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Worcester 01602 Newton Square
85 Richmond Ave
Photo of 85 Richmond Ave
Sold on Aug 18, 2006

1

Map

$272,500
● House - Off Market

85 Richmond Ave

Worcester, MA 01602
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,499 Ft²
$480,678
RealtyHop Estimate
68.66%
Since Sep 1, 2006
National-US
Primary Model

About This Property

Pride of ownership! Lovely 3 bedroom Dutch Colonial features hardwoods under all of the new carpeting, a fireplaced living room adjacent to the cozy family room, eat-in kitchen, formal dining room with built-ins, 3 season room with access to the deck & a whirlpool tub in the bath. This home has vinyl siding & windows, a new roof & boiler, a semi-finished basement with 3/4 bath & laundry, and is located in a wonderful neighborhood on the West Side - Move in condition!
Unit Size
1,499 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$190
Property Type
House
Property Taxes
$251
HOA Dues
-
Year Built
1923

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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 #70243014)

Price History

Date / Event Date Event Price
Aug 18, 2006 Sold
Premium
Sold
Aug 17, 2005 Listed $285,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 7
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 784
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,330
  • Total Building Area: 1,460
  • Gross Building Area: 3,232
  • Building Area: 1,460
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,460
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000214
  • 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: 11-039-00027
  • Parcel: WORC M:11 B:039 L:00027
  • Block: 39
  • Lot: 27
  • Municipality: WORCESTER
  • Latitude: 42.2789
  • Longitude: -71.8322

    Address

  • Full Address: 85 Richmond Ave
  • Address - House Number: 85
  • 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: $488,300

    Appraisal Valuation

  • Standard Deviation: 0.1865
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 444,656
  • High Value: 527,620
  • Low Value: 361,692

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $340,500
  • Assessed Land Value: $103,000
  • Assessed Improvements Value: $237,500

    Sales

  • Current Sale Recording Date: Aug 18, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00124488
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:

$527,450

Sale Price/ft²

$272

Below Asking

0.02%

Average Days on Market

60

Average Home Size

5693 ft²

Average Home Age

114 years

Currently For Sale

9 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# 70243014

Frequently Asked Questions

When was property at 85 Richmond Avenue built and last sold?
The property at 85 Richmond Avenue was built in 1923 and last sold on Jan 1, 1970 for $272,500.
How much is this home worth?
The estimated value of the home located at 85 Richmond Avenue is $294,277.
What are some comparable homes to 85 Richmond Avenue?
There are currently no comparable homes to 85 Richmond Avenue.
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