For the Zip Trip Friday, June 29, John and Anthony visit zip code 01604 in Worcester, Massachusetts.
John and Anthony discussed 3 properties for sale in Worcester.
Watch Zip Trip to Worcester video:[toggle_content title=”John and Anthony Discuss Homes for Sale in Worcester”]
Welcome back to Worcester everybody at the Zip Trip this morning. This is our On the Market segment, and we’re joined here by John McGeough and Anthony Lamacchia as we are every week to travel with us to the different towns to get a little bit of a sampling of what you can get for your money in different towns of course we’re in Worcester this morning. You’re an expert on the population here?
Yeah this week I got it! 180,000 people in Worcester. The average price for a single family home is $165,000 and for average price for a condo is $112,000 and the average price for a multi-family, we added those in this week because there are a lot of them in Worcester, is $150,000. So extremely affordable town.
Extremely affordable and a good mix of stuff that we’re getting ready to show people. Why don’t we talk about the first house here.
Yes, first property is on 196 May Street in Worcester we’ve got it listed at $170,000 and it’s a four family property. What I want to point out with this is, I was running some numbers this morning, and someone could buy this with 10% down, and their mortgage payment would be about $800 a month, the property is currently collecting about $3000 a month in rent, so if someone lived in one of the units, they could collect $2000 in rent, have a mortgage of a $1000 and pocket $1000. So imagine getting paid to live in a house?
Maybe we move to Worcester!
Yeah so it’s a pretty good deal.
That’s not a bad deal at all, and there are a lot of those around here as well.
Yes there are a lot of multi families across Worcester, because years back they were built because of the colleges.
Yes there’s a lot of colleges here in Worcester as well, all right John you’ve got property number two.
Yes and number two is a 55 and older community, it’s called Salisbury Hill, great floor plans, you’ve actually got a choice of four different floor plans, the one I like is you’ve got a first floor master suite, you then have a loft and a second bedroom upstairs. The prices are very reasonable; they are ranging from $299,000 all the way to up to $369,000. Great detail, great opportunity, I think phase 1 is already built, so once again, 55 and older, really nice and affordable.
So it’s a new property?
It’s new construction ,the developer is Capital Group Properties and they’ve done a great job throughout the area.
So I can’t move in there yet.
Not yet, not yet, a couple of years.
All right our third property today is what?
Yeah this one I love, it’s over on the West Side, this property is on Whitman Road, it’s listed for $475,000, it’s been dropped quite a bit, it was originally listed for over $500,000. It’s 5000 square feet, your classic Victorian shingle-style home, this same property in Brookline or Newton would be 3 to 4 million dollars. 6 bedrooms 3 and a half baths, tremendous detail, and that area, if you haven’t been up there, is literally like walking in the most exclusive neighborhoods throughout the country. Really nice area.
There really is an incredible spread of the type of properties that you get here in Worcester and you do get some of the older Victorian type houses and obviously some new construction as well around here.
Absolutely there’s a big selection.
And very affordable.
All right John McGeough and Anthony Lamacchia of Lamacchia Realty , we appreciate your time as always.[/toggle_content]
About Worcester Massachusetts
Worcester recently made our 10 Hottest Towns in Massachusetts Real Estate due to the large increase in spring home sales and average home selling prices. With its easy access to major routes like the Mass Pike, and commuter rail access to Boston, residents can get to Providence in 45 minutes, Boston in an hour, and New York City in about 3 and a half hours. Worcester is the second largest city in Massachusetts with a population of 181,045 in 2010, a 4.9% increase since 2000.
What makes Worcester a great town to live in?
Worcester’s “Restaurant Row” on Shrewsbury Street has more than 40 choices for fine and casual dining as well as many retail shops. Every year there’s an event called, “The Taste of Shrewsbury Street,” that includes tastings from the dozens of member restaurants plus live music and other attractions. The Taste is one of the biggest outdoor festivals in Worcester. Worcester is also home to the Miss Worcester Diner, also known as the “Miss Woo,” which has been serving home style breakfast since 1948. In 2010 The Learning Channel named it the #1 “Darn Good Diner” in America as part of their Best Food Ever series.
There’s no shortage of things to do in Worcester. The DCU Center located in downtown Worcester is an indoor arena and conference center that hosts concerts, expos, and sports events. The Hanover Theatre for the Performing Arts is a beautifully restored theatre originally built in 1904. It now hosts musical acts, plays, lectures, and theatrical performances like Blue Man Group. Worcester has a world renowned art collection at the Worcester Art Museum, and for children there’s the EcoTarium, an indoor-outdoor science museum. There are several parks in the city including Elm Park where we will broadcast our Zip Trip. Elm Park has a playground, tennis courts, basketball, and winter skating. It also has picnic areas and hiking trails.
The average sale price in for a single-family home in Worcester is $165,712 and $111,782 for a condo.
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