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Worcester 01506
149 Lake Rd
$205,000
● House - Off Market

149 Lake Rd

Brookfield, MA 01506
bedrooms
2 Beds
bathrooms
1 Bath
square feet
558 Ft²
$342,691
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

The summer season is around the corner and there is no better time then now to purchase this charming waterfront cottage on the picturesque shores of Lake Quacumquasit (commonly known as South Pond). Experience all the joy that waterfront living has to offer on this fully recreational lake or unwind on the back deck and enjoy the breathtaking view. Boasting extensive renovations (since 2015) this turn key property is in mint condition and has a Pottery Barn feel. Recent updates include: septic system, roof, windows, siding, electrical, flooring, kitchen & bath remodel, new well & water heater to be installed prior to closing! Propane gas heat and full insulation allow for expanded use of the cottage during colder months. Purchase now and host your 4th of July cookout at your new water front cottage!
Unit Size
558 Ft²
Days on Market
-
Land Size
0.56 acres
Price per sqft
$385
Property Type
House
Property Taxes
$192
HOA Dues
-
Year Built
1950

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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 #72166101)

Price History

Date / Event Date Event Price
Aug 10, 2017 Sold
Premium
Sold
May 16, 2017 Listed by Keller Williams Realty Greater Worcester $214,900
Listed by Keller Williams Realty Greater Worcester
Dec 23, 2015 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 2011
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 14
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 18,252
  • Total Building Area: 608
  • Gross Building Area: 660
  • Building Area: 608
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 608
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000419
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Brookfield School District
  • Census Tract: 760100

Zoning

  • Zoning: RR

Geography

  • Account Number: 45003F000
  • Parcel: BROO M:003F B:0000 L:00040
  • Lot: 40
  • Municipality: BROOKFIELD
  • Latitude: 42.1809
  • Longitude: -72.0751

    Address

  • Full Address: 149 Lake Rd
  • Address - House Number: 149
  • Address - Street Name: Lake
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Brookfield
  • Carrier Code: R001
  • 4-Digit Zip Code: 1818
  • Zip Code: 01506

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $573,000

    Appraisal Valuation

  • Standard Deviation: 0.1997
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 73
  • Final Value: 426,321
  • High Value: 511,480
  • Low Value: 341,162

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $377,000
  • Assessed Land Value: $186,600
  • Assessed Improvements Value: $190,400

    Sales

  • Current Sale Recording Date: Aug 10, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 86742
  • Previous Sale Recording Date: Dec 23, 2015
  • Previous Sale Amount: $122,500
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2426 ft²

Average Home Age

63.1 years

Currently For Sale

1941 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72166101

Frequently Asked Questions

When was property at 149 Lake Road built and last sold?
The property at 149 Lake Road was built in 1950 and last sold on Jan 1, 1970 for $205,000.
How much is this home worth?
The estimated value of the home located at 149 Lake Road is $213,860.
What are some comparable homes to 149 Lake Road?
There are currently no comparable homes to 149 Lake Road.
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