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Worcester 01604 Lake Park
113 Lake Avenue
$272,500
● House - Off Market

113 Lake Avenue

Worcester, MA 01604
bedrooms
2 Beds
bathrooms
1 Bath
square feet
825 Ft²
$288,432
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Don't miss out on this adorable 2 bedroom 1 bath bungalow with a beautiful view and lake rights to Lake Quinsigamond, Just in time for summer ! The living room has a cozy fireplace and hardwood floors and a quaint little entry area off of the front entrance. Step out onto the back porch where you will enjoy the view of the lake. This home is perfect for the first time home buyer or those wanting to downsize as well as a great investment or Air bnb. There is a pull down attic with space above which would make a sweet loft as well as a full basement with a bulkhead leading to the partially fenced private side yard. Conveniently located close to UMass Medical, highways and Lake Quinsigamond. Bring your ideas, needs updating and cosmetics. This home is being sold "as is".
Unit Size
825 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$339
Property Type
House
Property Taxes
$224
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 4 months ago (MLSPIN #73079019)

Price History

Date / Event Date Event Price
Mar 28, 2023 Sold
Premium
Sold
Feb 23, 2023 In contract -
In contract
Feb 14, 2023 Listed by Better Homes and Gardens Real Estate - The Masiello Group $279,900
Listed by Better Homes and Gardens Real Estate - The Masiello Group
Jun 2, 1997 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 825
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,281
  • Total Building Area: 825
  • Gross Building Area: 2,430
  • Building Area: 825
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 825
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000075
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732201

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 17-001-00032
  • Parcel: WORC M:17 B:001 L:00032
  • Block: 1
  • Lot: 32
  • Municipality: WORCESTER
  • Latitude: 42.2696
  • Longitude: -71.7563

    Address

  • Full Address: 113 Lake Ave
  • Address - House Number: 113
  • Address - Street Name: Lake
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C008
  • 4-Digit Zip Code: 1136
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $292,100

    Appraisal Valuation

  • Standard Deviation: 0.1862
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 287,889
  • High Value: 341,523
  • Low Value: 234,255

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $203,700
  • Assessed Land Value: $64,000
  • Assessed Improvements Value: $139,700

    Sales

  • Current Sale Contract Date: Mar 28, 2023
  • Current Sale Recording Date: Mar 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23754
  • Previous Sale Recording Date: Jun 02, 1997
  • Previous Sale Amount: $60,000
  • 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 Lake Park

Stats & Trends

Median Asking:

$549,000

Sale Price/ft²

$280

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1335 ft²

Average Home Age

43.8 years

Currently For Sale

8 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 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: 4 months ago
Data Source: MLS PIN, MLS# 73079019

Frequently Asked Questions

When was property at 113 Lake Avenue built and last sold?
The property at 113 Lake Avenue was built in 1940 and last sold on Mar 28, 2023 for $272,500.
How much is this home worth?
The estimated value of the home located at 113 Lake Avenue is $281,025.
What are some comparable homes to 113 Lake Avenue?
There are currently no comparable homes to 113 Lake Avenue.
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