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Worcester 01604 Lake Park
14 Locust Ave.
$245,000
● House - Off Market

14 Locust Ave.

Worcester, MA 01604
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,200 Ft²
$494,514
RealtyHop Estimate
98.60%
Since Jun 1, 2013
National-US
Primary Model

About This Property

Well built, Brick front Dormored Cape. Beautiful manicured 12,285 lot with Stone walls, patio and gardens. 9 Rooms, 4/5 Bedrooms, 3 baths.  New replacement windows,updated circuit breakers.  All appliances stay.Walk-out bsmt with kitchen, bath, wet bar, bedroom. Oversized 2 car garage with new doors and storage area.  GAS HEAT 3 zones. Great highway access, Mass Pike,290, Rt 9 and 20. Train station. Across from UMass Med. Easy to show
Unit Size
3,200 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$78
Property Type
House
Property Taxes
$373
HOA Dues
-
Year Built
1945

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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 #71456331)

Price History

Date / Event Date Event Price
Jan 11, 2017 Sold
Premium
Sold
May 16, 2013 Sold
Premium
Sold
Nov 11, 2012 Listed by RE/MAX Advantage 1 $249,000
Listed by RE/MAX Advantage 1

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 4
  • Exterior Walls Type: 11
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,204
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,285
  • Total Building Area: 2,156
  • Gross Building Area: 4,393
  • Building Area: 2,156
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 2,156
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000282
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

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

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 17-014-16+18
  • Parcel: WORC M:17 B:014 L:16+18
  • Block: 14
  • Lot: 16+18
  • Municipality: WORCESTER
  • Latitude: 42.2726
  • Longitude: -71.7625

    Address

  • Full Address: 14 Locust Ave
  • Address - House Number: 14
  • Address - Street Name: Locust
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C012
  • 4-Digit Zip Code: 6020
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $659,500

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 626,475
  • High Value: 731,100
  • Low Value: 521,850

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $459,900
  • Assessed Land Value: $103,300
  • Assessed Improvements Value: $356,600

    Sales

  • Current Sale Recording Date: Jan 11, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 3722
  • Previous Sale Recording Date: May 16, 2013
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: O
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:

$544,450

Sale Price/ft²

$276

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# 71456331

Frequently Asked Questions

When was property at 14 Locust Avenue built and last sold?
The property at 14 Locust Avenue was built in 1945 and last sold on Jan 1, 1970 for $125,000.
How much is this home worth?
The estimated value of the home located at 14 Locust Avenue is $251,366.
What are some comparable homes to 14 Locust Avenue?
There are currently no comparable homes to 14 Locust Avenue.
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