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Worcester 01605 Forest Grove
865 Grove St. Terrace
$255,000
● House - Off Market

865 Grove St. Terrace

Worcester, MA 01605
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,056 Ft²
$455,031
RealtyHop Estimate
78.44%
Since Jul 1, 2005
National-US
Primary Model

About This Property

Raised ranch on quiet street.  Large, open, back yard.  Fences on both sides.  Heated  garage, many exterior updates.  Lower level bathroom with shower.  Living area does not include lower level finished family room.  Wall to wall carpet in living room to be removed over weekend.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$241
Property Type
House
Property Taxes
$229
HOA Dues
-
Year Built
1962

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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 years ago (MLSPIN #70158067)

Price History

Date / Event Date Event Price
Jun 15, 2005 Sold
Premium
Sold
Mar 15, 2005 Listed by Christopher R. Reidy $255,000
Listed by Christopher R. Reidy

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 720
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,679
  • Total Building Area: 1,100
  • Gross Building Area: 2,348
  • Building Area: 1,100
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,100
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730600

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 33-42C-00016
  • Parcel: WORC M:33 B:42C L:00016
  • Block: 42C
  • Lot: 16
  • Municipality: WORCESTER
  • Latitude: 42.3122
  • Longitude: -71.826

    Address

  • Full Address: 865 Grove Street Ter
  • Address - House Number: 865
  • Address - Street Name: Grove Street
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Worcester
  • Carrier Code: C003
  • 4-Digit Zip Code: 3134
  • Zip Code: 01605

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $483,100

    Appraisal Valuation

  • Standard Deviation: 0.2367
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 406,881
  • High Value: 503,224
  • Low Value: 310,537

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $336,900
  • Assessed Land Value: $103,500
  • Assessed Improvements Value: $233,400

    Sales

  • Current Sale Recording Date: Jun 15, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00095110
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 Forest Grove

Stats & Trends

Median Asking:

$519,900

Sale Price/ft²

$294

Below Asking

0.02%

Average Days on Market

50

Average Home Size

1805 ft²

Average Home Age

81.4 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 years ago
Data Source: MLS PIN, MLS# 70158067

Frequently Asked Questions

When was property at 865 Grove Street built and last sold?
The property at 865 Grove Street was built in 1962 and last sold on Jan 1, 1970 for $255,000.
How much is this home worth?
The estimated value of the home located at 865 Grove Street is $0.
What are some comparable homes to 865 Grove Street?
There are currently no comparable homes to 865 Grove Street.
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