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Worcester 01603 Webster Square
78 Timrod Drive
$281,000
● House - Off Market

78 Timrod Drive

Worcester, MA 01603
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,028 Ft²
$369,829
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

OFFER DEADLINE Monday, July 6th at 6:00 PM. Enjoy open plan living in this spacious raised ranch! All of the living/dining areas and bedrooms have new laminate flooring and have been painted in soothing colors. You will enjoy entertaining in the backyard with an adorable enclosed porch with deck beyond; perfect for barbecues and outdoor living. Your basement has been partially finished with a large family room and half bath - just right for watching your favorite team with a beverage! The three bedrooms on the main floor are all a good size, are filled with light and all share the full bathroom. The kitchen has granite countertops and a view onto the back yard. Not only are you less than 4 miles from route 290 but you are less than a mile from Parsons Cider Mill offering year-round activities and trails.
Unit Size
1,028 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$263
Property Type
House
Property Taxes
$287
HOA Dues
-
Year Built
1983

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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 #72684683)

Price History

Date / Event Date Event Price
Aug 31, 2020 Sold
Premium
Sold
Jul 3, 2020 Listed by Century 21 MetroWest $270,000
Listed by Century 21 MetroWest

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 19
  • Exterior Walls Type: 19
  • 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: 696
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,048
  • Total Building Area: 1,028
  • Gross Building Area: 2,308
  • Building Area: 1,028
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,028
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEFINITIVE PLAN PARSONS HILL W
  • Land Acres: 0000000208
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 731001

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 56-024-00127
  • Parcel: WORC M:56 B:024 L:00127
  • Block: 24
  • Lot: 127
  • Municipality: WORCESTER
  • Latitude: 42.2473
  • Longitude: -71.8591

    Address

  • Full Address: 78 Timrod Dr
  • Address - House Number: 78
  • Address - Street Name: Timrod
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Worcester
  • Carrier Code: C016
  • 4-Digit Zip Code: 1246
  • Zip Code: 01603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $482,400

    Appraisal Valuation

  • Standard Deviation: 0.1956
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 390,906
  • High Value: 467,393
  • Low Value: 314,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $336,400
  • Assessed Land Value: $85,400
  • Assessed Improvements Value: $251,000

    Sales

  • Current Sale Contract Date: Aug 12, 2020
  • Current Sale Recording Date: Aug 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 99139
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:

$422,200

Sale Price/ft²

$262

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2368 ft²

Average Home Age

94.8 years

Currently For Sale

26 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# 72684683

Frequently Asked Questions

When was property at 78 Timrod Drive built and last sold?
The property at 78 Timrod Drive was built in 1983 and last sold on Aug 12, 2020 for $281,000.
How much is this home worth?
The estimated value of the home located at 78 Timrod Drive is $275,264.
What are some comparable homes to 78 Timrod Drive?
There are currently no comparable homes to 78 Timrod Drive.
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