42
Map
$650,000
↓ $30K (4.4%)
●
House -
For Sale
411B Lake Avenue
Worcester, MA 01604
2 Beds
2 Baths
1,483 Ft²
$3,777
Est. Monthly
About This Property
$30,000 PRICE REDUCTION ON THIS LAKEFRONT HOME on Lake
Quinsigamond, this updated waterfront home has been completely
renovated in recent years, the newest being a brand-new dock. Two
decks overlooking the lake, 2 full baths and a second kitchen/wet
bar, the home is currently set up as a two bedroom with Livingroom
on one floor and family room on the other which could be used the
main bedroom with a full updated bathroom and access to decks and
all that lake life has to offer. Gas stoves on both levels for
those cool winter evenings. Plenty of off-street parking for
multiple cars and even your boat! 2 sheds for all your lake life
accessories. Enjoy living on desirable Lake Quinsigamond, an
approximately 772-acre lake with depts from 50-85 feet, a fully
recreational lake, yet close to all that the city has to offer,
minutes from Lake Park, also nearby is popular Shrewsbury Street,
as well as minutes to UMass campus and hospital. Great rental
potential or ADU possibility. Quick close possible
Unit Size
1,483 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$438
Property Type
House
Property Taxes
$585
HOA Dues
-
Year Built
1920
Listed By
Judy Patterson
Lamacchia Realty, Inc.
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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: 21 days ago (MLSPIN #73509713)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 1, 2026 | Price Decreased |
$650,000
↓ $30K
(4.4%) | |
| Price Decreased | |||
| Jul 22, 2026 | Price Decreased |
$679,999
↓ $19K
(2.7%) | |
| Price Decreased | |||
| Jun 8, 2026 | Price Decreased |
$699,000
↓ $21K
(2.9%) | |
| Price Decreased | |||
| Apr 29, 2026 | Listed by Lamacchia Realty, Inc. | $720,000 | |
| Listed by Lamacchia Realty, Inc. | |||
| Aug 8, 2007 | Sold | ||
| Sold | |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Paved, Off Street, Paved
Open Parking Spaces: 6
Interior Details
Full Bathrooms: 2
Interior Features: Wet Bar, Countertops - Stone/Granite/Solid, Cabinets - Upgraded
Appliances: Gas Water Heater, Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Wood, Tile, Laminate, Laminate
Laundry Features: Gas Dryer Hookup, Washer Hookup, Countertops - Stone/Granite/Solid, Second Floor
Rooms: 6
Exterior Details
Square Footage: 1483
Year Built Source: Public Records
Year Built: 1920
Waterfront Features: Waterfront, Lake Front, Direct Access, Lake/Pond, Frontage, 3/10 to 1/2 Mile To Beach
Building Area Total: 1483
Levels: Multi/Split
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck
Lot Size Area: 0.08
Lot Size Units: Acres
Lot Size Acres: 0.08
Lot Size Square Feet: 3287
Water Source: Public
Financial Details
Tax Assessed Value: $528,666
Tax Annual Amount: $7,021
Utilities Details
Cooling Type: Ductless
Heating Type: Natural Gas, Ductless
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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