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Worcester 01609 Forest Grove
18 Lantern Lane
$165,000
● Land - Off Market

18 Lantern Lane

Worcester, MA 01609
bedrooms
Studio
bathrooms
0 Bath
$304,152
RealtyHop Estimate
73.80%
Since Oct 1, 2005
National-US
Primary Model

About This Property

Level completed house lot in Worcester's most desireable neighborhood.  Lot is level and fenced.  Pool on property will either be filled in or buyer can at his expense evaluate for repair/use. Cul-de-sac location.  Cleared lot ready to be built.  Will also custom build on this lot
Unit Size
-
Days on Market
-
Land Size
0.25 acres
Price per sqft
-
Property Type
Land
Property Taxes
$60
HOA Dues
-
Year Built
2006

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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 #70233898)

Price History

Date / Event Date Event Price
Sep 15, 2005 Sold
Premium
Sold
Jul 31, 2005 Listed by Re/max R. E. Professionals $175,000
Listed by Re/max R. E. Professionals

Property Highlights

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,848
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,157
  • Total Building Area: 3,921
  • Gross Building Area: 6,854
  • Building Area: 3,921
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,921
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000256
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730600

Zoning

  • Zoning: RS-10

Geography

  • Account Number: 55-15C-00048
  • Parcel: WORC M:55 B:15C L:00048
  • Block: 15C
  • Lot: 48
  • Municipality: WORCESTER
  • Latitude: 42.2983
  • Longitude: -71.8335

    Address

  • Full Address: 18 Lantern Ln
  • Address - House Number: 18
  • Address - Street Name: Lantern
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Worcester
  • Carrier Code: C003
  • 4-Digit Zip Code: 1158
  • Zip Code: 01609

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,044,800

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 884,393
  • High Value: 1,032,092
  • Low Value: 736,695

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $728,600
  • Assessed Land Value: $106,400
  • Assessed Improvements Value: $622,200

    Sales

  • Current Sale Recording Date: Sep 15, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00155336
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 Forest Grove

Stats & Trends

Median Asking:

$519,950

Sale Price/ft²

$292

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1891 ft²

Average Home Age

82.5 years

Currently For Sale

23 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70233898

Frequently Asked Questions

When was property at 18 Lantern Lane built and last sold?
The property at 18 Lantern Lane was built in 2006 and last sold on Jan 1, 1970 for $165,000.
How much is this home worth?
The estimated value of the home located at 18 Lantern Lane is $176,750.
What are some comparable homes to 18 Lantern Lane?
There are currently no comparable homes to 18 Lantern Lane.
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