48 Water St Unit 405, Worcester, MA, 01604
About This Home
PRICED WELL BELOW APPRAISED VALUE PLUS $2K BACK TOWARDS CLOSING COSTS!! Experience urban living at its finest in this gorgeous, loft-style condo located in the Canal District, moments from some of Worcester's main attractions. This stunning 1-bedroom, 1.5-bathroom unit offers high-end finishes and an unbeatable location, perfect for city enthusiasts and pet owners alike. Enjoy soaring high ceilings and massive windows that flood the space with natural light, highlighting the beautiful newer vinyl plank flooring. The kitchen is equipped with granite counters, stainless steel appliances and a peninsula. Step outside and find yourself close to polar park, dining and shopping, Worcester ice and union station. Residents enjoy a host of luxurious amenities for a premier lifestyle. A clubroom for hosting parties, on-site fitness center and secure bicycle storage. Pay electricity and internet only! This condo has an unrivaled city location with easy highway access.
Getting Around
Walker's Paradise
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1890
Materials
- Roof: Rubber
- Construction materials: Brick
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Appliances
- Appliances included: Range,Dishwasher,Microwave,Refrigerator,Washer/Dryer
- Laundry features: Second Floor,In Building,In Unit
Bathroom1
- Level: First
Bathroom2
- Features: Bathroom - Tiled With Shower Stall, Bathroom - With Tub
- Level: Second
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Features
- Finished area above ground: 871
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 871
- Total interior livable area: 871 sqft
Kitchen
- Features: Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances, Lighting - Pendant
- Level: First
Living Room
- Features: Cathedral Ceiling(s)
- Level: First
Master Bathroom
- Features: Yes
Master Bedroom
- Features: Cathedral Ceiling(s), Closet, Flooring - Wall to Wall Carpet, Closet - Double
- Level: Second
Property
Details
- Parcel number: M:04 B:020 L:00405,4881193
- Zoning: Res
Features
- Entry location: Unit Placement(Upper)
Parking
- Total spaces: 1
- Parking features: Off Street,Assigned,Available for Purchase
- Uncovered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Inland Flooding
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,716 | $20,592 |
| Home Insurance * | $153 | $1,836 |
| Property Taxes | $362 | $4,344 |
| Electricity | $354 | $4,259 |
| Total | $2,585 | $31,020 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-16 | Listed for rent | $2,050 |
| 2026-08-12 | Price change | $330,000 |
| 2026-07-24 | Price change | $339,500 |
| 2026-07-08 | Price change | $339,900 |
| 2026-06-14 | Price change | $341,900 |
| 2026-06-03 | Listed for sale | $350,000 |
| 2018-12-12 | Sold | $195,000 |
| 2018-10-24 | Pending sale | $195,000 |
| 2018-10-03 | Listed for sale | $195,000 |
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