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Worcester 01604 Grafton Hill
2 Bay Edge Ln
$175,000
● House - Off Market

2 Bay Edge Ln

Worcester, MA 01604
bedrooms
2 Beds
bathrooms
1 Bath
square feet
980 Ft²
$254,292
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model

About This Property

***New to Market***Two bedroom, one bath ranch house on quiet cul de sac.  Hardwoods in living room and both bedrooms.  Cabinet packed kitchen with cozy dining area.  Walk up attic and walk out basement each offer ample storage and/or expansion potential.  Excellent access to major routes, UMass Hospital, Lake Park and shopping centers.  Older but functional heating system.  Seller will upgrade to 200 amp electrical service prior to closing but home is otherwise sold "AS IS."  Offers due by Friday 2/22 at 5:00 p.m.***
Unit Size
980 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$173
Property Type
House
Property Taxes
$284
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72454050)

Price History

Date / Event Date Event Price
Mar 29, 2019 Sold
Premium
Sold
Feb 16, 2019 Listed by RE/MAX Vision $170,000
Listed by RE/MAX Vision

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 884
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,824
  • Total Building Area: 980
  • Gross Building Area: 2,828
  • Building Area: 980
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 980
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000226
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732301

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 41-013-0004C
  • Parcel: WORC M:41 B:013 L:0004C
  • Block: 13
  • Lot: 4C
  • Municipality: WORCESTER
  • Latitude: 42.243
  • Longitude: -71.7465

    Address

  • Full Address: 2 Bay Edge Ln
  • Address - House Number: 2
  • Address - Street Name: Bay Edge
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Worcester
  • Carrier Code: C001
  • 4-Digit Zip Code: 1303
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $403,000

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 358,386
  • High Value: 418,239
  • Low Value: 298,534

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $281,000
  • Assessed Land Value: $103,100
  • Assessed Improvements Value: $177,900

    Sales

  • Current Sale Contract Date: Mar 18, 2019
  • Current Sale Recording Date: Mar 29, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 27763
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 Grafton Hill

Stats & Trends

Median Asking:

$449,950

Sale Price/ft²

$277

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1747 ft²

Average Home Age

69.3 years

Currently For Sale

22 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# 72454050

Frequently Asked Questions

When was property at 2 Bay Edge Lane built and last sold?
The property at 2 Bay Edge Lane was built in 1950 and last sold on Mar 18, 2019 for $175,000.
How much is this home worth?
The estimated value of the home located at 2 Bay Edge Lane is $180,467.
What are some comparable homes to 2 Bay Edge Lane?
There are currently no comparable homes to 2 Bay Edge Lane.
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