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Worcester 01604 Grafton Hill
8 Inverness Ave
$245,000
● House - Off Market

8 Inverness Ave

Worcester, MA 01604
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,331 Ft²
$365,942
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

Amazing Opportunity to Own a Modern Turn Key Home on A Corner Lot in 01604 w/ a Huge Deck, Swimming Pool, 2 Oversize Sheds & Fenced in Yard! The 3rd Bedroom on the 1st Floor was turned into an Office/Laundry Room. This property has a Fantastic Living Space w/ 1st Floor Consisting of a Renovated Kitchen Fully Equipped w/ SS Appliances, Granite Counter-tops, Island, Custom Cabinets, Built-in Shelving, Dining Room, 2 Living Rooms w/ Wood Burning Brick Fireplace, Gleaming Hardwoods + Slider to the back Yard! Recess Lighting, Fresh Paint, 2 Great Size Bedrooms Upstairs, Recent Furnace & Full Basement for Storage and has the Potential to Be Finished!
Unit Size
1,331 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$188
Property Type
House
Property Taxes
$294
HOA Dues
-
Year Built
1910

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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 #72569537)

Price History

Date / Event Date Event Price
Nov 21, 2019 Sold
Premium
Sold
Sep 24, 2019 Listed by RE/MAX Advantage 1 $250,000
Listed by RE/MAX Advantage 1

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • 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: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 825
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,479
  • Total Building Area: 1,331
  • Gross Building Area: 3,384
  • Building Area: 1,331
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,331
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000332
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732302

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 38-001-00001
  • Parcel: WORC M:38 B:001 L:00001
  • Block: 1
  • Lot: 1
  • Municipality: WORCESTER
  • Latitude: 42.2512
  • Longitude: -71.7717

    Address

  • Full Address: 8 Inverness Ave
  • Address - House Number: 8
  • Address - Street Name: Inverness
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C021
  • 4-Digit Zip Code: 3171
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $456,700

    Appraisal Valuation

  • Standard Deviation: 0.2029
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 395,015
  • High Value: 475,165
  • Low Value: 314,865

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $318,500
  • Assessed Land Value: $103,500
  • Assessed Improvements Value: $215,000

    Sales

  • Current Sale Contract Date: Nov 18, 2019
  • Current Sale Recording Date: Nov 21, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 125589
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 Grafton Hill

Stats & Trends

Median Asking:

$469,000

Sale Price/ft²

$278

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1979 ft²

Average Home Age

67.2 years

Currently For Sale

25 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
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# 72569537

Frequently Asked Questions

When was property at 8 Inverness Avenue built and last sold?
The property at 8 Inverness Avenue was built in 1910 and last sold on Nov 18, 2019 for $245,000.
How much is this home worth?
The estimated value of the home located at 8 Inverness Avenue is $259,335.
What are some comparable homes to 8 Inverness Avenue?
There are currently no comparable homes to 8 Inverness Avenue.
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