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Worcester 01609 Institute Park
94 Elm St.
Photo of 94 Elm St.

1

Map

$389,900
● House - Off Market

94 Elm St.

Worcester, MA 01609
bedrooms
6 Beds
bathrooms
5 Baths
square feet
4,996 Ft²
$2,446
Est. Monthly

About This Property

1873 Historic Austin Barton home investment. Either as a grand residence or professional offices with receipt of the appropriate city permits. This wonderful property has been well maintained by the same family for over seventy five years. Updates include a new heating system, hot water tank, all windows and electric. Some of the property's original features are well preserved with a three story mahogany spiral staircase, French doors, and three levels of beautiful hardwood floors.
Unit Size
4,996 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$78
Property Type
House
Property Taxes
$531
HOA Dues
-
Year Built
1890

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 days ago (MLSPIN #71267471)

Price History

Date / Event Date Event Price
Dec 21, 2021 Sold
Premium
Sold
Jan 10, 2020 No longer available -
No longer available
Nov 6, 2019 Listed $399,900
Listed
Solid bones, rooming house candidate. 4 full bathrooms. Needs rehab. The manager has listed the unit size as 4432 square feet.
Aug 31, 2016 Sold
Premium
Sold
Sep 2, 2015 Listed by Coldwell Banker Residential Brokerage - Westford $269,000
Listed by Coldwell Banker Residential Brokerage - Westford
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 15
  • Bedroom Count: 8
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 11
  • Roof Cover Type: 6
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,632
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,225
  • Total Building Area: 4,432
  • Gross Building Area: 6,064
  • Building Area: 4,432
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 4,432
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000166
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 731500

Zoning

  • Zoning: RG-5

Geography

  • Account Number: 6-005-00001
  • Parcel: WORC M:06 B:005 L:00001
  • Block: 5
  • Lot: 1
  • Municipality: WORCESTER
  • Latitude: 42.2657
  • Longitude: -71.8122

    Address

  • Full Address: 94 Elm St
  • Address - House Number: 94
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Worcester
  • Carrier Code: C001
  • 4-Digit Zip Code: 2133
  • Zip Code: 01609

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $706,800
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.1952
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 693,932
  • High Value: 829,424
  • Low Value: 558,440

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $492,900
  • Assessed Land Value: $61,400
  • Assessed Improvements Value: $431,500

    Sales

  • Current Sale Contract Date: Dec 20, 2021
  • Current Sale Recording Date: Dec 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 178045
  • Previous Sale Recording Date: Aug 31, 2016
  • 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 Institute Park

Stats & Trends

Median Asking:

$437,500

Sale Price/ft²

$233

Below Asking

0.02%

Average Days on Market

65

Average Home Size

2530 ft²

Average Home Age

108.1 years

Currently For Sale

14 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: 2 days ago
Data Source: MLS PIN, MLS# 71267471

Frequently Asked Questions

When was property at 94 Elm Street built and last sold?
The property at 94 Elm Street was built in 1890 and last sold on Dec 20, 2021 for $630,000.
How much is this home worth?
The estimated value of the home located at 94 Elm Street is $398,384.
What are some comparable homes to 94 Elm Street?
There are currently no comparable homes to 94 Elm Street.
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