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Worcester 01462
39 Island Rd
$460,000
● House - Off Market

39 Island Rd

Lunenburg, MA 01462
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,960 Ft²
$517,958
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Here is the perfect opportunity to live on Hickory Hills Lake. This 3 bedroom two bath home will give you access to the lake life of your dreams.  You will enjoy the relaxing scenic views of the lake from your living room and 3 season sun room.  Two bedrooms, one office, a full bath with two separate sinks, and a washer and dryer complete the 1st floor.  Follow the chairlift down to the finished basement with one bedroom, one full bath, and a tons of storage. One of two exits is a slider in the family room that leads to your cove.  The lights will never go out with a propane generator. Covered walkways will keep you dry as you leave the huge 24X24 two car garage. Don't mis this lake front property.
Unit Size
2,960 Ft²
Days on Market
-
Land Size
-
Price per sqft
$167
Property Type
House
Property Taxes
$607
HOA Dues
$40
Year Built
1964

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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 months ago (MLSPIN #72993414)

Price History

Date / Event Date Event Price
Oct 7, 2022 Sold
Premium
Sold
Jun 7, 2022 Listed by Coldwell Banker Realty - Leominster $495,000
Listed by Coldwell Banker Realty - Leominster
Dec 30, 1996 Sold
Premium
Sold
Jun 8, 1994 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 14
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,740
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,519
  • Total Building Area: 1,740
  • Gross Building Area: 3,722
  • Building Area: 1,740
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,740
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000494
  • 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: 1620240000700000
  • Parcel: LUNE M:024.0 B:0007 L:0000.0
  • Block: 7
  • Municipality: LUNENBURG
  • Latitude: 42.618
  • Longitude: -71.7046

    Address

  • Full Address: 39 Island Rd
  • Address - House Number: 39
  • Address - Street Name: Island
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lunenburg
  • Carrier Code: R001
  • 4-Digit Zip Code: 1169
  • Zip Code: 01462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,091,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1747
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 698,675
  • High Value: 820,757
  • Low Value: 576,593

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $746,500
  • Assessed Land Value: $531,200
  • Assessed Improvements Value: $215,300

    Sales

  • Current Sale Contract Date: Oct 07, 2022
  • Current Sale Recording Date: Oct 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18368
  • Previous Sale Recording Date: Dec 30, 1996
  • Previous Sale Amount: $89,000
  • 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

58

Average Home Size

2386 ft²

Average Home Age

63.5 years

Currently For Sale

2100 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 months ago
Data Source: MLS PIN, MLS# 72993414

Frequently Asked Questions

When was property at 39 Island Road built and last sold?
The property at 39 Island Road was built in 1964 and last sold on Oct 7, 2022 for $460,000.
How much is this home worth?
The estimated value of the home located at 39 Island Road is $515,128.
What are some comparable homes to 39 Island Road?
There are currently no comparable homes to 39 Island Road.
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