard Deviation: 0.2029
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 298,637
  • High Value: 359,231
  • Low Value: 238,043

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $234,700
  • Assessed Land Value: $82,000
  • Assessed Improvements Value: $152,700

    Sales

  • Current Sale Recording Date: Aug 29, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 96428
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 Grafton Hill

Stats & Trends

Median Asking:

$474,950

Sale Price/ft²

$280

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1801 ft²

Average Home Age

67.8 years

Currently For Sale

25 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: 6 months ago
Data Source: MLS PIN, MLS# 71926467

Frequently Asked Questions

When was property at 7 Inverness Avenue built and last sold?
The property at 7 Inverness Avenue was built in 1920 and last sold on Jan 1, 1970 for $135,800.
How much is this home worth?
The estimated value of the home located at 7 Inverness Avenue is $143,650.
What are some comparable homes to 7 Inverness Avenue?
There are currently no comparable homes to 7 Inverness Avenue.
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