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Worcester 01605 Indian Lake East
9 Hemans
$650,000
● Land - Off Market

9 Hemans

Worcester, MA 01605
bedrooms
Studio
bathrooms
0 Bath
$1,235,049
RealtyHop Estimate
77.48%
Since Oct 1, 2015
National-US
Primary Model

About This Property

City views, over sized multi-family site. Approval in hand for 30 condominium  townhouses ready to go. Seller may participate in development with right developer. Potential site for religious uses. The site is visable from Goldstar Blvd. easy access to Downtown WPI development area and Route I190 and I290 on ramps  Up to 96 units allowed per zoning. Rare find!   Owner/Broker
Unit Size
-
Days on Market
-
Land Size
3.19 acres
Price per sqft
-
Property Type
Land
Property Taxes
$217
HOA Dues
-
Year Built
1900

Payment Calculator

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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 #71726951)

Price History

Date / Event Date Event Price
Sep 15, 2022 Sold
Premium
Sold
Sep 11, 2015 Sold
Premium
Sold
Aug 10, 2014 Listed by Oak Hill Properties $695,900
Listed by Oak Hill Properties
Mar 20, 2002 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,376
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 79,397
  • Total Building Area: 2,752
  • Gross Building Area: 4,472
  • Building Area: 2,752
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,752
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000001823
  • Standard Land Use Code: 8001
  • County Land Use Code: 130

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730500

Zoning

  • Zoning: RG-5

Geography

  • Account Number: 9-030-00009
  • Parcel: WORC M:09 B:030 L:00009
  • Block: 30
  • Lot: 9
  • Municipality: WORCESTER
  • Latitude: 42.2856
  • Longitude: -71.8032

    Address

  • Full Address: 9 Hemans St
  • Address - House Number: 9
  • Address - Street Name: Hemans
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C005
  • 4-Digit Zip Code: 3208
  • Zip Code: 01605

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $132,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $92,100
  • Assessed Land Value: $92,100

    Sales

  • Current Sale Contract Date: Sep 14, 2022
  • Current Sale Recording Date: Sep 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 101440
  • Previous Sale Recording Date: Sep 11, 2015
  • Previous Sale Amount: $650,000
  • Previous Sale Document Type: O
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 Indian Lake East

Stats & Trends

Median Asking:

$479,900

Sale Price/ft²

$276

Below Asking

0.01%

Average Days on Market

66

Average Home Size

1121 ft²

Average Home Age

65.7 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: 4 years ago
Data Source: MLS PIN, MLS# 71726951

Frequently Asked Questions

When was property at 9 Hemans Street built and last sold?
The property at 9 Hemans Street was built in 1900 and last sold on Sep 14, 2022 for $5,500,000.
How much is this home worth?
The estimated value of the home located at 9 Hemans Street is $0.
What are some comparable homes to 9 Hemans Street?
There are currently no comparable homes to 9 Hemans Street.
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