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Worcester 01462
32 Pine Grove Road
$350,000
● House - Off Market

32 Pine Grove Road

Lunenburg, MA 01462
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,400 Ft²
$463,924
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

LOCATION, LOCATION, LOCATION!!! NO SHOWINGS UNTIL OH, Saturday 9/19, 12-2 p.m. O.H. Sunday 9/20 12-2 p.m. MASKS REQUIRED. ENJOY ONSHORE BREEZES AT THIS DESIRABLE WATERFRONT PROPERTY ON LAKE WHALOM WHICH AWAITS YOUR CREATIVE IDEAS FOR COMPLETE RENOVATION OR REMODELING! Open Concept Ranch Style Home with Beautiful Waterview; Main Level offers Large Kitchen with Adjoining Dining Area; Living Room with Fieldstone Fireplace & Woodstove Insert; Full Bath and Master Bedroom. Finished, Walk-Out Lower Level Family Room with Woodstove and 2nd Bedroom. Lake Whalom is a Full Recreational Lake. Newer Boiler. Buyer is responsible for connecting to town sewer at street; Property is best suited for REHAB LOAN or CASH BUYER. ENJOY LAKEFRONT LIVING FOR YEARS TO COME!
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.85 acres
Price per sqft
$250
Property Type
House
Property Taxes
$567
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: 5 years ago (MLSPIN #72728822)

Price History

Date / Event Date Event Price
Nov 24, 2020 Sold
Premium
Sold
Sep 18, 2020 Listed by Keller Williams Realty Boston Northwest $350,000
Listed by Keller Williams Realty Boston Northwest

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 37,026
  • Total Building Area: 864
  • Gross Building Area: 1,728
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 864
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000850
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lunenburg School District
  • School Tax School District: LUNENBURG SD
  • Census Tract: 712101

Zoning

  • Zoning: RA

Geography

  • Account Number: 1620990000800000
  • Parcel: LUNE M:099.0 B:0008 L:0000.0
  • Block: 8
  • Municipality: LUNENBURG
  • Latitude: 42.5734
  • Longitude: -71.7359

    Address

  • Full Address: 32 Pine Grove Rd
  • Address - House Number: 32
  • Address - Street Name: Pine Grove
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lunenburg
  • Carrier Code: R003
  • 4-Digit Zip Code: 2022
  • Zip Code: 01462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,044,300

    Appraisal Valuation

  • Standard Deviation: 0.1763
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 718,547
  • High Value: 845,267
  • Low Value: 591,827

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $714,300
  • Assessed Land Value: $594,900
  • Assessed Improvements Value: $119,400

    Sales

  • Current Sale Contract Date: Nov 20, 2020
  • Current Sale Recording Date: Nov 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 21565
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

2403 ft²

Average Home Age

63.3 years

Currently For Sale

2008 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: 5 years ago
Data Source: MLS PIN, MLS# 72728822

Frequently Asked Questions

When was property at 32 Pine Grove Road built and last sold?
The property at 32 Pine Grove Road was built in 1920 and last sold on Nov 20, 2020 for $350,000.
How much is this home worth?
The estimated value of the home located at 32 Pine Grove Road is $0.
What are some comparable homes to 32 Pine Grove Road?
There are currently no comparable homes to 32 Pine Grove Road.
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