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Worcester 01604 Grafton Hill
307 Lake Ave
$250,000
● House - Off Market

307 Lake Ave

Worcester, MA 01604
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,274 Ft²
$367,315
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model

About This Property

Very spacious 3 bedroom single home in a desirable neighborhood close to UMass Hospital & Quinsigamond Lake. Minutes to major routes (Interstate 290, Rt 146, Rt 20 & Rt 9). Newer kitchen with beautiful cabinets, Stainless Steel Appliances, front to back living room & formal dining room with French doors to relax and enjoy or entertain guests. Keep warm with the build-in gas stove heater. Enclosed porch. Over-sized deck. Low maintenance yard. Storage shed. Hardwood & ceramic flooring. Short distance to beach area, walk to the park, great to take the kids fishing, strolling or biking, watch the ball game, a tennis match and much, much more. Book an appointment today!
Unit Size
1,274 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$204
Property Type
House
Property Taxes
$265
HOA Dues
-
Year Built
1920

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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 #72639306)

Price History

Date / Event Date Event Price
May 21, 2020 Sold
Premium
Sold
Mar 30, 2020 Listed by Realty Trust Group, Inc. $259,900
Listed by Realty Trust Group, Inc.
Aug 31, 2009 Sold
Premium
Sold
Jul 25, 2009 Listed by Realty Trust Group, Inc. $209,900
Listed by Realty Trust Group, Inc.
May 29, 1998 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • 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: 19
  • 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: 728
  • 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: 1,274
  • Gross Building Area: 2,544
  • Building Area: 1,274
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,274
  • 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: 41-015-00007
  • Parcel: WORC M:41 B:015 L:00007
  • Block: 15
  • Lot: 7
  • Municipality: WORCESTER
  • Latitude: 42.2553
  • Longitude: -71.7526

    Address

  • Full Address: 307 Lake Ave
  • Address - House Number: 307
  • 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: $388,300

    Appraisal Valuation

  • Standard Deviation: 0.2029
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 352,356
  • High Value: 423,850
  • Low Value: 280,862

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $270,800
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $200,800

    Sales

  • Current Sale Contract Date: May 08, 2020
  • Current Sale Recording Date: May 21, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 52213
  • Previous Sale Recording Date: Aug 31, 2009
  • Previous Sale Amount: $209,000
  • 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# 72639306

Frequently Asked Questions

When was property at 307 Lake Avenue built and last sold?
The property at 307 Lake Avenue was built in 1920 and last sold on May 8, 2020 for $250,000.
How much is this home worth?
The estimated value of the home located at 307 Lake Avenue is $268,703.
What are some comparable homes to 307 Lake Avenue?
There are currently no comparable homes to 307 Lake Avenue.
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