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Worcester 01603 Webster Square
44 Gates Lane
$240,000
● House - Off Market

44 Gates Lane

Worcester, MA 01603
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,040 Ft²
$355,492
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model

About This Property

Come and fall in love with this spacious Ranch style home off Webster Square. This house offers 3 bdrms, 2 full bathrooms, with hardwood floors throughout the entire living area, a large finished basement with walkout to spacious fenced in yard. Conveniently located minutes away from Webster Square Plaza & Bennett Pool.. Motivated Sellers!!
Unit Size
1,040 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$226
Property Type
House
Property Taxes
$284
HOA Dues
-
Year Built
1965

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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 #72353329)

Price History

Date / Event Date Event Price
Aug 31, 2018 Sold
Premium
Sold
Jun 27, 2018 Listed by RE/MAX Prof Associates $235,000
Listed by RE/MAX Prof Associates
Nov 24, 2009 Sold
Premium
Sold
Mar 18, 2009 Listed by RE/MAX Prof Associates $177,877
Listed by RE/MAX Prof Associates

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,040
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,248
  • Total Building Area: 1,040
  • Gross Building Area: 2,216
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000189
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Worcester School District
  • Census Tract: 731002

Zoning

  • Zoning: RS-7

Geography

  • Account Number: 15-48A-00007
  • Parcel: WORC M:15 B:48A L:00007
  • Block: 48A
  • Lot: 7
  • Municipality: WORCESTER
  • Latitude: 42.2451
  • Longitude: -71.8457

    Address

  • Full Address: 44 Gates Ln
  • Address - House Number: 44
  • Address - Street Name: Gates
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Worcester
  • Carrier Code: C018
  • 4-Digit Zip Code: 1809
  • Zip Code: 01603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $450,700

    Appraisal Valuation

  • Standard Deviation: 0.2035
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 377,739
  • High Value: 454,644
  • Low Value: 300,835

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $314,300
  • Assessed Land Value: $85,200
  • Assessed Improvements Value: $229,100

    Sales

  • Current Sale Recording Date: Aug 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 92560
  • Previous Sale Recording Date: Nov 24, 2009
  • Previous Sale Amount: $165,000
  • 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 Webster Square

Stats & Trends

Median Asking:

$419,900

Sale Price/ft²

$263

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2368 ft²

Average Home Age

94.8 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72353329

Frequently Asked Questions

When was property at 44 Gates Lane built and last sold?
The property at 44 Gates Lane was built in 1965 and last sold on Jan 1, 1970 for $240,000.
How much is this home worth?
The estimated value of the home located at 44 Gates Lane is $238,514.
What are some comparable homes to 44 Gates Lane?
There are currently no comparable homes to 44 Gates Lane.
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