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Worcester 01606 Indian Lake East
35 Sears Island Dr
$210,000
● House - Off Market

35 Sears Island Dr

Worcester, MA 01606
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,200 Ft²
$326,949
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model

About This Property

OPEN HOUSE SUNDAY 11.11.18  NOON TO 2 PM          Cute 6 room, 2 bedroom,1 bath vinyl sided ranch on quaint Sears Island with a water view of Indian Lake . This home features a hardwood floor dining room, updated family room and front rooms with laminate floors, one car garage, a fenced yard, and a deck.  Roof 3 years old. On demand hot water/ heating system installed in 2014. Sears Island has two beach access areas for residents without waterfront. One beach is diagonally across the street.This home offers year round recreational opportunities. Swim in the summer, skate in the winter, fish all year. Convenient access to Interstate 290 and 190.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$179
Property Type
House
Property Taxes
$107
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: 4 months ago (MLSPIN #72328988)

Price History

Date / Event Date Event Price
Aug 11, 2021 Sold
Premium
Sold
Jun 24, 2021 Listed by Vincent K. Ritchie R. E. $299,000
Listed by Vincent K. Ritchie R. E.
Dec 6, 2018 Sold
Premium
Sold
May 17, 2018 Listed by Vincent K. Ritchie R. E. $214,900
Listed by Vincent K. Ritchie R. E.
Mar 21, 2014 Sold
Premium
Sold

Property Highlights

Garage
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: 15
  • 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: 9
  • Basement Area: 156
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,470
  • Total Building Area: 1,182
  • Gross Building Area: 2,082
  • Building Area: 1,182
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,182
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SEARS ISLAND
  • Land Acres: 0000000126
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730500

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 13-033-83+84
  • Parcel: WORC M:13 B:033 L:83+84
  • Block: 33
  • Lot: 83+84
  • Municipality: WORCESTER
  • Latitude: 42.2947
  • Longitude: -71.8129

    Address

  • Full Address: 35 Sears Island Dr
  • Address - House Number: 35
  • Address - Street Name: Sears Island
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Worcester
  • Carrier Code: C012
  • 4-Digit Zip Code: 3523
  • Zip Code: 01606

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $373,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2006
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 73
  • Final Value: 343,299
  • High Value: 412,169
  • Low Value: 274,429

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $260,700
  • Assessed Land Value: $89,200
  • Assessed Improvements Value: $171,500

    Sales

  • Current Sale Contract Date: Aug 11, 2021
  • Current Sale Recording Date: Aug 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 112671
  • Previous Sale Recording Date: Dec 06, 2018
  • Previous Sale Contract Date: Oct 09, 2018
  • Previous Sale Amount: $210,000
  • Previous Sale Document Type: O
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 Indian Lake East

Stats & Trends

Median Asking:

$479,900

Sale Price/ft²

$280

Below Asking

0.01%

Average Days on Market

66

Average Home Size

1088 ft²

Average Home Age

61.9 years

Currently For Sale

7 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

Unit for rent at 27 Mount Vernon St, MA, 01605

$1,882 /mo

  • 1 Bed
  • 1 Bath
27 Mount Vernon St, MA, 01605 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72328988

Frequently Asked Questions

When was property at 35 Sears Island Drive built and last sold?
The property at 35 Sears Island Drive was built in 1920 and last sold on Aug 11, 2021 for $270,000.
How much is this home worth?
The estimated value of the home located at 35 Sears Island Drive is $299,439.
What are some comparable homes to 35 Sears Island Drive?
There are currently no comparable homes to 35 Sears Island Drive.
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