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Worcester 01462
38 Broadmeadow Drive
$290,000
● House - Off Market

38 Broadmeadow Drive

Lunenburg, MA 01462
bedrooms
3 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
1,242 Ft²
$1,914
Est. Monthly

About This Property

INVESTORS & CONTRACTORS - Buyers financing fell through, so here is YOUR chance! There's charm to be found in this one. This spacious split home with 1 full & 2 half baths is nestled in the desirable town of Lunenburg sitting on the 3rd largest lot in the neighborhood, offering plenty of room for expansion. Inground pool in backyard needs new liner. Tucked away, but still conveniently located close to all major routes, shopping, restaurants & more!  Come with your ideas and imagination to bring this home back to life! Being sold AS IS. May not qualify for all types of financing.
Unit Size
1,242 Ft²
Days on Market
-
Land Size
0.79 acres
Price per sqft
$242
Property Type
House
Property Taxes
$440
HOA Dues
-
Year Built
1955

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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 #73101838)

Price History

Date / Event Date Event Price
Mar 12, 2024 Sold
Premium
Sold
Aug 28, 2023 In contract -
In contract
Aug 17, 2023 Relisted $299,999
Relisted
May 23, 2023 In contract -
In contract
Apr 21, 2023 Listed by Lamacchia Realty, Inc. $299,999
Listed by Lamacchia Realty, Inc.
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 41
  • 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: 1,242
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,412
  • Total Building Area: 1,242
  • Gross Building Area: 3,324
  • Building Area: 1,242
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,242
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000790
  • 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: 1620570001000000
  • Parcel: LUNE M:057.0 B:0010 L:0000.0
  • Block: 10
  • Municipality: LUNENBURG
  • Latitude: 42.5957
  • Longitude: -71.7635

    Address

  • Full Address: 38 Broad Meadow Dr
  • Address - House Number: 38
  • Address - Street Name: Broad Meadow
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Lunenburg
  • Carrier Code: C001
  • 4-Digit Zip Code: 1207
  • Zip Code: 01462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $528,100
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.0856
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 93
  • Final Value: 349,148
  • High Value: 379,069
  • Low Value: 319,226

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $361,200
  • Assessed Land Value: $117,900
  • Assessed Improvements Value: $243,300

    Sales

  • Current Sale Contract Date: Mar 11, 2024
  • Current Sale Recording Date: Mar 12, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2866
  • Previous Sale Recording Date: Aug 09, 1971
  • Previous Sale Amount: $37,900
  • 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 Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2408 ft²

Average Home Age

62.6 years

Currently For Sale

1996 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73101838

Frequently Asked Questions

When was property at 38 Broadmeadow Drive built and last sold?
The property at 38 Broadmeadow Drive was built in 1955 and last sold on Mar 11, 2024 for $290,000.
How much is this home worth?
The estimated value of the home located at 38 Broadmeadow Drive is $305,612.
What are some comparable homes to 38 Broadmeadow Drive?
There are currently no comparable homes to 38 Broadmeadow Drive.
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