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Worcester 01605 Biotech Park Area
8 Colby Ave
$230,000
● House - Off Market

8 Colby Ave

Worcester, MA 01605
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,144 Ft²
$368,662
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

A beautifully updated Ranch style home in a desirable quiet neighborhood, right near Lincoln Plaza. This home features gleaming hardwood floors in living room and kitchen with new SS appliances and fresh paint throughout.  Spring is right around the corner, enjoy this beautiful deck for entertaining. Easy access to major highway routes, schools, shopping and restaurants.  Ready for move in!  A must see!!
Unit Size
1,144 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$218
Property Type
House
Property Taxes
$309
HOA Dues
-
Year Built
1986

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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: 5 months ago (MLSPIN #72466251)

Price History

Date / Event Date Event Price
May 31, 2019 Sold
Premium
Sold
Mar 16, 2019 Listed by New England Home Realty $249,900
Listed by New England Home Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • 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: 1,144
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,129
  • Total Building Area: 1,144
  • Gross Building Area: 2,288
  • Building Area: 1,144
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,144
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000233
  • 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: 39-011-00446
  • Parcel: WORC M:39 B:011 L:00446
  • Block: 11
  • Lot: 446
  • Municipality: WORCESTER
  • Latitude: 42.291
  • Longitude: -71.7774

    Address

  • Full Address: 8 Colby Ave
  • Address - House Number: 8
  • Address - Street Name: Colby
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C007
  • 4-Digit Zip Code: 2208
  • Zip Code: 01605

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $473,500

    Appraisal Valuation

  • Standard Deviation: 0.203
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 391,117
  • High Value: 470,517
  • Low Value: 311,716

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $330,200
  • Assessed Land Value: $103,200
  • Assessed Improvements Value: $227,000

    Sales

  • Current Sale Contract Date: May 31, 2019
  • Current Sale Recording Date: May 31, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 114248
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:

$587,450

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1887 ft²

Average Home Age

78.5 years

Currently For Sale

6 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: 5 months ago
Data Source: MLS PIN, MLS# 72466251

Frequently Asked Questions

When was property at 8 Colby Avenue built and last sold?
The property at 8 Colby Avenue was built in 1986 and last sold on May 31, 2019 for $230,000.
How much is this home worth?
The estimated value of the home located at 8 Colby Avenue is $251,867.
What are some comparable homes to 8 Colby Avenue?
There are currently no comparable homes to 8 Colby Avenue.
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