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CondominiumResidential

48 Water St

WORCESTER, MA 01604
1.07 ac
Lot SizeThe size of the land the home sits on, from county records.
1890
Year BuiltThe year the home was originally built, according to county records.
3
StoriesHow many floors the home has above ground.
Built 18904 floors33 units608–37,896 ft²
$14M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$400K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$389
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

-7.8%vs the Worcester ZIP median sale $/ft² ($422)

Sales Performance

—
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
—
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
0
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
0.0%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+10.2%per yeartypical hold 3.2 yrsfrom 11 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
2017201820192020202120222024
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
2017201820192020202120222024

42 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Every unit: size vs estimated valueEvery unit in the building as one dot: across is its size, up is our current value estimate, and color is its bedroom count. Vertical columns of dots are recurring floor plans; the height spread within a column shows how much floor, view and condition move prices for the same layout.
$307K$382K$456K$531K608 ft²8,066 ft²15,523 ft²22,981 ft²30,438 ft²37,896 ft²
1 bd2 bd4+ bd
1 bed
25 units
2 bed
7 units
9 bed
1 unit
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
1 bd · 1.5 ba · 1,077 ft²
2 units
One-off layouts
31 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$307K–$330K
2 units
$358K–$362K
2 units
$369K–$389K
9 units
$396K–$411K
7 units
$422K–$446K
6 units
$462K–$473K
2 units
$479K–$484K
2 units
$522K–$531K
3 units

Value by Floor & LineAverage estimated price per square foot by floor range, using unit numbers to infer floors. Higher floors usually price higher — the gap shows how much the view is worth here.

Floor 3
$399/ft²
Floor 4
$396/ft²

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.82%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.6%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.7.8 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.50%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.35%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$369,173
Median tax billThe middle annual property tax bill among the building's units.$4,180
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 307May 2, 2024$489,900Unit 314Apr 10, 2024$437,900Unit 306Jan 11, 2024$350,000Unit 403Nov 30, 2022$287,500Unit 404Jun 28, 2022$325,000Unit 302Oct 15, 2021$380,000Unit 308Sep 3, 2021$267,500Unit 301Sep 3, 2021$320,000Unit 314Oct 13, 2020$360,000Unit 308Mar 24, 2020$214,900

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.21 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyWORCESTER
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
CoolingThe type of cooling or air conditioning in the home.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Union Hill SchoolD
Elementary · Grades KG–6 · 0.5 mi
M
Worcester East Middle SchoolC-
Middle · Grades 7–8 · 0.7 mi
H
North High SchoolD-
High · Grades 9–12 · 1.4 mi

District: Worcester School District

Neighborhood · ZIP 01604These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.119
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.101
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.60

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.19%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.16%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.4%
PopulationHow many people live in this area.41,449
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.6,319 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$69,285
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$88,234
Average tempThe average temperature here across a full year.47°F
Annual precipHow much rain and melted snow falls here in a typical year.48 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.50%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

48 Water St # 1
9 bd · 22 ba · 37,896 ft²
$400K
48 Water St # 301
1 bd · 1 ba · 935 ft²
$386K
48 Water St # 302
2 bd · 2.5 ba · 1,322 ft²
$484K
48 Water St # 303
2 bd · 2 ba · 1,273 ft²
$462K
48 Water St # 304
2 bd · 2 ba · 1,492 ft²
$531K
48 Water St # 305
2 bd · 2 ba · 1,175 ft²
$446K
48 Water St # 306
1 bd · 1 ba · 895 ft²
$381K
48 Water St # 307
2 bd · 2 ba · 1,523 ft²
$522K
48 Water St # 308
1 bd · 1 ba · 608 ft²
$307K
48 Water St # 309
1 bd · 1 ba · 1,034 ft²
$398K
48 Water St # 310
1 bd · 1 ba · 864 ft²
$358K
48 Water St # 312
1 bd · 1 ba · 822 ft²
$376K
48 Water St # 314
2 bd · 2 ba · 1,250 ft²
$473K
48 Water St # 401
1 bd · 1.5 ba · 920 ft²
$389K
48 Water St # 402
1 bd · 1.5 ba · 1,130 ft²
$436K
48 Water St # 403
1 bd · 1.5 ba · 868 ft²
$362K
48 Water St # 404
1 bd · 1.5 ba · 1,077 ft²
$423K
48 Water St # 405
1 bd · 1.5 ba · 871 ft²
$330K
48 Water St # 406
1 bd · 1.5 ba · 1,081 ft²
$411K
48 Water St # 407
1 bd · 1.5 ba · 854 ft²
$371K
48 Water St # 408
1 bd · 1.5 ba · 1,077 ft²
$411K
48 Water St # 409
1 bd · 1.5 ba · 893 ft²
$369K
48 Water St # 410
1 bd · 1.5 ba · 1,013 ft²
$437K
48 Water St # 411
1 bd · 1.5 ba · 942 ft²
$387K
48 Water St # 412
1 bd · 1.5 ba · 1,036 ft²
$407K
48 Water St # 413
1 bd · 1.5 ba · 1,030 ft²
$396K
48 Water St # 414
1 bd · 1.5 ba · 1,028 ft²
$400K
48 Water St # 415
1 bd · 1.5 ba · 975 ft²
$381K
48 Water St # 416
1 bd · 1.5 ba · 961 ft²
$382K
48 Water St # 417
2 bd · 2 ba · 1,494 ft²
$530K
48 Water St # 418
1 bd · 2 ba · 1,205 ft²
$479K
48 Water St # 420
1 bd · 1.5 ba · 1,126 ft²
$430K
48 Water St # 422
1 bd · 1.5 ba · 1,099 ft²
$422K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 48 Water St

How many units are in 48 Water St, Worcester, MA?

48 Water St, Worcester, MA has 33 residential units across 4 floors, built in 1890, according to county assessor records.

What is a unit at 48 Water St, Worcester, MA worth?

The median TopHap Estimate across the 33 units at 48 Water St, Worcester, MA is $400,285. That works out to $389 per square foot. Units run from 608 to 37,896 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 48 Water St, Worcester, MA expensive for Worcester?

Units at 48 Water St, Worcester, MA carry a median of $389 per square foot, 8% below the Worcester median of $422 per square foot.

How often do units sell at 48 Water St, Worcester, MA?

0 units at 48 Water St, Worcester, MA sold in the last 12 months, out of 42 recorded arms-length sales all time. That is a turnover rate of 0.0% of the building per year.

Have units at 48 Water St, Worcester, MA appreciated?

Across 11 repeat sales of the same unit, 48 Water St, Worcester, MA returned a median 10.2% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 3.2 years.

What floor plans does 48 Water St, Worcester, MA have?

The most common plan at 48 Water St, Worcester, MA is a 1-bedroom of 1,077 square feet, repeated 2 times, with a median estimate of $417,028. TopHap identifies 1 recurring plans in the building.

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