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Worcester 01606 Indian Lake East
20 Sears Island Dr.
$310,000
● House - Off Market

20 Sears Island Dr.

Worcester, MA 01606
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,720 Ft²
$603,617
RealtyHop Estimate
77.59%
Since Aug 1, 2015
National-US
Primary Model

About This Property

WATER FRONT -  Deep Water Dock and Sandy Beach !  RARE FIND.   Meticulously kept 3-4 bedroom home on Sears Island /Indian Lake.    Beautifully updated home with customized 2nd floor Master bedroom suite w/ vaulted ceilings makes this a wonderful retreat.   Direct access to Large exterior deck which runs the length of the house overlooking spectacular back yard water views.   Dock and Sandy beach with breath taking views feels like you're on vacation all year long !   Large oversized deck perfect for entertaining and a hot tub to relax and enjoy.   This home has been recently updated through out.   Too many updates to mention.  A must see. Gleaming Hard Wood Floors,   A/C,  Gas heat,  Shed.   Don't miss out on this rare opportunity to own this gorgeous water front property !!   Move right in and enjoy this summer !!
Unit Size
1,720 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$198
Property Type
House
Property Taxes
$370
HOA Dues
-
Year Built
1926

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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 #71837666)

Price History

Date / Event Date Event Price
Sep 27, 2019 Sold
Premium
Sold
Aug 11, 2015 Sold
Premium
Sold
Jul 11, 2015 Sold
Premium
Sold
May 15, 2015 Listed by LAER Realty Partners $339,900
Listed by LAER Realty Partners
Oct 28, 2005 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,360
  • Total Building Area: 1,720
  • Gross Building Area: 2,606
  • Building Area: 1,720
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,720
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000100
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730500

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 13-034-00009
  • Parcel: WORC M:13 B:034 L:00009
  • Block: 34
  • Lot: 9
  • Municipality: WORCESTER
  • Latitude: 42.2945
  • Longitude: -71.8125

    Address

  • Full Address: 20 Sears Island Dr
  • Address - House Number: 20
  • Address - Street Name: Sears Island
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Worcester
  • Carrier Code: C012
  • 4-Digit Zip Code: 3523
  • Zip Code: 01606

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $611,700

    Appraisal Valuation

  • Standard Deviation: 0.1855
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 500,941
  • High Value: 593,879
  • Low Value: 408,002

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $426,553
  • Assessed Land Value: $169,953
  • Assessed Improvements Value: $256,600

    Sales

  • Current Sale Contract Date: Sep 24, 2019
  • Current Sale Recording Date: Sep 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 100913
  • Previous Sale Recording Date: Aug 11, 2015
  • Previous Sale Amount: $310,000
  • 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 Indian Lake East

Stats & Trends

Median Asking:

$479,900

Sale Price/ft²

$281

Below Asking

0.01%

Average Days on Market

68

Average Home Size

943 ft²

Average Home Age

51.2 years

Currently For Sale

6 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# 71837666

Frequently Asked Questions

When was property at 20 Sears Island Drive built and last sold?
The property at 20 Sears Island Drive was built in 1926 and last sold on Sep 24, 2019 for $319,500.
How much is this home worth?
The estimated value of the home located at 20 Sears Island Drive is $350,459.
What are some comparable homes to 20 Sears Island Drive?
There are currently no comparable homes to 20 Sears Island Drive.
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