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Worcester 01605 Biotech Park Area
71 Colby Ave
$165,000
● House - Off Market

71 Colby Ave

Worcester, MA 01605
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,560 Ft²
$314,127
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

Retreat in the city! Don't miss this expanded Cape overlooking the Green Hill Park Golf Course.  This charming home has 3-5 bedrooms; hardwood floors; two car garage; spacious screened in porch; deck; recent roof; and a beautifully fenced private yard. Minutes to major routes, shopping, schools, and more.
Unit Size
1,560 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$108
Property Type
House
Property Taxes
$295
HOA Dues
-
Year Built
1950

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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 #71609131)

Price History

Date / Event Date Event Price
Jun 20, 2014 Sold
Premium
Sold
Nov 17, 2013 Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave. $169,000
Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave.

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 720
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,333
  • Total Building Area: 1,560
  • Gross Building Area: 3,392
  • Building Area: 1,560
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,560
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000145
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732002

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 39-017-00512
  • Parcel: WORC M:39 B:017 L:00512
  • Block: 17
  • Lot: 512
  • Municipality: WORCESTER
  • Latitude: 42.2872
  • Longitude: -71.7733

    Address

  • Full Address: 71 Colby Ave
  • Address - House Number: 71
  • Address - Street Name: Colby
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C007
  • 4-Digit Zip Code: 2219
  • Zip Code: 01605

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $447,400

    Appraisal Valuation

  • Standard Deviation: 0.203
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 398,798
  • High Value: 479,758
  • Low Value: 317,838

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $312,000
  • Assessed Land Value: $96,600
  • Assessed Improvements Value: $215,400

    Sales

  • Current Sale Recording Date: Jun 20, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 105474
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 Biotech Park Area

Stats & Trends

Median Asking:

$559,900

Sale Price/ft²

$248

Below Asking

0.04%

Average Days on Market

61

Average Home Size

2798 ft²

Average Home Age

91.3 years

Currently For Sale

4 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 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: 4 months ago
Data Source: MLS PIN, MLS# 71609131

Frequently Asked Questions

When was property at 71 Colby Avenue built and last sold?
The property at 71 Colby Avenue was built in 1950 and last sold on Jan 1, 1970 for $165,000.
How much is this home worth?
The estimated value of the home located at 71 Colby Avenue is $170,467.
What are some comparable homes to 71 Colby Avenue?
There are currently no comparable homes to 71 Colby Avenue.
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