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Worcester 01604 Broadmeadow Brook
23 Lamar Ave
$300,000
● House - Off Market

23 Lamar Ave

Worcester, MA 01604
bedrooms
1 Bed
bathrooms
1 Bath
square feet
768 Ft²
$1,670
Est. Monthly

About This Property

Renovated one bedroom home on a corner lot with a great fenced in yard! Perfect for a first-time homebuyer or someone downsizing. Many updates have been done...  roof (2024), windows (front windows 2022, all others 2024), flooring (2024), kitchen renovation (2024), the list goes on!  Full basement with plenty of storage space and bulkhead. Basement has been framed into separate rooms with some drywall as well. The front of the house is on Lamar Ave, but the driveway is off Massasoit. Great location with easy highway access, schools, restaurants, and so much more that Worcester has to offer!
Unit Size
768 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$389
Property Type
House
Property Taxes
$202
HOA Dues
-
Year Built
1955

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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 #73276686)

Price History

Date / Event Date Event Price
Oct 18, 2024 Sold
Premium
Sold
Sep 19, 2024 In contract -
In contract
Sep 14, 2024 Relisted $299,000
Relisted
Sep 10, 2024 In contract -
In contract
Aug 12, 2024 Listed by Coldwell Banker Realty - Worcester $299,000
Listed by Coldwell Banker Realty - Worcester
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • 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: 768
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,300
  • Total Building Area: 768
  • Gross Building Area: 1,536
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 768
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000122
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 34-005-00015
  • Parcel: WORC M:34 B:005 L:00015
  • Block: 5
  • Lot: 15
  • Municipality: WORCESTER
  • Latitude: 42.2481
  • Longitude: -71.7749

    Address

  • Full Address: 23 Lamar Ave
  • Address - House Number: 23
  • Address - Street Name: Lamar
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C018
  • 4-Digit Zip Code: 3263
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $228,900
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2029
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 229,613
  • High Value: 276,203
  • Low Value: 183,024

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $159,600
  • Assessed Land Value: $87,700
  • Assessed Improvements Value: $71,900

    Sales

  • Current Sale Contract Date: Oct 12, 2021
  • Current Sale Recording Date: Oct 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 144000
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 Broadmeadow Brook

Stats & Trends

Median Asking:

$445,800

Sale Price/ft²

$270

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1483 ft²

Average Home Age

50.4 years

Currently For Sale

18 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 42 Vernon Street, MA, 01610

$958 /mo

  • 1 Bed
  • 1 Bath
42 Vernon Street, MA, 01610 Listing by Rick Rivera
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# 73276686

Frequently Asked Questions

When was property at 23 Lamar Avenue built and last sold?
The property at 23 Lamar Avenue was built in 1955 and last sold on Oct 12, 2021 for $136,843.
How much is this home worth?
The estimated value of the home located at 23 Lamar Avenue is $301,990.
What are some comparable homes to 23 Lamar Avenue?
There are currently no comparable homes to 23 Lamar Avenue.
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