Approved land for four 3-bedroom, 2.5-bath attached townhouses at 18 Crown Street in Worcester, each unit approximately 1,500 sq ft with a first-floor garage. Entitlement work is done: the Historical Committee has approved the plans, and the Planning Board has endorsed an ARP for the site (approved, recording to occur prior to closing). The 11,219.95 sq ft lot includes 8 parking spaces. Comparable finished townhouses in the area are trading around $525,000 per unit, putting the projected gross exit north of $2,000,000 against a $175,000 land basis — a shovel-ready opportunity for a builder or investor looking to skip the entitlement process.
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.