For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Worcester 01606 Indian Lake East
124 Sears Island Dr
$166,000
● House - Off Market

124 Sears Island Dr

Worcester, MA 01606
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,078 Ft²
$300,878
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model

About This Property

Waterfront property on Indian Lake - just in time for better weather! Located on Sears Island, this cozy 3-bedroom, 1-bath ranch has a spacious yard ending at the lake. Living room with stone fireplace, kitchen with dining area, den and three bedrooms. French doors lead outside to rear wooden deck. Gas heat and 100 amp electric service. Two small public beaches located on the island. Indian Lake is a 193-acre lake with two public swimming beaches, picnic and recreation areas, a public boat launch and a tennis court. Easy access to I-290, I-190, shopping and schools.
Unit Size
1,078 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$157
Property Type
House
Property Taxes
$259
HOA Dues
-
Year Built
1930

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 5 months ago (MLSPIN #71808215)

Price History

Date / Event Date Event Price
Jun 10, 2015 Sold
Premium
Sold
Mar 29, 2015 Listed by A. A. Zamarro R. E. $169,000
Listed by A. A. Zamarro R. E.

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,627
  • Total Building Area: 1,078
  • Gross Building Area: 1,452
  • Building Area: 1,078
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,078
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SEARS ISLAND-NORTH POND
  • Land Acres: 0000000175
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730500

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 13-034-00069
  • Parcel: WORC M:13 B:034 L:00069
  • Block: 34
  • Lot: 69
  • Municipality: WORCESTER
  • Latitude: 42.2938
  • Longitude: -71.8133

    Address

  • Full Address: 124 Sears Island Dr
  • Address - House Number: 124
  • Address - Street Name: Sears Island
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Worcester
  • Carrier Code: C012
  • 4-Digit Zip Code: 3524
  • Zip Code: 01606

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $478,200

    Appraisal Valuation

  • Standard Deviation: 0.2006
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 383,750
  • High Value: 460,735
  • Low Value: 306,765

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $333,478
  • Assessed Land Value: $225,378
  • Assessed Improvements Value: $108,100

    Sales

  • Current Sale Recording Date: Jun 10, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 53497
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 Indian Lake East

Stats & Trends

Median Asking:

$479,900

Sale Price/ft²

$309

Below Asking

0.01%

Average Days on Market

69

Average Home Size

2051 ft²

Average Home Age

81.6 years

Currently For Sale

5 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: 5 months ago
Data Source: MLS PIN, MLS# 71808215

Frequently Asked Questions

When was property at 124 Sears Island Drive built and last sold?
The property at 124 Sears Island Drive was built in 1930 and last sold on Jan 1, 1970 for $166,000.
How much is this home worth?
The estimated value of the home located at 124 Sears Island Drive is $180,099.
What are some comparable homes to 124 Sears Island Drive?
There are currently no comparable homes to 124 Sears Island Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Worcester Homes for Sale
Worcester Houses for Sale
Worcester Condos for Sale
Worcester Townhouses for Sale
Worcester Multifamily for Sale
Worcester Land for Sale
Worcester Commercial for Sale
Worcester Homes with Basements
Nearby Cities
Northborough Homes for Sale
Whitinsville Homes for Sale
Clinton Homes for Sale
Oxford Homes for Sale
Spencer Homes for Sale
Westborough Homes for Sale
Upton Homes for Sale
East Douglas Homes for Sale
Nearby Property Records
Worcester County, MA Property Records
Middlesex County, MA Property Records
Providence County, RI Property Records
Windham County, CT Property Records
Norfolk County, MA Property Records
Hillsborough County, NH Property Records
Tolland County, CT Property Records
Kent County, RI Property Records
Neighborhoods
Webster Square Real Estate
Broadmeadow Brook Real Estate
West Tatnuck Real Estate
Greendale Real Estate
Forest Grove Real Estate
Grafton Hill Real Estate
Vernon Hill Real Estate
Burncoat Real Estate
Nearby Counties
Shrewsbury Homes for Sale
Grafton Homes for Sale
Holden Homes for Sale
Westborough Homes for Sale
Auburn Homes for Sale
Northborough Homes for Sale
Northbridge Homes for Sale
Clinton Homes for Sale
Top Real Estate Agents
Top Agents in Indian Lake East
Top Agents in Worcester
Top Agents in Shrewsbury
Top Agents in 01545
Top Agents in 01604
Top Agents in 01602
Top Agents in Grafton
Top Agents in 01606