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Webster 01570
116 Lake Street
$95,000
● Land - Off Market

116 Lake Street

Webster, MA 01570
bedrooms
Studio
bathrooms
0 Bath
$91,939
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

Excellent easy to build Lot! all cleared. Town Water and Sewer! Ability to access city gas! Owners has Engineered Plan to split into 2 Multi-Family Lots. Approximately 12,000 sq. ft. each. Lot being offered for this price ( Lot 2A ) on recorded plan, has approx. 95.4' on Lake St only. Owner would also consider selling entire parcel.
Unit Size
-
Days on Market
-
Land Size
0.55 acres
Price per sqft
-
Property Type
Land
Property Taxes
$329
HOA Dues
-
Year Built
2017

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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 #72138473)

Price History

Date / Event Date Event Price
May 4, 2017 Sold
Premium
Sold
Mar 30, 2017 Listed by Hope Real Estate Group, Inc. $56,900
Listed by Hope Real Estate Group, Inc.

Property Highlights

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 31
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,008
  • Total Building Area: 2,638
  • Building Area: 2,638
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,638
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000276
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Webster School District
  • School Tax School District: WEBSTER SD
  • Census Tract: 754200

Zoning

  • Zoning: MR-12,

Geography

  • Account Number: 3551
  • Parcel: WEBS M:29 B:H P:50
  • Block: H
  • Municipality: WEBSTER
  • Latitude: 42.0471
  • Longitude: -71.8685

    Address

  • Full Address: 116 Lake St
  • Address - House Number: 116
  • Address - Street Name: Lake
  • Address - Suffix Type: St
  • State: MA
  • City Name: Webster
  • Zip Code: 01570

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $612,700
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 508,264
  • High Value: 593,147
  • Low Value: 423,381

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $503,000
  • Assessed Land Value: $57,000
  • Assessed Improvements Value: $446,000

    Sales

  • Current Sale Recording Date: May 04, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 44854
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 Webster

Stats & Trends

Median Asking:

$429,000

Sale Price/ft²

$218

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1995 ft²

Average Home Age

89 years

Currently For Sale

19 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 41 Prospect St, MA, 01570

$1,389 /mo

  • 2 Beds
  • 1 Bath
41 Prospect St, MA, 01570 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# 72138473

Frequently Asked Questions

When was property at 116 Lake Street built and last sold?
The property at 116 Lake Street was built in 2017 and last sold on Jan 1, 1970 for $95,000.
How much is this home worth?
The estimated value of the home located at 116 Lake Street is $57,469.
What are some comparable homes to 116 Lake Street?
There are currently no comparable homes to 116 Lake Street.
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