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Worcester 01570
124-2 Gore Road
$115,000
● Land - Off Market

124-2 Gore Road

Webster, MA 01570
bedrooms
Studio
bathrooms
0 Bath
$614
Est. Monthly

About This Property

*INCREDIBLE PRICE REDUCTION, SELLER MOTIVATED TO SELL. WILLING TO REVIEW ANY AND ALL OFFERS*Beautiful buildable lot on Webster Lake. Private 1.68 acres. Located in North Pond. Beautiful panoramic views on a quiet cove. Lot was previously split. Conservation Approval in hand. Town Water & Sewer available. 320 feet of road frontage and 200 feet of waterfront.This is the opportunity to build a unique home with spectacular views. Direct boat access.
Unit Size
-
Days on Market
-
Land Size
1.68 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

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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 #73031831)

Price History

Date / Event Date Event Price
Jan 18, 2024 Sold
Premium
Sold
Jul 14, 2023 In contract -
In contract
Jul 5, 2023 Price Decreased $125,000
↓ $65K (34.2%)
Price Decreased
Feb 21, 2023 Price Decreased $189,900
↓ $10K (5%)
Price Decreased
Nov 7, 2022 Price Decreased $199,900
↓ $25K (11.2%)
Price Decreased
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Building Count: 3
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • 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: 75,605
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001736
  • Standard Land Use Code: 1001
  • County Land Use Code: 109

Neighborhood

  • School District Name: Webster School District
  • School Tax School District: WEBSTER SD
  • Census Tract: 754100

Zoning

  • Zoning: GB-5 W

Geography

  • Account Number: 6088
  • Parcel: WEBS M:75 B:C P:21
  • Block: C
  • Municipality: WEBSTER
  • Latitude: 42.0586
  • Longitude: -71.8449

    Address

  • Full Address: 124 Gore Rd
  • Address - House Number: 124
  • Address - Street Name: Gore
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Webster
  • Carrier Code: R006
  • 4-Digit Zip Code: 6813
  • Zip Code: 01570

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $690,100

    Appraisal Valuation

  • Standard Deviation: 0.1773
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 518,805
  • High Value: 610,815
  • Low Value: 426,796

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $566,600
  • Assessed Land Value: $149,700
  • Assessed Improvements Value: $416,900

    Sales

  • Current Sale Recording Date: Jul 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 77508
  • Previous Sale Recording Date: Oct 17, 1996
  • Previous Sale Amount: $40,500
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2429 ft²

Average Home Age

62.8 years

Currently For Sale

1936 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73031831

Frequently Asked Questions

When was property at 124 Gore Road built and last sold?
The property at 124 Gore Road was built in and last sold on Jan 1, 1970 for $277,500.
How much is this home worth?
The estimated value of the home located at 124 Gore Road is $126,250.
What are some comparable homes to 124 Gore Road?
There are currently no comparable homes to 124 Gore Road.
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