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Worcester 01602 Newton Square
81 Richmond Ave
$455,500
● House - Off Market

81 Richmond Ave

Worcester, MA 01602
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,617 Ft²
$397,505
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

*** BOM - Home is Estate owned and requires time to obtain license to sell. ***  Welcome home! Located in the West Side neighborhood of Worcester, this charming 3 bedroom, 1.5 bath colonial home is ready for you to move in and make it your own. As you step inside, you'll be greeted by the spacious and inviting living room - complete with a fireplace - this is the perfect spot for relaxing with family and friends. This home provides additional space in a partially finished walk-up attic and full basement. The private back yard patio and terraced yard provide a peaceful outdoor retreat where you can enjoy your morning coffee or host barbecues.Open House Saturday 05/13/2023 12 PM - 2 PM and highest and best offers due Monday 05/15/2023 at 4pm.
Unit Size
1,617 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$247
Property Type
House
Property Taxes
$441
HOA Dues
-
Year Built
1930

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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 #73090494)

Price History

Date / Event Date Event Price
Sep 19, 2023 Sold
Premium
Sold
May 17, 2023 In contract -
In contract
May 9, 2023 Relisted $254,900
Relisted
Mar 30, 2023 In contract -
In contract
Mar 22, 2023 Listed by 1 Worcester Homes $400,000
Listed by 1 Worcester Homes
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 5
  • 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: 792
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,543
  • Total Building Area: 1,617
  • Gross Building Area: 3,645
  • Building Area: 1,617
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,617
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: S QUINSIGAMOND AVE
  • Land Acres: 0000000265
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730802

Zoning

  • Zoning: RS-10

Geography

  • Account Number: 11-039-00028
  • Parcel: WORC M:11 B:039 L:00028
  • Block: 39
  • Lot: 28
  • Municipality: WORCESTER
  • Latitude: 42.2787
  • Longitude: -71.8321

    Address

  • Full Address: 81 Richmond Ave
  • Address - House Number: 81
  • Address - Street Name: Richmond
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C001
  • 4-Digit Zip Code: 1517
  • Zip Code: 01602

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $529,000

    Appraisal Valuation

  • Standard Deviation: 0.2344
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 458,643
  • High Value: 566,155
  • Low Value: 351,131

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $368,900
  • Assessed Land Value: $103,300
  • Assessed Improvements Value: $265,600

    Sales

  • Current Sale Contract Date: Sep 18, 2023
  • Current Sale Recording Date: Sep 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 77805
  • Previous Sale Recording Date: Mar 07, 2011
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: 27
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 Newton Square

Stats & Trends

Median Asking:

$524,950

Sale Price/ft²

$273

Below Asking

0.02%

Average Days on Market

63

Average Home Size

4760 ft²

Average Home Age

110.1 years

Currently For Sale

12 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73090494

Frequently Asked Questions

When was property at 81 Richmond Avenue built and last sold?
The property at 81 Richmond Avenue was built in 1930 and last sold on Sep 18, 2023 for $455,500.
How much is this home worth?
The estimated value of the home located at 81 Richmond Avenue is $399,636.
What are some comparable homes to 81 Richmond Avenue?
There are currently no comparable homes to 81 Richmond Avenue.
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