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Worcester 01604 Grafton Hill
320 Lake Ave
$197,800
● House - Off Market

320 Lake Ave

Worcester, MA 01604
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,188 Ft²
$324,316
RealtyHop Estimate
70.78%
Since Jun 1, 2016
National-US
Primary Model

About This Property

Back on the market...buyer had personal reasons. No home inspection. Why rent when you can have this super sweet home! Love to have shopping and Quinsigamond Park all a stone throw away? You found it! Close to UMass Memorial and the Biotech Center. Let me tell you about this 3 bedroom with nice size rooms and a great flow. Enjoy summer nights on the large deck, pull your car in the car port on those snowy days and don't worry about painting as all rooms have been recently painted. Great bonus is a play room in the lower level and a built in sound system with 4 zones. Low maintenance and easy care yard.
Unit Size
1,188 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$160
Property Type
House
Property Taxes
$268
HOA Dues
-
Year Built
1950

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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: 4 months ago (MLSPIN #71977776)

Price History

Date / Event Date Event Price
May 26, 2016 Sold
Premium
Sold
Mar 27, 2016 Listed by RE/MAX Advantage 1 $189,900
Listed by RE/MAX Advantage 1
Jun 9, 2005 Sold
Premium
Sold
Mar 2, 2005 Listed by RE/MAX Advantage 1 $259,900
Listed by RE/MAX Advantage 1

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,188
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,250
  • Total Building Area: 1,188
  • Gross Building Area: 2,792
  • Building Area: 1,188
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,188
  • 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: 41-001-00103
  • Parcel: WORC M:41 B:001 L:00103
  • Block: 1
  • Lot: 103
  • Municipality: WORCESTER
  • Latitude: 42.2542
  • Longitude: -71.7529

    Address

  • Full Address: 320 Lake Ave
  • Address - House Number: 320
  • 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: $441,100

    Appraisal Valuation

  • Standard Deviation: 0.2029
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 383,867
  • High Value: 461,755
  • Low Value: 305,979

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $307,600
  • Assessed Land Value: $87,300
  • Assessed Improvements Value: $220,300

    Sales

  • Current Sale Recording Date: May 26, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 53892
  • Previous Sale Recording Date: Jun 09, 2005
  • Previous Sale Amount: $255,000
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71977776

Frequently Asked Questions

When was property at 320 Lake Avenue built and last sold?
The property at 320 Lake Avenue was built in 1950 and last sold on Jan 1, 1970 for $197,800.
How much is this home worth?
The estimated value of the home located at 320 Lake Avenue is $204,224.
What are some comparable homes to 320 Lake Avenue?
There are currently no comparable homes to 320 Lake Avenue.
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