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Worcester
31 Lovers Lane
$800,000
● House - Off Market

31 Lovers Lane

Harvard, MA 01451
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,678 Ft²
$767,314
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

How often does a town center property in a private, parklike setting come along? This contemporary home has both cozy comforts and sleek sophistication. The kitchen seamlessly extends into a family room that's anchored by a wood burning stove--that's the cozy part! Nearby you'll find the understated elegance of the sunken dining  and living rooms with cherry flooring and walls of windows featuring the flora and fauna filled back yard. With one bedroom on the main level, the layout provides flexibility in usage. Roof and skylights 2022, exterior paint 2021, carpet  upstairs is so new it smells like... fresh carpet. Generator ready electrical service. The unfinished basement has notably high ceilings and access through a double door to the back yard. Now, let's go back to that part about being in town center!
Unit Size
2,678 Ft²
Days on Market
-
Land Size
5.17 acres
Price per sqft
$280
Property Type
House
Property Taxes
$1,062
HOA Dues
-
Year Built
1987

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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 #72979787)

Price History

Date / Event Date Event Price
Jul 15, 2022 Sold
Premium
Sold
May 11, 2022 Listed by Compass $750,000
Listed by Compass
Jun 30, 1993 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • 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: 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: 225,205
  • Total Building Area: 2,661
  • Gross Building Area: 5,985
  • Building Area: 2,661
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,661
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NANCY R DONALDSON
  • Land Acres: 0000005170
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Harvard School District
  • School Tax School District: HARVARD SD
  • Census Tract: 761401

Geography

  • Account Number: 125017C004400000
  • District: 125
  • Parcel: HARV M:17-C B:44
  • Block: 44
  • Municipality: HARVARD
  • Latitude: 42.5014
  • Longitude: -71.5904

    Address

  • Full Address: 31 Lovers Ln
  • Address - House Number: 31
  • Address - Street Name: Lovers
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Harvard
  • Carrier Code: R002
  • 4-Digit Zip Code: 1342
  • Zip Code: 01451

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,301,500

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 990,084
  • High Value: 1,144,668
  • Low Value: 835,500

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $873,500
  • Assessed Land Value: $324,100
  • Assessed Improvements Value: $549,400

    Sales

  • Current Sale Contract Date: Jul 15, 2022
  • Current Sale Recording Date: Jul 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 77476
  • Previous Sale Recording Date: Jun 30, 1993
  • Previous Sale Amount: $309,000
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2429 ft²

Average Home Age

62.8 years

Currently For Sale

1936 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72979787

Frequently Asked Questions

When was property at 31 Lovers Lane built and last sold?
The property at 31 Lovers Lane was built in 1987 and last sold on Jul 15, 2022 for $800,000.
How much is this home worth?
The estimated value of the home located at 31 Lovers Lane is $763,299.
What are some comparable homes to 31 Lovers Lane?
There are currently no comparable homes to 31 Lovers Lane.
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