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Worcester 01604 Grafton Hill
304 Lake Ave
$146,000
● House - Off Market

304 Lake Ave

Worcester, MA 01604
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,087 Ft²
$281,090
RealtyHop Estimate
88.65%
Since May 1, 2014
National-US
Primary Model

About This Property

Diamond in the rough!  So much potential! Sunny and bright 3 bedroom 1 bath, open concept dining to living room, hardwoods throughout much of this charming bungalow.  Oversize deck off the dining room, with nice flat fenced in yard.  Full basement, newer furnace, newer hot water tank. Not much work and it's a beautiful home.  Full basement, washer dryer hookups. Off street parking for 6 cars.  Perfect location for commuting, Rt. 9 and University of Massachusetts. Highway access in literally minutes minutes away.  Across the street from beautiful Lake Quinsigamond,     Accessory apartment/building on the grounds - no showing on first appointment.  Show and go, lock box access.  Cash or 203k financing will make this house yours!
Unit Size
1,087 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$137
Property Type
House
Property Taxes
$240
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: 4 months ago (MLSPIN #71634775)

Price History

Date / Event Date Event Price
Apr 8, 2014 Sold
Premium
Sold
Feb 19, 2014 Listed by ERA Key Realty Services - Worcester $149,000
Listed by ERA Key Realty Services - Worcester
Aug 29, 2003 Sold
Premium
Sold
Jun 30, 2003 Listed by Maria Smith Real Estate $264,400
Listed by Maria Smith Real Estate
CHARM & CHARACTER ARE OBVIOUS IN THIS COTTAGE SUNDRENCHED ENCL PORCH, NEW OVERSIZED DECK, HW'S, UPDATED EAT IN KITCHEN + FORMAL DINING OPEN FLOOR PLAN, LOVELY LEVEL LOT WITH BONUS 2 RM COTTAGE(37X15) EXCELLENT MTG HELPER! SEPARATE FRM HOUSE
Jan 26, 2001 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 10,300
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000236
  • Standard Land Use Code: 1100
  • County Land Use Code: 109

Neighborhood

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

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 41-014-00034
  • Parcel: WORC M:41 B:014 L:00034
  • Block: 14
  • Lot: 34
  • Municipality: WORCESTER
  • Latitude: 42.2556
  • Longitude: -71.7532

    Address

  • Full Address: 304 Lake Ave
  • Address - House Number: 304
  • Address - Street Name: Lake
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C001
  • 4-Digit Zip Code: 1320
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $419,300

    Appraisal Valuation

  • Standard Deviation: 0.1742
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 361,549
  • High Value: 424,563
  • Low Value: 298,534

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $292,400
  • Assessed Land Value: $103,200
  • Assessed Improvements Value: $189,200

    Sales

  • Current Sale Recording Date: Dec 01, 2014
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 113162
  • Previous Sale Recording Date: Apr 08, 2014
  • Previous Sale Amount: $146,000
  • 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 Grafton Hill

Stats & Trends

Median Asking:

$449,950

Sale Price/ft²

$277

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1833 ft²

Average Home Age

65.1 years

Currently For Sale

24 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: 4 months ago
Data Source: MLS PIN, MLS# 71634775

Frequently Asked Questions

When was property at 304 Lake Avenue built and last sold?
The property at 304 Lake Avenue was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 304 Lake Avenue is $158,819.
What are some comparable homes to 304 Lake Avenue?
There are currently no comparable homes to 304 Lake Avenue.
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