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Worcester 01562
23 Lake View Drive
$262,500
● House - Off Market

23 Lake View Drive

Spencer, MA 01562
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,064 Ft²
$521,325
RealtyHop Estimate
98.60%
Since Jun 1, 2013
National-US
Primary Model

About This Property

New furnace*Impressive Price for this 50 feet of frontage on beautiful Sugden Reservoir, a full recreational lake.  Fireplaced living/dining area with new hardwoods, sliders to deck overlooking the lake.  Kitchen gutted four years ago offers tile flooring, recessed lighting, skylights and breakfast bar.  Updated bath with jet tub. French doors open to new addition - flexible space.  Three bedrooms in lower level with sliders to patio and fenced yard. Sellers have found their next home.
Unit Size
2,064 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$127
Property Type
House
Property Taxes
$272
HOA Dues
$50
Year Built
1983

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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 #71487814)

Price History

Date / Event Date Event Price
May 24, 2013 Sold
Premium
Sold
Mar 1, 2013 Listed by RE/MAX Vision $262,500
Listed by RE/MAX Vision
May 19, 2000 Sold
Premium
Sold
Dec 16, 1999 Listed by RE/MAX Vision $151,000
Listed by RE/MAX Vision

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,400
  • Total Building Area: 2,328
  • Gross Building Area: 3,138
  • Building Area: 2,328
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,328
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JORDAN PARK SHREWSBURY PLAN IF
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Spencer-East Brookfield School District
  • School Tax School District: SPENCR-E BRKFLD
  • Census Tract: 726100

Geography

  • Parcel: SPEN M:00U32 B:00005 L:00000
  • Block: 5
  • Municipality: SPENCER
  • Latitude: 42.2712
  • Longitude: -71.9726

    Address

  • Full Address: 23 Lake View Dr
  • Address - House Number: 23
  • Address - Street Name: Lake View
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Spencer
  • Carrier Code: R001
  • 4-Digit Zip Code: 1442
  • Zip Code: 01562

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $536,100

    Appraisal Valuation

  • Standard Deviation: 0.1617
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 541,915
  • High Value: 629,595
  • Low Value: 454,236

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $468,600
  • Assessed Land Value: $122,100
  • Assessed Improvements Value: $346,500

    Sales

  • Current Sale Recording Date: May 24, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000006
  • Previous Sale Recording Date: May 19, 2000
  • Previous Sale Amount: $151,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

2408 ft²

Average Home Age

62.6 years

Currently For Sale

1996 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# 71487814

Frequently Asked Questions

When was property at 23 Lake View Drive built and last sold?
The property at 23 Lake View Drive was built in 1983 and last sold on Jan 1, 1970 for $262,500.
How much is this home worth?
The estimated value of the home located at 23 Lake View Drive is $278,536.
What are some comparable homes to 23 Lake View Drive?
There are currently no comparable homes to 23 Lake View Drive.
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