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Worcester 01604 Grafton Hill
396A Lake Ave
$434,000
● House - Off Market

396A Lake Ave

Worcester, MA 01604
bedrooms
3 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
2,500 Ft²
$581,893
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

Location! Location! Must see new construction attached Single House- Half Duplex- Contemporary style close to Umass Memorial Medical Center on Lake Ave. Large house with 2500sf for 3 bedrooms, 2 full baths and 2 half baths. Bright and spacious open floor plan with high ceilings and recessed lighting. Luxury custom built in kitchen cabinets and granite counter top with stainless steel appliances. Master bedroom with walk in closet and master bath with double sinks, tub and shower stand with glass door luxury. All DXV high-end faucets, tubs, toilets, and sinks. One car garage, one Car port, and 2 more cars off street parking. Close to many amenities. Water view look over Quinsigamond Lake. Easy to show.
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$176
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020

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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 #72714293)

Price History

Date / Event Date Event Price
Dec 15, 2020 Sold
Premium
Sold
Aug 23, 2020 Listed by Keller Williams Realty Greater Worcester $439,000
Listed by Keller Williams Realty Greater Worcester
May 20, 2020 Listed by Keller Williams Realty Greater Worcester $439,000
Listed by Keller Williams Realty Greater Worcester

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,000
  • Total Building Area: 1,888
  • Gross Building Area: 3,118
  • Building Area: 1,888
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,888
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000920
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 732301

Geography

  • Account Number: 41-003-101-2
  • Parcel: WORC M:41 B:003 L:101-2
  • Block: 3
  • Lot: 101-2
  • Municipality: WORCESTER
  • Latitude: 42.2502
  • Longitude: -71.7508

    Address

  • Full Address: 396b Lake Ave
  • Address - House Number: 396b
  • 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: $620,600

    Appraisal Valuation

  • Standard Deviation: 0.1719
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 527,205
  • High Value: 617,879
  • Low Value: 436,530

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $432,800
  • Assessed Land Value: $32,800
  • Assessed Improvements Value: $400,000

    Sales

  • Current Sale Contract Date: Dec 14, 2020
  • Current Sale Recording Date: Dec 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 155973
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:

$459,500

Sale Price/ft²

$280

Below Asking

0.01%

Average Days on Market

52

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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72714293

Frequently Asked Questions

When was property at 396 Lake Avenue built and last sold?
The property at 396 Lake Avenue was built in 2020 and last sold on Dec 14, 2020 for $434,000.
How much is this home worth?
The estimated value of the home located at 396 Lake Avenue is $0.
What are some comparable homes to 396 Lake Avenue?
There are currently no comparable homes to 396 Lake Avenue.
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