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Worcester 01604 Grafton Hill
337 Lake Ave
Photo of 337 Lake Ave
Sold on Aug 10, 2007

1

Map

$162,500
● House - Off Market

337 Lake Ave

Worcester, MA 01604
bedrooms
3 Beds
bathrooms
1 Bath
square feet
992 Ft²
$329,367
RealtyHop Estimate
73.44%
Since Sep 1, 2007
National-US
Primary Model

About This Property

This listing includes 3 lots, the corner lot with the house no.337 as listed, the lot next to the main house with an old unused cottage no.335 on it and a lot on no.3 Stoddard St used for parking. Total land of 3 lots is 7,744.5 sq ft.Franklin stove set in living room will stay.
Unit Size
992 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$191
Property Type
House
Property Taxes
$162
HOA Dues
-
Year Built
1920

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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 #70571029)

Price History

Date / Event Date Event Price
Aug 10, 2007 Sold
Premium
Sold
May 3, 2007 Listed $189,900
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • 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: 968
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,586
  • Total Building Area: 992
  • Gross Building Area: 2,048
  • Building Area: 992
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 992
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000082
  • 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: 41-002-00103
  • Parcel: WORC M:41 B:002 L:00103
  • Block: 2
  • Lot: 103
  • Municipality: WORCESTER
  • Latitude: 42.2536
  • Longitude: -71.7523

    Address

  • Full Address: 337 Lake Ave
  • Address - House Number: 337
  • Address - Street Name: Lake
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C001
  • 4-Digit Zip Code: 1321
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $354,500

    Appraisal Valuation

  • Standard Deviation: 0.2075
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 332,162
  • High Value: 401,096
  • Low Value: 263,228

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $247,200
  • Assessed Land Value: $69,800
  • Assessed Improvements Value: $177,400

    Sales

  • Current Sale Recording Date: Aug 10, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00106518
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:

$475,000

Sale Price/ft²

$270

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1859 ft²

Average Home Age

69.2 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70571029

Frequently Asked Questions

When was property at 337 Lake Avenue built and last sold?
The property at 337 Lake Avenue was built in 1920 and last sold on Jan 1, 1970 for $175,000.
How much is this home worth?
The estimated value of the home located at 337 Lake Avenue is $195,116.
What are some comparable homes to 337 Lake Avenue?
There are currently no comparable homes to 337 Lake Avenue.
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