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Worcester
20-22 Lake Drive
$160,000
● Land - Off Market

20-22 Lake Drive

Leicester, MA 01524
bedrooms
Studio
bathrooms
0 Bath
$204,758
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

WATERFRONT double lot on Burncoat Pond. Full recreation. Lot has been cleared. Well has been installed. Approved septic design. Building permit in hand for a 2 story, 2 bedroom with guestroom/office, 1370 SF stunning cottage. Proposed home even has a HERS certificate.
Unit Size
-
Days on Market
-
Land Size
0.26 acres
Price per sqft
-
Property Type
Land
Property Taxes
$328
HOA Dues
-
Year Built
1948

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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: 5 months ago (MLSPIN #72824196)

Price History

Date / Event Date Event Price
Jun 30, 2021 Sold
Premium
Sold
May 1, 2021 Listed by Ruth Coleman Real Estate $175,000
Listed by Ruth Coleman Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 1
  • Bedroom Count: 1
  • Building Condition: 4
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 26
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • 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: 5,650
  • Total Building Area: 200
  • Gross Building Area: 200
  • Building Area: 200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 14
  • Heated Square Feet: 200
  • Heating Fuel Type: 5

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000130
  • Standard Land Use Code: 8001
  • County Land Use Code: 130

Neighborhood

  • School District Name: Leicester School District
  • School Tax School District: LEICESTER SD
  • Census Tract: 735100

Zoning

  • Zoning: SA

Geography

  • Parcel: LEIC M:27A B:00000E5 L:0
  • Block: E5
  • Municipality: LEICESTER
  • Latitude: 42.2355
  • Longitude: -71.9474

    Address

  • Full Address: 20 Lake Dr
  • Address - House Number: 20
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Leicester
  • Carrier Code: R002
  • 4-Digit Zip Code: 2007
  • Zip Code: 01524

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $28,700
  • Initial Tax Delinquent Year: 2023

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,300
  • Assessed Land Value: $22,300

    Sales

  • Current Sale Contract Date: Jun 25, 2021
  • Current Sale Recording Date: Jun 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 91590
  • Previous Sale Recording Date: Jul 22, 2014
  • Previous Sale Document Type: 27
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:

$499,999

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2383 ft²

Average Home Age

65 years

Currently For Sale

2087 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: 5 months ago
Data Source: MLS PIN, MLS# 72824196

Frequently Asked Questions

When was property at 20 Lake Drive built and last sold?
The property at 20 Lake Drive was built in 1948 and last sold on Jun 25, 2021 for $160,000.
How much is this home worth?
The estimated value of the home located at 20 Lake Drive is $176,750.
What are some comparable homes to 20 Lake Drive?
There are currently no comparable homes to 20 Lake Drive.
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