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Worcester 01604 Grafton Hill
318 Lake Ave
$218,000
● House - Off Market

318 Lake Ave

Worcester, MA 01604
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,132 Ft²
$347,153
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

BUYER'S FINANCING FELL THROUGH! Their loss is your gain! Updated and move-in ready Cape in sought after neighborhood! Short distance to Lake Park, Umass, Lake Quinsigamond, and just minutes from all major routes. Beautifully updated, custom cabinet packed kitchen with granite countertops, and hardwoods throughout the home. The first floor has a nice flow with a couple options for your home office or play room.  Recent tile flooring in both bathrooms with a claw foot tub/shower in the full bath. The backyard is fully fenced in and private with a nice sized deck. Other updates include 30 year architectural roof (2016), water heater (2012), fence (2013), garage door (2017). This home is waiting for it's next owner to show the same pride of ownership and love it has always been given! Open on Thursday 8/10/17 5pm-7pm
Unit Size
1,132 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$193
Property Type
House
Property Taxes
$250
HOA Dues
-
Year Built
1945

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (MLSPIN #72175537)

Price History

Date / Event Date Event Price
Sep 18, 2017 Sold
Premium
Sold
Jun 2, 2017 Listed by ERA Key Realty Services - Worcester $218,000
Listed by ERA Key Realty Services - Worcester
Aug 28, 2009 Sold
Premium
Sold
Jul 9, 2009 Listed by ERA Key Realty Services - Worcester $199,900
Listed by ERA Key Realty Services - Worcester
Aug 3, 2006 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • 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: 624
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,250
  • Total Building Area: 1,132
  • Gross Building Area: 2,256
  • Building Area: 1,132
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,132
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000121
  • 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: 41-001-00104
  • Parcel: WORC M:41 B:001 L:00104
  • Block: 1
  • Lot: 104
  • Municipality: WORCESTER
  • Latitude: 42.2544
  • Longitude: -71.753

    Address

  • Full Address: 318 Lake Ave
  • Address - House Number: 318
  • Address - Street Name: Lake
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C001
  • 4-Digit Zip Code: 1322
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $474,800

    Appraisal Valuation

  • Standard Deviation: 0.2029
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 393,318
  • High Value: 473,123
  • Low Value: 313,512

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $331,100
  • Assessed Land Value: $87,300
  • Assessed Improvements Value: $243,800

    Sales

  • Current Sale Recording Date: Sep 18, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 102491
  • Previous Sale Recording Date: Aug 28, 2009
  • Previous Sale Amount: $205,000
  • 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:

$450,000

Sale Price/ft²

$278

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1938 ft²

Average Home Age

69.3 years

Currently For Sale

26 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72175537

Frequently Asked Questions

When was property at 318 Lake Avenue built and last sold?
The property at 318 Lake Avenue was built in 1945 and last sold on Jan 1, 1970 for $218,000.
How much is this home worth?
The estimated value of the home located at 318 Lake Avenue is $228,338.
What are some comparable homes to 318 Lake Avenue?
There are currently no comparable homes to 318 Lake Avenue.
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