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Worcester 01606 Indian Lake East
4 Sears Island Dr
Photo of 4 Sears Island Dr
Sold on Oct 1, 2009

1

Map

$257,695
● House - Off Market

4 Sears Island Dr

Worcester, MA 01606
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,366 Ft²
$545,783
RealtyHop Estimate
110.00%
Since Nov 1, 2009
National-US
Primary Model

About This Property

WATERFRONT property! How would you like a 193 ACRE LAKE in your backyard??  Wake up to stunning panoramic views from the master bedroom or have a cookout on the wrap around deck or better yet sit out on the decks overlooking the lake. This 2 bed 2 bath home with a 1 car garage is a rare find. Still time to tie up a boat or jet ski to your own private DOCK and enjoy the summer on the water! Make every day a vacation at the beach and enjoy Island living at its best right here in Worcester!!
Unit Size
1,366 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$190
Property Type
House
Property Taxes
$247
HOA Dues
-
Year Built
1943

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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 #70945244)

Price History

Date / Event Date Event Price
Oct 1, 2009 Sold
Premium
Sold
Jul 9, 2009 Listed $259,900
Listed
Jun 23, 2000 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1943
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,937
  • Total Building Area: 1,567
  • Gross Building Area: 2,357
  • Building Area: 1,567
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,567
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHS INC HOLDEN
  • Land Acres: 0000000067
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 730500

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 13-034-002+3
  • Parcel: WORC M:13 B:034 L:002+3
  • Block: 34
  • Lot: 2+3
  • Municipality: WORCESTER
  • Latitude: 42.2942
  • Longitude: -71.8118

    Address

  • Full Address: 4 Sears Island Dr
  • Address - House Number: 4
  • Address - Street Name: Sears Island
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Worcester
  • Carrier Code: C012
  • 4-Digit Zip Code: 3523
  • Zip Code: 01606

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $452,800

    Appraisal Valuation

  • Standard Deviation: 0.1742
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 439,646
  • High Value: 516,264
  • Low Value: 363,028

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $315,771
  • Assessed Land Value: $131,871
  • Assessed Improvements Value: $183,900

    Sales

  • Current Sale Recording Date: Oct 01, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00116413
  • Previous Sale Recording Date: Jun 23, 2000
  • Previous Sale Amount: $218,000
  • 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 Indian Lake East

Stats & Trends

Median Asking:

$479,900

Sale Price/ft²

$280

Below Asking

0.01%

Average Days on Market

66

Average Home Size

1121 ft²

Average Home Age

65.7 years

Currently For Sale

6 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

Unit for rent at 27 Mount Vernon St, MA, 01605

$1,882 /mo

  • 1 Bed
  • 1 Bath
27 Mount Vernon St, MA, 01605 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70945244

Frequently Asked Questions

When was property at 4 Sears Island Drive built and last sold?
The property at 4 Sears Island Drive was built in 1943 and last sold on Jan 1, 1970 for $257,695.
How much is this home worth?
The estimated value of the home located at 4 Sears Island Drive is $270,174.
What are some comparable homes to 4 Sears Island Drive?
There are currently no comparable homes to 4 Sears Island Drive.
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