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Marlborough 01752
231 Lakeside Ave
$400,000
● House - Off Market

231 Lakeside Ave

Marlborough, MA 01752
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,898 Ft²
$2,592
Est. Monthly

About This Property

Business Zoned Home. Bring your imagination whether it be a Coffee shop, Wine shop or landscaping business, Great business potential although not commercially zoned. With some upgrades it could be a nice home home with 3 large Bedroom. Excellent view of Lake Williams and "Gladys Walk" on Lake Williams. Excellent commuter location with 7 second commute to 495. It does have some historical information although not on the Historical Registry.
Unit Size
1,898 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$237
Property Type
House
Property Taxes
$387
HOA Dues
-
Year Built
-

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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: 6 months ago (MLSPIN #73280252)

Price History

Date / Event Date Event Price
Nov 13, 2024 Sold
Premium
Sold
Oct 1, 2024 In contract -
In contract
Aug 21, 2024 Listed by Tunnera Real Estate $449,000
Listed by Tunnera Real Estate
Jun 24, 2011 Sold
Premium
Sold
May 9, 2011 Listed by Tunnera Real Estate $224,900
Listed by Tunnera Real Estate

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 9
  • Basement Area: 861
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,166
  • Total Building Area: 1,898
  • Gross Building Area: 3,011
  • Building Area: 1,898
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,898
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000555
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Marlborough School District
  • School Tax School District: MARLBOROUGH SD
  • Census Tract: 321500

Geography

  • Account Number: 605425
  • Parcel: MARL M:080 B:002 L:000
  • Block: 2
  • Municipality: MARLBOROUGH
  • Latitude: 42.3415
  • Longitude: -71.5706

    Address

  • Full Address: 231 Lakeside Ave
  • Address - House Number: 231
  • Address - Street Name: Lakeside
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Marlborough
  • Carrier Code: C005
  • 4-Digit Zip Code: 4503
  • Zip Code: 01752

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $464,100

    Appraisal Valuation

  • Standard Deviation: 0.0774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 657,893
  • High Value: 708,870
  • Low Value: 606,916

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $453,200
  • Assessed Land Value: $198,100
  • Assessed Improvements Value: $255,100

    Sales

  • Current Sale Recording Date: Jun 24, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000010

    Financing

  • First Mortgage Financing Type: UNK
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 Marlborough

Stats & Trends

Median Asking:

$575,000

Sale Price/ft²

$315

Below Asking

0.01%

Average Days on Market

54

Average Home Size

1938 ft²

Average Home Age

59.6 years

Currently For Sale

62 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73280252

Frequently Asked Questions

When was property at 231 Lakeside Avenue built and last sold?
The property at 231 Lakeside Avenue was built in and last sold on Jan 1, 1970 for $202,000.
How much is this home worth?
The estimated value of the home located at 231 Lakeside Avenue is $447,691.
What are some comparable homes to 231 Lakeside Avenue?
There are currently no comparable homes to 231 Lakeside Avenue.
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