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Worcester 01604 Grafton Hill
305 Lake Avenue
$295,000
● House - Off Market

305 Lake Avenue

Worcester, MA 01604
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,225 Ft²
$286,362
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Estimated Payment $1,572 Per Month. * 0% Down 30-Year fixed mortgage rate of 5.4% with an APR of 5.44% to those who qualify. * Taxes insurance not included. * Rates As of 05/26/22. * Optional 13-month limited home warranty included from HWA Home Warranty limited to components/structure. ***Charming bungalow in awesome location in Worcester. Walk to Lake Park for swimming, boating, and summer fun!  3 bed 1 bath home with front to back living room with original built-in cabinetry.  Beautiful hardwood floors throughout the home. Walk-in closets in all 3 beds.
Unit Size
1,225 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$228
Property Type
House
Property Taxes
$276
HOA Dues
-
Year Built
1925

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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 #72987780)

Price History

Date / Event Date Event Price
Jul 21, 2022 Sold
Premium
Sold
May 26, 2022 Listed by Your Home Sold Guaranteed Realty, The Nathan Clark Team $279,900
Listed by Your Home Sold Guaranteed Realty, The Nathan Clark Team
Aug 14, 2009 Sold
Premium
Sold
Jan 11, 2009 Listed by Your Home Sold Guaranteed Realty, The Nathan Clark Team $169,900
Listed by Your Home Sold Guaranteed Realty, The Nathan Clark Team
May 29, 1998 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 3
  • 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: 2
  • Basement Area: 700
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,600
  • Total Building Area: 1,225
  • Gross Building Area: 2,458
  • Building Area: 1,225
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,225
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000083
  • 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: 41-015-00008
  • Parcel: WORC M:41 B:015 L:00008
  • Block: 15
  • Lot: 8
  • Municipality: WORCESTER
  • Latitude: 42.2554
  • Longitude: -71.7526

    Address

  • Full Address: 305 Lake Ave
  • Address - House Number: 305
  • Address - Street Name: Lake
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C001
  • 4-Digit Zip Code: 1317
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $361,500

    Appraisal Valuation

  • Standard Deviation: 0.1974
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 332,861
  • High Value: 398,599
  • Low Value: 267,123

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $252,100
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $182,100

    Sales

  • Current Sale Contract Date: Jul 20, 2022
  • Current Sale Recording Date: Jul 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 79818
  • Previous Sale Recording Date: Aug 14, 2009
  • Previous Sale Amount: $165,900
  • Previous Sale Document Type: 27
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

1747 ft²

Average Home Age

69.3 years

Currently For Sale

22 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# 72987780

Frequently Asked Questions

When was property at 305 Lake Avenue built and last sold?
The property at 305 Lake Avenue was built in 1925 and last sold on Jul 20, 2022 for $295,000.
How much is this home worth?
The estimated value of the home located at 305 Lake Avenue is $281,028.
What are some comparable homes to 305 Lake Avenue?
There are currently no comparable homes to 305 Lake Avenue.
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