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Worcester 01602 Webster Square
73 Swan Avenue
$245,000
● House - Off Market

73 Swan Avenue

Worcester, MA 01602
bedrooms
2 Beds
bathrooms
1 Bath
square feet
956 Ft²
$1,568
Est. Monthly

About This Property

20K PRICE REDUCTION!  Attention Flippers, Investors, or anyone willing to roll up their sleeves and turn this solid first time buyer home into the Adorable Cottage it was meant to be!  Good bones and lots of big item updates:  Architectural Roof approximately 2018, Furnace approximately 2021, Hot Water Heater 2021, Circuit Breakers.  There is ample yard on both the right and left sides of the house and room for lots of parking. Located on the West Side with easy access to Tatnuck Square, Webster Square, Main Street, Restaurants, and other Area Amenities!   Title V failed - needs to be hooked up to City Sewer.  Bring your ideas and creativity to turn this into the beauty it was meant to be!  Seller willing to consider all offers.
Unit Size
956 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$272
Property Type
House
Property Taxes
$292
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: 4 months ago (MLSPIN #73192585)

Price History

Date / Event Date Event Price
Feb 22, 2024 Sold
Premium
Sold
Feb 1, 2024 In contract -
In contract
Jan 10, 2024 Listed by Coldwell Banker Realty - Worcester $259,900
Listed by Coldwell Banker Realty - Worcester

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 572
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,125
  • Total Building Area: 956
  • Gross Building Area: 1,603
  • Building Area: 956
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 956
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000209
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 731002

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 42-022-00185
  • Parcel: WORC M:42 B:022 L:00185
  • Block: 22
  • Lot: 185
  • Municipality: WORCESTER
  • Latitude: 42.2593
  • Longitude: -71.855

    Address

  • Full Address: 73 Swan Ave
  • Address - House Number: 73
  • Address - Street Name: Swan
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C011
  • 4-Digit Zip Code: 3047
  • Zip Code: 01602

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $350,000
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.0853
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 93
  • Final Value: 285,798
  • High Value: 310,191
  • Low Value: 261,404

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $244,100
  • Assessed Land Value: $85,400
  • Assessed Improvements Value: $158,700

    Sales

  • Current Sale Contract Date: Feb 15, 2024
  • Current Sale Recording Date: Feb 22, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12933
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 Webster Square

Stats & Trends

Median Asking:

$419,900

Sale Price/ft²

$263

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2413 ft²

Average Home Age

92 years

Currently For Sale

24 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73192585

Frequently Asked Questions

When was property at 73 Swan Avenue built and last sold?
The property at 73 Swan Avenue was built in 1920 and last sold on Feb 15, 2024 for $245,000.
How much is this home worth?
The estimated value of the home located at 73 Swan Avenue is $259,078.
What are some comparable homes to 73 Swan Avenue?
There are currently no comparable homes to 73 Swan Avenue.
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