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Worcester 01604 Grafton Hill
370 Lake Ave
$185,000
● House - Off Market

370 Lake Ave

Worcester, MA 01604
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,260 Ft²
$322,871
RealtyHop Estimate
74.05%
Since Apr 1, 2016
National-US
Primary Model

About This Property

Open house Sunday 1:00-2:30 ~~~Great Condo Alternative located in A Beautiful Location... Umass hospital area ~~~~ Worcester/ Shrewsbury line, Quinsigamond Lake/ Park and Skate Rink~~~~ A newly remodel cape: 3 bedrooms, new kitchen cabinet with central island, floor, granite counter top and new appliances. New bath with tile tub, vanity and new refinished hardwood floor. New boiler, new driveway and updated electrical.....new light fixtures, freshly painted, and many more....A move-in. ready...
Unit Size
1,260 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$147
Property Type
House
Property Taxes
$219
HOA Dues
-
Year Built
1925

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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 #71948615)

Price History

Date / Event Date Event Price
Apr 13, 2021 Sold
Premium
Sold
Feb 24, 2021 Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave. $285,000
Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave.
Mar 24, 2016 Sold
Premium
Sold
Jan 14, 2016 Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave. $185,500
Listed by Coldwell Banker Residential Brokerage - Worcester - Park Ave.

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • 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: 15
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 840
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,578
  • Total Building Area: 840
  • Gross Building Area: 2,948
  • Building Area: 840
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 840
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000404
  • 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: 41-002-00208
  • Parcel: WORC M:41 B:002 L:00208
  • Block: 2
  • Lot: 208
  • Municipality: WORCESTER
  • Latitude: 42.2521
  • Longitude: -71.7519

    Address

  • Full Address: 370 Lake Ave
  • Address - House Number: 370
  • Address - Street Name: Lake
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C001
  • 4-Digit Zip Code: 1359
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $431,500

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 375,313
  • High Value: 445,679
  • Low Value: 304,947

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $300,900
  • Assessed Land Value: $103,700
  • Assessed Improvements Value: $197,200

    Sales

  • Current Sale Contract Date: Apr 13, 2021
  • Current Sale Recording Date: Apr 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 50935
  • Previous Sale Recording Date: Mar 24, 2016
  • Previous Sale Amount: $185,000
  • 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 Grafton Hill

Stats & Trends

Median Asking:

$449,950

Sale Price/ft²

$277

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1833 ft²

Average Home Age

65.1 years

Currently For Sale

24 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# 71948615

Frequently Asked Questions

When was property at 370 Lake Avenue built and last sold?
The property at 370 Lake Avenue was built in 1925 and last sold on Apr 13, 2021 for $336,000.
How much is this home worth?
The estimated value of the home located at 370 Lake Avenue is $298,937.
What are some comparable homes to 370 Lake Avenue?
There are currently no comparable homes to 370 Lake Avenue.
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