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Worcester 01607 North Quinsigamond Village
7 Mcgill St
$345,000
● House - Off Market

7 Mcgill St

Worcester, MA 01607
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,404 Ft²
$341,088
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Charming cape with open floor plan. Recently updated kitchen. Hardwood flooring through out first floor. First floor consist of kitchen, dining area, living room, two bedrooms and bathroom. Finished second floor is currently being used as the primary bedroom and sitting area.This area would also make a nice tv or game room. Unfinished basement recently painted with garage access and equipped with a radon mitigation system. New garage door installed 2021, electric upgrade & solar panels 2021. Backyard was leveled, regraded and completely enclosed with new stockade wooden privacy fence 2021. Home is located within walking distance to Holy Cross College and the new Polar Park.
Unit Size
1,404 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$235
Property Type
House
Property Taxes
$365
HOA Dues
-
Year Built
1952

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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 #72989545)

Price History

Date / Event Date Event Price
Aug 8, 2022 Sold
Premium
Sold
May 31, 2022 Listed by EXIT Beacon Pointe Realty $329,900
Listed by EXIT Beacon Pointe Realty
Oct 22, 2020 Sold
Premium
Sold
Aug 1, 2020 Listed by EXIT Beacon Pointe Realty $279,400
Listed by EXIT Beacon Pointe Realty
Jun 29, 2016 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • 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: 624
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,850
  • Total Building Area: 1,404
  • Gross Building Area: 3,131
  • Building Area: 1,404
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,404
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000134
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732901

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 10-041-00007
  • Parcel: WORC M:10 B:041 L:00007
  • Block: 41
  • Lot: 7
  • Municipality: WORCESTER
  • Latitude: 42.2354
  • Longitude: -71.8009

    Address

  • Full Address: 7 Mcgill St
  • Address - House Number: 7
  • Address - Street Name: Mcgill
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C005
  • 4-Digit Zip Code: 1320
  • Zip Code: 01607

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $472,500

    Appraisal Valuation

  • Standard Deviation: 0.0859
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 93
  • Final Value: 355,576
  • High Value: 386,144
  • Low Value: 325,008

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $329,500
  • Assessed Land Value: $92,500
  • Assessed Improvements Value: $237,000

    Sales

  • Current Sale Contract Date: Aug 08, 2022
  • Current Sale Recording Date: Aug 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 87195
  • Previous Sale Recording Date: Oct 22, 2020
  • Previous Sale Contract Date: Oct 02, 2020
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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 North Quinsigamond Village

Stats & Trends

Median Asking:

$396,500

Sale Price/ft²

$252

Below Asking

0.02%

Average Days on Market

68

Average Home Size

1466 ft²

Average Home Age

45.3 years

Currently For Sale

7 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72989545

Frequently Asked Questions

When was property at 7 McGill Street built and last sold?
The property at 7 McGill Street was built in 1952 and last sold on Aug 8, 2022 for $345,000.
How much is this home worth?
The estimated value of the home located at 7 McGill Street is $329,394.
What are some comparable homes to 7 McGill Street?
There are currently no comparable homes to 7 McGill Street.
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