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Worcester 01430
38 Lower Lake Road
$242,500
● House - Off Market

38 Lower Lake Road

Ashburnham, MA 01430
bedrooms
2 Beds
bathrooms
1 Bath
square feet
840 Ft²
$188,718
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Great cottage on Lower Naukeag Lake at end of private road. This seasonal retreat cottage has town water and is ready for your updates.This cottage has a partial basement for storing your waterfront equipment, 75 ft of scenic lake frontage with a dock and an actual septic system. There are 4 rooms, 2 bedrooms, an eat in kitchen with penninsula island, and a living room over looking the water...this slice of paradise won't last, call today for your private viewing! Any & All offers by Sunday 8/8/2021 @ 4:00 PM
Unit Size
840 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$196
Property Type
House
Property Taxes
$304
HOA Dues
-
Year Built
2022

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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: 5 years ago (MLSPIN #72876566)

Price History

Date / Event Date Event Price
Aug 31, 2021 Sold
Premium
Sold
Aug 4, 2021 Listed by Lakefront Living Realty, LLC $164,900
Listed by Lakefront Living Realty, LLC

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,000
  • Total Building Area: 1,673
  • Gross Building Area: 3,011
  • Building Area: 1,673
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,673
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000207
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ashburnham-Westminster School District
  • School Tax School District: ASHBHNM-WMNSTR
  • Census Tract: 700100

Geography

  • District: 11
  • Parcel: ASHB M:0050 B:000010
  • Block: 10
  • Municipality: ASHBURNHAM
  • Latitude: 42.6674
  • Longitude: -71.9637

    Address

  • Full Address: 38 Lower Lake Rd
  • Address - House Number: 38
  • Address - Street Name: Lower Lake
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ashburnham
  • Carrier Code: R003
  • 4-Digit Zip Code: 2573
  • Zip Code: 01430

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $748,400

    Appraisal Valuation

  • Standard Deviation: 0.1372
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 84
  • Final Value: 312,660
  • High Value: 355,574
  • Low Value: 269,745

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $475,200
  • Assessed Land Value: $128,200
  • Assessed Improvements Value: $347,000

    Sales

  • Current Sale Contract Date: Aug 26, 2021
  • Current Sale Recording Date: Aug 31, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 19219
  • Previous Sale Recording Date: Jun 29, 2009
  • 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

2423 ft²

Average Home Age

63.4 years

Currently For Sale

1927 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: 5 years ago
Data Source: MLS PIN, MLS# 72876566

Frequently Asked Questions

When was property at 38 Lower Lake Road built and last sold?
The property at 38 Lower Lake Road was built in 2022 and last sold on Aug 26, 2021 for $242,500.
How much is this home worth?
The estimated value of the home located at 38 Lower Lake Road is $0.
What are some comparable homes to 38 Lower Lake Road?
There are currently no comparable homes to 38 Lower Lake Road.
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