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Worcester 01604 Grafton Hill
413 Lake Ave
$349,900
● House - Off Market

413 Lake Ave

Worcester, MA 01604
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,306 Ft²
$652,247
RealtyHop Estimate
86.41%
Since Nov 1, 2014
National-US
Primary Model

About This Property

Water front, move in ready home on Lake Quinsigamond! Stunning views of the lake and the islands! Bring your boat and a bathing suit, everything else is already here! Sunny and bright 3 bedroom 2 bath, open concept dining to living room with views of water from every room~Rebuilt in 1999 from foundation up~ Boat dock and boat lift w/3,000 lb capacity~Over sized multiple decks~Retractable awnings~Full basement~ Triple paned sliders and windows in the heated sunrooms~Full basement~Washer,dryer~Vaulted ceilings~Recessed Lights~ Covered parking for 3 cars~Tons of storage~Will also please the garden lovers~Perfect location for commuting, Rt. 9 and UMASS~Highway access literally minutes away~Excellent location~NO FLOOD HAZARD INSURANCE REQUIRED!Best living is right here! Not a driveby...MUST COME IN to be wowed!
Unit Size
2,306 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$152
Property Type
House
Property Taxes
$499
HOA Dues
-
Year Built
1910

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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 #71729897)

Price History

Date / Event Date Event Price
Oct 17, 2014 Sold
Premium
Sold
Aug 15, 2014 Listed by Keller Williams Realty Westborough $349,900
Listed by Keller Williams Realty Westborough
Feb 28, 2000 Sold
Premium
Sold
Jan 7, 2000 Listed by Keller Williams Realty Westborough $179,900
Listed by Keller Williams Realty Westborough
Apr 23, 1999 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 15
  • 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: 5
  • Basement Area: 934
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 2,306
  • Gross Building Area: 3,368
  • Building Area: 2,306
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,306
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: RL-7

Geography

  • Account Number: 41-004-00027
  • Parcel: WORC M:41 B:004 L:00027
  • Block: 4
  • Lot: 27
  • Municipality: WORCESTER
  • Latitude: 42.2496
  • Longitude: -71.7495

    Address

  • Full Address: 413 Lake Ave
  • Address - House Number: 413
  • Address - Street Name: Lake
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Worcester
  • Carrier Code: C001
  • 4-Digit Zip Code: 1358
  • Zip Code: 01604

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $822,500

    Appraisal Valuation

  • Standard Deviation: 0.1759
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 635,593
  • High Value: 747,457
  • Low Value: 523,730

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $573,604
  • Assessed Land Value: $296,504
  • Assessed Improvements Value: $277,100

    Sales

  • Current Sale Recording Date: Oct 17, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 97834
  • Previous Sale Recording Date: Feb 28, 2000
  • Previous Sale Amount: $177,000
  • 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 Grafton Hill

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$277

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1967 ft²

Average Home Age

72.1 years

Currently For Sale

26 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: 4 months ago
Data Source: MLS PIN, MLS# 71729897

Frequently Asked Questions

When was property at 413 Lake Avenue built and last sold?
The property at 413 Lake Avenue was built in 1910 and last sold on Jan 1, 1970 for $349,900.
How much is this home worth?
The estimated value of the home located at 413 Lake Avenue is $371,353.
What are some comparable homes to 413 Lake Avenue?
There are currently no comparable homes to 413 Lake Avenue.
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